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.
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.
The world industrial explosives market is segmented on the basis of type, end-use industry, and geography. Based on type, the market is classified into high explosives and blasting agents. Blasting agents segment is further sub-segmented into ANFO, emulsions and others. The blasting agents segment dominated the world industrial explosives market in 2014, and is expected to maintain its lead throughout the forecast period. The high explosives segment is anticipated to grow at a significant CAGR of 6.0% over the forecast period. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific occupied more than 40% of the total revenue share in 2015, followed by North America and Europe.
Top players in the market invest huge capital in R&D activities to develop enhanced products to cater to the current demand. Major players in the industrial explosives market are
AEL Mining Services
Austin Powder Company,
Hubei Kailong Chemical Group Co., Ltd,
Solar Industries India Limited,
Dyno Nobel and
The report provides an extensive analysis of the current and emerging market trends and opportunities in the world industrial explosives market.
Comprehensive analysis of factors that drive and restrict the growth of the world industrial explosives market is provided in the report.
Market estimations and forecast provided in this report have been derived by analyzing the factors affecting the growth of the market and future market potential from 2014 to 2022 in terms of value and volume.
Region-specific and country-specific analyses of the market value and volume based on primary as well as secondary sources are comprehensively analyzed in this report.
Competitive intelligence of leading producers and suppliers of the industrial explosives market helps in understanding the competitive scenario across geographies.
Extensive analysis of the market is conducted by following key product positioning, and monitoring the top competitors within the market framework.
The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favourable growth.
The report furnishes key insights on strategic analysis of various companies as well as value chain of industrial explosives.
KEY MARKET SEGMENTS
By Explosive Type
Others (Slurries and Water Gels)
By End-use Industry
Others (Seismic Wave Generation and Oil Fields)
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models
CHAPTER 2. EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVE
CHAPTER 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets, By End-use Industry
3.2.2. Top Investment Pockets, By Geography
3.2.3. Top Winning Strategy
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Bargaining Power of Suppliers
3.3.2. Bargaining Power of Buyers
3.3.3. Threat of New Entrants
3.3.4. Threat of Substitutes
3.3.5. Competitive Rivalry
3.4. MARKET DYNAMICS
188.8.131.52. Increasing mineral extraction activities
184.108.40.206. Increasing demand for industrial explosives in open pit mining
220.127.116.11. Rise in tunnel construction and development projects
18.104.22.168. Increase in raw material prices
22.214.171.124. Limitations in transportation
CHAPTER 4. WORLD INDUSTRIAL EXPLOSIVES MARKET, BY TYPE
4.1.1. Market size and forecast
4.2. HIGH EXPLOSIVES
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.3. BLASTING AGENTS
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast
126.96.36.199. Ammonium Nitrate Fuel Oil (ANFO)
188.8.131.52. Others (slurries and water gels)
CHAPTER 5. WORLD INDUSTRIAL EXPLOSIVES MARKET, BY END USE INDUSTRY
5.1.1. Market size and forecast
5.2.1. Key Market Trends
5.2.2. Key Growth Factors & Opportunities
5.2.3. Market Size & Forecast
184.108.40.206. Metal Mining
220.127.116.11. Non-Metal Mining
5.3.1. Key Market Trends
5.3.2. Key Growth Factors & Opportunities
5.3.3. Market Size & Forecast
5.4. OTHERS (SEISMIC WAVE AND OIL FIELDS)
5.4.1. Key Market Trends
5.4.2. Key Growth Factors & Opportunities
5.4.3. Market Size & Forecast
CHAPTER 6. WORLD INDUSTRIAL EXPLOSIVES MARKET, BY REGION
6.1.1. Market size and forecast
6.2. NORTH AMERICA
6.2.1. Key market trends
6.2.2. Key growth opportunities & developments
6.2.3. Market Size and Forecast
6.3.1. Key market trends
6.3.2. Key growth opportunities & developments
6.3.3. Market size and forecast
6.3.7. Rest of Europe
6.4.1. Key market trends
6.4.2. Key growth opportunities & developments
6.4.3. Market size and forecast
6.4.7. Rest of Asia-Pacific
6.5.1. Key market trends
6.5.2. Key growth opportunities & developments
6.5.3. Market size and forecast
6.5.7. South Africa
6.5.8. Rest of LAMEA
CHAPTER 7. COMPANY PROFILE
7.1. AEL MINING SERVICES
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.2. AUSTIN POWDER COMPANY
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.3. DAVEY BICKFORD
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.4. DYNO NOBEL
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Key Strategic Moves and Developments
7.6. EXSA S.A.
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.7. HUBEI KAILONG CHEMICAL GROUP
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Operating Business Segments
7.8. MAXAMCORP HOLDING, S.L.
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.9. ORICA LIMITED
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.9.4. Business Performance
7.10. SOLAR INDUSTRIES INDIA LTD.
7.10.1. Company Overview
7.10.2. Operating Business Segments
7.10.3. Business Performance
The market for industrial explosives is on a continuous rise due to rapid increase in mining activities, especially in the developing economies globally. Moreover, increase in demand for earth minerals, such as bauxite, iron ore, coal, and rare earth metals, such as gold and silver, is a key factor fueling the market growth. In addition, growth in use of industrial explosives, especially in the construction industry for tunneling and other applications, along with increase in inclination of construction professionals toward the use of industrial explosives to save time and labor costs drive the growth of the market.
Furthermore, initiatives by governments of various economies to tap rich underground mineral resources to achieve pace in the ever-growing competition and higher GDP are some of the factors that accelerate the market growth. However, fluctuating prices of ammonia along with stringent regulations on the storage and transportation of industrial explosives along with high initial costs required for the manufacture of industrial explosives are some of the key factors that hamper the market growth. Moreover, maintenance & aging costs and compliance with quality, specifications, and testing are some major factors that hinder the growth of the market.
In the year 2015, the mining segment occupied around 80% of the overall industrial explosives market revenue and is expected to maintain its lead throughout the forecast period. This is due to increase in investments in mining activities to tap rich mineral resources to fulfil the rise in demand for the same global. Blasting agents dominated high explosives, as they are used in bulk quantities to detonate mines and mountains.
Key Findings of the Industrial Explosives Market
Blasting agents segment is anticipated to grow at the fastest rate during the analysis period.
Asia-Pacific is estimated to continue to lead the market, growing at a CAGR of 5.7% in terms of volume.
China occupied more than one-third of the total share of the Asia-Pacific industrial explosives market in 2015.
India is estimated to grow at the highest CAGR of 8.1% in terms of revenue.
Nonmetal mining end-use industry accounted for half of the mining segment in 2015.
Asia-Pacific and LAMEA collectively accounted for more than half of the market in 2015, and are expected to maintain this trend throughout the forecast period. This is due to the increase in mining and mineral exploration activities due to abundance of rich mineral resources in these regions, especially in China, India, Chile, Peru, Brazil, and others.
Key players in the global industrial explosives market focus on acquiring local players to strengthen their market reach as well as to expand their customer base. Major companies profiled in the report include 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.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.