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Industrial Explosives Market by Type and End-use Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5118793
  • Report
  • April 2020
  • Region: Global
  • 260 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • AECI Ltd.
  • Austin Powder Company
  • Explosives Ltd.
  • Irish Industrial
  • Keltech Energies Ltd.
  • Maxam Corp.
The global industrial explosives market was valued at $7.1 billion in 2019, and is projected to reach $10.9 billion by 2027, growing at a CAGR of 5.5% from 2020 to 2027.



Industrial explosives are high hazard blasting explosives primarily used in the mining, quarrying, and construction industries. When initiated efficiently, it rapidly gets converted into gases at high pressure and temperature. This process of initiation of industrial explosives is known as detonation and leads to rock fragmentation. One liter of explosive can expand up to 1,000 liters within milliseconds, and can attain a temperature range of 1500-4000°C. Industrial explosives can blast a larger amount of area as compared to conventional mechanical drills when deployed for the same task, thereby reducing excavation time and saving labor costs.

The growth of the global industrial explosives is driven by rise in demand for minerals, coal, and rare earth metals, such as gold and silver, which are present inside the earth crust. Moreover, increase in use of industrial explosives in the construction industry for tunneling and other applications along with rise in inclination of construction professionals toward the use of industrial explosives to save time and labor costs is fueling the growth of the market. Furthermore, initiatives by governments of various economies to tap rich underground mineral resources to achieve higher GDP drives market growth. Currently, the global industrial explosives market has witnessed vivid opportunities due to increase in mining activities, especially in developing economies across the globe.

However, fluctuating prices of ammonia and implementation of stringent regulations on the storage and transportation of industrial explosives are expected to act as a restraints of the global market. Moreover, high initial costs required for the manufacture of industrial explosives hampers market growth.

The global industrial explosives market is segmented into explosive type, end-use industry, and region. On the basis of explosive type, the market is fragmented into high explosives and blasting agents. The blasting agents segment is further divided into ANFO, water gel explosives, emulsion explosives, nitrogen explosives, and others. By end-se industry, the global market is categorized into mining, construction, and others (seismic wave generations and oil fields). Mining is subsegmented into metal mining, non-metal mining, and quarrying. Region wise, the industrial explosives market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major companies profiled in this report are AECI Ltd., Austin Powder Company, EPC Groupe, Incitec Pivot limited, Irish Industrial, Explosives Ltd., Keltech Energies Ltd., Maxam Corp., NOF Corporation, Orica Ltd., Sigdo Koppers S.A., and Solar Industries India Ltd.

KEY BENEFITS FOR STAKEHOLDERS
  • Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
  • The major countries across four major regions have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.
  • The profiles of key players along with their key strategic developments are enlisted in the report.

KEY MARKET SEGMENTS

By Type
  • High Explosives
  • Blasting Agents
  • Ammonium Nitrate Fuel Oil (ANFO)
  • Water Gel Explosives
  • Emulsions
  • Nitrogen Explosives
  • Others (Slurries)

By End-use Industry
  • Mining
  • Metal Mining
  • Non-metal Mining
  • Quarrying
  • Construction
  • Others

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Russia
  • Germany
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • Japan
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Chile
  • Peru
  • South Africa
  • Rest of LAMEA
Frequently Asked Questions about the Global Industrial Explosives Market

What is the estimated value of the Global Industrial Explosives Market?

The Global Industrial Explosives Market was estimated to be valued at $7.1 billion in 2019.

What is the growth rate of the Global Industrial Explosives Market?

The growth rate of the Global Industrial Explosives Market is 5.5%, with an estimated value of $10.9 billion by 2027.

What is the forecasted size of the Global Industrial Explosives Market?

The Global Industrial Explosives Market is estimated to be worth $10.9 billion by 2027.

Who are the key companies in the Global Industrial Explosives Market?

Key companies in the Global Industrial Explosives Market include AECI Ltd., Austin Powder Company, EPC Groupe Inc.tec Pivot limited, Irish Industrial, Explosives Ltd., Keltech Energies Ltd., Maxam Corp., NOF Corporation and Sigdo Koppers S.A..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AECI Ltd.
  • Austin Powder Company
  • Explosives Ltd.
  • Irish Industrial
  • Keltech Energies Ltd.
  • Maxam Corp.

