Oct 22, 2018   SOURCE: BusinessWire

Global Gun Powder Market Analysis, Trends, Market Size and Forecasts 2016-2018 & 2024 - ResearchAndMarkets.com

The "Gun Powder Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report on global gun powder market provides qualitative and quantitative analysis for the period of 2016 to 2024.

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

Global Gun Powder Market by Types

  • Hodgdon Triple Seven
  • Alliant Green Dot
  • Winchester 748
  • IMR 4350
  • Hodgdon 4831

Global Gun Powder Market by Burn Type

  • Smokeless
  • Smoke

Global Gun Powder Market by End-User

  • Military & Defense
  • Entertainment
  • Mining
  • Fireworks
  • Construction
  • Others

Company Profiles

  • 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
  • Tecnomine S.A.S

For more information about this report visit https://www.researchandmarkets.com/research/sxv7fh/global_gun_powder?w=4