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Sub-Saharan African Mining Chemicals and Explosives Market
Frost & Sullivan, March 2011, Pages: 129
The research service analyzes the Sub-Saharan Africa mining chemicals and mining explosives market. The study focuses on Ghana, Namibia and Tanzania. A South African overview is given for mining chemicals used in the gold and PGMs along with mining explosives market. Key challenges, market drivers, and restraints facing market participants are provided. The research service gives an analysis of the industry best practices. The processing and refining chemicals markets for the focus countries are analyzed. Supply chain analyses are provided for the focus countries. The research service provides a financial analysis of some major global mining corporations. This study concludes by providing strategic recommendations for market participants.
This research service titled Sub-Saharan African Mining Chemicals and Explosives Market provides comprehensive insight into the total Sub-Saharan African mining chemicals and explosives market. It examines industry challenges and market drivers and restraints and determines their impact on future demand. Total market revenues and revenue forecasts are provided for major product segments in four major countries in the region. The research assesses the competitive structure and distribution channels, identifies the key success factors for suppliers and offers strategic recommendations. In this research, Frost & Sullivan's analysts focus on mining chemicals and explosives used for the major minerals mined in South Africa, Ghana, Namibia and Tanzania.
Market Overview
Technological Advances Drive Market Prospects
Detonating systems offer the best opportunity for technological innovation for companies involved in supplying mining explosives. Bulk and packaged explosives do not have a high level of differentiation. End users of mining explosives have largely transitioned from using cord detonating systems to using shock tube systems. Usage of detonating systems, which are more efficient, enables better overburden heave and fragmentation. Electronic delay detonators are the latest innovation in the detonating systems market. As the technology is relatively new, there has not yet been significant adoption of the technology by end users.
Planned expansions by different chemical and explosive companies within Sub-Saharan Africa are expected to drive the supply of products in the region. Moreover, the establishment of new mines in the region will provide a growth opportunity for suppliers of mining explosives and chemicals. “Safety is a top priority for participants in the mining industry,” notes the analyst of this research. “In addition to the increased efficiency offered by using shock tube detonating systems in place of cord systems, the main driver of market growth has been the need for safer blasting.” In the times when cord detonating systems were used, control of the blast process was not as well coordinated. The introduction of electronic detonating systems has led to an increase in blast efficiency and safety in the usage of mining explosives.
Strengthened Product and Service Provision Critical for Suppliers to Gain Competitive Edge
Mining chemicals and explosives supplied into Sub-Saharan Africa face competition from relatively less expensive imports from Asian countries such as China. Such competition presents a challenge for suppliers of chemicals to the mining sector. Technological advancements will further challenge suppliers of mining chemicals and explosives. “Activity in the mining industry is dependent on trends in the global commodity market with the result that all other sectors which are linked to the mining industry are, in turn, subjected to fluctuations in the mining industry,” comments the analyst. “The recent economic downturn underlines this fact as shown by the slump in commodity prices which led to a negative impact on margins for mining chemicals and explosives manufacturers.”
Suppliers of mining chemicals and explosives are set to be more competitive if they have an integrated supply chain. Having control of the raw material sources for the manufacturing process enables manufacturers to have access to critical inputs and prevent bottlenecks in the production system.. “Many mining houses have opted to establish long term fixed contracts for supply of mining chemicals and explosives,” remarks the analyst. “The suppliers of these commodities, accordingly, need to strengthen their product and service provision in order to establish themselves in the mining sector.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following countries in this research:
- South Africa
- Tanzania
- Namibia
- Ghana
By Product:
- Mining explosives
- Mining chemicals
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