Press release
Latin America industrial explosives market is projected to reach ~US$ 1.5 Bn by the end of 2029
latin-america-industrial-explosives-market
Increasing depth of underground mining activities and an ascending number of tunnel construction and road development projects are expected to drive the demand for industrial explosives in Latin America. The regional economy heavily relies on the mining sector for development which warrants healthy investments in mining and quarrying industries, thereby pushing the market growth.
Rapid transition from open-pit mining to underground mining, and growing preference for blasting agents over conventionally used mechanical drills in tunneling activities are some of the factors anticipated to drive the demand growth of industrial explosives in this region during the forecast period. However, challenges posed by raw material prices on a higher side and stringent government regulations on the use of industrial explosives are expected to remain key barriers to rapid market growth in the foreseeable future.
Request For Report Sample@ https://www.persistencemarketresearch.com/samples/9893
Blasting Agents Remain Sought-after
Mining is one of the primary economic growth contributors in several Latin American countries. Flourishing mining sector in countries like Brazil, Peru, Mexico, and Argentina is expected to create healthy demand for industrial explosives in the Latin American region. Government and mining firms in these countries are focusing on tapping on major mineral resources through mining and quarrying to drive the economic growth of the respective countries in order to enhance and maximize development. For instance, in January 2015, the government of Peru invested approximately US$ 62 Bn on mining projects to increase the extraction capacity of minerals including zinc, copper, and gold. Such initiatives by local governments are anticipated to drive the growth of the industrial explosives market in the region.
Request Report Methodology@ https://www.persistencemarketresearch.com/methodology/9893
Blasting agents are anticipated to witness significantly higher demand as compared to high explosives in the industrial explosives market. The segment is also estimated to grow at a higher CAGR over the forecast period, owing to the high demand from infrastructural projects and mineral extraction activities in the region. In terms of end use, the mining segment is anticipated to account for over 80% of the total demand for industrial explosives in terms of volume, throughout the forecast period.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/9893
Some of the market players featured in this report include:
AEL Mining Services Ltd.
Enaex
Orica Limited
Austin International
EXSA SA
MAXAM
Get similar report for Reference @
https://www.persistencemarketresearch.com/market-research/electronic-board-level-underfill-and-encapsulation-material-market.asp
CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Latin America industrial explosives market is projected to reach ~US$ 1.5 Bn by the end of 2029 here
News-ID: 2164582 • Views: …
More Releases from Persistance Market Research
Haircare Tools Market to Reach US$ 40.12 Bn by 2032, Growing at a CAGR of 5.6% - …
Introduction
The global haircare tools market has been experiencing steady expansion, driven by evolving beauty standards, rising personal grooming awareness, and rapid innovation in hair styling technologies. Haircare tools-including hair dryers, straighteners, curlers, trimmers, and styling brushes-have become essential components of daily grooming routines for both men and women across urban and semi-urban regions.
➤ Download Your Free Sample & Explore Key Insights: https://www.persistencemarketresearch.com/samples/35642
With increasing disposable income, growing influence of social media…
Rain Boots Market Valued at US$ 1.8 Bn in 2025, Set to Reach US$ 2.4 Bn by 2032 …
Introduction
The global rain boots market has been witnessing steady and resilient growth, supported by rising awareness of foot protection, increasing urbanization, and changing weather patterns across regions. Rain boots-designed to provide waterproof protection, durability, and comfort-are no longer limited to agricultural or industrial use. Today, they are widely adopted for everyday commuting, outdoor recreation, fashion wear, and professional applications in construction, fisheries, and sanitation services.
➤ Download Your Free Sample &…
Cosplay Clothing Market Set for Steady Growth Through 2032
Introduction
The global cosplay clothing market has witnessed steady and sustained growth over the past decade, driven by the rising popularity of anime, manga, video games, fantasy films, comic conventions, and pop culture fandoms across all age groups. Cosplay-short for "costume play"-has evolved from a niche subculture into a mainstream creative and commercial industry. Enthusiasts increasingly invest in high-quality costumes to accurately portray fictional characters from movies, television series, animation, comics,…
DNA/RNA Extraction Machine Market to Grow at 7.2% CAGR Through 2031, Says Persis …
The global DNA/RNA extraction machine market is poised for significant expansion, fueled by the rise of molecular diagnostics, the genomics boom, and increasing investments in biomedical research. These machines serve a critical role in isolating and purifying nucleic acids from various biological samples, forming the foundation for downstream applications like PCR, sequencing, and diagnostics.
In 2024, the DNA/RNA extraction machine market is estimated at US$1.4 billion, with forecasts projecting growth…
More Releases for Latin
Latin America Smart Packaging Market
The research report "Latin America Smart Packaging Market: By Technology Type ((Modified Atmosphere Packaging (MAP), Active Packaging, Intelligent Packaging (IP)), End User Type (Food & Beverages, Personal Care, Healthcare, Automotive), and Geography- Global/Region/Country Forecast to 2028. Latin America smart packaging market is anticipated to grow at a CAGR rate of x% during the forthcoming years 2022-2028.
View the detailed report description here - https://precisionbusinessinsights.com/market-reports/latin-america-smart-packaging-market/
Changes in lifestyle patterns foster the…
Latin America Energy Drinks Market
El nuevo estudio de Informes de Expertos titulado 'Mercado Latinoamericano de Bebidas Energizantes, Informe y Pronostico 2022-2027′, presenta una evaluacion exhaustiva del mercado, analizandolo segun el tipo de producto, canal de distribucion y las regiones importantes. La investigacion rastrea las tendencias mas recientes en el mercado y examina sus efectos sobre los principales factores de exito y restricciones. Ademas, evalua la dinamica del mercado y realiza analisis FODA y Cinco…
Latin America Electroceuticals Market
Latin America registers the significant growth of the electroceutical market during the forecast period especially in the countries including Brazil, Mexico among others, attributing to various driving factors. The growing prevalence of ischemic heart disease, age-related and other hearing loss, and epilepsy is creating demand for electroceuticals, thereby, anticipated to drive the growth of electroceuticals market in Latin America. As per the Institute for Health Metrics and Evaluation, in…
A Game Changer for Latin America? Shale Experts Analyse the Future of Unconventi …
Shale experts recently gathered in Buenos Aires to examine the potential impact of shale oil and gas resources in the Latin America region and globally. The CWC Summit was hosted in partnership with YPF and Y-TEC, and delegations in attendance included Chevron, Shell, Total, Schlumberger, Emerson and Halliburton, amongst others.
The welcoming address was delivered by Gonzalo Lopez Nardone, head of institutional relations for YPF and the opening address was given…
Successful launch for DISTREE Latin America
SAO PAULO, PARIS, LONDON, DUBAI, and MOSCOW – The inaugural DISTREE Latin America took place earlier this month at the Sofitel Jequitimar Hotel in Sao Paulo State, Brazil. More than 300 delegates attended DISTREE Latin America 2011, including representatives from approximately 50 vendors looking to launch, build or manage channels within the region.
“It is always an exciting moment to launch a new DISTREE event in a dynamic market such…
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale…
