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Mining Explosives Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: August, 2022
No of Pages: 153
Delivery Format: PDF + Excel

$2,950.00

Mining explosive is an industrial explosive. Once it is effectively detonated, it quickly transforms into a gas at high temperature and high pressure. This process is called blasting, and it causes rocks to break apart to withstand construction and mining activities. Compared with traditionally used mechanical drilling rigs, products on the global mining explosives market are considered more efficient and effective. Using these products in the global mining explosives market can benefit participants in the mining sector and construction industries, like reduced labor costs and the time required for safe and efficient mining.

The growing demand for coal, rare earth metals including gold and silver, and surface minerals such as iron ore and bauxite from many industries such as thermal energy, chemical industry, and automobiles is driving the demand for high-efficiency explosives in the world’s mining explosives market. Government initiatives worldwide to support the development of rich underground resources in regional economies are also positive factors for developing the global mining explosives market in the next few years. The increase in mining activities, especially in developing economies, is another driving force for the industry.

  • According to the World Mining Data 2021, the total production of mineral fuels is 15,435,799,404 metric tonnes. The total production of gold is 3,292,271 metric tonnes, and silver is 27,817,074 metric tonnes.

Rising infrastructure costs are a limitation in the mining explosives market. Fluctuations in the prices of raw materials such as ammonia may also hamper the growth of the global mining explosives market in the coming years. Rising infrastructure costs are a factor that is expected to limit the development of the worldwide mining explosives market during the forecast period. Furthermore, the high initial cost required to manufacture industrial explosives hinders the market growth. Countries in the African continent are considered the leading markets for mining explosives due to the growing mining projects in the region.

  • In 2019, the total mineral production in Africa was 983,046,049 metric tonnes, out of which South Africa accounted for 320,398,418 metric tonnes. South Africa’s mineral production is 254,125,336 metric tonnes.

Mining Explosives Market Report Scope and Segmentation

ATTRIBUTESDETAILS
ESTIMATED YEAR2022
BASE YEAR2021
FORECAST YEAR2030
HISTORICAL YEAR2017-2021
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

IMPACT OF COVID-19 ON THE MINING EXPLOSIVES MARKET

The mining explosives market is expected to take a significant amount of time before recovering from the impact of the COVID-19 pandemic due to the stopping of mining operations internationally.

  • Commodity markets in South Africa and Peru had faced massive drops using copper, iron ore, and zinc.

Although the mining industry is slowly gaining momentum due to the easing of COVID-19 restrictions, mining explosives demand is anticipated to rise slower. Ammonia market faced resilience in COVID-19, reducing the impact on mining explosives.

KEY INSIGHTS

The report will cover the following key insights:

  • Recent Advancements in Mining Explosives
  • Key Industry Trends
  • Regulatory Landscape for Mining Explosives
  • Key Industry Developments (Mergers, Acquisitions, and Partnerships)
  • Impact of COVID-19 on the Market

ANALYSIS BY TYPE

Based on the type, the mining explosives market is divided into ammonium nitrate explosives (powder), emulsion explosives, and ANFO. Ammonium nitrate explosives are a large segment of the mining explosives market. Ammonium nitrate is a high-risk explosive used mainly in construction and mining. Ammonium nitrate explosives have a significant market share in the mining explosives market. It can be widely used in quarrying, mining, coal mining, metal mining, and non-metallic mining. Coal mining is an essential application for ammonium nitrate explosives. During the forecast period, increasing demand for ammonium nitrate is expected to drive ammonium nitrate explosives in the mining explosives market.

REGIONAL ANALYSIS

In recent years, the Middle East and Africa accounted for most of the mining explosives market and are expected to maintain a dominant position throughout the forecast period. South Africa is one of the primary market shares of the mining explosives market in the Middle East and Africa. Increased development projects and mining of minerals are driving the market in the region. South Africa’s rich mineral deposits are driving the growth of the mining explosives market. Due to the development of the metallurgical and mining industries in the region, there is considerable demand for the mining explosives market in North America and Europe.

The Asia-Pacific region is the fastest-growing region for the metal mining explosives market. The rise of the metals and non-metals industries in the area is one of the primary growth factors. Due to urban public facilities and the railway network development, China is one of the fastest-growing global mining explosives markets. In India, with the expansion of the mining industry in the region, the demand for ammonium nitrate is expected to increase substantially.

