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Industrial Explosives Market By Type (Blasting Agents, High Explosives), By Application (Construction, Mining) – Growth, Future Prospects And Competitive Analysis, 2017 – 2025

Summary
Table Of Content

Market Insights

Industrial explosives refer to high-hazard explosive materials primarily used in quarrying, mining, and construction activities. Industrial explosives, when initiated properly, quickly transform into gases at high temperatures and pressures. The initiation process of industrial explosives is termed “detonation.” One liter of industrial explosive material can inflate up to 1,000 liters of high-pressure gas within microseconds and has a tendency to reach a temperature of around 1500–4000 °C. When used for the same task, industrial explosives have the ability to explode a larger area than traditional mechanical drills. Ammonium nitrate fuel oil, also abbreviated as ANFO, is the most widely used industrial explosive. The composition of ammonium nitrate fuel oil includes 94% ammonium nitrate and 6% fuel oil. Other important types of industrial explosives used in several applications include water gels, slurries, dynamite, TNT, and emulsions, among others.

The use of a particular industrial explosive for a specific task totally depends upon the detonation pressure, the velocity of detonation, density, effective energy, sensitivity, water resistance, and storage time. Large amounts of industrial explosives are charged into the blasted pit and then detonated using high explosives, which have a higher sensitivity. The global industrial explosives market is witnessing intense opportunities owing to a surge in demand for mineral extraction, which in turn is driving mining activities across the globe. In 2014, China extracted more than 4,000,000 kilotons of coal and was expected to focus more on coal production, owing to a rapid increase in demand for coal from thermal power plants. Hence, a rise in mineral extraction and mining activities is anticipated to bolster market growth over the forecast period.

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Several factors, such as growth in mineral extraction across the globe coupled with rising investments by the governments of several economies to enhance their trade and mineral production capacities to lift their respective GDPs in the ever-competitive global market, have accelerated the demand for industrial explosives across the globe. Additionally, rising demand for blasting agents, especially in open pit mining, owing to increasing demand for construction stones and building materials, especially from Asia-Pacific and Latin America, is another major aspect driving the growth of the global industrial explosives market.

However, several factors, such as volatile prices of raw materials as well as the high cost of high explosives, limit their usage in several end-use applications, as well as impose limitations in storage and transportation due to their unstable behavior. These are some of the key aspects impeding the market’s growth. Although demand for industrial explosives is anticipated to increase in Asia-Pacific owing to an increase in mining and construction activities on account of rapid development in the region,

On the basis of application, mining accounts for a major share of the global industrial explosives market owing to the increasing demand for precious metals such as silver and gold. Also, increasing demand for iron and copper for several industrial applications is further projected to drive the mining segment over the forecast period.

Asia Pacific is expected to be the dominant region due to the increasing demand for coal from thermal power plants coupled with increasing construction activities in the region. Latin America is projected to account for the second-largest share due to the abundance of mineral reserves in Chile, Peru, and Colombia, coupled with the increasing penetration of mining giants in the region.

The global industrial explosives market can be categorized on the basis of type as follows:

High Explosives

TNR
Dynamite
C4
Others

Blasting Agents

INFO
Emulsion
Slurry
Others

The blasting agent segment was dominant in the global industrial explosives market in 2016 and is anticipated to uphold its dominance over the forecast period from 2017 to 2025. This is due to the high demand for cheaper and more effective explosives, especially in mining applications. Moreover, low cost is a major factor accelerating the demand for blasting agents since high explosives are costlier and are not feasible to use in bulk quantities. Also, the increasing growth of tunneling activities is a major area demanding blasting agents in bulk quantities. ANFO and emulsions are the most widely used blasting agents due to ease of storage, low costs, and efficient yields. Because underground mining is considered more effective and less expensive than open pit mining, ANFO is widely used in it.

This is due to an increase in demand for metal ores, as well as rising government investments in mineral extraction through underground mining. Blasting agents are less reactive explosives as compared to high explosives and require high energy for their detonation. Thus, chemical stability, ease of transportation, and ease of application are some other major aspects driving the demand for blasting agents across the globe. Furthermore, rising construction activity and increased demand for industrial explosives in seismic wave generation for geoscience research are two key factors driving demand for industrial explosives. However, increasing government regulations regarding air pollution and carbon emissions are some aspects anticipated to hinder the market growth.

The global industrial explosives market can be categorized on the basis of application as follows:

Construction
Mining
Metal Mining
Non-Metal Mining
Quarrying
Others

By application, the mining segment accounted for the largest share of the global industrial explosives market in 2016 and is expected to maintain its dominance over the forecast period. This is mainly due to rising mineral extraction activities and increasing demand for rare earth metals such as silver and gold. Also, coal, being the most widely preferred source of fuel for thermal power plants, is another major commodity driving the growth of the mining industry across several regions.

