Industrial Explosive Market
Industrial Explosive Market Study by Bulk Explosives and Packaged Explosives for Mining and Construction from 2024 to 2034
Analysis of Industrial Explosive Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Industrial Explosive Market Outlook (2024 to 2034)
Global revenue from the industrial explosive market is estimated at US$ 13.82 billion in 2024 and is projected to increase at a CAGR of 6.3% to reach US$ 25.45 billion by the end of 2034. Main factors driving market growth are the increase in mining activity and the rising demand for coal and different rare earth metals, including bauxite, gold, iron, ore, silver, and surface minerals across several industrial verticals.
The market is projected to grow at a steady pace as a result of the advantageous actions taken by national and international governments to promote the use of industrial explosives for the extraction of valuable subterranean mineral resources. Due to the strategic alliances of key stakeholders and the rapid advancement of technology, deeper deposits of underground mines can now be safely and effectively blasted with semi-automated explosive delivery systems.
Key Market Growth Drivers
- Due to the growing need for explosives in the mining industry, the market for industrial explosives is projected to expand during the forecast period. Moreover, the growth of the mining sector is projected to bolster market expansion.
- Increasing emphasis by governments and mining companies on efficient resource extraction combined with increasing disposable income has led to a rise in the use of industrial explosives in mining operations, which in turn is fueling the global market's expansion of industrial explosives.
- Semi-automated explosive delivery systems have been developed as a result of strategic alliances between significant players and the quick development of technology. These systems make it possible to blast deeper underground mine deposits more safely and effectively. Consequently, this makes a significant contribution to market expansion.
- Industrial explosives are becoming easier to use for end users and easier for manufacturers to store and deliver due to developments in this field.
- Leading industry players prepare and deliver large explosives on-site, and other producers may follow suit to maintain their position at the top of the market and keep up with the changing landscape.
- Many countries are working to facilitate and expand their transportation sectors by constructing roads, railroads, and tunnels through rocky mountains and uneven terrains.
| Report Attribute | Detail |
|---|---|
| Industrial Explosive Market Size (2024E) | US$ 13.82 Billion |
| Forecasted Market Value (2034F) | US$ 25.45 Billion |
| Global Market Growth Rate (2024 to 2034) | 6.3% CAGR |
| East Asia Market Share (2024E) | 25.9% |
| North America Market Share (2024E) | 18.4% |
| Bulk Explosives Segment Value (2024E) | US$ 7.77 Billion |
| Key Companies Profiled | Orica Limited; Exsa S.A.; Eurenco SA; Enaex S.A.; AEL Mining Services Ltd.; Austin Powder Company; Irish Industrial Explosives Ltd.; Solar Industries; LSB Industries; BME Mining. |
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Which Industrial Explosive Market Trends are Advantageous for Manufacturers?
“Adoption of Mobile Explosive Manufacturing Units and Need for Coal in Electricity Generation”
Mining is the only method of obtaining rare elements present on earth. To maintain the economy, a wide range of minerals and metals are mined extensively. Due to rising personnel costs and a growing emphasis on lowering overall turnaround times, several mining giants are turning to industrial explosives for earth moving and mine excavation.
Large explosives are also required for mining operations, such as metal, non-metal, and quarrying mining. Explosives and drilling are the two primary techniques for obtaining coal for power generation. In the United States, out of the total coal that is extracted, 90% is used to generate electricity. Additionally, the rise in demand for iron and bauxite ores from various industrial uses has a significant impact on the mining industry's increased need for industrial explosives, which in turn is fueling market expansion. Mobile explosive manufacturing units are also contributing to overall sales of industrial explosives.
- The longest highway tunnel in the world, measuring 9.02 km and rising 10,000 feet above sea level, was opened in the Indian state of Himachal Pradesh in 2021.
What is Restricting Industrial Explosive Market Growth?
“Increasing Manufacturing Cost of Ammonium Nitrate Used for Making Explosives”
Industrial explosives are made of hazardous substances and can release gases such as nitric oxide and carbon dioxide. Many governments have passed strict regulations governing the use and storage of industrial explosives.
Mining companies are using industrial explosives because they are a more practical and cost-effective option than mechanical excavation techniques. The primary raw material used to create industrial explosives is ammonium nitrate. The price of ammonium nitrate is determined by the availability of ammonia, which is dependent on natural gas prices. With the increased cost of manufacturing caused by the rising price of natural gas, ammonium nitrate is becoming more expensive.
