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The global explosives market size reached a volume of around 16.7 million metric tons in 2020. It is expected to grow at a CAGR of 4.25% in the forecast period of 2021-2026 to reach a volume of 21.4 million metric tons by 2026.
North America is the region with the highest maturity in the explosives market, followed by Australia and Europe. The industry 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 countries, including Australia and North America.
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The industry growth is significantly supported by its end-use industries like coal, metal, quarrying, and non-metal. Coal is the dominant end-use industry, 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 industry 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. These countries together 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 Southeast Asian regions from the coal mining sector is providing further impetus to the explosives industry growth.
Another primary growing end-use industry is the metal mining industry, which is expected to witness a healthy growth, especially due to the increasing demand from the 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 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 mechanical, chemical, or nuclear.
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Explosives find their end-uses in:
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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The mining industry is significantly driving the growth of the explosives market. The growing coal, metals, quarrying, and non-metals, as well as the construction industry, is supporting the industry growth for explosives. The increasing demand in the end-use industry, especially for coal, is driving the industry growth further. High quality, low ash, and low sulphur types of coal are likely to push the industry growth of explosives further, especially in Australia. The growth in the commodity demand, as well as increased mineral production, has resulted in the growth of the explosives industry. The decline in the ore grades has resulted in more exploration activities, and thus propelled the growth of the industry further.
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 industry, and, thus, the explosives market. New and small mining companies are looking to expand their business in battery materials, like lithium and cobalt, pushing the industry 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 industries like mining, construction, and quarrying.
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:
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis.
*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.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Explosives System Market Analysis
6.1 Figure: Global Explosives Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Chart: Global Explosives Market Breakup by End Use
6.2.1 Coal Mining
6.2.2 Metal Mining
6.2.3 Quarrying and Non-Metal
6.3 Figure: Global Explosives Market Breakup by End Use: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Coal Mining
6.3.2 Metal Mining
6.3.3 Quarrying and Non-Metal
6.4 Chart: Global Explosives Market Breakup by Region
6.4.1 North America
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 Middle East and Africa
6.5 North America Explosives Market
6.5.1 Figure: North America Explosives Historical Market (2016-2020) & Forecast (2021-2026)
6.5.2 Chart: North America Explosives Market Breakup by End Use
184.108.40.206 Coal Mining
220.127.116.11 Metal Mining
18.104.22.168 Quarrying and Non-Metal
6.5.3 Chart: North America Explosives Market Breakup by Country
22.214.171.124 United States of America
6.6 Europe Explosives Market
6.6.1 Figure: Europe Explosives Historical Market (2016-2020) & Forecast (2021-2026)
6.6.2 Chart: Europe Explosives Market Breakup by End Use
126.96.36.199 Coal Mining
188.8.131.52 Metal Mining
184.108.40.206 Quarrying and Non-Metal
6.6.3 Chart: Europe Explosives Market Breakup by Country
220.127.116.11 United Kingdom
6.7 Asia Pacific Explosives Market
6.7.1 Figure: Asia Pacific Explosives Historical Market (2016-2020) & Forecast (2021-2026)
6.7.2 Chart: Asia Pacific Explosives Market Breakup by End Use
18.104.22.168 Coal Mining
22.214.171.124 Metal Mining
126.96.36.199 Quarrying and Non-Metal
6.7.3 Chart: Asia Pacific Explosives Market Breakup by Country
6.8 Latin America Explosives Market
6.8.1 Figure: Latin America Explosives Historical Market (2016-2020) & Forecast (2021-2026)
6.8.2 Chart: Latin America Explosives Market Breakup by End Use
188.8.131.52 Coal Mining
184.108.40.206 Metal Mining
220.127.116.11 Quarrying and Non-Metal
6.8.3 Chart: Latin America Explosives Market Breakup by Country
6.9 Middle East and Africa Explosives Market
6.9.1 Figure: Middle East and Africa Explosives Historical Market (2016-2020) & Forecast (2021-2026)
6.9.2 Chart: Middle East and Africa Explosives Market Breakup by End Use
18.104.22.168 Coal Mining
22.214.171.124 Metal Mining
126.96.36.199 Quarrying and Non-Metal
6.9.3 Chart: Middle East and Africa Market Breakup by Country
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 EMR’s Key Indicators for Demand
10 EMR’s Key Indicators for Price
11 Procurement Strategy
11.1 Sourcing Model
11.2 Engagement Model
12 Cost Analysis
12.1 Raw Materials Cost
12.2 Logistics and Warehouse Cost
12.3 Conversion Cost
12.4 Labor and Utility Cost
13 Competitive Landscape & Supplier Analysis
13.1 Enaex S.A.
13.1.1 Company Overview
13.1.2 Financial Analysis
13.2 Yara International
13.2.1 Company Overview
13.2.2 Financial Analysis
13.3 Orica Limited.
13.3.1 Company Overview
13.3.2 Financial Analysis
13.4 Dyno Nobel
13.4.1 Company Overview
13.4.2 Financial Analysis
13.5 AEL Intelligent Blasting
13.5.1 Company Overview
13.5.2 Financial Analysis
13.6.1 Company Overview
13.6.2 Financial Analysis
13.7 Maxam Corp.
13.7.1 Company Overview
13.7.2 Financial Analysis
13.8 Austin Powder Company
13.8.1 Company Overview
13.8.2 Financial Analysis
14 Industry Events and Developments
In 2020, the global explosives market attained a volume of around 16.7 million metric tons.
The explosives market is projected to grow at a CAGR of 4.25% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about a volume of 21.4 million metric tons by 2026.
The major drivers of the industry, such as the growing mining industry, increasing demand from the construction industry, rising commodity demand, and increasing mineral production, are expected to aid the market growth.
The key market trend guiding the growth of the explosives market includes the growth opportunities of battery materials, like lithium and cobalt.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America as the highest maturity market.
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 industry are Enaex S.A., Yara International, Orica Limited., Dyno Nobel, AEL Intelligent Blasting, Sasol, Maxam Corp., and Austin Powder Company, among others.
The global explosives market attained a volume of around 16.7 million metric tons in 2020, 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 2021-2026, growing at a CAGR of 4.25%. The market is projected to reach a volume of 21.4 million metric tons by 2026.
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, Orica Limited., Dyno Nobel, AEL Intelligent Blasting, Sasol, Maxam Corp., Austin Powder Company, and 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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