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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 Size

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.

 

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.

 

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

 

*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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