“Global Non-Explosive Demolition Agents Market, By Product Type (Powder, Slurry, Other Types), By Distribution Channel (Industrial Customers, Resellers, Government Acquisitions, Online Online), By Application (Demolition, Mining, Quarrying, Other Applications), as well as by Region – Global Forecast 2021 to 2029.”, which offers a comprehensive view of the Global Non-Explosive Demolition Agents Market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over $1,944.9 Mn, and is estimated to increase substantially over the latter part of the forecast period.
Non-explosive demolition agents are chemicals that are an alternative to explosives and gas pressure blasting products in demolition, mining, and quarrying. To use non-explosive demolition agents in quarrying or demolition, holes are drilled into the base rock as they would be for use with conventional explosives, a non-explosive agent is then mixed in with water, after which a predetermined reaction causes the same outcome as if a conventional explosive substance were used.
Non-explosive demolition agents have been found to be less noisy, and are less likely to cause damage to property or loss of life or both, apart from other perks when compared to conventional agents, as such, they are increasingly being adopted for various areas of application. This is major factor that is anticipated to play a pivotal role in the projected revenue growth of the Global Non-Explosive Demolition Agents Market over the next 10 years. Another favourable characteristic of non-explosive demolition agents are that these products are eco-friendly in nature, as such, it is increasingly being adopted by several key industry players. This is another major factor that is slated to foster opportunities for increased market growth in the years to come. Although the high costs of these products may be a factor that may restrain growth potential for the Global Non-Explosive Demolition Agents Market in the years to come, the strict enforcement of numerous regulations in various end-use industries is leading more market players to adopt these products in place of conventional methods of demolition. These are some of the most crucial factors anticipated to play a critical role in catapulting projected revenues for the Global Non-Explosive Demolition Agents Market to $2,482.1 Mn by 2029, at a CAGR of 6.4%.
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