The growing application of TNT as explosive in the military munition, mining and in a deep well and underwater blasting is key areas driving the market application. Increase in spending by various governments over the defense and national security is driving the market growth. Ongoing activities for innovation of advanced explosion technologies are further contributing the market growth. TNT posses high explosive power, chemical, and thermal stability, better compatibility at a relatively lower cost has increased its application in military ammunition, high explosive shells, and bombs.
The latest report by Value Market Research expects the Global Trinitrotoluene Market to reach USD 513.2 million by 2025. It was valued USD 390 million in 2018. The report foresees a 4% CAGR from 2019 to 2025.
MILITARY GRADE DOMINATED THE SEGMENT
On the basis of type, military-grade emerged as the leading segment in 2018. Increase in spending on military and national security by the governments to ensure safety is driving the market growth. Ongoing R&D for the development of more efficient explosion technologies is fueling the segment growth.
MILITARY LED THE APPLICATION SEGMENT
In 2018, Military dominated the application segment and has accounted for maximum market share. The increased threat of terror attacks has generated a high demand for advanced ammunition and defense equipment. This is driving the segment growth. Also, increased investment for defense and military is again fueling the segment growth.
ASIA PACIFIC EMERGED AS THE LEADING REGIONAL MARKET
Regionally, Asia Pacific dominated the market in 2018. Increasing the defense budget on account of rising terror attacks and war conditions in between neighboring nations is driving the regional market growth.
KEY PLAYERS OF THE MARKET
Accurate Energetic Systems, LLC, AEL, AUSTIN Powder, BME - Omnia Holdings Limited, Eurenco, Hangzhou Dayangchem Co.Ltd., Hunan Nanling Civilian Blasting Equipment Inc. , MAXAM, Mil Spec Industries Corporation, Nitro-Chem, POLY TECHNOLOGIES INC., Prva Iskra - Namenska, Solar Explosives, and Zarya Ltd. are some of the players ruling the trinitrotoluene market.
As per this study the Global Trinitrotoluene Market was valued USD 390 MN (by revenue) in 2018 and is anticipated to reach USD 513.2 MN by 2025 with a CAGR of 4%.
Trinitrotoluene also referred to as 2-methyl-1, 3, 5-trinitrobenzene, is a chemical compound with the formula C6H2 (NO2)3CH3 and is yellow in color. This yellow solid is used as a reagent in many chemical syntheses, but it is mainly known as an explosive material with extremely convenient handling properties. The explosive yield of this compound is considered to be the standard measure of bombs and the power of explosives.
The market of Trinitrotoluene is expected to experience strong growth in the years to come owing to the expanding defense industry for ammunition products against the need for national security and counter-terrorism strategies. Also, continuous innovation in explosive technologies and rise in focus on performance testing of explosives is projected to raise the product demand. Moreover, the growing need for safer explosives to replace high energetic explosives and propellants to meet safety needs is again prompting the manufacturers of military & defense equipment to employ Trinitrotoluene on a large scale. Further growing mining activity worldwide has also raised the demand for Trinitrotoluene.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of trinitrotoluene.