In addition, the expansion in production capacities of several manufacturers due to the increasing demand for iron, copper, and other metals, especially for construction and industrial purposes, is another key factor driving the growth of the mining segment. The construction segment, which accounted for the second-largest share in the global industrial explosives market, is anticipated to register a significant CAGR over the forecast period. The implementation of industrial explosives for building implosions, tunneling, and highway construction is largely driven by growing awareness among construction professionals of the use of industrial explosives as a substitute for mechanical drills to save on overall expenditure, costs, and time.

The global industrial explosives market can be categorized on the basis of regions and countries as follows:

North America
- U.S.
- Canada
Europe
- Germany
- France
- Italy
- U.K.
- Russia
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa

Asia Pacific is projected to be the most lucrative region in the global industrial explosives market due to increasing demand for coal, especially from thermal power plants. Moreover, increasing industrial applications of coal as a fuel in boilers is further anticipated to bolster the demand for coal, thus driving the Asia-Pacific industrial explosives market. Also, increasing investments by the governments of several developing countries, such as India, China, and Korea, in mineral extraction and mining activities are expected to accelerate the demand for industrial explosives in the region. Also, China and India, being the major coal producers in the region, are witnessing huge demands for industrial explosives. Moreover, increasing demand for rare earth minerals and metals from neighboring countries like India and China, as well as for their own consumption, is further driving the industrial explosives market.

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This is further attracting mining companies to set up their facilities in these countries, thus driving the growth of the Asia-Pacific industrial explosives market. Also, increasing disposable incomes are resulting in high consumer spending across India and China. Consumers prefer the use of precious metals such as gold and silver due to an elevation in lifestyle standards as well as the increasing impact of western culture. As a result, rising demand for jewelry and ornaments fuels demand for gold and silver extraction, driving the overall market growth. Latin America is anticipated to account for the second-largest share in the global industrial explosives market due to the increasing penetration of North American mining giants in the region. This is mainly because of low setup costs, increasing government support, and the abundance of mineral reserves, especially in Chile, Peru, and Colombia. Moreover, increasing infrastructural development in the aforementioned countries further boosts the demand for industrial explosives, especially from the construction sector.

Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
1.3. Market Segmentation

Chapter 2. Executive Summary
2.1. Global Industrial Explosives Market Snapshot
2.1.1. Global Industrial Explosives Market, by Type, 2016
2.1.2. Global Industrial Explosives Market, by Application, 2016
2.1.3. Global Industrial Explosives Market, by Geography, 2016
2.2. Global Industrial Explosives Market: Premium Insight
2.2.1. Attractive Market Opportunities in the Global Industrial Explosives Market
2.2.2. Global Industrial Explosives Market: Developed vs. Developing Economy
2.2.3. Global Industrial Explosives Market: Latin America and Asia-Pacific Market Analysis

Chapter 3. Industrial Explosives Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Drivers
3.4. Challenges
3.5. Opportunities
3.6. Attractive Investment Proposition, by Geography

Chapter 4. Global Industrial Explosives Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
4.1. Overview
4.1.1. Attractive Investment Proposition: By Type
4.2. Blasting Agents
4.2.1. ANFO
4.2.2. Emulsion
4.2.3. Slurry
4.2.4. Others
4.3. High Explosives
4.3.1. TNT
4.3.2. Dynamite
4.3.3. C4
4.3.4. Others

Chapter 5. Global Industrial Explosives Market, by Application, 2015 – 2025 (Kilotons, US$ Mn)
5.1. Overview
5.1.1. Attractive Investment Proposition: By Application
5.2. Construction
5.3. Mining
5.3.1. Metal Mining
5.3.2. Non-Metal Mining
5.3.3. Quarrying
5.4. Others (seismic wave generation, industrial blasting etc.)

