This Persistence Market Research report examines the Latin America industrial explosives market for the forecast period 2016-2022. The primary objective of the report is to identify opportunities in the market and present updates and insights pertaining to various segments of the Latin America industrial explosives market.
Industrial explosives are used in various end-use industries to reduce human labor and are primarily used in mining and construction activities. The mining industry is the largest end-use industry segment in the industrial explosives market. Growth in the industrial explosives market is largely co-related to GDP growth of respective countries.
To understand and assess opportunities in this market, the report is categorically divided into three main market analysis sections, i.e., by product type, by end-use industry, and by country. The report analyses the Latin America industrial explosives market in terms of market value (US$ Mn) and volume (metric tons).
The report begins with an overview of the Latin America industrial explosives market, appraising the market performance in terms of revenue and volume, followed by PMR’s analysis of key trends, drivers, and restraints witnessed in the Latin America industrial explosives market. Impact analysis of key growth drivers and restraints based on the weighted average model are also included in the report to equip the client with crystal-clear, decision-making insights.
The subsequent section analyses the industrial explosives market as per product type, and presents a forecast for the period 2016?2022.
Product type assessed in the report are:
The report further analyses the market based on country and presents the forecast in terms of value for the next six years.
Countries assessed in the report are:
The report further analyses the market based on end-use industry and presents the forecast in terms of value and volume for the next six years.
To calculate the market size, the report considers various aspects based on secondary research. Furthermore, data points such as country-wise split and market split by application and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated by the Latin America industrial explosives market between 2016 and 2022.
When developing the market forecast, the starting point begins with sizing up the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, PMR triangulates the data via a different analysis based on the supply side, demand side, and dynamics of the industrial explosives market. However, quantifying the market across the above-mentioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating economy in Latin America, we not only conduct forecasts in terms of CAGR but also analyse on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities.
Another key feature of this report is the analysis of the industrial explosives market by country product type and end-use industry, and the corresponding revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective, in the Latin America industrial explosives market.
To understand key segments in terms of their growth and performance in the industrial explosives market, Persistence Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the Latin America Industrial explosives market.
In the final section of the report, the industrial explosives market competitive landscape is included to provide a dashboard view of companies that manufacture and supply industrial explosives. The report contains company profiles of some of the major players operating in the Latin America industrial explosives market.
Industrial explosives are used in activities such as mining, construction, and quarrying. They can blast larger amount of land than other mechanical drills deployed for the same task. Industrial explosives, for example, ANFO, is formed by mixing 96% ammonium nitrate with 6% fuel oil (used in their initiation) to achieve certain properties in the end product.
Industrial explosives market is indirectly related to the GDP of various countries of Latin America due to their widespread application in mining, earthmoving and construction activities. Due to a surge in the manufacturing of explosives in Chile and Peru, the industrial explosives market in the region is estimated to expand at a CAGR of 7.6% over 2016–2022 in terms of revenue. With an anticipated increase in manufacturing in Chile in the coming years, demand for industrial explosives in the country is expected to increase between 2016 and 2022. Some major factors driving the Latin America industrial explosives market are increasing mining activities, construction of tunnels and roads, and initiatives by governments in the region to tap rich mineral resources underground.
Persistence Market Research, in its report titled, “Industrial explosives Market: Latin America Industry Analysis and Forecast, 2016-2022”, has categorized the industrial explosives market into key segments based on product type, end-use industry, and countries. On the basis of product type segment, the Latin America industrial explosives market is divided into two segments: high explosives and blasting agents. On the basis of end-use industry, the Latin America industrial explosives market is divided into mining, construction, and others. Mining segment further consists of three sub-segments: metal mining, non-metal mining, and quarrying. Finally, on the basis of countries, the Latin America industrial explosives market is segmented into Brazil, Chile, Peru, Colombia, Argentina, Mexico, and rest of Latin America.
The industrial explosives market in Brazil is expected to expand at a CAGR of 6.6% in terms of volume during the forecast period. The country is expected to account for a volume share of around 15.7% of the Latin America industrial explosives market by the end of 2022. In terms of value, Chile is expected to account for a major value share of the Latin America industrial explosives market during the forecast period.
By product type, blasting agents segment in the Latin America industrial explosives market is slated to expand at the fastest CAGR during the forecast period in terms of volume. The growth of this segment is primarily driven by the increase in run time, high stability, and ease of transportation. In terms of market value, high explosives segment is expected to expand at a CAGR of 6.6% during the forecast period.
Some of the market players featured in this report include: