Global Mining Explosive Market is projected to reach USD 12,729.4 Million by 2023 with 6.38% CAGR during review period of 2017-2023

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Mining Explosive Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Mining Explosive Market - 2023
Mining Explosive Market Research
Report by Type (ANFO, Ammonium Nitrate
Explosives, Bulk Emulsion Explosives, Cartridge
Emulsion Explosives, Others), by Application
(Coal Mining, Metal Mining, Quarry Non-Metal
Mining), and Region Global Forecast till
2023 Overview Rapid industrialization across the
globe, triggered by the need to emerge as an
economic superpower has paved the way for the
mining industry. Its impact on industrialization
is fair and square, and deservingly, the mining
explosive industry is receiving the pat. Liquid
fuel, steel, infrastructure development, and
metal commodities are sectors that provide
much-needed traction. Mining explosives can be
deemed as low explosives and high explosives. Low
explosives are mostly black powder and are used
for cost-efficiency. But high explosives are more
effective as the shock wave generated is much
greater than the low explosives. Based on the
source and stimulus strength, high explosives are
often graded as primary, secondary, and tertiary.
In a controlled setup in mining, engineers use
explosives to excavate metals and other
components. Other technique includes gas pressure
blasting pyrotechnics. The global mining
explosive market was valued at USD 8,830.6
million in 2017, which with a 6.38 CAGR can go
up to USD 12,729.4 million during the forecast
period (2018-2023). Volume-wise, the mining
explosive market growth can reach 18,261.3
kilotons (KT) by the end of 2023 from the overall
consumption amount of 13,100.5 KT in 2017. Market
Research Future (MRFR) in a comprehensive study
includes several aspects such as drivers and
segmental analysis topped with expert inputs for
predictive analysis of the market in the coming
years.
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Mining Explosive Market - 2023
Segmentation By type, the mining explosive
market can be segmented into ammonium nitrate
fuel oil (ANFO), ammonium nitrate explosives,
bulk emulsion explosives, cartridge emulsion
explosives, and others. Applications in the
mining explosive market includes coal mining,
metal mining, quarry, and nonmetal
mining. Regional Analysis Based on the regional
analysis, the global mining explosive market
namely tags North America, Europe, Asia Pacific
(APAC), Latin America, and the Middle East
Africa (MEA). In 2017, the APAC market dominated
with 45.3 of the global market. North America
trailed behind with 19 share of the market in
the same year. Europe has 14.8 and is in the
third spot. Latin America and the MEA market
meagerly contribute to global growth. Competitive
Analysis Leading players to impact the mining
explosive market are 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), NITROERG SA (Poland), Forcit Group
(Finland), TITANOBEL (France), Solar Industries
India Ltd. (India), MAXAMCorp Holding, S.L.
(Spain), Orica Limited (Australia), IDL
Explosives Limited (India), Enaex S.A. (Chile),
ANHUI JIANGNAN CHEMICAL INDUSTRY CO., LTD
(China), China Poly Group Corporation (China),
Bulk Mining Explosives (Pty) Ltd. (South Africa),
NOF Corporation (Japan), and IDEAL Industrial
Explosives Ltd. (India).
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Mining Explosive Market - 2023
Research Methodology Immaculate strategies and
detailed analysis of data serve as the foundation
stone of the report. Deft analysts of the Market
Research Future (MRFR) used the primary and
secondary methods to rise to the occasion. The
primary report includes a detailed discussion
with market doyens, interviews, first-hand
researches, and skillful analysis of the same,
whereas, the secondary method includes a
bottom-up and top-down approaches for a
comprehensive overview. In addition, expert
inputs have been included for a holistic
understanding of the market in the coming
years. Analysis Period Base Year 2017,
Projection Period - 2018 to 2023 Market Valuation
- USD Million Market Volume - Kilotons Type ANFO A
mmonium Nitrate Explosives Bulk Emulsion
Explosives Cartridge Emulsion Explosives Others Ap
plication Coal Mining, Metal Mining, Quarry
Non-Metal Mining
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