Press release
Industrial Explosives Market Analysis Comparative Studies of Key Sectors
Industrial Explosives Market
ππ¨π°π§π₯π¨ππ πππ¦π©π₯π πππ ππ¬ π¨π πππ¬πππ«ππ‘ ππ―ππ«π―π’ππ°: https://www.alliedmarketresearch.com/request-sample/1590
Published by: Allied Market Research
Market Size and Forecast
- 2019 Market Value: $7.1 billion
- 2027 Projected Market Value: $10.9 billion
- CAGR (2020-2027): 5.5%
Key Growth Drivers
- Increased Mineral Extraction: Higher activity in mining operations is driving demand for industrial explosives.
- Demand in Open-Pit Mining: Utilization of industrial explosives for efficient open-pit mining is rising.
- Tunnel Construction Projects: Growth in infrastructure projects, especially tunnels, is contributing to market expansion.
Market Challenges
- Natural Gas Prices: Increasing natural gas prices impact production costs.
- Transportation and Storage: Limitations in these areas restrict market growth.
Opportunities
Government Initiatives: New policies and incentives in the mining sector could create favorable conditions for market players.
Market Segmentation
By Explosive Type
Blasting Agents:
- Market Share (2019): Over 80%
- CAGR (2020-2027): 5.6%
- Usage Benefits: Improved safety, resistance to water, higher detonation velocity, cost efficiency, and lower emissions.
High Explosives: Also analyzed within the report.
By End-use Industry
Mining:
- CAGR (2020-2027): 5.6%
- Market Share (2019): Over 75%
- Applications: Primarily for rock fragmentation in mineral and coal extraction.
Construction and Others: Included in the analysis.
Regional Insights
Asia-Pacific:
- Market Share (2019): Over 40%
- CAGR (2020-2027): 6.5%
- Growth Drivers: Large mineral reserves and rising demand for industrial minerals.
Other Regions: North America, Europe, and LAMEA are also covered in the report.
Leading Market Players
- AECI Ltd.
- EPC Groupe
- Austin Powder Company
- Irish Industrial
- Incitec Pivot Limited
- Keltech Energies Ltd.
- Explosives Ltd.
- NOF Corporation
- Maxam Corp.
- Sigdo Koppers S.A.
- Orica Ltd.
- Solar Industries India Ltd.
- Additional Information
This comprehensive report provides detailed insights into the global industrial explosives market, including current trends, growth factors, and future opportunities, making it essential for stakeholders in the mining and construction sectors.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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