The history of industrial explosive started in 1650, with the records found which are related to usage of Chinese black powder for military purposes. Black powder is no longer in use; the composition of industrial explosives has changed with time and rapid changes in the industry. Industrial explosives are chemicals having high degree of explosion and are used for various areas which include mining, quarrying, gas and oil exploration, construction work and many others. The global market is regulated by many regional regulatory authorities keeping in mind the sensitivity of explosive materials and safety of environment. Industrial explosives are developed with extensive research to meet the desired strength and safety.
The report explains the global industrial explosives market segmented on the basis of type, class, application and geography. Global industrial explosives market is classified into different types such as ammonium nitrate fuel oil (ANFO), water gel explosives, emulsion explosives, nitrogen explosives and others. Industrial explosives exist in various classes such as permissible, blasting agents and oxidizers, and other high explosives. Application areas of industrial explosives include coal mining, quarrying and non-metal mining, metal mining, construction work and others various purposes. Each of these segments is further broken down to give an in-depth analysis of the market. The report analyses the industrial explosives market in various applications and covers the market demand with respective regions.
The product types such as ANFO Explosives, Water Gel Explosives and others lead to increase in velocity of detonation (VOD); thereby, having a superior impact in blasting. ANFO explosives consist of a water soluble ammonium substance. ANFO is mostly acceptable type of explosive in the market followed by water gel explosives. Nitrogen explosives demand is declining due to adverse environmental effects from the fumes developed after using such explosives.
Asia-Pacific region has the highest market share that is xx% of the global industrial explosives market. In the APAC region, China is one of the major manufacturers of industrial explosives and has accounted for xx% of market share. The European market is relatively smaller as compared to the APAC; however, it is growing rapidly as well with the high CAGR. The demand for industrial explosives in the Asia-Pacific region is expected to continue in the near future also.
This report provides detailed information about the product value chain right from the beginning which includes raw materials till end-use. The market is evaluated based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
Sample Companies profiled in this report are:
AEL Mining Services Limited,
The study includes the demand of this particular market on a global and regional scale for a six-year period of 2016-2021, both in terms of volume (kilo tons) and revenue ($ million).