Blasting Stemming Plugs Market- Recent Study Including Growth Factors, Regional Analysis and Forecast till 2023 by Key Players - PowerPoint PPT Presentation

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Blasting Stemming Plugs Market- Recent Study Including Growth Factors, Regional Analysis and Forecast till 2023 by Key Players

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Get Free Sample Request @ Blasting Stemming Plugs Market is Estimated to Be Valued at USD 646.9 Million by 2023, registering a CAGR of 4.97%. The growth of the global blasting stemming plugs market is driven by the growing mining industry. The increasing investments in new mining projects are expected to boost the demand for blasting stemming plugs. – PowerPoint PPT presentation

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Title: Blasting Stemming Plugs Market- Recent Study Including Growth Factors, Regional Analysis and Forecast till 2023 by Key Players


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Blasting Stemming Plugs Market Research Report -
Global Forecast till 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
REQUEST SAMPLE
VIEW REPORTS
3
Blasting Stemming Plugs Market - 2023
Global Blasting Stemming Plugs Market
Information by Material Type (Crushed Stone
Chips, Coarse Sand, Fast Hardening Concretes and
others), End-Use Industry (Mining and
Construction) and Region (North America, Europe,
Asia-Pacific, Latin America and the Middle East
Africa) - Forecast till 2023 Market Research
Future has Published a Cooked Research Report on
the Global Blasting Stemming Plugs
Market. Market Highlights The Global Blasting
Stemming Plugs Market is Estimated to Be Valued
at USD 646.9 Million by 2023, registering a CAGR
of 4.97. The growth of the global blasting
stemming plugs market is driven by the growing
mining industry. The increasing investments in
new mining projects are expected to boost the
demand for blasting stemming plugs. Additionally,
the expanding construction industry due to an
increase in commercial construction particularly
tunnels, bridges, and underground construction is
expected to fuel the demand for blasting stemming
plugs. The surging demand for metals in the
automotive and electrical electronics
industries is expected to offer significant
opportunities to the players operating in global
blasting stemming plugs market in the coming
years. However, increasing environmental
regulations in the mining industry to prevent the
adverse impact of mining activities on the
environment is likely to hamper the global market
growth.
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Blasting Stemming Plugs Market - 2023
Segment Analysis The global blasting stemming
plugs market has been segmented on the basis of
type, end-use industry, and region. On the basis
of type, the global market has been divided into
crushed stone chips, coarse sand, fast hardening
concretes, and others. The crushed stone chips
segment held the majority market share in 2017
and is expected to register 5.26 CAGR to reach
USD 307.1 Million by the end of 2023. Crushed
stone chips are widely used as stemming materials
in blasting applications as they provide high
fragmentation efficiency as compared to other
stemming materials. However, the coarse sand
segment is projected to be the second-largest
segment and is expected to reach USD 213.2
Million by 2023. This is attributed to the
growing demand for stemming materials in the
mining industry on account of increased spending
on mining projects to meet the global demand.
However, crushed stone chips are preferred over
coarse sand due to low cost and high
fragmentation efficiency. Based on end-use
industry, the global market has been divided into
mining and construction. The mining segment
accounted for the larger market share in 2017 and
is expected to register 5.32 CAGR to reach USD
449.1 Million by the end of 2023. The increasing
extraction of metals primarily lithium on account
of rising demand in numerous applications, such
as electric vehicles and consumer electronics,
has increased mining activities. However, the
construction segment is expected to exhibit a
CAGR of 4.20 to reach USD 197.8 Million by the
end of 2023. Market Players Market Research
Future (MRFR) recognizes MOCAP (US), Advanced
Blasting Technology Inc (US), Superplug SA (South
Africa), Stemlock, Inc (US), AMA Group (India),
AECE (South Africa), Paraplug (US) and Vala
Stemming Systems (South Africa) as the key
players in the Global Blasting Stemming Plugs
Market.
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Blasting Stemming Plugs Market - 2023
Regional Analysis The Global Blasting Stemming
Plugs Market, by region, has been segmented into
North America, Europe, Asia-Pacific, Latin
America, and the Middle East Africa. As per
MRFR analysis, Asia-Pacific held the largest
market share of 44.1 in 2017 and is expected to
register 5.59 CAGR to reach USD 295.3 Million by
the end of 2023. China accounted for the largest
market share of 29.2 in 2017 and is projected to
register a CAGR of 6.00 during the forecast
period. North America accounted for the
second-largest market share of 18.8 in 2017 and
is expected to register 4.32 CAGR during the
review period. The market in the Middle East
Africa is likely to register a CAGR of around
4.87 on account of the growing mining industry
in the region. Key Findings of the Study The
global blasting stemming plugs market is
projected to reach over USD 646.9 Million by 2023
at a 97 CAGR during the review period of 2018 to
2023. Asia-Pacific accounted for the largest
market share, with China being the major
contributor to the growth of the market. The
crushed stone chips material type segment is
projected to register 26 CAGR during the
forecast period.
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ABOUT US
MARKET RESEARCH FUTURE At Market Research Future
(MRFR), we enable our customers to unravel the
complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports
(3R), Continuous-Feed Research (CFR), and Market
Research Consulting Services. MRFR team have
supreme objective to provide the optimum quality
market research and intelligence services to our
clients. Our market research studies by products,
services, technologies, applications, end users,
and market players for global, regional, and
country level market segments, enable our clients
to see more, know more, and do more, which help
to answer all their most important questions. In
order to stay updated with technology and work
process of the industry, MRFR often plans
conducts meet with the industry experts and
industrial visits for its research analyst
members. For more information kindly visit
www.marketresearchfuture.com or contact us at
info_at_marketresearchfuture.com Copyright 2018
Market Research Future All Rights Reserved. This
document contains highly confidential information
and is the sole property of Market Research
Future. No part of it may be circulated, copied,
quoted, or otherwise reproduced without the
written approval of Market Research Future.
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