세계 광업용 폭약 시장 예측(-2030년) : 유형, 원료, 용도, 최종 사용자, 지역별 분석

According to Stratistics MRC, the Global Mining Explosives Market is accounted for $11.22 billion in 2023 and is expected to reach $21.1 billion by 2030 growing at a CAGR of 8.7% during the forecast period. Composed of chemicals like ammonium nitrate and fuel oil mixtures, these explosives are strategically employed to fragment rock efficiently. Safety measures and precise blasting techniques are crucial to minimize environmental impact and ensure worker well-being. They play a pivotal role in the extraction of minerals, breaking through hard rock formations to facilitate ore removal.

According to the World Mining Data 2021, the total production of mineral fuels is 15,435,799,404 metric tonnes. The total production of gold is 3,292,271 metric tonnes, and silver is 27,817,074 metric tonnes.

Market Dynamics:

Driver:

Expansion of extractive industries

As extractive industries, including coal, metals, and minerals mining, expand to meet growing global demands, the demand for efficient and powerful explosives rises. Increased exploration and extraction activities necessitate advanced blasting technologies for effective rock fragmentation. This heightened demand stimulates innovation in explosive formulations and initiation systems and is a key catalyst for sustained growth in the market

Restraint:

Limited access to resources

Geographical constraints, legal restrictions, or land-use conflicts can impede the industry's growth by restricting access to lucrative mining sites. This limitation hampers the exploration and extraction of valuable minerals, constraining the demand for explosives. Companies face reduced opportunities for new projects, impacting revenue streams and hindering market expansion. The negative effect extends to the broader economy, limiting job creation and economic development in regions where mining activities could contribute to local growth.

Opportunity:

Growing industrialization and infrastructure development

The increasing demand for raw materials in construction, manufacturing, and energy sectors fuels extensive mining activities. Explosives play a pivotal role in excavation and rock fragmentation for infrastructure projects, such as roads, bridges, and urban development. Thus the correlation between industrial growth and mining activities underscores the integral role of explosives in meeting the demands of burgeoning infrastructure development, contributing to the expansion and evolution of the market.

Threat:

Environmental impact of explosive usage

Stringent regulations addressing air and water pollution, habitat disruption, and noise emissions necessitate costly compliance measures. Increased scrutiny on eco-friendly practices demands innovations in less environmentally impactful explosive formulations. Public awareness of ecological concerns can lead to project delays and heightened opposition, affecting the social license to operate. The negative perception of mining activities as contributors to environmental degradation may deter investment hampering the market growth.

Covid-19 Impact

Disruptions in global supply chains, workforce limitations, and lockdown measures have hindered production and distribution. Mining operations faced delays and reduced capacities due to health and safety protocols. Fluctuations in commodity prices, triggered by economic uncertainties, further affected market dynamics. However, as economic activities gradually resume, there's resurgence in mining projects, contributing to the recovery of the explosives market.

The emulsion explosives segment is expected to be the largest during the forecast period

The emulsion explosives segment is estimated to have a lucrative growth, due to their stable and safer formulations enhance operational efficiency, minimizing the risk of accidents in mining activities. Emulsion explosives offer precise control over blast outcomes, optimizing fragmentation and reducing environmental impact. The market witnesses increased adoption due to improved safety records, regulatory compliance, and environmental considerations.

The ammonium nitrate fuel oil (ANFO) segment is expected to have the highest CAGR during the forecast period

The ammonium nitrate fuel oil (ANFO) segment is anticipated to witness the highest CAGR growth during the forecast period, as popularity stems from its simplicity, stability, and efficient energy release during detonation. Its widespread adoption, especially in surface mining, contributes to the market's growth. However, regulatory scrutiny may influence the market pushing for innovations in safer explosive formulations.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the rising demand for minerals, particularly in countries like China and India, fuels the market expansion. Infrastructure development and industrialization contribute to the upsurge in mining operations, elevating the need for efficient explosive materials. Stringent safety regulations and environmental concerns influence market dynamics, promoting innovations in eco-friendly explosive formulations.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period; owing to the rise of the metals and non-metals industries in the area is one of the primary growth factors. Due to urban public facilities and the railway network development, China is one of the fastest-growing global mining explosives markets. In India, with the expansion of the mining industry in the region, the demand for ammonium nitrate is expected to increase substantially.

