Industrial Explosives Market Global Opportunity Analysis and Industry Forecast 2022 - AEL Mining Services, Orica, EXSA S.A, Enaex S.A.,, MAXAM Corp, Austin Powder Company, Hubei Kailong Chemical Group, Solar Industries India, Dyno Nobel

Industrial explosives are generally high hazard blasting agents usually used for quarrying, mining, and construction activities. As industrial explosives yield higher torque, they are widely used by tunnelling companies across the globe. Industrial explosives are either deflagrated or detonated. Deflagration of industrial explosives refers to the explosion caused due to a flame, whereas detonation is caused due to an explosive shock wave traversing through the explosive. After explosion, industrial explosives produce a strong torque accompanied by heat, light, sound, and pressure. Explosives that detonate are called high explosives, whereas explosives that are deflagrated are known as blasting agents or low explosives. Industrial explosives possess various properties such as toxicity, volatility, high density, brisance, stability, and sensitivity among others.

Top Companies Covered in this Report:
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

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The market for industrial explosives has considerably increased in the recent past, due to increasing government initiatives to tap rich mineral resources present deep inside the earth as well as growing mining and construction activities. The world industrial explosives market is expected to reach a market value of $15,888 million by 2022 from $10,180 million in 2015, registering a CAGR of 6.7% during 2016-2022.

There is an increase in the demand for industrial explosives especially blasting agents such as ANFO, emulsions, and slurries coupled with upsurge in the use of explosives as an alternative to mechanical machines used in tunnelling and construction activities. These factors are in turn expected to drive the growth of the world industrial explosives market. Moreover, increase in the extraction activities of minerals from the earth's crust is another major factor driving the market. Furthermore, increase in per-capita disposable income is a key element driving the demand for precious metals such as gold and silver, the extraction of which involves intense mining; thereby fuelling the overall demand for industrial explosives across the globe. Rising demand for earth minerals, such as bauxite, iron ore, and coal from various industries such as automotive, thermal, and chemicals coupled with increasing inclination of construction professionals towards the use of industrial explosives to save time and labour costs fuels the growth of the world industrial explosives market. However, fluctuating prices of ammonia, high initial costs required for manufacturing industrial explosives along with stringent regulations on the storage and transportation of industrial explosives are some of the key factors hampering the growth of the market.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type       
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Industrial Explosives Market Size
2.2 Industrial Explosives Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Industrial Explosives Market Size by Manufacturers
3.2 Industrial Explosives Key Players Head office and Area Served
3.3 Key Players Industrial Explosives Product/Solution/Service
3.4 Date of Enter into Industrial Explosives Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Industrial Explosives Sales by Product
4.2 Global Industrial Explosives Revenue by Product
4.3 Industrial Explosives Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Industrial Explosives Breakdown Data by End User

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This release was published on openPR.