Explosion Panels Market Insights Video

According to Cognitive Market Research, the global Explosion Panel market size was USD 150.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 60.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 45.18 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 34.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 7.53 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 3.01 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
• The chemical manufacturing segment is the fastest growing segment of the Explosion Panel industry