Industrial Explosives Market by Type (Blasting Agent, High Explosives, Low Explosives), Category (Bulk Explosives, Packaged Explosives), Application - Global Forecast 2024-2030

Industrial Explosives Market by Type (Blasting Agent, High Explosives, Low Explosives), Category (Bulk Explosives, Packaged Explosives), Application - Global Forecast 2024-2030


The Industrial Explosives Market size was estimated at USD 8.83 billion in 2023 and expected to reach USD 9.28 billion in 2024, at a CAGR 5.15% to reach USD 12.55 billion by 2030.

The industrial explosives market comprises the production, sale, and application of various explosive materials utilized in the construction, mining, quarrying, and oil & gas exploration sectors. Industrial explosives, including dynamite, ammonium nitrate fuel oil (ANFO), water gel explosives, emulsion explosives, and other specialized products, are designed for maximum efficiency and safety in controlled detonations for breaking rock formations and demolishing structures. Increasing global infrastructural development projects, rising demand from the mining industry due to growing consumption of precious gold metals, expanding coal production for energy generation, and urbanization-led construction activities propelled the market growth. Technological advancements resulting in safer and cost-effective explosive solutions and supportive government policies promoting sustainable mining practices generated the demand for industrial explosives. However, stringent regulatory norms governing the production, transportation, storage, and use of explosive materials to ensure safety and prevent accidents are limitations and challenges that affect the industrial explosives market. Investing in eco-friendly alternatives, such as advanced blasting agents, can significantly reduce greenhouse gas emissions during detonation. Additionally, implementing digital technologies, such as smart and integrated blasting systems greatly enhances operational control and improves safety measures, fostering strategic collaborations between key players in the industry, facilitating the development of novel products, and expanding market presence.

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1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rising growth of construction and infrastructure development activities
5.1.1.2. Government Initiatives for expanding mine and rare earth metal extraction
5.1.2. Restraints
5.1.2.1. Environmental impact of industrial explosives
5.1.3. Opportunities
5.1.3.1. Advancements in formulations and incorporation of smart industrial explosives
5.1.3.2. Strategic partnerships for product deployment and geographic expansion
5.1.4. Challenges
5.1.4.1. Concerns associated with worker safety and explosive handling
5.2. Market Segmentation Analysis
5.2.1. Type: Blasting agents preferably utilized in large-scale quarrying, tunneling, coal mining operations, and road construction projects
5.2.2. Category: Exploring the versatility and precision of bulk and packaged explosives in mining and construction
5.2.3. Application: Innovation from major manufacturers targeting specific construction and mining industries
5.3. Market Trend Analysis
5.3.1. Navigating the rise of industrial explosives in the Americas coupled with increasing mining activities and technological innovations
5.3.2. Expansion of the infrastructure and mining sector and government support for manufacturing of industrial explosives in the APAC region
5.3.3. Strategic partnerships for supplying industries explosives for large-scale mining and construction activities across EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis
6. Industrial Explosives Market, by Type
6.1. Introduction
6.2. Blasting Agent
6.3. High Explosives
6.4. Low Explosives
6.5. Specialty Explosives
7. Industrial Explosives Market, by Category
7.1. Introduction
7.2. Bulk Explosives
7.3. Packaged Explosives
8. Industrial Explosives Market, by Application
8.1. Introduction
8.2. Construction
8.3. Defense
8.4. Energy Industry
8.5. Fireworks Manufacturing
8.6. Mining
8.7. Quarrying
9. Americas Industrial Explosives Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Industrial Explosives Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Industrial Explosives Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
12.3.1. SBL Energy Secures INR 325 Crore Investment to Fuel Expansion and Innovation in Industrial Explosives Sector
12.3.2. MHI and Orica Forge Partnership to Propel Renewable Hydrogen and Ammonia Initiatives in Decarbonization Effort
12.3.3. GOCL Corporation Secures Monumental INR 766 Crore Contract with Coal India for Explosives Supply (2023-2025)
12.3.4. Orica's Integration of Advanced EBS with Blaster 3000 for Superior Precision and Efficiency
12.3.5. AECI Mining Secures Major Explosives Contract to Boost Papua New Guinea's Mining Sector
12.3.6. Orica and Fertiberia Unite to Launch Low-Carbon TAN in Europe, Middle East, and Africa
12.3.7. VeryOne Acquires EPC Groupe's UK-Based 2-EHN Cetane Improver Facility amid Global Market Challenges
12.3.8. Austin Powder Revolutionizes Industry with Launch of Lead-Free Detonators
12.3.9. Orica Unveils Revolutionary 4D Bulk Explosives for Precision Underground Blasting
13. Competitive Portfolio
13.1. Key Company Profiles
13.2. Key Product Portfolio
FIGURE 1. INDUSTRIAL EXPLOSIVES MARKET RESEARCH PROCESS
FIGURE 2. INDUSTRIAL EXPLOSIVES MARKET SIZE, 2023 VS 2030
FIGURE 3. GLOBAL INDUSTRIAL EXPLOSIVES MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. GLOBAL INDUSTRIAL EXPLOSIVES MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. GLOBAL INDUSTRIAL EXPLOSIVES MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. INDUSTRIAL EXPLOSIVES MARKET DYNAMICS
FIGURE 7. GLOBAL INDUSTRIAL EXPLOSIVES MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 8. GLOBAL INDUSTRIAL EXPLOSIVES MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. GLOBAL INDUSTRIAL EXPLOSIVES MARKET SIZE, BY CATEGORY, 2023 VS 2030 (%)
FIGURE 10. GLOBAL INDUSTRIAL EXPLOSIVES MARKET SIZE, BY CATEGORY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. GLOBAL INDUSTRIAL EXPLOSIVES MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 12. GLOBAL INDUSTRIAL EXPLOSIVES MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS INDUSTRIAL EXPLOSIVES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS INDUSTRIAL EXPLOSIVES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES INDUSTRIAL EXPLOSIVES MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES INDUSTRIAL EXPLOSIVES MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC INDUSTRIAL EXPLOSIVES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC INDUSTRIAL EXPLOSIVES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL EXPLOSIVES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL EXPLOSIVES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. INDUSTRIAL EXPLOSIVES MARKET SHARE, BY KEY PLAYER, 2023
FIGURE 22. INDUSTRIAL EXPLOSIVES MARKET, FPNV POSITIONING MATRIX, 2023

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