Global Explosives Industry Report: Country Overview; Value Chain Analysis; Production Process; Cost Structure; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Negotiation Levers, Pricing Model, Key Factors Influencing the Quotation; Key Supplier Analysis, 2022-2027

Explosives Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices

The global Explosives market reached a value of about 15.84 MMT in 2021. The industry is projected to grow at a CAGR of around 4.1% in the forecast period of 2022-2027 to reach a value of about 21.34 MMT by 2027.

The global Explosives industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The market surges due to the rising mining and construction activities that widely employ explosives. The key demand indicator is the highest category spender in the industry report by region—North America.

Industry Definition and Segmentation

An explosive (or explosive material) is a reactive substance with a large amount of potential energy that, if released quickly, may cause an explosion, generally accompanied by light, heat, sound, and pressure. Any chemical or technology that can be manufactured to create a large volume of rapidly expanding gas in a short period is considered explosive. The Explosives industry report comprises segments by end-use (Coal Mining, Metal Mining, Quarrying/ Non-Metal, Construction) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).

North America Region is Driving the Growth of the Industry

The North American region holds the largest share of the industry as the United States maintains a majority of key industry players. Construction is the explosives market's fastest-growing category in the region. The government has recently announced several new building and development projects, which will increase demand for industrial explosives in the nation. There is also extensive mining activity in the country, driving up demand for industrial explosives.

The market is being driven by the extensive use of explosives in the mining and construction industry. Industrial explosives are used in the mining, quarrying, and building industries. Compared to typical mechanical drills, industrial explosives can blast a more extensive area in the same period, lowering excavation time and labour expenses. The market is being fueled by an increase in the usage of industrial explosives in the construction sector for tunnelling and other applications and a preference among construction professionals to employ industrial explosives to reduce time and labour costs. The rise in demand for earth minerals such as bauxite, iron ore, coal, and rare earth metals such as gold and silver, which are found deep inside the earth's crust, is a significant industry driver. The fall in ore grades has resulted in increased exploration activity, accelerating the industry's expansion.

However, price fluctuations in ammonia and the adoption of strict restrictions for the storage and transportation of industrial explosives are likely to hamper the market's growth.

Best Procurement Practices

The global Explosives industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Explosives producing and utilising regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Explosives are utilised in materials science and engineering cladding (explosion welding). A thin plate of one material is layered on top of a thick layer of another material, usually metal. An explosive is placed on top of the thin layer, and then the explosion begins one end of the explosive layer. The two metallic layers are pressed together rapidly and with significant force. The explosion propagates throughout the explosive from the point of commencement. This should result in a metallurgical link between the two layers. The mixing of the two metals and their surface chemistries over some percentage of the depth tends to be mixed in some fashion because the amount of time the shock wave spends at each place is limited. When the end of the material is reached, it's conceivable that part of the surface material from either layer is expelled. As a result, the mass of the now "welded" bilayer might be smaller than the sum of the two original layers' masses.

Advancements in the Sector, Further Driving the Procurement of Explosives

The growing population and fast urbanisation are creating enormous prospects for current and future industrial and commercial operations that require explosives for various objectives. Demand is rising because of continuous advances in the transportation, business, and residential sectors. The tunnel-building industry has been increased in recent years due to increased transportation construction operations for trains and highways. Furthermore, government activities in many nations to exploit rich subterranean mineral resources to improve GDP are furthering the market growth. The mining sector has undergone a digital transformation due to rising demand for minerals and metals, as well as pressure to enhance output cost-effectively, which is likely to drive demand for industrial explosives. Furthermore, future mining potential in the deep sea, space and abandoned mines will likely provide considerable opportunities for explosive industrial makers.

The regional markets for the industry can be divided into Europe, the Asia Pacific, North America, South America, and the Middle East and Africa.

