Dynamite Market Price Trend, Global Analysis, Size Estimation, Industry Share, Future Growth and Forecast 2019 to 2023

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Dynamite Market Research Report - Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Dynamite Market Research Report- Forecast to 2023
Dynamite Market - Overview
Global Dynamite (Explosives) Market is projected
to reach USD 17,973.7 million by 2023 at a CAGR
of 5.67 by the end of the forecast period
2017-2023. Increasing development projects such
as roads, airports, and railways coupled with
growing number of housing projects are expected
to augment the market growth. Higher production
of coal implies higher penetration of explosives.
Thus, economic and infrastructural growth leads
to a rise in the coal demand. Moreover,
increasing demand for ammunition products for the
national security of the region and acute need
for higher energetic explosives are encouraging
RD investments in end-use industries. However,
stringent regulations regarding health safety and
toxic emission may hinder the market
growth. Currently, the market is witnessing a
high demand for energy due to industrialization
and urbanization. For instance, the global energy
consumption was pegged at 575 quadrillion British
thermal units (Btu) in 2015 which is expected to
be pegged at 736 quadrillion Btu towards the end
of 2040. Thus, considering this growth coupled
with the increasing population and rising
investment in the mining industry, the global
market for explosives is expected to register a
healthy growth over the forecast period.
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Dynamite Market Research Report- Forecast to 2023
Segmental Analysis
The Global Explosives Market is segmented based
on Grade, Type, Application, and Region. Based on
the Type, explosives are segmented as bulk
explosives, cartridges of explosives, ammonium
nitrate fuel oil (ANFO), nitroglycerine, and
others. The bulk explosives accounted for 47
share of the market in 2016 followed by ANFO and
cartridges of explosives. The adoption of the
bulk emulsion explosives is increasing owing to
the cost-effectiveness as compared to cartridge
emulsion explosives. Ammonium nitrate fuel oil is
prominent and cost-effective blasting agent
available for use in small to large size diameter
applications. It is basically dry, free-flowing
explosive, formulated to ensure effective use in
underground development and tunneling
applications. Moreover, ample supply of ammonium
nitrate, a key raw material to produce explosives
from countries like China, Russia, India, the
United States, and Africa is expected to drive
the demand for ANFO based Explosives in the
coming years. Based on the Application,
explosives are used in mining, construction,
quarrying, and defense industry. Among the
applications, mining industry accounted for 68
share of the market in 2016 and is estimated to
reach USD 12,414.9 million by 2023. Coal mining
is the most prominent application of mining
industry. Increase in government expenditure
towards extraction of coal from the surface or
underground mines and deploying advanced
technologies to extract mineral rich resources at
a deeper level are anticipated to drive the
Explosives Market in mining segment. For
instance, the government of India announced an
investment of USD 100 million for underground
mines. View Full Press Release _at_
https//www.marketresearchfuture.com/reports/dynam
ite-market-5660

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Dynamite Market Research Report- Forecast to 2023
Regional Outlook
Geographically, Asia Pacific region dominates
the Global Dynamite Market. The region is
estimated to reach USD 8,298.4 million by 2023 at
a CAGR of 6.05 by the end of the forecast period
2017-2023. China and Australia are leading
countries in this region due to rich in mineral
deposits and growing number of infrastructural
projects. Manufacturers are investing in advance
technology for mineral extraction at a deeper
level to meet the demand of metal and non-metal
industry. Furthermore, Indian government
initiative of 100 FDI in the construction
industry coupled with defense expenditure of USD
53 billion by 2017-2018 is likely to boost the
overall explosives market. Europe and North
America witnessed a sluggish growth. Substantial
growth in road development projects and
transportation industry is expected to drive the
explosives market in regions.
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Dynamite Market Research Report- Forecast to 2023
Major Players in this Research

• Dynamite Market Prominent Players
• Hanwha Corp
• Austin Powder Gmbh
• EPC Groupe
• Nitroerg SA
• Forcit Group
• Titanobel
• Solar Industries India Ltd
• MAXAMCorp Holding, S.L.
• Orica Limited
• IDL Explosives
• Anhui Jiangnan,
• BME and Ideal Industrial Explosives Ltd

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