A recent report published by Infinium Global Research on
industrial explosives market provides in-depth analysis of segments and
sub-segments in the global as well as regional industrial explosives market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional industrial explosives market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecasts, and dollar values of the global industrial explosives market. According
to the report, the global industrial explosives market is projected to grow at
a CAGR of 5.5% over the forecast period of 2020-2026.
Industrial explosives are hazardous blasting exposures
majorly used in the mining, and construction industry. Explosives deliver the
resources to free up the available vast sources of the earth for the
advancement of civilization. They offer wide application areas such as metal
mining, coal mining, and construction through quarrying materials such as limestone,
cement, and concrete. The choice of industrial explosives depends on some
parameters such as detonation pressure, velocity, water-resistance, effective
energy, density, sensitivity, and storage life. Rapid industrialization and an increase in use of industrial explosives in the construction industry for
tunneling and other applications are the key driving factors for the growth of the industrial explosives market. However, the current concerns over the spread of
coronavirus are expected to have a major impact on the demand of the industrial
explosion market as the demand for the equipment completely relies on
infrastructure and construction activities and industry demand.
As the disruption in industrial production and demand slowdown,
industrial explosives industry may experience a slight decline for the short
term. Along with the reduction in demand, the supply dysfunction has also been seen in
the industrial explosives market owing to labor unavailability or limited
availability of workforce and strict government regulation on freezing
transportation which in turn majorly affect the production. However, end user
industries of industrial explosives have strong forward linkages with sectors
such as metal and coal mining will offer a steady growth as mining and steel the industry continues production due to consideration of mining and steel in an
essential services and exclusion from lockdown restriction.
Further, a growing number of infrastructure projects and
increasing focus on developing and expanding public roadways and railways
will propel the demand for the industrial explosives market. However, stringent
government regulations may hinder the demand for the industrial explosives market.
Furthermore, increasing the need for energy due to the rising population leads to the growing demand for renewable energy resources for the generation of power which
will increase the demand for industrial explosives in the forecast period.
The global industrial explosives market has been regionally
segmented into the geographies of North America, Europe, Asia Pacific, and RoW.
From a regional perspective, the Asia Pacific region is expected to dominate
the market, attributed to a growing population, an increasing need for public
infrastructure development, and an increase in power generation plants. Further,
rapid industrialization and growing metal and mining industries in the region
will offer sustainable growth to the market. However, North America is
anticipated to hold the second largest share owing to rising investment in
research and development. The industrial explosives market in this region is
anticipated to expand at a significant growth rate during the forecast
The report on the global industrial explosives market covers
segments such as type, and end-user industry. On the basis of type, the sub-markets
include high explosives, blasting agents, water gel explosives, emulsions,
nitrogen explosives, and others. On the basis of end-user industry, the
sub-markets include mining, metal mining, non-metal mining, construction, and
The report provides profiles of the companies in the market
such as AECI Ltd., Austin Powder Company, EPC Group, Keltech Energies Ltd.,
Maxam Corp., Sigdo Koppers S.A., Solar Industries India Ltd., AEL Mining
Services, EXSA S.A., and Orica Ltd..
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of industrial
explosives market. Moreover, the study highlights current market trends and
provides forecast from 2020-2026. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.