Global and Chinese Industrial Detonator Industry Report, 2011-2021
An industrial detonators is a compact device used to safely initiate and control the performance of larger explosive charges. Industrial detonators contain relatively sensitive high explosives which chemically, mechanically, or electrically initiated. All detonators contain components that can be initiated by sufficient impact, heat, friction or electrical energy. These characteristics make them the most dangerous explosive products in industrial application and they must be stored, transported, handled and used according to set procedures, specified in codes and regulations.
The global industrial detonator market size is estimated to grow from USD 885.99 million in 2015 to USD 808.07 million by 2021, at an estimated CAGR of -1.57% between 2015 and 2021. With regards to this, key players of industrial detonator industry are expected to find potential opportunities in this market.
Worldwide, *** million units industrial detonator have been produced in the year 2015, while China attributes close to 59.81% of the world production, Asia-Pacific close to 14.15%, and North America 10.07%. Coal mines accounts for 32.01% of all industrial detonator consumption, compared to 24.03% for metal mines and 20.50% for non-metal mines.
The global industrial detonator market report profiles some of the key technological developments in the recent times. It also profiles some of the leading players in the market and analyzes their key strategies. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. The major players in the global industrial detonator market are Orica, Yunnan Civil Explosive, Dyno Nobel, AEL, North Special Energy, Solar Industries India, Maxam, Nanling, Shanxi Huhua, and Poly Explosives Group.