0
2020
Industrial Explosives Market

Industrial Explosives Market

by Type [High Explosivesand Blasting Agents (Ammonium Nitrate Fuel Oil (ANFO), Water Gel Explosives, Emulsions, Nitrogen Explosives, and Slurries)]and End-use Industry (Mining, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

Report Code: A01265
Pages: 260
Apr 2020 | 29944 Views
Author(s) : Eswara P
Tables: 150
Charts: 43
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Industrial Explosives Market

Request Now !

Industrial Explosives Market Outlook - 2027

The global industrial explosives market was valued at $7.1 billion in 2019, and is projected to reach $10.9 billion by 2027, growing at a CAGR of 5.5%from 2020 to 2027.

Industrial explosives are hazardous blasting explosives primarily used in the mining, quarrying, and construction industry. When initiated efficiently, it rapidly gets converted into gases at high pressure and temperature. This process of initiation of industrial explosives is known as detonation and leads to rock fragmentation. One liter of explosive can expand up to 1,000 liters with in milli seconds, and can attain a temperature range of 1500-4000°C.Industrial explosives can blast a larger amount of area as compared to conventional mechanical drills when deployed for the same task, there by reducing excavation time and saving labor costs. The choice of industrial explosive for a particular task depends on some major parameters, which include velocity of detonation (VOD), detonation pressure, effective energy, density, water resistance, sensitivity, and storage life.

Industrial-Explosives-Market-2020-2027

Rise indemand for earth minerals, such as bauxite, iron ore, coal, and rare earth metals, including gold and silver, which are present inside the earth crust, is a key driver of the global industrial explosives market growth. Moreover, increase in use of industrial explosives in the construction industry for tunneling and other applications along with inclination of construction professionals toward the use of industrial explosives to save time & labor costs is fueling the growth of the market.Furthermore, initiatives by governments of various economies to tap rich underground mineral resources to achieve higher GDP aids in boosting the market growth. Currently, the global industrial explosives market has witnessed vivid opportunities due to upsurge in mining activities, especially in developing economies across the globe. 

However, fluctuation in prices of ammonia and implementation of stringent regulations on the storage & transportation of industrial explosives are expected to act as major restraints of the global market. Moreover, high in itial costs required for the manufacture of industrial explosives are some of the key factors hampering the market growth. 

The report segments the global industrial explosives market into explosive type, end-use industry, and region. On the basis of explosive type, the market is categorized into high explosives and blasting agents. The blasting agents segment is further divided into ANFO, water gel explosives, emulsion explosives, nitrogen explosives, and others. Depending on end-use industry, the global market is segregated into mining, construction, and others (seismic wave generations and oil fields). The mining segment is subdivided into metal mining, non-metal mining, and quarrying. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global industrial explosives market have focused on strategic expansion of production capacities, due to rise in demand for industrial explosives in the mining industry, followed by new product developments. Some of the major companies profiled in this report include AECI Ltd., Austin Powder Company, EPC Groupe, Incitec Pivot limited, Irish Industrial, Explosives Ltd., Keltech Energies Ltd., Maxam Corp., NOF Corporation, Orica Ltd., Sigdo Koppers S.A., and Solar Industries India Ltd.

Global Industrial Explosives Market, By Region

Asia-Pacific accounted for the largest revenue share in 2019 in the global industrial explosives market. Factors such as low labor costs, abundance of earth minerals, and rise in preference toward use of explosives fuel the demand for industrial explosives, especially in China, India, Australia, and Indonesia. Countries in Asia-Pacific focus on mining activities to extract rich mineral resources and fuel their GDP.

Industrial Explosives Market
By Region

2027
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific would exhibit an CAGR of 6.5% during 2019-2027.

Get more information on this report : Request Sample Pages

Global Industrial Explosives Market, By Type

The blasting agents segment accounted for largest revenue share in 2019 of the total industrial explosives market size, owing to surge in demand for blasting agents from the mining industry. The use of blasting agents in mining activities has witnessed rapid growth, owing to increase in demand for mineral extraction. Furthermore, these agents are being widely used in construction activities, due to their cost-effectiveness and ease of storage. Moreover, increase in speedy excavation projects and surge in need for minerals & coal globally significantly contribute toward the growth of the blasting agents segment.

