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Industrial Explosives Market (Type - High Explosives, Blasting Agents, Water Gel Explosives, Emulsions, Nitrogen Explosives, and Others; End-user Industry - Mining, Metal Mining, Non-metal Mining, Construction, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : August, 2020

  • Rep Id : CM0004

  • Category : Chemicals & Materials

  • Status : Published

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.

 

Market Insight

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 of industrial explosives market. However, stringent government regulations may hinder the demand for industrial explosives market. Furthermore, increasing the need for energy due to rising population leads to growing demand for renewable energy resources for generation of power which will increase the demand of 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, 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 period. 

 

Segment Covered

The report on 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 others.

 

Companies Profiled:

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..

 

Report Highlights:

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.


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