The broad trinitrotoluene market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Military Grade
- Industrial Grade
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for trinitrotoluene in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Trinitrotoluene Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the trinitrotoluene market includes Accurate Energetic Systems, LLC, AEL, AUSTIN Powder, BME - Omnia Holdings Limited, Eurenco, Hangzhou Dayangchem Co.Ltd., Hunan Nanling Civilian Blasting Equipment Inc. , MAXAM, Mil Spec Industries Corporation, Nitro-Chem, POLY TECHNOLOGIES INC., Prva Iskra - Namenska, Solar Explosives, and Zarya Ltd. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
2. EXECUTIVE SUMMARY
- Introduction To Trinitrotoluene
- Report Description
- Objectives Of The Study
- Research Scope
- Research Methodology
3. MARKET ANALYSIS
- Market Highlight
- Global Trinitrotoluene Market: Snapshot
4. TRINITROTOLUENE MARKET ANALYSIS BY PRODUCT
- Porter’s Five Forces Analysis
- Value Chain Analysis
5. TRINITROTOLUENE MARKET ANALYSIS BY APPLICATION
- Market In Military Grade
- Market In Industrial Grade
6. TRINITROTOLUENE MARKET ANALYSIS BY GEOGRAPHY
- Market In Military
- Market In Mining
- Market In Demolition
- Market In Others
7. COMPETITIVE LANDSCAPE OF THE TRINITROTOLUENE COMPANIES
- North America (NA)
- North America Market Estimates
- North America Market Estimates By Country
- United States (U.S.) Market Estimates By Segments
- Rest Of North America Market Estimates By Segments
- Europe (EU)
- Europe Market Estimates
- Europe Market Estimates By Country
- United Kingdom (UK) Market Estimates By Segments
- Germany Market Estimates By Segments
- France Market Estimates By Segments
- Rest Of Europe Market Estimates By Segments
- Asia Pacific (APAC)
- Asia Pacific Market Estimates
- Asia Pacific Market Estimates By Country
- China Market Estimates By Segments
- Japan Market Estimates By Segments
- India Market Estimates By Segments
- Rest Of Asia Pacific Market Estimates By Segments
- Latin America (LA)
- Latin America Market Estimates
- Latin America Market Estimates By Country
- Brazil Market Estimates By Segments
- Rest Of Latin America Market Estimates By Segments
- Middle East And Africa (MEA)
- Middle East And Africa Market Estimates
- Middle East And Africa Market Estimates By Country
- Middle East Market Estimates By Segments
- Africa Market Estimates By Segments
8. COMPANY PROFILES OF THE TRINITROTOLUENE INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
- Market Competition
- Mergers And Acquisitions
- New Product Launches
- Other Developments
* Tentative TOC
LIST OF TABLES
- Accurate Energetic Systems, LLC
- AUSTIN Powder
- BME - Omnia Holdings Limited
- Hangzhou Dayangchem Co.Ltd.
- Hunan Nanling Civilian Blasting Equipment Inc.
- Mil Spec Industries Corporation
- POLY TECHNOLOGIES INC.
- Prva Iskra - Namenska
- Solar Explosives
- Zarya Ltd.
Table 1. Market Highlights Of Trinitrotoluene
Table 2. Global Trinitrotoluene Market By Product
Table 3. Global Trinitrotoluene Market By Application
Table 4. Global Trinitrotoluene Market By Geography
Table 5. North America Trinitrotoluene Market
Table 6. Europe Trinitrotoluene Market
Table 7. Asia Pacific Trinitrotoluene Market
Table 8. Latin America Trinitrotoluene Market
Table 9. Middle East And Africa Trinitrotoluene Market
Table 10. Partnership/Collaboration/Agreements
Table 11. Mergers And Acquisitions
Table 12. New Product Development
Table 13. Other Developments
LIST OF FIGURES
Fig. 1. Market Segmentation Of Trinitrotoluene Market
Fig. 2. Top-Down Approach
Fig. 3. Bottom-Up Approach
Fig. 4. Market Highlights Of Trinitrotoluene
Fig. 5. Porter’s Five Forces Analysis
Fig. 6. Value Chain Analysis
Fig. 7. Global Trinitrotoluene Market By Product
Fig. 8. Global Trinitrotoluene Market By Application
Fig. 9. Global Trinitrotoluene Market By Geography
Fig. 10. North America Trinitrotoluene Market
Fig. 11. Europe Trinitrotoluene Market
Fig. 12. Asia Pacific Trinitrotoluene Market
Fig. 13. Latin America Trinitrotoluene Market
Fig. 14. Middle East And Africa Trinitrotoluene Market
Fig. 15. Market Share Of Trinitrotoluene Companies
Fig. 16. Recent Developments In Trinitrotoluene Industry
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.