Key Industry Players Mentioned in the Explosives Industry Report

  • Orica Limited
  • Dyno Nobel
  • AECI Mining Explosives
  • Enaex
  • Bulk Mining Explosives (Pty) Ltd.

Market Landscape

Due to an increase in demand for industrial explosives in the mining sector, the key players in the global industrial explosives market have concentrated on strategic expansion of production capabilities, followed by new product advancements. Industrial explosives are becoming more convenient due to further research and advances in the sector and are easier to store and supply for producers. Many major manufacturers have begun preparing and delivering bulk explosives on-site, and others are expected to follow suit to stay up with the industry's fast-paced environment. To address the growing global demand for explosives, most industry players are involved in commercial explosives export.

Key Initiatives by Companies

  • Orica announced the $302 million acquisition of Exsa, an industrial explosives manufacturer and distributor situated in Peru, South America, in February 2020. Orica is projected to become one of the top companies in South America due to the purchase, which is likely to improve the company's production base, drive competitive advantage, and strengthen its position in the region. Exsa is a Peruvian firm that specialises in rock fragmentation solutions for the infrastructure and mining industries.
  • AEL- Intelligent Blasting has aspirations to create environmentally friendly mining solutions in Francophone West Africa. The firm stated in July 2019 that it would develop an eco-formulation of surface emulsion that will use waste oil created by mines to assist industries in minimising their carbon footprint.

1.    Executive Summary
2.    Global Explosives Market Snapshot

    2.1.    Explosives Market Outlook
    2.2.    Explosives Industry Analysis by End Use
        2.2.1.    Coal Mining 
        2.2.2.    Metal Mining
        2.2.3.    Quarrying/ Non-Metal
        2.2.4.    Construction
    2.3.    Regional Overview
        2.3.1.    North America
        2.3.2.    Asia
        2.3.3.    Latin America
        2.3.4.    Australia
        2.3.5.    Africa
3.    Impact of Recent Events 
4.    Explosives Value Chain Analysis 
5.    Explosives Production Process
6.    Trade Analysis 
7.    Major Risk Factors in Sourcing
8.    Explosives Cost Structure
9.    Explosives Price Analysis 
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    Explosives Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    SWOT Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Feedstock Market Analysis 
    13.1.    Market Overview
    13.2.    Price Analysis 
14.    Industry Best Practices
    14.1.    Sourcing Strategy
    14.2.    Procurement Model
    14.3.    Contract Structure
    14.4.    Negotiation Levers
    14.5.    Pricing Model
    14.6.    Key Factors Influencing the Quotation 
15.    Key Supplier Analysis
    15.1.    Orica Limited
    15.2.    Dyno Nobel 
    15.3.    AECI Mining Explosives
    15.4.    Enaex
    15.5.    Bulk Mining Explosives (Pty) Ltd.

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Key Questions Answered in the Report

The global Explosives market size was valued at 15.84 MMT in 2021.

As per the end-use provided, the Coal Mining segment is anticipated to lead the market between the period 2022 – 2027.

The significant demand for explosives in the mining and construction sector is one of the essential drivers of the Explosives market growth.

Enaex S.A., Yara International ASA, Orica Limited, MaxamCorp. Holding, S.L., Austin Powder Company, Sasol Limited, and Dyno Nobel Inc are some of the leading companies in the market.

The North American region of the Explosives industry holds a significant share in the market.

Analyst Review

The global Explosives market attained a value of 15.84 MMT in 2021, driven by rising international mining and construction activities. The product finds application in excavation and reduces the labour costs furthering the market demand. Furthermore, government initiatives for the construction sector are propelling the industry's expansion. Aided by the increasing exploration activities, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 4.1%. The market is projected to reach 21.34 MMT by 2027.

Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition. Some of the leading players in the industry are Epiroc AB, Sandvik AB, Caterpillar Inc., Komatsu Ltd., Liebherr-International Deutschland GmbH, and Hitachi Construction Machinery Co, Ltd.

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