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Country-wise Insights
North America has emerged as one of the most profitable markets in the mining industry players due to the presence of several international mining and construction companies. India is a key player in the South Asian industrial explosive market.
Due to the strong demand in the nation's coal mining and quarry industries, more exploration efforts are being underway. India is also one of the world's fastest-growing nations, and its rapid industrialization raises the need for high power supplies and raw materials for manufacturing. India is also the world's second-largest producer of coal, which is fueling the growth of the country's mining sector, which in turn is boosting demand for industrial explosives.
Why are Sales of Industrial Explosives Rising in the United States?
“Rich Mineral Reserves and Rising Planned Building and Development Projects”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 1.83 Billion |
| Growth Rate (2024 to 2034) | 8% CAGR |
| Projected Value (2034F) | US$ 3.96 Billion |
Stringent government regulations in the United States governing the utilization of industrial explosives for underground mineral recovery play a pivotal role in driving up the demand for explosives. With its substantial coal reserves and being a major consumer of coal, the United States presents lucrative opportunities to the industry. In addition, the country's abundant reserves of copper, iron ore, gold, platinum, and zinc contribute to shaping trends in the market.
The construction sector in the United States is robust and heavily relies on industrial explosives. The government's announcement of several new building and development projects over the coming decade is projected to further boost the demand for industrial explosives in the country. In addition, the ongoing mining operations across the nation are contributing to the expansion of the industrial explosive market size.
What are the Opportunities for Industrial Explosive Manufacturers in China?
“Increase in Mining Activity and Expansion of Infrastructure Sector”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 1.98 billion |
| Growth Rate (2024 to 2034) | 7.8% CAGR |
| Projected Value (2034F) | US$ 4.21 Billion |
China is estimated to hold 55.4% of the industrial explosive market share in East Asia in 2024. China being a significant producer of metal and coal in the world has a robust construction sector. Furthermore, the country's demand for industrial explosives had increased significantly due to an increase in mining activities and a notable expansion of the infrastructure sector.
Category-wise Insights
There are two types of explosives available in the market, bulk and packaged, occupying 56.3% and 43.7% market shares, respectively. Since mining activities depend on explosives to break and create a path through the hard rocks beneath the Earth's surface, the mining industry is a major user of industrial explosives. The global mining industry is influenced by the increasing demand for earth metals and minerals.
Expansion of the mining industry is also being fueled by new government-sponsored exploration initiatives across the world. The demand for industrial explosives is projected to increase at a steady pace as a result of the growth of end-use sectors.
Why are Bulk Explosives Preferred Over Packaged Explosives?
“Greater Cost-effectiveness of Bulk Explosives Compared to Packaged Explosives”
| Attribute | Bulk Explosives |
|---|---|
| Segment Value (2024E) | US$ 7.77 Billion |
| Growth Rate (2024 to 2034) | 6.9% CAGR |
| Projected Value (2034F) | US$ 15.11 Billion |
Bulk explosives account for 56.3% market share in 2024. Bulk explosives are predominantly utilized in detonation and mining operations, thus driving their substantial demand in the market. Manufactured directly by producers, these explosives are delivered to designated work areas on-site. Referred to as paste-form explosives, they are transported via bulk delivery trucks. The cost-effectiveness of bulk explosives compared to packaged alternatives significantly impacts market demand for this product.
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Competitive Landscape
Key players in the industrial explosive market are Orica Limited Exsa S.A., Eurenco SA, Enaex S.A., AEL Mining Services Ltd., Austin Powder Company, Irish Industrial Explosives Ltd., Solar Industries, LSB Industries, and BME Mining.
- In October 2022, Orica Limited announced that the acquisition of Axis Mining Technology. The company will have opportunities for growth in the mining value chain as a result of this deal.
- To address the mining issues in deep, complex areas, Enaex S.A., a leading company manufacturing explosives, successfully tested the remote, robotic, and autonomous loading of explosives in April 2022.
Fact.MR provides detailed information about the price points of key manufacturers of industrial explosives positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.
