
Industrial Explosives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
Description
Industrial Explosives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The latest survey conducted by Fairfield Market Research reveals that the global industrial explosives market is currently valued at US$ 12.32 Billion in 2024. It is anticipated to experience robust growth with a CAGR of 8.64% during the period from 2024 to 2031. By the end of the forecast period, the market is expected to achieve a valuation of US$ 22 Billion.
Key Growth Drivers:
1. Roadways Construction and Urban Development Projects:
• The rapid expansion of transportation infrastructure is essential for economic growth, both in urban areas and remote border regions.
• Increasing efforts by countries to construct tunnels, roadways, and railways, even in challenging terrains, are driving growth.
• Significant growth in tunnel-making activities, particularly for railways and roadways, is boosting demand for industrial explosives.
• For instance, India inaugurated the world's longest highway tunnel in 2021, spanning 9.02 km at an elevation of 10,000 feet above sea level.
2. Government Initiatives in Mining:
• Governments in developing nations, including China, India, Mexico, and Brazil, are focusing on the mining sector, which contributes significantly to their GDP.
• Efforts to tap into unexplored mineral resources are being made to promote economic growth.
• Central and Western African nations are expected to witness increased mining output.
• For example, the Peruvian government invested approximately US$ 62 billion in mining projects in 2015 to enhance mineral extraction capacity, particularly for zinc, copper, and gold.
Factors Affecting Growth:
1. Environmental Regulations:
• Industrial explosives can emit harmful gases like carbon dioxide and nitric oxide and are made of dangerous compounds.
• Stringent regulations governing the usage and storage of industrial explosives have been implemented by governments worldwide.
• For instance, the Peruvian government mandated an Environmental Impact Declaration (DIA) in 2014, requiring mining and mineral exploration companies to outline the use of explosives and their environmental impact.
Country-wise Insights:
1. China - Dominant Player:
• China, the world's largest coal and metal producer, is witnessing rapid growth in its construction industry.
• Increased mining activities and infrastructure development are driving demand for industrial explosives.
• The Chinese market is expected to dominate East Asia and account for approximately three-fourths of the market share in the region.
2. India - High Demand for Coal Mining:
• India, a prominent player in South Asia, is the largest shareholder in the industrial explosives market.
• The country's coal mining and quarry sectors are experiencing high demand, leading to increased exploration activities.
• With rapid industrialization and infrastructure development, India's industrial explosives market is poised for healthy growth.
3. U.S. - Construction and Mining Boost:
• In the United States, the construction sector is a significant consumer of industrial explosives.
• Government initiatives in construction and development projects are driving demand.
• The U.S. is experiencing widespread mining activities, further fueling market growth.
Competitive Landscape:
The industrial explosives market is competitive and primarily led by international companies offering cost-effective raw materials. While competition exists, some companies are focusing on niche segments within the market. It is dominated by a select few major producers.
Key Companies Profiled:
• Orica Limited
• NOF Corporation
• Enaex S.A.
• African Explosives Limited
• Dyno Nobel
• Exsa S.A.
• Maxam corp Holdings
• Austin Powder Company
• Irish Industrial Explosives Ltd
• Ideal Industrial Explosives Limited
• Sichuan Yahua Industrial Group Co., Ltd
• BME Mining
• Solar Industries
• LSB INDUSTRIES
• Eurenco S.A.
Industrial Explosives Market Segmentation
By Type:
• Bulk Explosives
• Packaged Explosives
By End Use:
• Mining
Metal mining
Coal Mining
Quarry & Non- Metal Mining
• Construction
By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa
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Table of Contents
297 Pages
- 1. Executive Summary
- 1.1. Global Industrial Explosives Market Snapshot
- 1.2. Future Projections
- 1.3. Key Market Trends
- 1.4. Regional Snapshot, by Value, 2023
- 1.5. Analyst Recommendations
- 2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
- 2.3. Value Chain Analysis
- 2.4. Porter’s Five Forces Analysis
- 2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
- 2.6. Impact of Ukraine-Russia Conflict
- 2.7. Economic Overview
- 2.7.1. World Economic Projections
- 2.8. PESTLE Analysis
- 3. Production Output and Trade Statistics, 2018-2023
- 3.1. Global Industrial Explosives, Production Output, by Region, 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa
- 4. Price Trend Analysis, 2018-2023,
- 4.1. Key Highlights
- 4.2. Global Average Price Analysis, by Type/ End Use, US$ per Unit
- 4.3. Prominent Factors Affecting Industrial Explosives Prices
- 4.4. Global Average Price Analysis, by Region, US$ per Unit
- 5. Global Industrial Explosives Market Outlook, 2018 – 2031
