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Explosives & Pyrotechnics Market is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.
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They have been increasingly replacing the conventional silicon devices who are comparatively slower and inefficient, consequentially, further stimulating the growth of power electronics market size which was pegged at USD 34 billion in 2016.
The trend of automation of detection process is becoming highly popular in the industry. Resource constraints such as limited staff for operating the equipment and budget are expected to hamper the growth in the long term.
The steel market is anticipated to observe lucrative growth over the coming years on account of proliferating demand for strong and eco-friendly materials across numerous industry verticals. Steel provides a unique blend of versatility, formability and strength, making it an ideal material for a variety of industrial, commercial and residential applications.
Eyewear has managed to secure a significant share in the fashion industry. With surging use of stylish frames and contact lenses, there has been a rampant increase in demand for attractive eyewear, astronomically propelled eyewear market growth.