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Blasting Stemming Plugs Market By End Use (Mining Industry (Coal & Metal), Construction & Quarrying Material Industry, Others) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

A stemming plug is a cone-shaped device constructed of high-impact polystyrene and high-density polyethylene, among others. Stemming is one of the foremost effective parameters of open pit blasting. Stemming plugs are a new technological development that increases blasting efficiency without changing the properties of explosives. They are used in the blast hole's stemming zone to increase explosive gas containment. This yields an increase in explosive energy transmitted to the rock mass, resulting in better fragmentation.

The mining industry is the primary end user of blasting stemming plugs because they help to reduce total mining costs by reducing energy requirements and increasing output. The mining industry is expected to dominate the market over the forecast period due to the growing demand for metallic and nonmetallic materials. Rapid urbanization in emerging economies plays a vital role in increasing the demand for construction and quarrying materials.

The mining sector in the Asia Pacific, Latin America, and the Middle East and Africa (MEA) region has a plethora of untapped opportunities. For instance, countries such as Egypt, Mauritania, Iran, the KSA, and Afghanistan in the MEA region are greatly unexplored, and exploration of world-class deposits is possible. The blasting stemming plugs market in these regions is expected to cater to high growth over the forecast period, although North America and Europe constitute a higher market share. The mining companies are strategically expanding their market share in the existing markets of North America and Asia Pacific while exploring the new markets of Latin America and the MEA region to focus on long-term growth opportunities.

In the explosives and blasting agent industry, consumers are interested in innovative products with better efficacy. Innovative and new formulations with greater efficacy are helping manufacturers gain customer loyalty. For instance, TIME Limited (short for Temiskaming Industrial Mining Equipment Limited), a Europe-based company, offered blasting plugs in a range of sizes to accommodate drill holes from 12" to 18". They will not freeze, are light, and can be reused. They will not be damaged or moved when run over by heavy machinery.

The report titled "Global Blasting Stemming Plugs Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global blasting stemming plugs market, along with the market's size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on end-use and a cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

The report also includes profiles of the leading blasting stemming plug manufacturers, as well as their product portfolios and key developments, to assist strategic decision-makers.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the blasting stemming plug industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global blasting stemming plug market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

For the purpose of this study, the global blasting stemming plug market by end-use is categorized into:

  • mining industry (coal and metal)
  • Construction & Quarrying Material Industry
  • Others (Oil and Gas)

In 2016, the mining segment accounted for more than half of the market and was projected to maintain its dominance over the forecast period of 2017 to 2025. Coal mining is the largest consumer of blasting plugs. The rapid growth in demand for coal from the energy and steel sectors is the major factor driving the market growth. Metal mining is the second largest end-use of blasting plugs, and the global market for metal mining is gaining momentum with the rise in consumption of metals from various end-use industries such as construction and oil & gas, among others. Furthermore, rising investment in mining projects in developing economies with high mineral reserves, such as the Middle East and Africa, Asia Pacific, and Latin America, is propelling the market growth. The demand for stem blasting plugs from construction, and quarrying is projected to witness the highest growth over the forecast period, mainly fueled by the increasing construction and development activities in Asia.

On the basis of geography, the global blasting stemming plugs market is segmented into the following regions:

  • North America
    • U.S.
    • Canada
  • Europe
    • E.U.7
    • CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • rest of Latin America
  • Middle East and Africa
    • GCC
    • Rest of the Middle East and Africa

In 2016, Asia Pacific dominated the global stemming blasting plugs market with a 42.9% share in terms of revenue. It is also projected to be the fastest-growing market over the next six years, owing to the increasing consumption of metals and other construction materials. Furthermore, high investment in economies such as Malaysia, Australia, and China, among others, is another factor projected to augment demand. Asia-Pacific was followed by North America and Europe. High investment in metal and mineral extraction in the U.S. is the major factor propelling the utilization of stem blasting plugs in the region. Europe is projected to witness a below-average growth rate over the forecast period of 2017 to 2025 owing to stringent environmental regulations. However, increasing mining activities in various countries in Eastern Europe and the presence of large multinationals are projected to have a positive impact on demand over the next six years.

Frequently Asked Questions:

The market for Blasting Stemming Plugs is expected to reach XX Mn in 2025.

The Blasting Stemming Plugs market is expected to see significant CAGR growth over the coming years,at 4.6%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Advanced Blasting Technology, Inc.,Paraplug - IMZ, TIME Limited,Peri Nitrates Pvt. Ltd.,Stemlock, Inc. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Sep 2017
Category:  Energy
Report ID:   58711
Report Format:   PDF
Pages:   120
Rating:    4.8 (80)
Delivery Time: 24 Hours to 48 Hours   
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