A recent report published
by Infinium Global Research on gun powder market provides in depth analysis of
segments and sub-segments in global as well as regional gun powder market. The
study also highlights the impact of drivers, restraints and macro indicators on
the global and regional gun powder market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecast and dollar
values of global gun powder market. According to report the global gun powder
market is projected to grow with the help of healthy CAGR over the forecast
period of 2018-2024.
Market Insight
Gunpowder was invented by
Chinese alchemists in the 9th century. Gunpowder is a mixture of chemical
substances including sulfur, charcoal, and wallpaper. Gunpowder is also known
as black powder. Gunpowder is a low-explosive substance that is used as a
propellant in firearms. The sulfur and charcoal act as fuels while the
saltpeter is an oxidizer. Owing to its incendiary properties and the amount of
heat and gas volume that it generates, gunpowder has been widely used as a
propellant in firearms, artillery, rockets, and fireworks and as a blasting
powder in quarrying, mining, and road building. Gunpowder is distinguished from
"high" explosives—dynamite and TNT because of its lower burning speed
that produces a slower pressure wave, which is less likely to damage the barrel
of a gun. Gunpowder is frequently used as an ingredient in fuses, both for
fireworks and explosives.
Gunpowder has a wide
number of applications. It is used in mining for carrying out the explosion in
a controlled environment. In fireworks in conjunction with other chemicals to
create explosive, colorful visuals in fireworks and in the entertainment
industry to provide special effects in movies, televisions and stage
production. These aforementioned factors are mainly responsible for driving the
gunpowder market. Besides this, Gunpowder has been widely used as a propellant
in firearms, artillery, grenades and in several other military applications.
However, gunpowder firearms are limited primarily to hunting, target shooting,
and bullet-less historical reenactments. Furthermore, it is also used as
medicine to cauterize wounds in emergency situations. Moreover, Farmers use
gunpowder to clear fields. On the other hand, the adoption of newer
alternatives such as dynamite and ammonium nitrate/ fuel oil has been growing
in modern weapons and for industrial purpose, owing to the low cost of the
alternate product. This in turn, to hamper the growth of the gunpowder market.
Also, there are strict regulations in various jurisdictions for unsafe or
insecure storage of explosive materials such as gunpowder. Also, it requires
licenses to engage in the business of importing, manufacturing and/or
distributing explosives materials.
Among the geographies,
North America dominated the gunpowder market in 2017 and is expected to
dominate the same throughout the forecast period owing to the vast use of
gunpowder in the military, construction and entertainment industry. APAC region
is the second largest region in the Gunpowder market. Countries like China,
India, and Australia are responsible for driving growth in the Asia Pacific
Region.
Segment Covered
The report on global gun
powder market covers segments such as, types, burn type and end-user. On the
basis of types the global gun powder market is categorized into hodgdon triple
seven, alliant green dot, winchester 748, IMR 4350 and hodgdon 4831. On the
basis of burn type the global gun powder market is categorized into smokeless
and smoke. On the basis of end-user the global gun powder market is categorized
into military & defense, entertainment, mining, fireworks, construction and
others.
Geographic Coverage
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region
as it is the largest market in the region. The Asia-pacific region offers a
substantial potential for the market growth owing to rapid growth in markets
such as India and China. The APAC region is projected to experience a growth at
a CAGR of x.x% over the period of 2018-2024.
Companies Profiled:
The report provides
profiles of the companies in the global gun powder market such as, Gunpowder
Capital Corp, DuPont, PRAVISANI S.P.A., G & L CALIBERS LIMITED, NITROKEMIA
VEGYIPARI RT, CHEDDITE S.R.L., CHEMRING ENERGETICS UK LIMITED, LEVERONE BRUNO,
F.R.E. S.R.L and TECNOMINE S.A.S.
Report Highlights:
The report provides deep
insights on demand forecasts, market trends and micro and macro indicators. In
addition, this report provides insights on the factors that are driving and
restraining the global gun powder market. Moreover, IGR-Growth Matrix analysis
given in the report brings an insight on the investment areas that existing or
new market players can consider. The report provides insights into the market
using analytical tools such as Porter's five forces analysis and DRO analysis
of gun powder market. Moreover, the study highlights current market trends and
provides forecast from 2018-2024. We also have highlighted future trends in the
gun powder market that will impact the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight on the market share of the leading players. This report will help
manufacturers, suppliers and distributors of the gun powder market to
understand the present and future trends in this market and formulate their
strategies accordingly.
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