- 5.1. Global Industrial Explosives Market Outlook, by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 5.1.1. Key Highlights
- 5.1.1.1. Bulk Explosives
- 5.1.1.2. Packaged Explosives
- 5.2. Global Industrial Explosives Market Outlook, by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 5.2.1. Key Highlights
- 5.2.1.1. Mining
- 5.2.1.1.1. Metal mining
- 5.2.1.1.2. Coal Mining
- 5.2.1.1.3. Quarry & Non- Metal Mining
- 5.2.1.2. Construction
- 5.3. Global Industrial Explosives Market Outlook, by Region, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 5.3.1. Key Highlights
- 5.3.1.1. North America
- 5.3.1.2. Europe
- 5.3.1.3. Asia Pacific
- 5.3.1.4. Latin America
- 5.3.1.5. Middle East & Africa
- 6. North America Industrial Explosives Market Outlook, 2018 – 2031
- 6.1. North America Industrial Explosives Market Outlook, by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 6.1.1. Key Highlights
- 6.1.1.1. Bulk Explosives
- 6.1.1.2. Packaged Explosives
- 6.2. North America Industrial Explosives Market Outlook, by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 6.2.1. Key Highlights
- 6.2.1.1. Mining
- 6.2.1.1.1. Metal mining
- 6.2.1.1.2. Coal Mining
- 6.2.1.1.3. Quarry & Non- Metal Mining
- 6.2.1.2. Construction
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
- 6.3. North America Industrial Explosives Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 6.3.1. Key Highlights
- 6.3.1.1. U.S. Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 6.3.1.2. U.S. Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 6.3.1.3. Canada Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 6.3.1.4. Canada Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
- 7. Europe Industrial Explosives Market Outlook, 2018 – 2031
- 7.1. Europe Industrial Explosives Market Outlook, by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.1.1. Key Highlights
- 7.1.1.1. Bulk Explosives
- 7.1.1.2. Packaged Explosives
- 7.2. Europe Industrial Explosives Market Outlook, by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.2.1. Key Highlights
- 7.2.1.1. Mining
- 7.2.1.1.1. Metal mining
- 7.2.1.1.2. Coal Mining
- 7.2.1.1.3. Quarry & Non- Metal Mining
- 7.2.1.2. Construction
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
- 7.3. Europe Industrial Explosives Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.3.1. Key Highlights
- 7.3.1.1. Germany Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.3.1.2. Germany Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.3.1.3. U.K. Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.3.1.4. U.K. Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.3.1.5. France Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.3.1.6. France Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.3.1.7. Italy Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.3.1.8. Italy Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.3.1.9. Turkey Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.3.1.10. Turkey Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.3.1.11. Russia Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.3.1.12. Russia Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.3.1.13. Rest of Europe Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.3.1.14. Rest of Europe Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
- 8. Asia Pacific Industrial Explosives Market Outlook, 2018 – 2031
- 8.1. Asia Pacific Industrial Explosives Market Outlook, by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 8.1.1. Key Highlights
- 8.1.1.1. Bulk Explosives
- 8.1.1.2. Packaged Explosives
- 8.2. Asia Pacific Industrial Explosives Market Outlook, by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 8.2.1. Key Highlights
- 8.2.1.1. Mining
- 8.2.1.1.1. Metal mining
- 8.2.1.1.2. Coal Mining
- 8.2.1.1.3. Quarry & Non- Metal Mining
- 8.2.1.2. Construction
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
- 8.3. Asia Pacific Industrial Explosives Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 8.3.1. Key Highlights
- 8.3.1.1. China Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 8.3.1.2. China Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 8.3.1.3. Japan Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 8.3.1.4. Japan Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 8.3.1.5. South Korea Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 8.3.1.6. South Korea Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 8.3.1.7. India Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 8.3.1.8. India Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 8.3.1.9. Southeast Asia Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 8.3.1.10. Southeast Asia Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 8.3.1.11. Rest of Asia Pacific Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 8.3.1.12. Rest of Asia Pacific Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
- 9. Latin America Industrial Explosives Market Outlook, 2018 – 2031
- 9.1. Latin America Industrial Explosives Market Outlook, by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 9.1.1. Key Highlights
- 9.1.1.1. Bulk Explosives
- 9.1.1.2. Packaged Explosives
- 9.2. Latin America Industrial Explosives Market Outlook, by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 9.2.1.1. Mining
- 9.2.1.1.1. Metal mining
- 9.2.1.1.2. Coal Mining
- 9.2.1.1.3. Quarry & Non- Metal Mining
