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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Explosives Market 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.
Latin America Explosives Market Report Snapshots
Latin America Explosives Market Size
Latin America Explosives Market Share
Latin America Explosives Market Analysis
Latin America Explosives Companies
*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.*
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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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