Chapter 1: Introduction
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
1.5. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings of the Study
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Porter’S Five Forces Analysis
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Increase in Mineral Extraction Activities
3.4.1.2. Upsurge in Demand for Industrial Explosives in Open Pit Mining
3.4.1.3. Rise in Tunnel Construction and Development Projects
3.4.2. Restraints
3.4.2.1. Increase in Natural Gas Prices
3.4.2.2. Limitations in Transportation and Storage
3.4.3. Opportunity
3.4.3.1. Government Initiatives in Mining Sector
Chapter 4: Industrial Explosives Market, by Type
4.1. Overview
4.1.1. Market Size and Forecast
4.2. High Explosives
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis, by Country
4.3. Blasting Agents
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Size and Forecast, by Type
4.3.3.1. Ammonium Nitrate Fuel Oil (Anfo)
4.3.3.1.1. Market Size and Forecast for Anfo, by Region
4.3.3.2. Water Gel Explosives
4.3.3.2.1. Market Size and Forecast for Water Gel Explosives, by Region
4.3.3.3. Emulsions
4.3.3.3.1. Market Size and Forecast for Emulsions, by Region
4.3.3.4. Nitrogen Explosives
4.3.3.4.1. Market Size and Forecast for Nitrogen Explosives, by Region
4.3.3.5. Others (Slurries)
4.3.3.5.1. Market Size and Forecast for Other Blasting Agents, by Region
4.3.4. Market Analysis, by Country
Chapter 5: Industrial Explosives Market, by End-Use Industry
5.1. Overview
5.2. Mining
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast
5.2.2.1. Metal Mining
5.2.2.2. Nonmetal Mining
5.2.2.3. Quarrying
5.2.2.4. Market Size and Forecast for Mining, by Application
5.2.3. Market Analysis, by Country
5.3. Construction
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast
5.3.3. Market Analysis, by Country
5.4. Others
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast
5.4.3. Market Analysis, by Country
Chapter 6: Industrial Explosives Market, by Region
6.1. Overview
6.1.1. Market Size and Forecast
6.2. North America
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Type
6.2.3. Market Size and Forecast, by Blasting Agent
6.2.4. Market Analysis, by End-Use Industry
6.2.5. Market Analysis, by Country
6.2.6. U. S.
6.2.6.1. Market Size and Forecast, by Type
6.2.6.2. Market Size and Forecast, by End-Use Industry
6.2.7. Canada
6.2.7.1. Market Size and Forecast, by Type
6.2.7.2. Market Size and Forecast, by End-Use Industry
6.2.8. Mexico
6.2.8.1. Market Size and Forecast, by End-Use Industry
6.3. Europe
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Type
6.3.3. Market Size and Forecast, by Blasting Agent
6.3.4. Market Size and Forecast, by End-Use Industry
6.3.5. Market Analysis, by Country
6.3.6. Russia
6.3.6.1. Market Size and Forecast, by Type
6.3.6.2. Market Size and Forecast, by End-Use Industry
6.3.7. Germany
6.3.7.1. Market Size and Forecast, by Type
6.3.7.2. Market Size and Forecast, by End-Use Industry
6.3.8. UK
6.3.8.1. Market Size and Forecast, by Type
6.3.8.2. Market Size and Forecast, by End-Use Industry
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast, by Type
6.3.9.2. Market Size and Forecast, by End-Use Industry
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Type
6.4.3. Market Size and Forecast, by Blasting Agent
6.4.4. Market Size and Forecast, by End-Use Industry
6.4.5. Market Analysis, by Country
6.4.6. China
6.4.6.1. Market Size and Forecast, by Type
6.4.6.2. Market Size and Forecast, by End-Use Industry
6.4.7. India
6.4.7.1. Market Size and Forecast, by Type
6.4.7.2. Market Size and Forecast, by End-Use Industry
6.4.8. Japan
6.4.8.1. Market Size and Forecast, by Type
6.4.8.2. Market Size and Forecast, by End-Use Industry
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast, by Type
6.4.9.2. Market Size and Forecast, by End-Use Industry
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, by Type
6.5.3. Market Size and Forecast, by Blasting Agent Type
6.5.4. Market Size and Forecast, by End-Use Industry
6.5.5. Market Analysis, by Country
6.5.6. Brazil
6.5.6.1. Market Size and Forecast, by Type
6.5.6.2. Market Size and Forecast, by End-Use Industry
6.5.7. Chile
6.5.7.1. Market Size and Forecast, by Type
6.5.7.2. Market Size and Forecast, by End-Use Industry
6.5.8. Peru6.5.8.1. Market Size and Forecast, by Type
6.5.8.2. Market Size and Forecast, by End-Use Industry
6.5.9. South Africa
6.5.9.1. Market Size and Forecast, by Type
6.5.9.2. Market Size and Forecast, by End-Use Industry
6.5.10. Rest of LAMEA
6.5.10.1. Market Size and Forecast, by Type
6.5.10.2. Market Size and Forecast, by End-Use Industry
Chapter 7: Competitive Landscape
7.1. Introduction
7.1.1. Market Player Positioning, 2018
7.2. Top Winning Strategies
7.2.1. Top Winning Strategies, by Year
7.2.2. Top Winning Strategies, by Development
7.2.3. Top Winning Strategies, by Company
7.3. Product Mapping of Top 10 Players
7.4. Competitive Heatmap
7.5. Key Developments
7.5.1. Expansions
7.5.2. Mergers and Acquisition
7.5.3. Other Developments
Chapter 8: Company Profiles
8.1. Aeci Ltd.
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Product Portfolio
8.1.5. Business Performance
8.1.6. Key Strategic Moves and Developments
8.2. Austin Powder Company
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Product Portfolio
8.3. Epc Groupe
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.4. Product Portfolio
8.3.5. Business Performance
8.3.6. Key Strategic Moves and Developments
8.4. Incitec Pivot Limited
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Product Portfolio
8.4.5. Business Performance
8.5. Irish Industrial Explosives Ltd.
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Product Portfolio
8.6. Keltech Energies Ltd.
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Product Portfolio
8.6.5. Business Performance
8.7. Maxamcorp. International Sl
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Product Portfolio
8.7.4. Business Performance
8.7.5. Key Strategic Moves and Developments
8.8. Nof Corporation
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.5. Product Portfolio
8.8.6. Business Performance
8.9. Orica Ltd.
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Product Portfolio
8.9.5. Business Performance
8.9.6. Key Strategic Moves and Developments
8.10. Sigdo Koppers S. A.
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Product Portfolio
8.10.5. Business Performance
8.10.6. Key Strategic Moves and Developments
8.11. Solar Industries India Ltd.
8.11.1. Company Overview
8.11.2. Company Snapshot
8.11.3. Operating Business Segments
8.11.4. Product Portfolio
8.11.5. Business Performance
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AECI Ltd.
  • Austin Powder Company
  • Explosives Ltd.
  • Irish Industrial
  • Keltech Energies Ltd.
  • Maxam Corp.
According to the report titled, ' Industrial Explosives Market By Type and By End-use Industry: Opportunity Analysis and Industry Forecast, 2019-2027', the global industrial explosives market was valued at $7.1 billion in 2019, and is projected to reach $10.9 billion by 2027, growing at a CAGR of 5.5% from 2020 to 2027.