KEY PLAYERS COVERED

The report will include profiles of key players such as Orica, Incitec Pivot Limited, Dyno Nobel, AEL Technology, Sasol, BME Mining, Enaex – Mine, NOF CORPORATION, Solar Group – Solar Industries India Ltd., EPC-UK, and Sichuan Yahua Industrial Group Co., Ltd

SEGMENTATION

By TypeBy ApplicationBy Geography
  • Ammonium Nitrate Explosives (Powder Form)
  • Emulsion explosives
  • ANFO (Ammonium Nitrate/Fuel Oil)
  • Quarrying & Non-Metal Mining
  • Metal Mining
  • Coal Mining
  • North America (US and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe)
  • Asia Pacific (China, India, Japan, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

KEY INDUSTRY DEVELOPMENTS

  • Infineum, the additives joint venture between Shell and ExxonMobil, announced on August 11, 2021, that it would acquire the emulsifiers business unit of ISCA UK. The transaction secured ISCA UK’s ISCAMUL emulsifier brand and formulation expertise. This acquisition marks Infineum’s re-entry into the emulsion explosives market, where it can use its existing capabilities to serve better existing and potential new customers.
  • On November 14, 2019, Orica and Epiroc Rock Drills AB agreed to jointly develop a semi-automatic explosives delivery system to achieve safer and more efficient underground mine blasting operations. As the mine gets deeper and deeper, the deposit becomes more and more distant, and the rationale for blast automation becomes clearer. The association will bring together two global industry leaders’ deep experience and knowledge to meet customers’ growing needs in increasingly dangerous and challenging underground operations.

Segmentation

By TypeBy Application
  • Ammonium Nitrate Explosives (Powder Form)
  • Emulsion explosives
  • ANFO (Ammonium Nitrate/Fuel Oil)
  • Quarrying & Non-Metal Mining
  • Metal Mining
  • Coal Mining

Major Companies

Orica, Incitec Pivot Limited, Dyno Nobel, AEL Technology, Sasol, BME Mining, Enaex – Mine, NOF CORPORATION, Solar Group – Solar Industries India Ltd., EPC-UK, and Sichuan Yahua Industrial Group Co., Ltd