Segmentation of Industrial Explosive Market Research
-
By Type :
- Bulk Explosives
- Packaged Explosives
-
By End Use :
- Mining
- Construction
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034
- 4.1. Historical Analysis
- 4.2. Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Type
- 6.2. End Use
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Type
- 7.1. Bulk Explosives
- 7.2. Packaged Explosives
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use
- 8.1. Mining
- 8.2. Construction
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. East Asia
- 9.6. South Asia & Pacific
- 9.7. Middle East & Africa
- 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Sales Forecast 2024 to 2034 by Type, End Use, and Region for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Orica Limited
- 19.2. Exsa S.A.
- 19.3. Eurenco SA
- 19.4. Enaex S.A.
- 19.5. AEL Mining Services Ltd.
- 19.6. Austin Powder Company
- 19.7. Irish Industrial Explosives Ltd.
- 19.8. Solar Industries
- 19.9. LSB Industries
- 19.10. BME Mining
- 20. Assumptions and Acronyms Used
- 21. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 10: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 11: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 19: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: Latin America Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 23: Latin America Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 24: Latin America Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 28: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 29: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 30: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 31: Western Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 32: Western Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 33: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 34: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 35: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 36: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 37: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 41: Eastern Europe Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 42: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 43: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 44: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 45: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 46: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 55: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 59: South Asia & Pacific Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 60: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 61: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 62: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 63: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 64: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 65: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 66: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 67: MEA Market Value (US$ Mn) Analysis, by Type, 2019 to 2023
Table 68: MEA Market Value (US$ Mn) Analysis, by Type, 2024 to 2034
Table 69: MEA Market Value (US$ Mn) Opportunity Analysis, by Type, 2024 to 2034
Table 70: MEA Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 71: MEA Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 72: MEA Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 14: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 15: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 17: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 18: North America Market Share Analysis by Country, 2024 & 2034
Figure 19: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 20: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 21: North America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 27: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 28: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 29: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 30: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 31: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 32: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 33: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 34: Latin America Market Share and BPS Analysis by Type, 2024 & 2034
Figure 35: Latin America Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 36: Latin America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 37: Latin America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 40: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 41: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 42: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 43: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 44: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 45: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 46: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 47: Western Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 48: Western Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 49: Western Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 50: Western Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 51: Western Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 52: Western Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 53: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 54: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 55: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 56: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 57: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 58: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 59: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 60: Eastern Europe Market Share and BPS Analysis by Type, 2024 & 2034
Figure 61: Eastern Europe Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 62: Eastern Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 63: Eastern Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 64: Eastern Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 65: Eastern Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 66: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 70: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 71: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: East Asia Market Share and BPS Analysis by Type, 2024 & 2034
Figure 74: East Asia Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 75: East Asia Market Attractiveness Analysis by Type, 2024 to 2034
Figure 76: East Asia Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 77: East Asia Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 78: East Asia Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 79: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 80: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 81: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 82: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 83: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 84: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 85: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 86: South Asia & Pacific Market Share and BPS Analysis by Type, 2024 & 2034
Figure 87: South Asia & Pacific Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 88: South Asia & Pacific Market Attractiveness Analysis by Type, 2024 to 2034
Figure 89: South Asia & Pacific Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 90: South Asia & Pacific Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 91: South Asia & Pacific Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 92: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 93: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 94: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 95: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 96: MEA Market Share Analysis by Country, 2024 & 2034
Figure 97: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 98: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 99: MEA Market Share and BPS Analysis by Type, 2024 & 2034
Figure 100: MEA Market Y-o-Y Growth Projections by Type, 2024 to 2034
Figure 101: MEA Market Attractiveness Analysis by Type, 2024 to 2034
Figure 102: MEA Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 103: MEA Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 104: MEA Market Attractiveness Analysis by End Use, 2024 to 2034
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- FAQs -
How big is the industrial explosive market in 2024?
The global industrial explosive market is estimated at US$ 13.82 billion in 2024.
How is the market projected to fare in the next 10 years?
The market for industrial explosives has been forecasted to expand at 6.3% CAGR and reach US$ 25.45 billion by 2034.
What is the market in China valued at?
The market in China is calculated at a value of US$ 1.98 billion in 2024.
What is the estimated market size for Japan in 2024?
The market in Japan is forecasted to reach US$ 1.02 billion in 2024.
Which type of explosive accounts for significant sales in this market?
Bulk explosives are sales are estimated at US$ 7.77 billion in 2024.
What is the share of packaged explosives in this market?
Packaged explosives account for 43.7% market share in 2024.
What is the estimated market value for the United States in 2024?
The United States market is estimated to reach a value of US$ 1.83 billion in 2024.
Industrial Explosive Market