Pune, Maharashtra -- (SBWIRE) -- 12/12/2019 -- Mining Explosive Market 2019

Description: -

Industrial explosives refer to blasting explosives that are primarily used in the construction and mining industries. One such industrial explosive used prominently all over the world are the mining explosives. These explosives can be extensively applied to the quarrying, mining, coal mining, metal mining, as well as non-metal mining. Coal mining is one of the largest applications of mining explosives. A rise in private and public investments in different types of infrastructural sectors for tapping into the rich mineral sources has primarily contributed to the ascension of the global mining explosive market. Ascension in development projects and tunnel construction across the globe is also fuelling the demand for mining explosives.

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Major Key Players

NITROERG SA (Poland), Forcit Group (Finland), TITANOBEL (France), Solar Industries India Ltd. (India), MAXAMCorp Holding, S.L. (Spain), Enaex S.A. (Chile), ANHUI JIANGNAN CHEMICAL INDUSTRY CO., LTD (China), NOF Corporation (Japan), and IDEAL Industrial Explosives Ltd. (India), Orica Limited (Australia), IDL Explosives Limited (India), Hanwa Corp. (Republic of Korea), Incitec Pivot Ltd. (Australia), Pakistan Ordnance Factory (Pakistan), Austin Powder GmbH (Austria), Eurenco SA (France), Explosia, Inc. (Czech Republic), EPC Group (France), Yara (Norway), among others are some of the major players in the global mining explosive market.

Upscaling demand for dynamite and ammonium nitrate is anticipated to drive the global mining explosive market over the review period. Technological advancements are focused on the reduction of mineral loss extraction that provides greater control over rock fragmentation size and broken rock bulk density and has enabled superior shift dimensions without any vibrational influences in underground mines. Prospective growth in the mining explosives industry is highly reliant on the mining and metal extraction industry. Furthermore, electronic detonators are also an emerging technology that is gaining popularity in the mining explosives market.
Increasing infrastructural cost is poised to challenge the growth of the global mining explosive market.
Fast industrialization over the globe, which were activated through the need for developing as a monetary superpower has led to the development of the mining business. Such industrialization is expected to provide impetus to the global mining explosive market over the forecast period. The coal industry is providing extra traction to the global mining explosive market over the foreseeable future. Around 40% of the resources used in the power generation mix arrive from coal, which has given greater space for the mining explosive industry to flourish.

Market Segmentation

The global mining explosive market is studied for a detailed segmentation conducted based on several aspects to reveal hidden trends that are capable of altering and influencing the decision-making processes of various stakeholders in the mining explosive market. Such segmentation is carried out by type, application, and region. Based on type, the global mining explosive market is segmented into cartridge emulsion explosives, ammonium nitrate explosives, ammonium fuel oil (ANFO), bulk emulsion explosives, and others. Based on region, the global mining explosive market is segmented into coal mining, metal mining, non-metal mining, and quarry.

Detailed Regional Analysis

The global mining explosive market is segmented by Europe, North America, Asia Pacific, the Middle East & Africa, and LATAM. The Middle East & Africa is expected to emerge as the largest shareholder in the global mining explosive market over the forecast period. South Africa is likely to be a prospective growth pocket owing to the rising development projects and mineral extraction projects in the region.

Industry News

November 2019: Epiroc, a Swedish mining equipment manufacturer and a provider of commercial explosives Orica, recently entered a strategic partnership to develop a semi-automated explosives delivery system.

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Table of Contents – Major Key Points

1 Executive Summary
2 Market Introduction
3 Market Insights
4 Research Methodology
5 Market Dynamics
6 Market Factor Analysis
7 Global Mining Explosive Market, By Type
8 Global Mining Explosive Market, By Application

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