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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.
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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 (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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The major key players in the global explosives market include Enaex S.A., Yara International, Orica Limited., Dyno Nobel, AEL Intelligent Blasting, Sasol, Maxam Corp., and Austin Powder Company, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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