While it makes up only a small part of the overall chemicals sector, the Explosives Manufacturing industry remains a pivotal part of the sector. The industry's stagnation over the past five years is a result of mixed demand from downstream consumers of industry products. As demand for coal declined steadily from 2012 to 2016, coal industries needed fewer explosives to mine. However, demand for explosives from construction industries has increased. Despite this recent stagnation, industry revenue is expected to increase over the five years to 2022. After struggling due to lack of demand, downstream markets are expected to stabilize and grow modestly, helping industry revenue rebound. Nevertheless, the industry must contend with the uncertainty surrounding the future of domestic coal mining.
Operators in this industry manufacture explosives, blasting agents and oxidizers. Industry manufacturers may also be involved in the production of blasting accessories, such as blasting and detonating caps, fuses and cords. This industry does not manufacture pyrotechnics, ammunition, ammunition detonators or percussion caps.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.