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Explosives Market

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.

 

Global Explosives Market

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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.

 

Explosives 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.

 

Global Explosives Market by End Use

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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.

 

Global Explosives Market by Region

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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.

 

Key Highlights of the Report

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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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
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Explosives Market Report Snapshots

Explosives Market Size

Explosives Market Growth

Explosives Companies

Explosives Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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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