Global Explosives Market is Expected to Grow at a CAGR of 5.20% in the Forecast Period of 2024-2032

The global explosives market is primarily being driven by the mining industry. The major key players of the market are concentrated in North America, especially Orica and Dyno Nobel. These leading players in the market supply significant volumes of explosives to the mining companies in the region. North America and the Asia Pacific are the leading markets in the industry. Australia is a significant explosives market in the Asia Pacific due to the presence of a large coal industry in the region. Australia accounts for 20% of the total coal output globally. The market in the Asia Pacific is also expected to be aided by the growing coal industry in Southeast Asian countries.

The downstream industries of explosives are driving their market, including metal, quarrying, non-metal, and coal. The dominant end-use industry is the coal industry, accounting for more than 50% of the global consumption of explosives. The leading coal-producing countries include the United States, China, Russia, India, Australia, and Indonesia, among others. Metal mining is also emerging as a major end-use sector, especially in developing markets like Africa.

In August 2016, Yara International ASA (OTCMKTS: YARIY), a leading player in the global explosives market, introduced its first modular ammonium nitrate plant located in Australia. The company also manufactures TAN, that is, technical ammonium nitrate. Ammonium is the major component used in the production of explosives. Thus, the explosives output is likely to increase in the coming years with this capacity addition.

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Market Analysis by End-Uses and Regions:

• Explosives find their end-uses in coal mining, metal mining, quarrying and non-metal, and construction industries, among others.

• The regional markets for explosives can be segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The mining sector is the main driving factor for the explosives market.

• The increasing demand for coal, metals, and non-metals is driving the mining industry, and thus, the explosives market.

• The explosives market is also being aided by the growing construction industry.

• The increasing commodity demand is also supporting the explosives market growth.

• Declining ore grades are also driving the market for explosives further.

Key Offerings of the Report:

• The EMR report gives an overview of the global explosives market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the major regions of explosives.

• The EMR report provides the cost analysis as well as the value chain analysis of the market.

• It also provides the key indicators for demand and price drivers in the market.

The major key players in the global explosives market include Enaex S.A., Yara International ASA, Orica Limited, MaxamCorp. Holding, S.L., Austin Powder Company, Sasol Limited, and Dyno Nobel Inc, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.

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