Press Release

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global Explosives Market is Expected to Grow at a CAGR of 4.1% in the Forecast Period of 2022-2027.

According to a new report by EMR titled, ‘Global Explosives Market Report and Forecast 2022-2027’, the global explosives market demand reached a volume of 15.3 million metric tons in 2020. The market is likely to increase at a CAGR of 4.1% in the forecast period 2022-2027 to reach a volume of approximately 20.5 million metric tons by 2026.

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.

Download a Free Sample Report with Table of Contents - Download Now

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.

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 (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) 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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Aerosol Caps Market Report and Forecast 2022-2027

Global Abrasives Market Report and Forecast 2022-2027