The global demand for Mining Explosives Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Mining explosives are a class of chemicals used for drilling, blasting, and breaking rocks during the mining operation. Different types of explosives with different compositions and performance properties are available. The most used explosives in recent years are ammonium nitrate fuel oil-based blends. A mining operation utilizes various explosives for detonation, fracturing, drilling, and blasting of rocks. The volume of explosives needed for a single mining operation depends on the mining method, rock type, and hardness. Generally, a very minimal amount of explosive is used to increase productivity, reduce costs, and improve environmental performance through better energy efficiency. Storage, import, export, test, manufacture, and selling of mining explosives must abide by the standards and regulations set by the Explosives Act (EA).
Increased investments by government and private organizations to explore the rich mineral resources worldwide is the primary driving force for this market’s growth. Rapid urbanization and increasing infrastructure developments will further propel the market growth. The growing use of metals across various end-user industries will surge the demand for mining explosives in the metal ore excavation. Mining explosives used in other applications like oil and gas extraction, mineral mining for metallurgical industry, quarrying, and tunnel construction will be a market booster. The challenges faced by this market are higher costs involved during production and usage and complying with the regulatory standards.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of mining explosives.
The entire mining explosives market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Ammonium Nitrate Explosives (Powder Form)
- Emulsion Explosives
- ANFO (Ammonium Nitrate/Fuel Oil)
- Quarrying & Non-Metal Mining
- Metal Mining
- Coal Mining
This section covers regional segmentation which accentuates on current and future demand for mining explosives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Mining Explosives Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the mining explosives market include Orica Limited, Dyno Nobel Inc., AEL Mining Services Limited, Sasol Limited, The Austin Company, Bulk Mining Explosives (Pty) Ltd., ENAEX S.A., NOF Corporation, Solar Explosives, EPC United Kingdom Plc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.