Title: Pyrotechnic Chemicals Market – Forecast (2022-2027)
1Pyrotechnic Chemicals MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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- The Pyrotechnic Chemicals Market size is
estimated to reach more than US2.8 billion by
2027, after growing at a CAGR of 4.2 during the
forecast period 2022-2027. A pyrotechnic
composition is a substance or mixture of
substances such as calcium nitrate, cinnamic
acid, potassium chlorate, potassium nitrate and
others that produce an effect through heat,
light, sound, gas, or a combination of these as a
result of non-detonative self-sustaining
exothermic chemical reactions. The industry is
expected to grow significantly over the forecast
period due to increased use of the product in
construction and mining activities. The
increasing number of infrastructure development
projects in developing countries is expected to
drive demand for pyrotechnic chemicals.
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- Key Takeaways
- Asia-Pacific dominates the Pyrotechnic Chemicals
Market size. The increase in demand from
applications such as fireworks, oxygen candles
and others, is the main factor driving the
region's growth. - One of the primary factors contributing to the
Pyrotechnic Chemicals Market's favorable outlook
is significant growth in the automotive industry
around the world. - The flourishing building and construction
industry is boosting the demand for Pyrotechnic
Chemicals for applications, thereby driving the
Pyrotechnic Chemicals industry. - However, Health Hazards related to Pyrotechnic
Chemicals are limiting the Pyrotechnic Chemicals
Market growth.
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By Distribution Channel- Segment Analysis The
Fireworks held a significant share in the
Pyrotechnic Chemicals Market share in 2021 and is
projected to grow at a CAGR of 4.5 during the
forecast period 2022-2027. Pyrotechnic chemicals
such as calcium nitrate, cinnamic acid, potassium
chlorate and others are used to make fireworks.
Global trends in spectacular fireworks are
boosting the pyrotechnics chemical market. For
instance, every year on July 4th, a massive
fireworks display to celebrate American
independence requires a significant amount of
engineering and creativity in the pyrotechnics
sector.
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- Pyrotechnic Chemicals Industry Outlook
- Solar Industries India
- Melrose Pyrotechnics
- Zambelli Fireworks
- Pyro Company Fireworks
- Angelfire Pyrotechnics
- Howard Sons
- Skyburst
- Entertainment Fire-works
- Supreme Fireworks
- Celebration Fireworks
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Pyrotechnic Chemicals Market Forecast (2022 -
2027) Learn More About the
Report _at_ https//www.industryarc.com/Report/1786
9/pyrotechnic-chemicals-market.html
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- Analyst Briefing
- Data Tables
- Key Contacts
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