Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Industrial Explosives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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.

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, 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:

  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
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)

 

Key Questions Answered in This Report:

  • How has the global industrial explosives market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global industrial explosives market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global industrial explosives market and who are the key players?
  • What is the degree of competition in the industry?

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
    8.2    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
    8.3    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
    8.4    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
    8.5    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

List of Figures

Figure 1: Global: Industrial Explosives Market: Major Drivers and Challenges
Figure 2: Global: Industrial Explosives Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Industrial Explosives Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Industrial Explosives Market: Breakup by Type (in %), 2021
Figure 5: Global: Industrial Explosives Market: Breakup by End Use Industry (in %), 2021
Figure 6: Global: Industrial Explosives Market: Breakup by Region (in %), 2021
Figure 7: Global: Industrial Explosives (High Explosives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Industrial Explosives (High Explosives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Industrial Explosives (Blasting Agents) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Industrial Explosives (Blasting Agents) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Industrial Explosives (Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Industrial Explosives (Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Industrial Explosives (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Industrial Explosives (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Industrial Explosives (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Industrial Explosives (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: North America: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: North America: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: United States: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: United States: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Canada: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Canada: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Asia-Pacific: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Asia-Pacific: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: China: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: China: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Japan: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Japan: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: India: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: India: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: South Korea: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: South Korea: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Australia: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Australia: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Indonesia: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Indonesia: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Others: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Others: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Europe: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Europe: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Germany: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Germany: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: France: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: France: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: United Kingdom: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: United Kingdom: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Italy: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Italy: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Spain: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Spain: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Russia: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Russia: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Others: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Others: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Latin America: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Latin America: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Brazil: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Brazil: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Mexico: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Mexico: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Middle East and Africa: Industrial Explosives Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Middle East and Africa: Industrial Explosives Market: Breakup by Country (in %), 2021
Figure 65: Middle East and Africa: Industrial Explosives Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Industrial Explosives Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Industrial Explosives Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 4: Global: Industrial Explosives Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Industrial Explosives Market: Competitive Structure
Table 6: Global: Industrial Explosives Market: Key Players


Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2499

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

sales@imarcgroup.com

Social Links