Chapter 6. Global Industrial Explosives Market, by Geography, 2015 – 2025 (Kilotons, US$ Mn)
6.1. Overview
6.2. North America Industrial Explosives Market Analysis, 2015 – 2025
6.2.1. North America Industrial Explosives Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
6.2.2. North America Industrial Explosives Market, by Application, 2015 – 2025 (Kilotons, US$ Mn)
6.2.3. North America Industrial Explosives Market, by Country, 2015 – 2025 (Kilotons, US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Industrial Explosives Analysis, 2015 – 2025
6.3.1. Europe Industrial Explosives Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
6.3.2. Europe Industrial Explosives Market, by Application, 2015 – 2025 (Kilotons, US$ Mn)
6.3.3. Europe Industrial Explosives Market, by Country, 2015 – 2025 (Kilotons, US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. France
6.3.3.4. Rest of Europe
6.4. Asia Pacific Industrial Explosives Market Analysis, 2015 – 2025
6.4.1. Asia Pacific Industrial Explosives Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
6.4.2. Asia Pacific Industrial Explosives Market, by Application, 2015 – 2025 (Kilotons, US$ Mn)
6.4.3. Asia Pacific Industrial Explosives Market, by Country, 2015 – 2025 (Kilotons, US$ Mn)
6.4.3.1. Japan
6.4.3.2. China
6.4.3.3. India
6.4.3.4. Rest of APAC
6.5. Latin America Industrial Explosives Market Analysis, 2015 – 2025
6.5.1. Latin America Industrial Explosives Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
6.5.2. Latin America Industrial Explosives Market, by Application, 2015 – 2025 (Kilotons, US$ Mn)
6.5.3. Latin America Industrial Explosives Market, by Country, 2015 – 2025 (Kilotons, US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Rest of Latin America
6.6. Middle East & Africa (MEA) Industrial Explosives Market Analysis, 2015 – 2025
6.6.1. MEA Industrial Explosives Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
6.6.2. MEA Industrial Explosives Market, by Application, 2015 – 2025 (Kilotons, US$ Mn)
6.6.3. MEA Industrial Explosives Market, by Region, 2015 – 2025 (Kilotons, US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of MEA

Chapter 7. Company Profiles
7.1. Orica Ltd.
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. AEL Mining Services
7.2.1. Business Description
7.2.2. Financial Information (Subject to data availability)
7.2.3. Product Portfolio
7.2.4. Key Developments
7.3. Enaex S.A.
7.3.1. Business Description
7.3.2. Financial Information (Subject to data availability)
7.3.3. Product Portfolio
7.3.4. Key Developments
7.4. EXSA S.A.
7.4.1. Business Description
7.4.2. Financial Information (Subject to data availability)
7.4.3. Product Portfolio
7.4.4. Key Developments
7.5. Austin Powder Company
7.5.1. Business Description
7.5.2. Financial Information (Subject to data availability)
7.5.3. Product Portfolio
7.5.4. Key Developments
7.6. MAXAM Corp.
7.6.1. Business Description
7.6.2. Financial Information (Subject to data availability)
7.6.3. Product Portfolio
7.6.4. Key Developments
7.7. Solar Industries India Limited
7.7.1. Business Description
7.7.2. Financial Information (Subject to data availability)
7.7.3. Product Portfolio
7.7.4. Key Developments
7.8. Hubei Kailong Chemical Group Co., Ltd
7.8.1. Business Description
7.8.2. Financial Information (Subject to data availability)
7.8.3. Product Portfolio
7.8.4. Key Developments
7.9. Davey Bickford
7.9.1. Business Description
7.9.2. Financial Information (Subject to data availability)
7.9.3. Product Portfolio
7.9.4. Key Developments
7.10. Dyno Nobel
7.10.1. Business Description
7.10.2. Financial Information (Subject to data availability)
7.10.3. Product Portfolio
7.10.4. Key Developments

List of Figures

FIG. 1 Industrial Explosives: Market Segmentation
FIG. 2 Attractive Investment Proposition, by Geography
FIG. 3 Global Industrial Explosives Market Value, by Type, 2016 (Share, %)
FIG. 4 Global Biomass Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 5 Global Forage Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 6 Global Grain Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 7 Global Sweet Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 8 Global Industrial Explosives Market Value, by Application, 2016 vs. 2025 (Share, %)
FIG. 9 Global Industrial Explosives in Biofuel Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 10 Global Industrial Explosives in Human Feed Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 11 Global Industrial Explosives in Livestock Feed Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 12 Global Industrial Explosives in Others Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 13 Global Industrial Explosives Market Value, by Geography, 2016 (Share, %)
FIG. 14 U.S. Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 15 Canada Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 16 U.K. Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 17 Germany Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 18 Spain Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 19 France Industrial Explosives Market, 2015-2025 (Kilotons, US$ Mn)
FIG. 20 Italy Industrial Explosives Market, 2015-2025 (Kilotons, US$ Mn)
FIG. 21 Rest of Europe Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 22 Japan Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 23 China Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 24 India Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 25 Rest of Asia Pacific Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 26 Brazil Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 27 Mexico Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 28 Rest of Latin America Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 29 GCC Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 30 Rest of Middle East and Africa Industrial Explosives Market, 2015 – 2025 (Kilotons, US$ Mn)