Table of Contents

1 EXECUTIVE SUMMARY 17

1.1 MARKET ATTRACTIVENESS ANALYSIS 20

1.1.1 GLOBAL MINING EXPLOSIVES MARKET, BY TYPE 21

1.1.2 GLOBAL MINING EXPLOSIVES MARKET, BY APPLICATION 22

1.1.3 GLOBAL MINING EXPLOSIVES MARKET, BY REGION 23

2 MARKET INTRODUCTION 24

2.1 DEFINITION 24

2.2 SCOPE OF THE STUDY 24

2.3 MARKET STRUCTURE 25

3 RESEARCH METHODOLOGY 26

3.1 RESEARCH PROCESS 26

3.2 PRIMARY RESEARCH 27

3.3 SECONDARY RESEARCH 28

3.4 MARKET SIZE ESTIMATION 29

3.5 TOP-DOWN AND BOTTOM-UP APPROACH 29

3.6 FORECAST MODEL 30

3.7 LIST OF ASSUMPTIONS & LIMITATIONS 31

4 MARKET DYNAMICS 32

4.1 INTRODUCTION 32

4.2 DRIVERS 33

4.2.1 GROWING DEMAND FROM THE COAL INDUSTRY 33

4.2.2 INCREASING MINERAL EXTRACTION ACTIVITY 34

4.2.3 RISING INFRASTRUCTURE ACTIVITIES 34

4.2.4 DRIVERS IMPACT ANALYSIS 35

4.3 RESTRAINTS 36

4.3.1 STRINGENT REGULATORY ENVIRONMENT AND EFFECTS ON HEALTH 36

4.3.2 RESTRAINTS IMPACT ANALYSIS 36

4.4 OPPORTUNITIES 37

4.4.1 PROMISING GROWTH OF THE MINING INDUSTRY IN THE MIDDLE EAST 37

5 MARKET FACTOR ANALYSIS 38

5.1 SUPPLY CHAIN ANALYSIS 38

5.1.1 RAW MATERIALS SUPPLIERS 38

5.1.2 MINING EXPLOSIVES MANUFACTURERS 39

5.1.3 DISTRIBUTION CHANNELS 39

5.1.4 END USERS 39

5.2 PORTER’S FIVE FORCES MODEL 40

5.2.1 THREAT OF NEW ENTRANTS 40

5.2.2 BARGAINING POWER OF SUPPLIERS 41

5.2.3 THREAT OF SUBSTITUTES 41

5.2.4 BARGAINING POWER OF BUYERS 41

5.2.5 INTENSITY OF RIVALRY 41

5.3 PRICING OVERVIEW, BY REGION (USD/TON) 42

5.4 IMPACT OF COVID 19 OUTBREAK ON THE GLOBAL MINING EXPLOSIVES MARKET 42

5.4.1 IMPACT OF COVID-19 ON SUPPLY CHAIN OF MINING EXPLOSIVES MARKET 42

5.4.2 MAJOR GOVERNMENT POLICIES TO COUNTER THE PANDEMIC 43

5.4.3 QUALITATIVE ANALYSIS ON CHANGE IN DEMAND FROM END-USE 44

6 GLOBAL MINING EXPLOSIVES MARKET, BY TYPE 45

6.1 INTRODUCTION 45

6.2 BULK EXPLOSIVES 46

6.3 PACKAGED EXPLOSIVES 48

6.4 OTHERS 50

7 GLOBAL MINING EXPLOSIVES MARKET, BY APPLICATION 52

7.1 INTRODUCTION 52

7.2 COAL MINING 54

7.3 METAL MINING 55

7.4 QUARRY & NON-METAL MINING 56

8 GLOBAL MINING EXPLOSIVES MARKET, BY REGION 57

8.1 INTRODUCTION 57

8.2 NORTH AMERICA 60

8.2.1 US 63

8.2.2 CANADA 65

8.3 EUROPE 67

8.3.1 GERMANY 71

8.3.2 UK 73

8.3.3 FRANCE 75

8.3.4 SPAIN 77

8.3.5 ITALY 79

8.3.6 RUSSIA 81

8.3.7 POLAND 83

8.3.8 REST OF EUROPE 85

8.4 ASIA-PACIFIC 87

8.4.1 CHINA 90

8.4.2 JAPAN 92

8.4.3 INDIA 94

8.4.4 INDONESIA 96

8.4.5 SOUTH KOREA 98

8.4.6 REST OF ASIA-PACIFIC 100

8.5 LATIN AMERICA 102

8.5.1 BRAZIL 105

8.5.2 MEXICO 107

8.5.3 ARGENTINA 109

8.5.4 REST OF LATIN AMERICA 111

8.6 THE MIDDLE EAST & AFRICA 113

8.6.1 SAUDI ARABIA 117

8.6.2 UAE 119

8.6.3 TURKEY 121

8.6.4 EGYPT 123

8.6.5 SOUTH AFRICA 125

8.6.6 REST OF THE MIDDLE EAST & AFRICA 127

9 COMPETITIVE LANDSCAPE 129

9.1 INTRODUCTION 129

9.2 MARKET STRATEGY ANALYSIS 130

9.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 130

9.4 COMPETITIVE BENCHMARKING 132

10 COMPANY PROFILES 133

10.1 ORICA LIMITED 133

10.1.1 COMPANY OVERVIEW 133

10.1.2 FINANCIAL OVERVIEW 134