Industrial explosives are high hazard blasting agents used for quarrying, mining, and construction activities. As industrial explosives yield higher torque, they are widely used by tunneling companies across the globe. Industrial explosives are either deflagrated or detonated. Deflagration of industrial explosives refers to the explosion caused due to a flame, where as 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, where as explosives that are deflagrated are known as blasting agents or low explosives.

Increase has been witnessed in the demand for industrial explosives especially blasting agents such as ammonium nitrate fuel oil (ANFO), emulsions, and slurries along with upsurge in use of explosives as an alternative to mechanical machines used in tunneling and construction activities. These factors are expected to drive the growth of the global industrial explosives market. Moreover, initiatives by governments of various economies to tap rich underground mineral resources to achieve pace in the ever-growing competition and upsurge in GDP are some of the key driving factors of the market. Furthermore, increase in percapita disposable income boosts the demand for precious metals such as gold and silver, the extraction of which involves intense mining, there by fueling the overall demand for industrial explosives across the globe. In addition, rise in demand for earth minerals, such as bauxite, iron ore, and coal from various industries such as automotive, thermal, and chemicals coupled with increase in inclination of construction professionals toward the use of industrial explosives to save time and labor costs fuels the growth of the global industrial explosives market. However, fluctuation in prices of raw materials such as ammonia, high initial costs required for manufacturing industrial explosives, enforcement of stringent regulations on the storage & transportation of industrial explosives are some of the key factors hampering the growth of the market.

On the basis of explosive type, the market is segmented into high explosives and blasting agents. The blasting agents segment is further divided into ANFO, water gel explosives, emulsion explosives, nitrogen explosives, and others. ANFO accounted for more than half of the global industrial explosives market share by explosive type, due to its stability, as ANFOs are sensitive to mechanical impacts during mechanical loading to shot-holes.

Depending on end-use industry, the global industrial explosives market is categorized into mining, construction, and others (seismic wave generations and oil fields). Mining is subsegmented into metal mining, non-metal mining, and quarrying. The mining industry accounted for the largest market share, and is expected to exhibit highest growth during the forecast period, owing to increase in global mining activities along with preference of industrial explosives over mechanical drilling.

Region wise, the industrial explosives market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to garner the highest share of the total industrial explosives market size during the forecast period, due to expansion of mining and construction sector in the region, which augments the demand for more mineral resources, there by boosting the growth of the industrial explosives market. Infrastructural developments such as construction of dams are anticipated to offer remunerative opportunities to the market growth during the forecast period.

Key Findings Of The Study

The industrial explosives material market is projected to grow at a CAGR of nearly 5.5%, in terms of revenue, during the forecast period.
The mining end-use industry is anticipated to witness moderate growth rate of 5.6%, in terms of revenue, during the forecast period.
Asia-Pacific dominated the industrial explosives market with a revenue share of over 42.74% in 2019.
The blasting agents segment is anticipated to witness moderate growth rate of 5.6%, in terms of revenue, during the forecast period.

The key players operating in the global industrial explosives market include AECI Ltd., Austin Powder Company, EPC Groupe, Incitec Pivot limited, Irish Industrial, Explosives Ltd., Keltech Energies Ltd., Maxam Corp., NOF Corporation, Orica Ltd., Sigdo Koppers S.A., and Solar Industries India Ltd.
Note: Product cover images may vary from those shown
  • AECI Ltd.
  • Austin Powder Company
  • EPC Groupe Inc.tec Pivot limited
  • Irish Industrial
  • Explosives Ltd.
  • Keltech Energies Ltd.
  • Maxam Corp.
  • NOF Corporation
  • Orica Ltd.
  • Sigdo Koppers S.A.
  • Solar Industries India Ltd
Note: Product cover images may vary from those shown

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.

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