Global Explosives Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.

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Global Explosives Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.

June 28
20:26 2022
Global Explosives Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.
Global Explosives Market Report and Forecast 2021-2026
Global Explosives Market To Be Driven By Rising Mining Industry In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘Global Explosives Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global explosives market, assessing the market based on its segments like end uses and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): 16.7 million metric tons
  • Forecast CAGR (2021-2026): 4.25%
  • Forecast Market Size (2026): 21.4 million metric tons

North America leads the way in terms of explosives industry, followed by Australia and Europe. Key players such as Orica and Dyno Nobel lead the market, accounting for nearly half of the supply share. These firms are among the largest explosives suppliers to the world’s main mining nations, including Australia and North America. End use industries such as steel, metal, quarrying, and non-metal significantly contribute to the industry’s development. Metal mining is Africa’s most significant end use industry, with more than half of the market share, in terms of consumption. In the forecast period, the market for explosives is expected to increase steadily in the area.

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Industry Definition and Major Segments

Explosives are instruments or compounds that are reactive when they contain a large amount of spreading gas. They produce a tremendous amount of potential energy that, when released unexpectedly, has the potential to combust in a very brief period of time, usually followed by heat or pressure. The contents of these explosives could be mechanical, chemical, or radioactive in nature.

Explosives find their end uses in:

  • Coal Mining
  • Metal Mining
  • Quarrying and Non-Metal
  • Construction
  • Others

The regional markets for the product include:

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • The Middle East and Africa

Market Trends

The explosives sector is aided by the growth of the mining industry. The explosives industry is benefiting from the rising coal, metals, quarrying, and non-metals industries, as well as the building industry. The industry’s growth is being fuelled by rising demand from the end-use industry, especially for coal. High-quality, low-ash, and low-sulphur coal are expected to drive explosives industry development even further, especially in Australia. The explosives industry has grown in response to rising commodity demand as well as increased mineral supply. The reduction in ore grades has resulted in increased exploration activities, which has accelerated the industry’s growth.

Key Market Players

The major players in the market are Enaex S.A., Yara International, Orica Limited., Dyno Nobel, AEL Intelligent Blasting, Sasol, Maxam Corp., and Austin Powder Company, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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