Industrial Explosives Market 2022 to 2027 - Top Companies Overview, Size, Analysis, Industry Share and Forecast

The latest research study "Industrial Explosives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global industrial explosives market reached a value of US$ 7.22 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.08 Billion by 2027, exhibiting a CAGR of 5.54% during 2022-2027.

COVID-19 Impact on Market: (Positive Impact)

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Industry Definition and Application:

Industrial explosives represent highly hazardous blasting agents that are manufactured from the combination of hydrogen, carbon, oxygen, and nitrogen. When ignited efficiently, they transform into gases at high temperature and pressure for detonation, which causes rock fragmentation. Industrial explosives assist in eliminating toxic gas production and reducing labor costs as well as the time required for safe and efficient mining, thereby optimizing commercial operations. Consequently, they are extensively used in the quarrying, mining, and construction industry after their assessment based on several parameters, including storage life, the velocity of detonation (VOD), density, water resistance, etc. Presently, industrial explosives are commercially available in slurries, ammonium nitrate fuel oil (ANFO), emulsions, and water gel explosive types.

Global Industrial Explosives Market Trends and Drivers:

The rising number of mining activities and the escalating demand for coal and various rare earth metals, including gold, bauxite, iron, ore, silver, surface minerals, etc., across numerous industrial verticals are primarily driving the industrial explosives market. Additionally, the widespread product adoption in open-pit mining, tunnel construction, infrastructure development projects, etc., is further catalyzing the market growth.

Besides this, the introduction of semi-automated explosive delivery systems that aid in executing safer and more efficient underground mine blasting procedures in the deeper deposits is acting as another significant growth-inducing factor. Moreover, the growing investments in R&D activities for mass production of the product variants to optimize drilling, blasting, and downstream operations, are anticipated to fuel the industrial explosives market over the forecasted period.

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Global Industrial Explosives Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these top key players include:

AECI Limited, Austin Powder Company, EPC Groupe, Incitec Pivot limited, Irish Industrial Explosives Limited, Keltech Energies Ltd., NOF Corporation, Orica Limited, Sigdo Koppers S.A. and Solar Industries India Limited.

The report has segmented the market on the basis of region, Type and End Use Industry.

Breakup by Type:
• High Explosives
• Blasting Agents
o Ammonium Nitrate Fuel Oil (ANFO)
o Water Gel Explosives
o Emulsions
o Nitrogen Explosives
o Others

Breakup by End Use Industry:
• Mining
o Metal Mining
o Non-metal Mining
o Quarrying
• Construction
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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