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The Latin America explosives market 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.
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.
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.
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
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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