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Latin America Explosives Market Size, Share, Forecast: By Type: ANFO (Ammonium Nitrate Fuel Oil), RDX (Research Department Explosive), TNT (Trinitrotoluene), PETN (Pentaerythritol Tetranitrate), HMX (High Melting Explosive), Dynamite, Others; By End Use: Mining, Construction, Others; Regional Analysis; Competitive Landscape; 2024-2032
Latin America Explosives Market Outlook
The Latin America explosives market size attained a volume of approximately 1.48 million tonnes in 2023. The market is further projected to grow at a CAGR of 5.2% in the forecast period of 2024-2032, reaching a volume of around 2.34 million tonnes by 2032.
Key Trends in the Market
Explosives are reactive substances with a substantial amount of potential energy that are capable of producing a explosion, accompanied with bursts of energy, sound, pressure, heat, or light. To trigger the explosion, some form of initiation or detonation is required which starts the production of rapidly expanding gas in the explosive. Depending upon the components used and the form of explosion, the resultant energy can be used in a targeted manner.
- Increasing investments by countries in Latin America towards infrastructural development such as dams, tunnels, bridges, roads, and buildings, are generating a growing demand for explosives. Different types of explosives, depending upon the present rock formations and environment, can be used for clearing space for construction, providing smooth foundations for stronger constructions.
- A key trend contributing to the Latin America explosives market growth is the growing focus towards safe use of explosives and adhering to environmental regulations. Various countries in Latin America are implementing regulations on the usage of explosives so as to improve safety, reduce environmental degradation, and encourage environmentally friendly explosives.
- To support the growing demand for explosives in Latin America various market players are setting up local manufacturing plants in the region to improve supply chains and logistics. Mergers and acquisitions between global players and local companies are also aiding in the Latin America explosives market development in the forecast period.
Market Analysis
Based on type, the market is divided into ANFO (Ammonium Nitrate Fuel Oil), RDX (Research Department Explosive), TNT (Trinitrotoluene), PETN (Pentaerythritol Tetranitrate), HMX (High Melting Explosive), and dynamite, among others. On the basis of end use, the Latin America explosives market segmentation is mining, construction, and military, among others. The major countries in the explosives market in Latin America are Brazil, Argentina, Mexico, Chile, and Colombia, among 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. The report gives a detailed analysis of the following key players in the Latin America explosives market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- AEL Mining Services Ltd.
- Sasol Limited
- BME - Bulk Mining Explosives
- ENAEX S.A.
- Yara International ASA
- Orica Limited
- Chemring Group PLC
- Austin Powder
- Incitec Pivot Ltd.
- MAXAMCORP HOLDING, SL
- Others
Market Share by End Use
The abundance of natural mining resources across various countries in Latin America and the surging demand for minerals such as iron ore, copper, and gold, are increasing the Latin America explosives market demand for mining applications. Countries such as Brazil, Peru, Mexico and Chile have vast operations for mining, including for silver, gold, and copper, among other minerals. Explosives and pyrotechnics are used to break larger rock formations to enable excavation and ore extraction, due to which mining is a key end use of explosives in the region. Rising investments in mining and improvements in infrastructure are likely to further support the expansion of the mining sector in Latin America and heighten the demand for explosives.
Market Share by Country
Brazil accounts for a sizable Latin America explosives market share, supported by the growing mining sector in the country and increasing construction projects for residential and commercial purposes. In Brazil, there are extensive reserves available of minerals such as iron ore, gold, and bauxite, leading to an enhanced demand for explosives. Mining operations in the country include both open-pit as well as underground mining operations which require significant volumes of explosives for mineral extraction, rock blasting, and quarrying. Meanwhile, the construction sector in Brazil utilises explosives for controlled demolition, tunnelling, underground construction, foundation preparation, earthmoving and land levelling, thereby augmenting the explosives market demand in Brazil.
Competitive Landscape
AEL Mining Services Ltd. was founded in 1896 and is currently based in Johannesburg, South Africa. The company is leading manufacturer of explosives and other related products, catering to the mining industry. AEL Mining Services offers services such as mining optimisation, equipment services, and product services.
Sasol Limited, established in 1950 and headquartered in Sasolburg, South Africa, is an integrated company for energy and chemicals. With a focus on sustainability, the company sources, manufactures, and markets a wide range of products across 22 countries, aiming to be sustainable environmentally, economically, and socially.
Other market players include BME - Bulk Mining Explosives, ENAEX S.A., Yara International ASA, Orica Limited, Chemring Group PLC, Austin Powder, Incitec Pivot Ltd., and MAXAMCORP HOLDING, SL, among others.
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:
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 Market 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 Market Snapshot
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)
9 Latin America Explosives Market Analysis
9.1 Key Industry Highlights
9.2 Latin America Explosives Historical Market (2018-2023)
9.3 Latin America Explosives Market Forecast (2024-2032)
10 Latin America Explosives Market by Type
10.1 ANFO (Ammonium Nitrate Fuel Oil)
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 RDX (Research Department Explosive)
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 TNT (Trinitrotoluene)
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 PETN (Pentaerythritol Tetranitrate)
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 HMX (High Melting Explosive)
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Dynamite
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
10.7 Others
11 Latin America Explosives Market by End Use
11.1 Mining
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Construction
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Military
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Latin America Explosives Market by Country
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 Chile
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Colombia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code – 3602)
14.1 Major Exporting Countries
14.1.1 By Value
14.1.2 By Volume
14.2 Major Exporting Countries
14.2.1 By Value
14.2.2 By Volume
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 AEL Mining Services Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Sasol Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 BME - Bulk Mining Explosives
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 ENAEX S.A.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Yara International ASA
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Orica Limited
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Chemring Group PLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Austin Powder
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Incitec Pivot Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 MAXAMCORP HOLDING, SL
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Explosives Market: Key Industry Highlights, 2018 and 2032
2. Latin America Explosives Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Latin America Explosives Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Latin America Explosives Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Latin America Explosives Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Latin America Explosives Historical Market: Breakup by Country (USD Billion), 2018-2023
7. Latin America Explosives Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Major Exporting Countries by Value
9. Major Importing Countries by Value
10. Major Exporting Countries by Volume
11. Major Importing Countries by Volume
12. Latin America Explosives Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate volume of 1.48 million tonnes.
The market is expected to grow at a CAGR of 5.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a volume of around 2.34 million tonnes by 2032.
The major drivers of the market include increasing demand for mining, expansion of the construction sector, and availability of a wide range of explosives.
The key Latin America explosives market trends include rising focus on safety and regulations by governments in the region regarding usage of explosives, advancements of militaries of various countries, and development of new technologies for explosives.
The various countries in the explosives market in Latin America are Brazil, Argentina, Mexico, Chile, and Colombia, among others.
The leading types of explosives in the market include ANFO (Ammonium Nitrate Fuel Oil), RDX (Research Department Explosive), TNT (Trinitrotoluene), PETN (Pentaerythritol Tetranitrate), HMX (High Melting Explosive), and dynamite, among others.
The major players in the market, according to the report, are AEL Mining Services Ltd., Sasol Limited, BME - Bulk Mining Explosives, ENAEX S.A., Yara International ASA, Orica Limited, Chemring Group PLC, Austin Powder, Incitec Pivot Ltd., and MAXAMCORP HOLDING, SL, among others.
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