- 9.2.1.2. Construction
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
- 9.3. Latin America Industrial Explosives Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 9.3.1. Key Highlights
- 9.3.1.1. Brazil Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 9.3.1.2. Brazil Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 9.3.1.3. Mexico Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 9.3.1.4. Mexico Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 9.3.1.5. Argentina Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 9.3.1.6. Argentina Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 9.3.1.7. Rest of Latin America Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 9.3.1.8. Rest of Latin America Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis
- 10. Middle East & Africa Industrial Explosives Market Outlook, 2018 – 2031
- 10.1. Middle East & Africa Industrial Explosives Market Outlook, by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 10.1.1. Key Highlights
- 10.1.1.1. Bulk Explosives
- 10.1.1.2. Packaged Explosives
- 10.2. Middle East & Africa Industrial Explosives Market Outlook, by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 10.2.1. Key Highlights
- 10.2.1.1. Mining
- 10.2.1.1.1. Metal mining
- 10.2.1.1.2. Coal Mining
- 10.2.1.1.3. Quarry & Non- Metal Mining
- 10.2.1.2. Construction
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
- 10.3. Middle East & Africa Industrial Explosives Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 10.3.1. Key Highlights
- 10.3.1.1. GCC Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 10.3.1.2. GCC Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 10.3.1.3. South Africa Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 10.3.1.4. South Africa Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 10.3.1.5. Egypt Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 10.3.1.6. Egypt Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 10.3.1.7. Nigeria Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 10.3.1.8. Nigeria Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 10.3.1.9. Rest of Middle East & Africa Industrial Explosives Market by Type, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 10.3.1.10. Rest of Middle East & Africa Industrial Explosives Market by End Use, Value (US$ Bn) & Volume (Units), 2018 – 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis
- 11. Competitive Landscape
- 11.1. Industry vs End Use Heatmap
- 11.2. Manufacturer vs End Use Heatmap
- 11.3. Company Market Share Analysis, 2023
- 11.4. Competitive Dashboard
- 11.5. Company Profiles
- 11.5.1. Orica Limited
- 11.5.1.1. Company Overview
- 11.5.1.2. Product Portfolio
- 11.5.1.3. Financial Overview
- 11.5.1.4. Business Strategies and Development
- 11.5.2. Exsa S.A.
- 11.5.2.1. Company Overview
- 11.5.2.2. Product Portfolio
- 11.5.2.3. Financial Overview
- 11.5.2.4. Business Strategies and Development
- 11.5.3. Dyno Nobel/Incitec Pivot Limited
- 11.5.3.1. Company Overview
- 11.5.3.2. Product Portfolio
- 11.5.3.3. Financial Overview
- 11.5.3.4. Business Strategies and Development
- 11.5.4. Eurenco SA
- 11.5.4.1. Company Overview
- 11.5.4.2. Product Portfolio
- 11.5.4.3. Financial Overview
- 11.5.4.4. Business Strategies and Development
- 11.5.5. NOF Corp.
- 11.5.5.1. Company Overview
- 11.5.5.2. Product Portfolio
- 11.5.5.3. Financial Overview
- 11.5.5.4. Business Strategies and Development
- 11.5.6. Enaex S.A.
- 11.5.6.1. Company Overview
- 11.5.6.2. Product Portfolio
- 11.5.6.3. Financial Overview
- 11.5.6.4. Business Strategies and Development
- 11.5.7. AEL Mining Services Ltd./ AECI Group
- 11.5.7.1. Company Overview
- 11.5.7.2. Product Portfolio
- 11.5.7.3. Financial Overview
- 11.5.7.4. Business Strategies and Development
- 11.5.8. Maxamcorp Holding Sl
- 11.5.8.1. Company Overview
- 11.5.8.2. Product Portfolio
- 11.5.8.3. Financial Overview
- 11.5.8.4. Business Strategies and Development
- 11.5.9. Austin Powder Company
- 11.5.9.1. Company Overview
- 11.5.9.2. Product Portfolio
- 11.5.9.3. Financial Overview
- 11.5.9.4. Business Strategies and Development
- 11.5.10. Irish Industrial Explosives Ltd.
- 11.5.10.1. Company Overview
- 11.5.10.2. Product Portfolio
- 11.5.10.3. Financial Overview
- 11.5.10.4. Business Strategies and Development
- 11.5.11. Ideal Industrial Explosives Limited
- 11.5.11.1. Company Overview
- 11.5.11.2. Product Portfolio
- 11.5.11.3. Financial Overview
- 11.5.11.4. Business Strategies and Development
- 11.5.12. Sichuan Yahua Industrial Group Co., Ltd.
- 11.5.12.1. Company Overview
- 11.5.12.2. Product Portfolio
- 11.5.12.3. Financial Overview
- 11.5.12.4. Business Strategies and Development
- 11.5.13. Solar Industries
- 11.5.13.1. Company Overview
- 11.5.13.2. Product Portfolio
- 11.5.13.3. Financial Overview
- 11.5.13.4. Business Strategies and Development
- 11.5.14. LSB Industries
- 11.5.14.1. Company Overview
- 11.5.14.2. Product Portfolio
- 11.5.14.3. Financial Overview
- 11.5.14.4. Business Strategies and Development
- 11.5.15. BME Mining
- 11.5.15.1. Company Overview
- 11.5.15.2. Product Portfolio
- 11.5.15.3. Financial Overview
- 11.5.15.4. Business Strategies and Development
- 12. Appendix
- 12.1. Research Methodology
- 12.2. Report Assumptions
- 12.3. Acronyms and Abbreviations
Pricing
Currency Rates
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