PUBLISHER: IMARC | PRODUCT CODE: 1541807
PUBLISHER: IMARC | PRODUCT CODE: 1541807
Industrial Explosives Market Report by Type (High Explosives, Blasting Agents), End Use Industry (Mining, Construction, and Others), and Region 2024-2032
The global industrial explosives market size reached US$ 8.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.
Industrial explosives refer to highly hazardous blasting agents that are manufactured from the combination of hydrogen, carbon, oxygen, and nitrogen. When ignited efficiently, explosives transform into gases at high pressure and temperature for detonation, which causes rock fragmentation. Industrial explosives aid in eliminating toxic gas production and reducing the labor costs and the time required for safe and efficient mining, thereby optimizing commercial operations. Consequently, industrial explosives are extensively used in the mining, quarrying, and construction industry after their assessment based on various parameters, including density, storage life, the velocity of detonation (VOD), and water resistance. At present, they are commercially available in ammonium nitrate fuel oil (ANFO), slurries, emulsions, and water gel explosive types.
Industrial Explosives Market Trends:
The increasing mining activities and the rising demand for coal and various rare earth metals, including gold, bauxite, iron, ore, silver, and surface minerals across various industrial verticals, are some of the key factors driving the market growth. Moreover, the extensive product utilization in open-pit mining, tunnel construction, and infrastructure development projects is acting as another growth-inducing factor. In line with this, favorable initiatives undertaken by the government bodies of various countries promoting the uptake of industrial explosives for excavating rich, underground mineral resources are further propelling the market growth. Additionally, rapid technological advancements and strategic collaborations amongst key players have resulted in the introduction of semi-automated explosive delivery systems that assist in executing safer and more efficient underground mine blasting procedures in the deeper deposits. This, in turn, is contributing to the market growth significantly. Other factors, such as rapid industrialization and significant investments in research and development (R&D) activities for mass producing explosives to optimize drilling, blasting, and downstream operations, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial explosives market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type and end use industry.
Breakup by Type:
High Explosives
Blasting Agents
Ammonium Nitrate Fuel Oil (ANFO)
Water Gel Explosives
Emulsions
Nitrogen Explosives
Others
Breakup by End Use Industry:
Mining
Metal Mining
Non-metal Mining
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Key Questions Answered in This Report
- 1. What was the size of the global industrial explosives market in 2023?
- 2. What is the expected growth rate of the global industrial explosives market during 2024-2032?
- 3. What are the key factors driving the global industrial explosives market?
- 4. What has been the impact of COVID-19 on the global industrial explosives market?
- 5. What is the breakup of the global industrial explosives market based on the type?
- 6. What is the breakup of the global industrial explosives market based on the end use industry?
- 7. What are the key regions in the global industrial explosives market?
- 8. Who are the key players/companies in the global industrial explosives market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Industrial Explosives Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 High Explosives
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Blasting Agents
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Ammonium Nitrate Fuel Oil (ANFO)
- 6.2.2.2 Water Gel Explosives
- 6.2.2.3 Emulsions
- 6.2.2.4 Nitrogen Explosives
- 6.2.2.5 Others
- 6.2.3 Market Forecast
7 Market Breakup by End Use Industry
- 7.1 Mining
- 7.1.1 Market Trends
- 7.1.2 Key Segments
- 7.1.2.1 Metal Mining
- 7.1.2.2 Non-metal Mining
- 7.1.2.3 Quarrying
- 7.1.3 Market Forecast
- 7.2 Construction
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 AECI Limited
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Austin Powder Company
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 EPC Groupe
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Incitec Pivot limited
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 Irish Industrial Explosives Limited
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Keltech Energies Ltd.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.7 NOF Corporation
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Orica Limited
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Sigdo Koppers S.A.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.10 Solar Industries India Limited
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.1 AECI Limited
List of Figures
- Figure 1: Global: Industrial Explosives Market: Major Drivers and Challenges
- Figure 2: Global: Industrial Explosives Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Industrial Explosives Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Industrial Explosives Market: Breakup by Type (in %), 2023
- Figure 5: Global: Industrial Explosives Market: Breakup by End Use Industry (in %), 2023
- Figure 6: Global: Industrial Explosives Market: Breakup by Region (in %), 2023
- Figure 7: Global: Industrial Explosives (High Explosives) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Industrial Explosives (High Explosives) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Industrial Explosives (Blasting Agents) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Industrial Explosives (Blasting Agents) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Industrial Explosives (Mining) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Industrial Explosives (Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Industrial Explosives (Construction) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Industrial Explosives (Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Industrial Explosives (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Industrial Explosives (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: North America: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: North America: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: United States: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: United States: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Canada: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Canada: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Asia-Pacific: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Asia-Pacific: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: China: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: China: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Japan: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Japan: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: India: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: India: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: South Korea: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: South Korea: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Australia: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Australia: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Indonesia: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Indonesia: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Others: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Others: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Europe: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Europe: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Germany: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Germany: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: France: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: France: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: United Kingdom: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: United Kingdom: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Italy: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Italy: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Spain: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Spain: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Russia: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Russia: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Others: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Others: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Latin America: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Latin America: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Brazil: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Brazil: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Mexico: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Mexico: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Others: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Others: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Middle East and Africa: Industrial Explosives Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Middle East and Africa: Industrial Explosives Market: Breakup by Country (in %), 2023
- Figure 65: Middle East and Africa: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Global: Industrial Explosives Industry: SWOT Analysis
- Figure 67: Global: Industrial Explosives Industry: Value Chain Analysis
- Figure 68: Global: Industrial Explosives Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Industrial Explosives Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Industrial Explosives Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Industrial Explosives Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
- Table 4: Global: Industrial Explosives Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Industrial Explosives Market: Competitive Structure
- Table 6: Global: Industrial Explosives Market: Key Players
