The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global industrial explosives market reached a value of US$ 7.22 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.08 Billion by 2027, exhibiting a CAGR of 5.54% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial explosives market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type and end use industry.
Breakup by Type:
Breakup by End Use Industry:
Breakup by Region:
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.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at