Global Mining Explosives Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Mining Explosives Market Overview:
“The global Mining Explosives Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Explosives are high hazardous which are mainly used in the construction and mining industry for blasting purpose. During mining operations, explosives plays important role. Mining operations includes breaking of hard rocks, then digging and to carry them as well. In mining sector explosives can be used extensively for coal mining, mineral exploration, uninterrupted mining, and metal mining. Mining is the most important application area for mining explosives.
Rising demand for dynamite and ammonium nitrate is a major factor driving growth of the global mining explosives market across the globe. In addition, growing mining and metal extraction industries are factors expected to support growth of the target market over the forecast period.
However, increasing infrastructural cost is a factor expected to limit growth of the global mining explosives market over the forecast period.
By application, the global mining explosives market is segmented based on quarrying & non-metal mining, metal mining, and coal mining. The quarrying and non-metal mining segment is expected to register fastest growth rate over the forecast period. This can be attributed to increasing use of mining explosives for developmental projects and tunnel construction globally.
Market in Middle East & Africa accounted for significant revenue share of the target market in terms of revenue contribution as compared to that of markets in other regions owing to, increasing developmental projects coupled with growing mineral extractions activities, in the region. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years. This can be attributed to rising metal, non-metal as well as mining industries in developing countries such as India, China, Japan, among other countries, in the region.
North America accounts for second-highest revenue share contribution to the global market, registering a share of XX.X%, owing to growing metal and mining sector, in the region. The markets in Latin America is expected to register moderate growth rate in the global mining explosives market over the forecast period.
Global Mining Explosives Market Segmentation:
Global mining explosives market segmentation, by type:
- Ammonium nitrate explosives (powder form)
- Emulsion explosives
- ANFO (ammonium nitrate/fuel oil)
Global mining explosives market segmentation, by application:
- Quarrying & non-metal mining
- Metal mining
- Coal mining
Global mining explosives market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Orica Limited
- Dyno Nobel Inc.
- AEL Mining Services Limited
- Sasol Limited
- The Austin Company
- Bulk Mining Explosives (Pty) Ltd.
- ENAEX S.A.
- NOF CORPORATION
- Solar Explosives
- EPC United Kingdom Plc
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