PUBLISHER: Market Research Future | PRODUCT CODE: 1581710
PUBLISHER: Market Research Future | PRODUCT CODE: 1581710
Africa's Mining Explosives Market Research Report Data Analysis by Explosive Type (ANFO, RDX, TNT (Trinitrotoluene) and others), by Form (Bulk, Packaged and Powder), by Explosive Chemical Type (Acetic Acid, Sodium Nitrate, Ammonium Bicarbonate and Others), by Application (Coal Mining, Metal Mining, Quarrying & Non-Metal Mining and Other), and by Region Forecast to 2032
In 2023, the Africa mining explosives market was valued at USD 363,869.6 thousand, and it is predicted to reach USD 593,364.5 thousand by 2032, with a compound annual growth rate (CAGR 2024-2032) of 5.7% over the forecast period. The increased demand for minerals and metals in industries like as construction, automotive, and electronics is a major driver of the Africa Mining Explosives market. As these sectors expand, the demand for raw materials generated from mining activities rises. This demand creates a need for efficient and effective mining explosives to extract these minerals. The increase of infrastructure projects, urbanization, and industrialization all contribute to this need.
Explosives are a reactive mixture of a highly energetic chemical that explodes at high pressures and temperatures. Mining explosives are powerful compounds used in the mining sector to help remove rich minerals from the ground. These explosives are specifically designed to break up rocks and other geological formations, allowing miners to extract the needed minerals. Mining explosives are often made up of a variety of chemicals, including ammonium nitrate, fuel oil, and other additives. When ignited, they cause a controlled explosion that causes a shockwave, destroying the surrounding rocks. This procedure, known as blasting, not only loosens the ore but also removes debris, making it easier for miners to recover and transport the minerals. Thus, the employment of mining explosives has transformed the mining industry by greatly enhancing productivity and efficiency during extraction in coal, metal, quarrying, and non-metal mining processes. However, due to their extremely volatile nature, mining explosives must be handled and stored with rigorous respect to safety rules in order to avoid accidents and ensure the well-being of workers and the environment.
The Africa mining explosives market is divided into segments based on explosive type, form, explosive chemical type, application, and region.
The Africa mining explosive market is classified by explosive type, including ANFO, RDX, TNT (Trinitrotoluene), and others. The AFNO segment dominated the market in 2023, accounting for 84.52% of total revenue, and is predicted to increase at a CAGR of 5.4% over the forecast period.
The Africa mining explosive market is divided into three segments: bulk, packaged, and powder. The packaged segment had the greatest market revenue share of 69.87% in 2023 and is predicted to have the highest CAGR from 2024 to 2032.
The Africa mining explosive market is classified by explosive chemical type, including acetic acid, sodium nitrate, ammonium bicarbonate, and others. In 2023, the sodium nitrate sector had the biggest market revenue share at 54.80 percent.
The Africa mining explosives market is divided into four applications: coal mining, metal mining, quarrying and nonmetal mining, and others. Coal mining dominated the market in 2023, accounting for 56.27% of total revenue, and is predicted to grow at a CAGR of 5.5% over the forecast period.
The major market participants are AECI Mining Explosives, Orica Limited, BME, Enaex, Sasol, Maxam, Solar Group, EPC Groupe, Austin Powder, and IDEAL Mining Services.
77
81