Detonator Market – Sophisticated Demand & Dynamic Forecast To 2030
Detonator Market Synopsis: The data analysts at Market Research Future Reports (MRFR) have revealed that the detonator market is expected to rise at a CAGR of 1.90%, with a value of USD 1450.3 million over the estimated 2022-2030. The increasing demand for residential space is one of the most substantial factors driving the global detonator market in 2023. Besides, mining activities also play an important role in expanding the market. In addition, the development in technology is enabling the manufacturers with efficient equipment for the manufacturing of explosives. Combining these factors enlarging the market. Detonators play a crucial role in the chemicals industry, serving construction industry sectors, oil and gas, and mining. The demand for detonator market trends is directly dependent on the end-use industries. The construction industry has been affected considerably due to the delay caused owing to the outbreak of COVID-19. In addition, the demand for coal has also seen a d