Industrial Explosives Market
By Type

Your browser does not support the canvas element.

Blasting agents is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Global Industrial Explosives Market, By End-use Industry

By end-use industry, the mining industry accounted for the largest industrial explosives market share in 2019. Government directive towarde fficient utilization of minerals & coal reserves coupled with rise in demand for minerals & coal across various end-uses has led to rise in mining activities. In addition, increase in demand for coal from thermal power plants and various other industries increases overall use of industrial explosives in the non-metal mining industry, thus boosting the growth of the global market.

Industrial Explosives Market
By End-use Industry

Your browser does not support the canvas element.

Mining is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Key Benefits For Stakeholders

  • The global Industrial explosives market analysis covers in-depth information of major industry participants.
  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Major countries have been mapped according to their individual revenue contribution to the regional market.
  • The report provides an in-depth analysis of the global industrial explosives market forecast for the period 2020–2027.
  • The report outlines the current global industrial explosives market trends and future estimations from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets. 
  • The key drivers, restraints, and global market opportunity and their detailed impact analysis is elucidated in the study.

Industrial Explosives Market Report Highlights

Aspects Details
By Type
  • High Explosives
  • Blasting Agents
    • Ammonium nitrate fuel oil (ANFO)
    • Water gel explosives
    • Emulsions
    • Nitrogen explosives
    • Others (slurries)
By End Use Industry
  • Mining
    • Metal Mining
    • Non-metal Mining
    • Quarrying
  • Construction
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Russia, Germany, UK, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, Rest of Asia-Pacific)
  • LAME  (Brazil, Chile, Peru, South Africa, Rest of LAMEA)
Key Market Players AECI Ltd., Austin Powder Company, EPC Groupe, Incitec Pivot limited, Irish Industrial Explosives Ltd., Keltech Energies Ltd., MaxamCorp. International SL, NOF Corporation, Orica Ltd., Sigdo Koppers S.A., Solar Industries India Ltd.
 

Loading Table Of Content...


 
 

The growth of the global industrial explosives market is driven by rise indemand for industrial explosives from mining and construction industries, increase in government initiatives to tap rich mineral resources from earth, economic development, and upsurge in energy demands globally.However, price fluctuations in raw materials, such as ammonia, required for manufacturing explosives is anticipated to hamper the growth of the market. 

Asia-Pacific accounted for the highest market share in 2019, and is the fastest growing region globally. This is attributed to rapid industrialization, increase in demand for coal from thermal power plants, and rise in government strategies for extraction of earth minerals. Furthermore, surge in adoption of industrial explosives in the construction industry due to high demand for tunnel constructions activities in hilly areas and building renovations projects significantly fuels the growth of the market. Rise in use of industrial explosives in seismic wave generation and oil fields is another key factor fueling the growth of the market. China occupies approximately one-thirdshare of the Asia-Pacific industrial explosives market; however, the industrial explosives market in India is expected to grow at a rapid rate in the near future, owing to its increase in use of industrial explosives in the construction industry.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The global industrial explosives market is worth $7.1 billion USD in 2019

A. The global industrial explosives market ie expected to grow at a CAGR of 5.5% in the forecast period 2020 to 2027.

A. Blasting agents is the leading type of industrial explosives market, owing to its large-scale use in the mining and construction industry

A. Increase in demand for minerals and coal as well as use of industrial explosives in construction activities are the key factors driving the global industrial explosives market

A. Orica Ltd., AECI Ltd., EPC Groupe, and Sigdo Koppers S.A. are some of the leading players in the global industrial explosives market

A. Use of industrial explosives as an alternative to mechanical drills is trend in the construction sector

A. Use of industrial explosives as an alternative to mechanical drills is trend in the construction sector

A. Asia-Pacific region is expected to hold the highest share in the industrial explosives market

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Industrial Explosives Market

Start reading instantly.
This Report and over 19,603+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Apr 2021 - Apr 2022)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2021 - Apr 2022)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2021 - Apr 2022)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2021 - Apr 2022)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2021 - Apr 2022)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers