According to a new report from Intel Market Research, the global PBX (Polymer Bonded Explosive) Formulation Market was valued at USD 2.15 billion in 2025 and is projected to reach USD 3.45 billion by 2034, exhibiting a CAGR of 5.5% during the forecast period (2026–2034). This growth is propelled by rising global defense expenditures, the increasing adoption of insensitive munitions,...
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