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Global Explosives Market Size, Share, Growth, Analysis: By End Use: Coal Mining, Metal Mining, Quarrying and Non-Metal, Construction, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; 2024-2032
Global Explosives Market Outlook
The global explosives market size reached a volume of around 16.58 million metric tons in 2023. It is expected to grow at a CAGR of 5.20% in the forecast period of 2024-2032.
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North America is one of the Leading Regional Markets for Explosives
North America is the region with the highest maturity, followed by Australia and Europe. The North American market is significantly dominated by key players like Orica and Dyno Nobel, accounting for nearly half of the supply share. These companies are among the top suppliers of explosives to the major mining regions, including Australia and North America.
The market growth is significantly supported by its end-use sectors like coal mining, metal mining, quarrying, and non-metal. Coal is the dominant end-use sector, accounting for more than half of the global consumption. The global consumption of coal stood at a volume of around 7.2 million metric tons in 2018, with the sector accounting for nearly 70% of the global demand for explosives. The major coal-producing countries include the United States, Russia, China, India, Australia, and Indonesia. Together these countries accounted for around 85% of the global coal production in 2018. Australia is one of the major coal-producing countries with a surplus supply. The region accounts for approximately 20% of the global production of coal. The rapidly increasing demand from the coal mining sector in Southeast Asia is providing a further impetus to the explosives market growth.
Another primary end-use sector is metal mining, which is expected to witness a healthy growth, especially due to the increasing demand from emerging countries. Metal mining is the dominant end-use sector in Africa, accounting for more than half of the market share in terms of consumption. The demand for explosives is likely to witness a healthy growth in the region in the forecast period.
Market Segmentation
Explosives refer to the devices or substances that are reactive due to the massive volume of expanding gas inside them. They contain an enormous amount of potential energy that has the capability to explode within an extremely short period when it is suddenly released, generally accompanied by heat or pressure. The types of content present inside these explosives could be chemical, or nuclear.
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Explosives find their end-uses in:
- Coal Mining
- Metal Mining
- Quarrying and Non-Metal
- Construction
- Others
The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand in the Mining Sector to Drive the Market Growth of Explosives
The mining sector is significantly driving the growth of the explosives market. The growing coal, metals, quarrying, and non-metals, as well as the construction sector, are supporting the market development for explosives. The increasing demand in the end-use sector, especially for coal, is driving the market expansion further. High quality, low ash, and low sulphur types of coal are likely to push the market growth of explosives further, especially in Australia. The growth in the commodity demand, as well as increased mineral production, has resulted in the market growth of explosives. The decline in the ore grades has resulted in more exploration activities and thus propelled the development of the market further.
The rising use of explosives in the construction sector to carve out roads, excavate ground for the foundations of buildings, and demolition work is catalysing the market development. The production of sophisticated explosives offers fast and economical construction processes, particularly demolition. The other advantages of using explosives in demolition include a shortened time and a high degree of safety. For instance, the Supreme Court of India ordered the demolition of the twin towers of Supertech Emerald Court housing society using explosives. The demolition to be conducted in August 2023 is estimated to use 2,500 to 4,000 kg of explosives.
The growing efforts to develop environment-friendly green explosives are likely to bolster the explosives market growth over the forecast period. For instance, in June 2020, a research was conducted as a part of the collaboration between MRIWA (Minerals Research Institute of Western Australia), Mining3, and sponsors Northern Star Resources, Barrick Gold and Newcrest Mining Limited to exhibit the potential of new explosive hydrogels-based on hydrogen peroxide (H2O2) to reduce the production of toxic exhaust gases and other environmental impacts during the development and operation of underground mines.
The Asia Pacific is the fastest-growing region due to the high demand for the product. The region is witnessing increasing mining activities due to advanced technical support from North America. The rising demand from the Southeast Asian countries is also providing further impetus to the mining sector, and, thus, the overall market. New and small mining companies are looking to expand their business in battery materials, like lithium and cobalt, pushing the market forward.
August 2016- Yara International (OTCMKTS: YARIY) opened the first modular ammonium nitrate plant in Australia. Ammonium nitrate is the primary component in the production of explosives used in sectors like mining, construction, and quarrying.
Key Players in the Global Market for Explosives
The report gives a detailed analysis of the following key players in the global explosives market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Enaex S.A.
- Yara International ASA
- Orica Limited
- MaxamCorp. Holding, S.L.
- Austin Powder Company
- Sasol Limited
- Dyno Nobel Inc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End Use, Region |
| Breakup by End Use | Coal Mining, Metal Mining, Quarrying and Non-Metal, Construction, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Enaex S.A., Yara International ASA, Orica Limited, MaxamCorp. Holding, S.L., Austin Powder Company, Sasol Limited, Dyno Nobel Inc, Others. |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Explosives Market Analysis
8.1 Key Industry Highlights
8.2 Global Explosives Historical Market (2018-2023)
8.3 Global Explosives Market Forecast (2024-2032)
8.4 Global Explosives Market by End Use
8.4.1 Coal Mining
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Metal Mining
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Quarrying and Non-Metal
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Construction
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Explosives Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Explosives Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Explosives Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Explosives Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Explosives Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Explosives Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Enaex S.A.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Yara International ASA
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Orica Limited
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 MaxamCorp. Holding, S.L.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Austin Powder Company
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Sasol Limited
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Dyno Nobel Inc
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Explosives Market: Key Industry Highlights, 2017 and 2027
2. Global Explosives Historical Market: Breakup by End Use (Million Metric Tons), 2018-2023
3. Global Explosives Market Forecast: Breakup by End Use (Million Metric Tons), 2024-2032
4. Global Explosives Historical Market: Breakup by Region (Million Metric Tons), 2018-2023
5. Global Explosives Market Forecast: Breakup by Region (Million Metric Tons), 2024-2032
6. North America Explosives Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
7. North America Explosives Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
8. Europe Explosives Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
9. Europe Explosives Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
10. Asia Pacific Explosives Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
11. Asia Pacific Explosives Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
12. Latin America Explosives Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
13. Latin America Explosives Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
14. Middle East and Africa Explosives Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
15. Middle East and Africa Explosives Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. Global Explosives Market Structure
Key Questions Answered in the Report
In 2023, the global explosives market attained a volume of around 16.58 million metric tons.
The explosives market is projected to grow at a CAGR of 5.20% between 2023 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about a volume of 22.22 million metric tons by 2032.
The major drivers of the market are growing mining industry, rising commodity demand, and increasing mineral production.
The key trends guiding the growth of the explosives market include the growth opportunities of battery materials, like lithium and cobalt, and increasing demand from the construction industry.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major end uses of explosives in the market are coal mining, metal mining, quarrying and non-metal, and construction, among others.
The major players in the market are Enaex S.A., Yara International ASA, Orica Limited, MaxamCorp. Holding, S.L., Austin Powder Company, Sasol Limited, and Dyno Nobel Inc, among others.
Analyst Review
The global explosives market attained a volume of around 16.58 million metric tons in 2023, driven by the growing mining industry. Aided by the lucrative opportunities in the battery materials, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.20%. The market is projected to reach a volume of 22.22 million metric tons by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its end use, the explosives market can be segmented into coal mining, metal mining, quarrying and non-metal, construction, and others. The major regional markets for explosives are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America as the highest maturity market. The key players in the 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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