10.1.3 PRODUCTS OFFERED 134

10.1.4 KEY DEVELOPMENTS 135

10.1.5 SWOT ANALYSIS 136

10.1.6 KEY STRATEGIES 136

10.2 BME SOUTH AFRICA 137

10.2.1 COMPANY OVERVIEW 137

10.2.2 FINANCIAL OVERVIEW 138

10.2.3 PRODUCTS OFFERED 138

10.2.4 KEY DEVELOPMENTS 139

10.2.5 SWOT ANALYSIS 139

10.2.6 KEY STRATEGIES 139

10.3 SOLAR INDUSTRIES INDIA LTD 140

10.3.1 COMPANY OVERVIEW 140

10.3.2 FINANCIAL OVERVIEW 141

10.3.3 PRODUCTS OFFERED 142

10.3.4 KEY DEVELOPMENTS 142

10.3.5 SWOT ANALYSIS 143

10.3.6 KEY STRATEGIES 143

10.4 INCITEC PIVOT LTD 144

10.4.1 COMPANY OVERVIEW 144

10.4.2 FINANCIAL OVERVIEW 145

10.4.3 PRODUCTS OFFERED 146

10.4.4 KEY DEVELOPMENTS 146

10.4.5 SWOT ANALYSIS 147

10.4.6 KEY STRATEGIES 147

10.5 SASOL 148

10.5.1 COMPANY OVERVIEW 148

10.5.2 FINANCIAL OVERVIEW 149

10.5.3 PRODUCTS OFFERED 150

10.5.4 KEY DEVELOPMENTS 151

10.5.5 SWOT ANALYSIS 151

10.5.6 KEY STRATEGIES 151

10.6 YARA 152

10.6.1 COMPANY OVERVIEW 152

10.6.2 FINANCIAL OVERVIEW 153

10.6.3 PRODUCTS OFFERED 154

10.6.4 KEY DEVELOPMENTS 155

10.6.5 SWOT ANALYSIS 155

10.6.6 KEY STRATEGIES 155

10.7 TITANOBEL 156

10.7.1 COMPANY OVERVIEW 156

10.7.2 FINANCIAL OVERVIEW 156

10.7.3 PRODUCTS OFFERED 156

10.7.4 KEY DEVELOPMENT 157

10.7.5 SWOT ANALYSIS 157

10.7.6 KEY STRATEGIES 157

10.8 MAXAM 158

10.8.1 COMPANY OVERVIEW 158

10.8.2 FINANCIAL OVERVIEW 158

10.8.3 PRODUCTS OFFERED 158

10.8.4 KEY DEVELOPMENTS 159

10.8.5 SWOT ANALYSIS 160

10.8.6 KEY STRATEGIES 160

10.9 AUSTIN DETONATOR 161

10.9.1 COMPANY OVERVIEW 161

10.9.2 FINANCIAL OVERVIEW 161

10.9.3 PRODUCTS OFFERED 161

10.9.4 KEY DEVELOPMENTS 162

10.9.5 SWOT ANALYSIS 162

10.9.6 KEY STRATEGIES 162

10.10 EURENCO SA 163

10.10.1 COMPANY OVERVIEW 163

10.10.2 FINANCIAL OVERVIEW 163

10.10.3 PRODUCTS OFFERED 163

10.10.4 KEY DEVELOPMENT 163

10.10.5 SWOT ANALYSIS 164

10.10.6 KEY STRATEGIES 164

10.11 EXPLOSIA, INC. 165

10.11.1 COMPANY OVERVIEW 165

10.11.2 FINANCIAL OVERVIEW 165

10.11.3 PRODUCTS OFFERED 165

10.11.4 KEY DEVELOPMENTS 166

10.11.5 SWOT ANALYSIS 166

10.11.6 KEY STRATEGIES 166

10.12 EPC GROUPE 167

10.12.1 COMPANY OVERVIEW 167

10.12.2 FINANCIAL OVERVIEW 168

10.12.3 PRODUCTS OFFERED 168

10.12.4 KEY DEVELOPMENTS 169

10.12.5 SWOT ANALYSIS 169

10.12.6 KEY STRATEGIES 169

10.13 NITROERG SA 170

10.13.1 COMPANY OVERVIEW 170

10.13.2 FINANCIAL OVERVIEW 170

10.13.3 PRODUCTS OFFERED 171

10.13.4 KEY DEVELOPMENTS 171

10.13.5 SWOT ANALYSIS 172

10.13.6 KEY STRATEGIES 172

10.14 NOF CORPORATION 173

10.14.1 COMPANY OVERVIEW 173

10.14.2 FINANCIAL OVERVIEW 173

10.14.3 PRODUCTS OFFERED 173

10.14.4 KEY DEVELOPMENTS 174

10.14.5 SWOT ANALYSIS 174

10.14.6 KEY STRATEGIES 174

10.15 HANWA CORPORATION 175

10.15.1 COMPANY OVERVIEW 175

10.15.2 FINANCIAL OVERVIEW 175

10.15.3 PRODUCTS OFFERED 176

10.15.4 KEY DEVELOPMENTS 176

10.15.5 SWOT ANALYSIS 177

10.15.6 KEY STRATEGIES 177

11 APPENDIX 178

11.1 REFERENCES 178

11.2 RELATED REPORTS 179

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