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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

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Published: | Report ID: 1871 | Report Format : PDF

Market Insights

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.

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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

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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.

Chapter 1 Preface
1.1 Report Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Overview
2.2 Market Snapshot: Blasting Stemming Plugs
2.3 Global Blasting Stemming Plugs Market, by End Use Industries, 2016 (US$ Mn)
2.4 Global Blasting Stemming Plugs Market Share, by Geography, 2016 (US$ Mn)

Chapter 3 Market Dynamics and Outlook
3.1 Introduction
3.2 Market Drivers
3.2.1 Blasting Stemming Plugs is Witnessing Growth Owing to Growing Business Construction and Housing Developments
3.2.1 Rising demand from end use industries
3.3 Challenges
3.3.1 Costing Issues
3.4 Opportunities
3.4.1 Emerging Economies will Drive Demand
3.4.1 New Product Launches
3.5 Attractive Investment Proposition, By Geography

Chapter 4 Global Blasting Stemming Plugs Market, By End Use Industry
4.1 Overview
4.1.1 Global Blasting Stemming Plugs Market, by End Use Industry, 2016 & 2025 (Value %)
4.2 Mining Industry
4.2.1 Global Blasting Stemming Plugs Market Revenue, By Mining Industry 2015 – 2025 (US$ Mn)
4.3 Construction & Quarrying Material Industry
4.3.1 Global Blasting Stemming Plugs Market Revenue, By Construction & Quarrying Materials Industry 2015 – 2025 (US$ Mn)
4.4 Others
4.4.1 Global Blasting Stemming Plugs Market Revenue, By Other Industry 2015 – 2025 (US$ Mn)

Chapter 5 Global Blasting Stemming Plugs Market, By Geography
5.1 Overview
5.1.1 Global Blasting Stemming Plugs Market Share, By Geography, 2016 & 2025 (Value %)
5.2 North America
5.2.1 North America Blasting Stemming Plugs Market Revenue, by End Use Industry, 2015-2025 (US$ Mn)
5.2.2 North America Blasting Stemming Plugs Market Share, By Country, 2016 & 2025 (Value %)
5.2.3 U.S. Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
5.2.4 Canada Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
5.3 Europe
5.3.1 Europe Blasting Stemming Plugs Market Revenue, by End Use Industry, 2015-2025 (US$ Mn)
5.3.2 Europe Blasting Stemming Plugs Market Share, By Country, 2016 & 2025 (Value %)
5.3.3 E.U.7 Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
5.3.4 CIS Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
5.3.5 Rest of Europe Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
5.4 Asia Pacific
5.4.1 Asia Pacific Blasting Stemming Plugs Market Revenue, by End Use Industry, 2015-2025 (US$ Mn)
5.4.2 Asia Pacific Blasting Stemming Plugs Market Share, By Country, 2016 & 2025 (Value %)
5.4.3 China Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
5.4.4 India Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
5.4.5 Rest of Asia Pacific Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
5.5 Latin America
5.5.1 Latin America Blasting Stemming Plugs Market Revenue, by End Use Industry, 2015-2025 (US$ Mn)
5.5.2 Latin America Blasting Stemming Plugs Market Share, By Country, 2016 & 2025 (Value %)
5.5.3 Brazil Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
5.5.4 Mexico Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
5.5.5 Rest of Latin America Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
5.6 Middle East & Africa (MEA)
5.6.1 MEA Blasting Stemming Plugs Market Revenue, by End Use Industry, 2015-2025 (US$ Mn)
5.6.2 MEA Blasting Stemming Plugs Market Share, By Country, 2016 & 2025 (Value %)
5.6.3 GCC Countries Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
5.6.4 Rest of MEA Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)

Chapter 6 Company Profiles
6.1 Advanced Blasting Technology, Inc.
6.2 Paraplug – IMZ
6.3 TIME Limited
6.4 Peri Nitrates Pvt. Ltd.
6.5 Stemlock, Inc.

List of Figures

FIG. 1 Global Blasting Stemming Plugs Market: Research Methodology
FIG. 2 Global Blasting Stemming Plugs Market, by End Use Industries, 2016 (US$ Mn)
FIG. 3 Global Blasting Stemming Plugs Market, by Geography, 2016 (US$ Mn)
FIG. 4 Attractive Investment Proposition, By Geography
FIG. 5 Global Blasting Stemming Plugs Market, by End Use Industry, 2016 & 2025 (Value %)
FIG. 6 Global Blasting Stemming Plugs Market Revenue, By Mining Industry 2015 – 2025 (US$ Mn)
FIG. 7 Global Blasting Stemming Plugs Market Revenue, By Construction & Quarrying Materials Industry 2015 – 2025 (US$ Mn)
FIG. 8 Global Blasting Stemming Plugs Market Revenue, By Other Industry 2015 – 2025 (US$ Mn)
FIG. 9 Global Blasting Stemming Plugs Market Revenue Share, by Geography, 2016 & 2025 (Value %)
FIG. 10 North America Blasting Stemming Plugs Market Revenue, by End Use Industry, 2015-2025 (US$ Mn)
FIG. 11 North America Blasting Stemming Plugs Market Revenue Share, by Country, 2016 & 2025 (Value %)
FIG. 12 U.S. Blasting Stemming Plugs Market Revenue, 2015 – 2025 (US$ Mn)
FIG. 13 Canada Blasting Stemming Plugs Market Revenue, 2015 – 2025 (US$ Mn)
FIG. 14 Europe Blasting Stemming Plugs Market Revenue, by End Use Industry, 2015-2025 (US$ Mn)
FIG. 15 Europe Blasting Stemming Plugs Market Revenue Share, by Country, 2016 & 2025 (Value %)
FIG. 16 E.U.7 Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 17 CIS Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 18 Rest of Europe Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 19 Asia Pacific Blasting Stemming Plugs Market Revenue, by End Use Industry, 2015-2025 (US$ Mn)
FIG. 20 Asia Pacific Blasting Stemming Plugs Market Revenue Share, by Country, 2016 & 2025 (Value %)
FIG. 21 China Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 22 India Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 23 Rest of Asia Pacific Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 24 Latin America Blasting Stemming Plugs Market Revenue, by End Use Industry, 2015-2025 (US$ Mn)
FIG. 25 Latin America Blasting Stemming Plugs Market Revenue Share, by Country, 2016 & 2025 (Value %)
FIG. 26 Brazil Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 27 Mexico Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 28 Rest of Latin America Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 29 MEA Blasting Stemming Plugs Market Revenue, by End Use Industry, 2015-2025 (US$ Mn)
FIG. 30 MEA Blasting Stemming Plugs Market Revenue Share, by Country, 2016 & 2025 (Value %)
FIG. 31 GCC Countries Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)
FIG. 32 Rest of MEA Blasting Stemming Plugs Market Revenue, 2015 – 2025, (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Blasting Stemming Plugs
TABLE 2 Advanced Blasting Technology, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies)
TABLE 3 Paraplug – IMZ: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies)
TABLE 4 TIME Limited: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies)
TABLE 5 Peri Nitrates Pvt. Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies)
TABLE 6 Stemlock, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Strategies)

Frequently Asked Questions

What is the size of Blasting Stemming Plugs Market?

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

What is the Blasting Stemming Plugs Market CAGR?

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

What is the Forecast period considered for Blasting Stemming Plugs Market?

The report is forecasted from 2017-2025.

What is the base year considered for Blasting Stemming Plugs Market?

The base year of this report is 2016.

Who are the major players in this Market?

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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