Global Mining Explosives Market Insights 2020 – Industry Overview, Competitive Players & Forecast 2028
Research Reports
May 25, 2022
Global Mining Explosives Market Overview
As per the estimation and research that has been made on the market for the mining explosives, it has been found that the market is showing a potential growth which can be seen by 2028 with USD 15,193.30 CAGR of 6.78% during its forecast timeline 2020–2028.
Explosives are considered to be the reactive mixture that is made from a substance of high energy. It explodes under high temperatures and pressure. The explosives are categorized as high explosive and low explosive as per the rate at which are likely to explode. In the market of global mining explosives, there is an emulsion and packaged explosives have gained traction. Also, mining resource extraction has resulted in the development of the global industry, especially the new player’s emergence.
However, the covid 19 impact has affected and changed all industries and countries across the world. Mining in the Middle East and also in North America is counted as a thriving industry that comes with some promising prospects to do the mining, infrastructure companies and resources. The overall supply chain in Covid 19 has got affected at a great rate and the mining and metal industry average share price has also fallen down by 10% there are also standalone companies which may have lost 50% of the overall market value. This is because of the quarantine conditions and the travel restriction that were imposed at the global level in order to ensure the coronavirus don’t spread. But as the market is opening slowly, there is a hope that soon the supply chain will get back on track and shall make the expected profit during the forecast timespan.
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Mining Explosives Market: Prominent Players
Some of the prominent players in the global mining explosives market include EPC Groupe (France), Hanwa Corp (South Korea), Incitec Pivot Ltd (Australia), Austin Powder Gmbh (Czech Republic), Eurenco SA. (France), Explosia, a.s. (Czech Republic), Nitroerg SA (Poland), BME South Africa (South Africa), Sasol Limited (South Africa), Titanobel (France), Orica Limited (Australia), Yara (Norway), MAXAM (Peru), Nof Corporation (Japan), and Solar Industries India Ltd (India).
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Market Segmentation
As per Type
- Packaged Explosives consist of high water resistance and high strength
- Bulk Explosives helpful for quarrying and mining
- Others like bulk emulsion explosives and cartridge emulsion explosives
- Others: Others include ANFO, ammonium nitrate explosives (powder), bulk emulsion explosives, cartridge emulsion explosives, and others.
As per Application
- Coal Mining is the largest market share
- Metal Mining is the second-largest market share
- Quarry & Non-metal mining consists of sand, rock extraction and chemical grade and gypsum to name some.
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Regional Classification
It is believed that of all the regions, Asia Pacific is known to be holding the share of the market and is likely to witness better growth in the market. This is basically due to the growing activities of coal mining and the industrialization that has been happening at a faster pace. Also, there is a considerable number of infrastructure development and producers along with growing exports that are also playing a huge role. Further North America is also the second large market shareholding due to the different players in the region that are growing along with the innovative technology which is being adopted.
Industry News
Orica in September 2021 launched a technology called 4D bulk explosives at MINExpo in Las Vegas for a huge explosive energy range to be used in mining.
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 17
1.1 MARKET ATTRACTIVENESS ANALYSIS 20
1.1.1 GLOBAL MINING EXPLOSIVES MARKET, BY TYPE 21
1.1.2 GLOBAL MINING EXPLOSIVES MARKET, BY APPLICATION 22
1.1.3 GLOBAL MINING EXPLOSIVES MARKET, BY REGION 23
2 MARKET INTRODUCTION 24
2.1 DEFINITION 24
2.2 SCOPE OF THE STUDY 24
2.3 MARKET STRUCTURE 25
3 RESEARCH METHODOLOGY 26
3.1 RESEARCH PROCESS 26
3.2 PRIMARY RESEARCH 27
3.3 SECONDARY RESEARCH 28
3.4 MARKET SIZE ESTIMATION 29
3.5 TOP-DOWN AND BOTTOM-UP APPROACH 29
3.6 FORECAST MODEL 30
3.7 LIST OF ASSUMPTIONS & LIMITATIONS 31
4 MARKET DYNAMICS 32
4.1 INTRODUCTION 32
4.2 DRIVERS 33
4.2.1 GROWING DEMAND FROM THE COAL INDUSTRY 33
4.2.2 INCREASING MINERAL EXTRACTION ACTIVITY 34
4.2.3 RISING INFRASTRUCTURE ACTIVITIES 34
4.2.4 DRIVERS IMPACT ANALYSIS 35
4.3 RESTRAINTS 36
4.3.1 STRINGENT REGULATORY ENVIRONMENT AND EFFECTS ON HEALTH 36
4.3.2 RESTRAINTS IMPACT ANALYSIS 36
4.4 OPPORTUNITIES 37
4.4.1 PROMISING GROWTH OF THE MINING INDUSTRY IN THE MIDDLE EAST 37
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