The Trinitrotoluene Market size is estimated at 29.11 kilotons in 2024, and is expected to reach 35.80 kilotons by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The COVID-19 pandemic led to delays and halts across multiple projects in different countries worldwide in 2020. This simultaneously affected the demand for TNT and led to a decline on a global scale. However, in 2021, the demand for TNT began to recover due to global initiatives for economic recovery.
The trinitrotoluene (TNT) market is consolidated in nature, with only a few major players dominating the market. Some of the major companies include Orica Limited, Maxamcorp, Axamcorp Holding, Dyno Nobel, Nitro-Chemca-CHEM SA, and Enaex.
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