Industrial Explosives Market

In a new report on the global industrial explosives market, Persistence Market Research analysts have observed a key trend that leading market players are strategically increasing their capacities worldwide through plant expansion and new plant installations mainly in the Asia Pacific, Latin America and MEA regions to serve the growing regional demand for industrial explosives. This newly published report by Persistence Market Research titled “Industrial Explosives Market: Global Industry Analysis and Forecast, 2016-2024,” for the projected period of eight years also focuses on the market approach and analysts have come to a conclusion that manufacturers are directing their efforts towards launching value-added products. The main objective of the report is to identify dynamics in the market and provide recent updates and insights pertaining to various segments of the global industrial explosives market. To provide a better understanding of the market, the report also includes an analysis of drivers, restraints, and trends that are likely to influence the global industrial explosives market over the forecast period. The report discusses both the qualitative and quantitative aspects of the global industrial explosives market.  

Report Structure 

To understand and assess market opportunities and trends, the global industrial explosives market report is categorically split into different sections based on product type, end-use industries, and regions. The report starts with a market overview and provides market definition and taxonomy along with value chain, region wise pricing analysis, drivers, restraints, and trends in the market. The sections that follow include global industrial explosives market analysis – by product type, end-use industry, and regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the market. Each section discusses the qualitative and quantitative aspects of the global industrial explosives market. To give a brief idea about revenue opportunities from the type, end-use industry and region/country-wise segments, the report also provides volume (metric tons) data, absolute $ opportunity, and total incremental opportunity for each segment over the forecast period (2016-2024). The final section of the report provides a detailed competition landscape with company market share and performance, in order to provide report audiences with a dashboard view of key players operating in the global industrial explosives market along with their business strategies. This section is intended to enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly. 

Market Segmentation

• By Type
  • High Explosives
  • Blasting Agents
• By End-Use Industry
  • Metal Mining
  • Non-Metal Mining
  • Quarrying
  • Construction
  • Others
• By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Research Methodology

For market data analysis, the analysts have considered 2015 as the base year, with market numbers are estimated for 2016 and a comprehensive forecast made for 2017–2024. To calculate the market size, the report considers the weighted average price of industrial explosives across key geographies based on the type of explosives such as high explosives and blasting agents. The forecast assesses the total revenue (US$ Mn) as well as volume (Metric Tons) of the global industrial explosives market. To deduce market volume size, consumption of industrial explosives has been considered. In order to provide an accurate forecast, the analysts have sized up the current market, which forms the basis of how the global industrial explosives market is likely to develop in the future. Critical market data, including the base number and segmental splits, has been devised through in-depth secondary research. This data is then triangulated on the basis of different verticals, considering both supply side and demand side drivers and other dynamics of the various regional markets, along with primary interviews of manufacturers and industry experts operating in the global industrial explosives market. The forecast presented in the report evaluates the actual consumption of industrial explosives and expected consumption in the global industrial explosives market over the forecast period.

The analysts have also analyzed the different segments of the global industrial explosives market in terms of basis point share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying the various key trends governing the global industrial explosives market. The report also analyzes the global industrial explosives market based on absolute dollar opportunity. This is usually overlooked while estimating the market forecast. However, from a sales perspective, it is essential to identify the absolute dollar opportunity of a market to identify potential resources. Persistence Market Research has also developed a unique market attractiveness index to understand the key segments on the basis of their performance and growth in the global industrial explosives market. This market attractiveness index would help clients to identify real market opportunities in the global industrial explosives market.

The Asia Pacific region is anticipated to account for a major share in the overall market value of the global industrial explosives market 

By value, Asia Pacific is slated to account for a major share in the global industrial explosives market and is expected to dominate the global industrial explosives market throughout the forecast period. The region is estimated to account for a share of more than 40% in the overall market by 2024 end, registering a CAGR of 6.3% during 2016-2024. The APAC region is expected to represent incremental $ opportunity of more than US$ 2,000 Mn between 2016 and 2024. A steady growth in coal production, especially in India coupled with growing construction spending are two of the key growth driving factors in the industrial explosives market in the region during the projected period. By market share, anticipated incremental opportunity and forecast CAGR, China is expected to be relatively more attractive in the overall APAC industrial explosives market during the predicted period. In terms of CAGR, India is estimated to be the most lucrative country in the APAC industrial explosives market during the period of forecast. 

