Global Industrial Explosives Market Analysis By Type of Explosives (Powder, Emulsion, Dynamite, & Permissible Explosives), By Materials Used (Plastic, Black Powder, Pellet Powder, Fuse Lighters, & Others), By End-Use Industry (Metal Mining, Quarrying, Constustion) - Industry Forecast 2017-2030

Market Overview

Industrial Explosives are high hazard blasting explosives primarily used in the mining, quarrying and construction industry. Various sectors of an economy are highly dependent upon the energy and construction of infrastructure, which is available from exploding the mines and quarries using industrial explosives. Blasting is used in both open pits and also in underground mining operations. The developing countries such as India and China are spending heavily on the construction of roads, railways and other infrastructure facilities which requires the industrial explosives to make way. Coal is used to produce 41% of the world's electricity needs and 29% total world energy supply. Industrial explosives need concrete management plan for its storage and handling along with the various explosives permit requirement.

The growth of industrial explosives can be anticipated by the growth in mining and quarrying activities and technological advancements such as during the past two decades, ANFO (Ammonium Nitrate Fuel Oil), a powder explosive, whose formulations have gone through numerous innovations to improve its performance, shelf life, specific energy, porosity, density and water resistance.

Market Segmentation

By Type of Explosives

• Powder Explosives
• Emulsion Explosives
• Dynamite Explosives
• Permissible Explosives ( DBT I category, DBT II category)

By Materials Used

• Plastic Explosives
• Black Powder
• Pellet Powder
• Blasting Caps
• Safety Fuse
• Fuse Lighters
• Detonating Cord
• Smokeless Propellant
• Boosters

By End-Use Industry

• Metal Mining
• Non-Metal Mining
• Quarrying
• Construction
• Special Purposes (military, geological surveys)

Based on Geography

• North America (U.S. & Canada)  industrial explosives market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2030)
• Latin America (Brazil, Mexico, Argentina & Rest of Latin America)  industrial explosives market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2030)
• Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE)  industrial explosives market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2030)
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)  industrial explosives market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2030)
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA)  industrial explosives market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2030)

Market Share by Types & Geography

On the basis of type of explosives, More than 90% of the explosive and blasting agent formulations generally used are the powder explosives based on ammonium nitrate and fuel oil mixture (ANFO) because of advantages of ANFO to safety, economy, and ease of handling when compared to dynamite (nitroglycerine (NG) based) explosives. Metal mining has the largest share of 38.3% in the application of industrial explosives.

Based on geography, Asia-Pacific has largest market share in industrial explosives market of 16.8% share owing to the largest producer of coal, and other mature mines which accounts for the largest number of industrial explosives application. Latin America is the opportunistic market and had 8.2% market share due to the gradual rise in the quarrying industry for the increasing number of infrastructure and housing developments which has increased the demand of the minerals extraction.

Trends, Drivers & Challenges to Market Growth

According to the report, there is a trend of rising number of underground construction sites for road tunnel and railways construction which are using the industrial explosives to make way. 

The major driving factor for the growth of industrial explosives market is the rising government initiative towards supply of more power thus increasing mining & construction events. The developing regions such as Latin America and Asia-Pacific are now focusing more towards commercialization of the extraction of rare earth minerals along with increasing aggregate spending on the construction and infrastructure activities such as road and railways development, tunneling projects, housing developments and improving transportation services.    

Further, the major challenge for the industrial explosives market is the excessive use of explosives at a mine site that can result in damages to the rock structures and leading to unwanted caving and large increases in support costs.

Key Players

Global industrial explosives market report comprises of the following companies as the key players in the industrial explosives market: AEL Mining Services, Orica Ltd., EXSA S.A., Enaex S.A., MAXAM Corp., Austin Powder Company, Hubei Kailong Chemical Group Co., Ltd, Solar Industries India Limited, Dyno Nobel, and Davey Bickford.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Covered in This Industrial explosives Market Report

The report covers the present ground scenario and the future growth prospects of the industrial explosives market for 2017-2030 along with the global data of demand and supply of industrial explosives. We calculated the market size and revenue share on the basis of revenue generated from major players and number of companies registered for the various explosive permits.

Industrial explosives market outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the industrial explosives market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global industrial explosives market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

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Key questions answered in this Global Industrial explosives Market Report

• What is the total market size by 2024 and what would be the expected growth rate?
• What is the revenue of industrial explosives market in 2015-16 and what would be the expected demand over the forecasted period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who all are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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