Key players in the market

Some of the key players in the Mining Explosives Market include AEL Technology, Anhui Jiangnan Chemical Co Ltd, Austin Powder, BME Mining, Chemring Group PLC, China Poly Group Corporation, Dyno Nobel, Enaex - Mine, Ensign-Bickford Aerospace & Defense Company, EPC-UK, Incitec Pivot Limited, NITRO-CHEM S.A., NOF Corporation, Omnia Holdings Limited, Orica, Sasol, SBL Energy Limited, Sichuan Yahua Industrial Group Co., Lt, Solar Group - Solar Industries India Ltd and Yahua Group

Key Developments:

In January 2024, BME's partnerships drive global growth and ESG focus. through strategic partnerships. Managing Director Ralf Hennecke emphasises the significance of these markets.

In March 2023, Anhui Jiangnan Chemical Industry Co.,Ltd. agreed to acquire Shaanxi North Civil Explosives Group Co., Ltd. from North Special Energy Group Co., Ltd., Ordnance Industry Equity Investment Co., Ltd. and Xi'an Qinghua Investment Co., Ltd. for CNY 544 million.

In March 2022, AEL Sistemas strengthens Brazilian high-tech industry capacity at international fair. Company presents military and space electronic systems for defense and security, in Chile; among the highlights is the WAD for the Brazilian Gripen and the military multimission microsatellite

Types Covered:

• Dynamite
• Water Gel Explosives
• Slurry Explosives
• Emulsion Explosives
• Boosters & Primers
• Detonating Cord
• Other Types

Raw Materials Covered:

• Ammonium Nitrate Fuel Oil (ANFO)
• Trinitrotoluene (TNT)
• Sulfuric Acid (H2SO4)
• Nitroglycerin
• Chlorates & Percolates
• Sprengel
• Nitramon & Nitramex
• Nitrocellulosic
• Nitro Starch
• Other Raw Materials

Applications Covered:

• Metal Mining
• Coal Mining
• Non-Metal Mining
• Other Applications

End Users Covered:

• Quarries
• Government Agencies
• Oil & Gas Industry
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Mining Explosives Market, By Type

• 5.1 Introduction
• 5.2 Dynamite
• 5.3 Water Gel Explosives
• 5.4 Slurry Explosives
• 5.5 Emulsion Explosives
• 5.6 Boosters & Primers
• 5.7 Detonating Cord
• 5.8 Other Types

6 Global Mining Explosives Market, By Raw Material

• 6.1 Introduction
• 6.2 Ammonium Nitrate Fuel Oil (ANFO)
• 6.3 Trinitrotoluene (TNT)
• 6.4 Sulfuric Acid (H2SO4)
• 6.5 Nitroglycerin
• 6.6 Chlorates & Percolates
• 6.7 Sprengel
• 6.8 Nitramon & Nitramex
• 6.9 Nitrocellulosic
• 6.10 Nitro Starch
• 6.11 Other Raw Materials

7 Global Mining Explosives Market, By Application

• 7.1 Introduction
• 7.2 Metal Mining
• 7.3 Coal Mining
• 7.4 Non-Metal Mining
• 7.5 Other Applications

8 Global Mining Explosives Market, By End User

• 8.1 Introduction
• 8.2 Quarries
• 8.3 Government Agencies
• 8.4 Oil & Gas Industry
• 8.5 Other End Users

9 Global Mining Explosives Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 AEL Technology
• 11.2 Anhui Jiangnan Chemical Co Ltd
• 11.3 Austin Powder
• 11.4 BME Mining
• 11.5 Chemring Group PLC
• 11.6 China Poly Group Corporation
• 11.7 Dyno Nobel
• 11.8 Enaex - Mine
• 11.9 Ensign-Bickford Aerospace & Defense Company
• 11.10 EPC-UK
• 11.11 Incitec Pivot Limited
• 11.12 NITRO-CHEM S.A.
• 11.13 NOF Corporation
• 11.14 Omnia Holdings Limited
• 11.15 Orica
• 11.16 Sasol
• 11.17 SBL Energy Limited
• 11.18 Sichuan Yahua Industrial Group Co., Ltd
• 11.19 Solar Group - Solar Industries India Ltd.
• 11.20 Yahua Group