Industrial Explosives Market Projected to Gain Significant Value by 2024

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.

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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.

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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.

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This release was published on openPR.