Increasing infrastructure and construction spending is expected to drive growth of mining and allied industries, thereby fueling demand for industrial explosives

Growing construction and mining activities in developing regions such as Asia Pacific are expected to fuel the growth of the global industrial explosives market. Countries in Asia Pacific such as India and Indonesia are focusing on increasing their infrastructure and construction spending. Moreover, the quarrying industry is anticipated to witness steady growth in the APAC region owing to increasing demand for sand and stone from the construction industry. A growing number of housing and infrastructure projects and enhancement of public transportation facilities including railways and roadways is expected to result in significant investment towards tunneling and road development projects in countries such as India. This, in turn, is expected to fuel the demand for industrial explosives in the APAC region.

Mining and exploration companies are channelizing investment towards extracting minerals from underground mines and are deploying advanced technologies in order to extract mineral-rich resources at deeper levels. A growing number of relatively mature mines coupled with ever growing stringent regulations is expected to drive the growth in underground mining in APAC. For instance, in 2016, the Indian government announced an investment of more than US$ 100 Mn towards underground coal mines. Anticipated growth in coal-fired power generation in APAC is also predicted to drive growth in the consumption of industrial explosives in the region. With rising urbanization, there has been a substantial increase in demand for power to meet the energy requirements of the growing population. Sustained efforts towards increasing the adoption of renewable and cleaner sources of power generation are expected to gather momentum over the projected period. In Asia Pacific, India is expected to continue to witness steady growth in the consumption of coal for power generation, and this is creating robust development in the industrial explosives market in APAC.

The APAC industrial explosives market is witnessing high growth opportunity owing to the introduction of technologically advanced products. Key manufacturers of industrial explosives are focusing on product differentiation through innovation by means of investments in research & development, value-added product launches, and exploration of novel applications. Major players are focusing on offering high energy explosives, rock fragmentation explosives and explosives for underwater applications, which is creating a positive impact on the APAC industrial explosives market.

Blasting Agents segment by type and Non-Metal Mining segment by end-use industry are expected to dominate the APAC industrial explosives market during the forecast period

By type, the blasting agents segment is expected to dominate the APAC industrial explosives market throughout the projected period. The blasting agents segment is expected to account for a share of more than 90% in overall market value by 2024 end, registering a CAGR of 6.5% during 2016-2024. By growth, the high explosives segment is anticipated to witness significant growth, registering a CAGR of 4.8% during the period of assessment. By market share, anticipated incremental opportunity and forecast CAGR, the blasting agents segment is expected to be relatively more attractive in the overall APAC industrial explosives market during the speculated period.

By end-use industry, the non-metal mining segment is expected to dominate the APAC industrial explosives market throughout the projected period. The non-metal mining segment is expected to account for a share of close to 60% by 2024 end, registering a CAGR of 6.4% during 2016-2024. The construction segment is anticipated to witness relatively fast growth, registering a CAGR of 7.2% during the predicted period. In terms of market share, anticipated incremental opportunity and forecast CAGR, the non-metal mining segment is expected to be relatively more attractive in the overall APAC industrial explosives market during the predicted period.

Company Profiles

• Orica Limited
• Dyno Nobel Pty Limited/ Incitec Pivot Ltd.
• EURENCO
• NOF Corporation
• IRISH INDUSTRIAL EXPLOSIVES LIMITED
• IDEAL INDUSTRIAL EXPLOSIVES LTD
• Sichuan Yahua Industrial Group Company Limited
• AEL Mining Services Ltd./ AECI Group
• Enaex S.A.
• Maxamcorp Holding S.L.
• Exsa S.A.
• Austin Powder Holdings Company
• Others