List of Tables

TABLE 1 Global Industrial Explosives Market, by Type, 2015 – 2025 (Kilotons)
TABLE 2 Global Industrial Explosives Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 3 Global Industrial Explosives Market, by Application, 2015 – 2025 (Kilotons)
TABLE 4 Global Industrial Explosives Market, by Application, 2015 – 2025 (US$ Mn)
TABLE 5 Global Industrial Explosives Market, by Geography, 2015 – 2025 (Kilotons)
TABLE 6 Global Industrial Explosives Market, by Geography, 2015 – 2025 (US$ Mn)
TABLE 7 North America Industrial Explosives, by Type, 2015 – 2025 (Kilotons)
TABLE 8 North America Industrial Explosives, by Type, 2015 – 2025 (US$ Mn)
TABLE 9 North America Industrial Explosives, by Application, 2015 – 2025 (Kilotons)
TABLE 10 North America Industrial Explosives, by Application, 2015 – 2025 (US$ Mn)
TABLE 11 North America Industrial Explosives, by Country, 2015 – 2025 (Kilotons)
TABLE 12 North America Industrial Explosives, by Country, 2015 – 2025 (US$ Mn)
TABLE 13 Europe Industrial Explosives, by Type, 2015 – 2025 (Kilotons)
TABLE 14 Europe Industrial Explosives, by Type, 2015 – 2025 (US$ Mn)
TABLE 15 Europe Industrial Explosives, by Application, 2015 – 2025 (Kilotons)
TABLE 16 Europe Industrial Explosives, by Application, 2015 – 2025 (US$ Mn)
TABLE 17 Europe Industrial Explosives, by Country, 2015 – 2025 (Kilotons)
TABLE 18 Europe Industrial Explosives, by Country, 2015 – 2025 (US$ Mn)
TABLE 19 Asia-Pacific Industrial Explosives, by Type, 2015 – 2025 (Kilotons)
TABLE 20 Asia-Pacific Industrial Explosives, by Type, 2015 – 2025 (US$ Mn)
TABLE 21 Asia-Pacific Industrial Explosives, by Application, 2015 – 2025 (Kilotons)
TABLE 22 Asia-Pacific Industrial Explosives, by Application, 2015 – 2025 (US$ Mn)
TABLE 23 Asia-Pacific Industrial Explosives, by Country, 2015 – 2025 (Kilotons)
TABLE 24 Asia-Pacific Industrial Explosives, by Country, 2015 – 2025 (US$ Mn)
TABLE 25 Latin America Industrial Explosives, by Type, 2015 – 2025 (Kilotons)
TABLE 26 Latin America Industrial Explosives, by Type, 2015 – 2025 (US$ Mn)
TABLE 27 Latin America Industrial Explosives, by Application, 2015 – 2025 (Kilotons)
TABLE 28 Latin America Industrial Explosives, by Application, 2015 – 2025 (US$ Mn)
TABLE 29 Latin America Industrial Explosives, by Country, 2015 – 2025 (Kilotons)
TABLE 30 Latin America Industrial Explosives, by Country, 2015 – 2025 (US$ Mn)
TABLE 31 Middle East and Africa Industrial Explosives, by Type, 2015 – 2025 (Kilotons)
TABLE 32 Middle East and Africa Industrial Explosives, by Type, 2015 – 2025 (US$ Mn)
TABLE 33 Middle East and Africa Industrial Explosives, by Application, 2015 – 2025 (Kilotons)
TABLE 34 Middle East and Africa Industrial Explosives, by Application, 2015 – 2025 (US$ Mn)
TABLE 35 Middle East and Africa Industrial Explosives, by Country, 2015 – 2025 (Kilotons)
TABLE 36 Middle East and Africa Industrial Explosives, by Country, 2015 – 2025 (US$ Mn)
TABLE 37 Orica Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 38 AEL Mining Services: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 39 Enaex S.A.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 40 EXSA S.A.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 41 Austin Powder Company: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 42 MAXAM Corp.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 43 Solar Industries India Limited: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 44 Hubei Kailong Chemical Group Co., Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 45 Davey Bickford: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 46 Dyno Nobel: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)

Frequently Asked Questions

What is the size of Industrial Explosives Market?

The market for Industrial Explosives Market is expected to reach US$ XX Mn by 2025.

What is the Industrial Explosives Market CAGR?

The Industrial Explosives Market is expected to see significant CAGR growth over the coming years, at 6.5%.

What is the Forecast period considered for Industrial Explosives Market?

The report is forecasted from 2017-2025.

What is the base year considered for Industrial Explosives Market?

The base year of this report is 2016.

Who are the major players in this market?

Orica Ltd., AEL Mining Services, EXSA S.A., Enaex S.A., Austin Powder Company, MAXAM Corp. are some of the major players in the global market.

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