폭약 시장 예측(-2030년) : 유형별, 재료별, 유통 채널별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Explosives Market is growing at a CAGR of 4.07% during the forecast period. Explosives are substances or mixtures that undergo rapid chemical reactions, producing a significant amount of gas, heat, and pressure. These reactions result in an explosion, which can be used for various applications such as demolition, mining, and military operations. Explosives are categorized into high explosives, which detonate at supersonic speeds and cause a shockwave, and low explosives, which deflagrate at subsonic speeds and produce a less violent effect. Proper handling and safety measures are crucial due to their volatile nature.

Market Dynamics:

Driver:

Mining industry expansion

The expansion of the mining industry is significantly driving growth in the market. Increasing mineral exploration and extraction activities worldwide require advanced explosives to enhance efficiency and safety in mining operations. As mining projects become more complex and deep-seated, the demand for high-performance explosives is surging. This trend is further fueled by the need for cost-effective solutions and technological advancements in explosives, making them crucial for the sustainable and effective extraction of valuable resources.

Restraint:

Alternative technologies

Innovations such as non-detonating initiation systems and advanced material sciences aim to reduce risks and environmental impact associated with traditional explosives. These alternatives often promise greater precision and efficiency, potentially displacing conventional explosives. These alternatives not only address safety concerns and regulatory pressures but also offer potential cost advantages in the long term. Thus, alternative technologies present a significant challenge by offering safer, more efficient, and environmentally friendly solutions.

Opportunity:

Demolition and construction

Demolition relies on explosives to safely and efficiently dismantle structures, enabling rapid site clearance for new projects. In construction, explosives are used to break rock, clear land, and create space for foundational work. Their precise and controlled use in both sectors enhances operational efficiency, reduces manual labor, and accelerates project timelines. As infrastructure development grows, the need for specialized explosive solutions in these areas continues to expand.

Threat:

Safety concerns

Safety concerns in the market can have significant negative effects on industry operations and growth. Stringent regulations and safety standards often lead to increased operational costs for manufacturers, as they must invest in advanced safety technologies and rigorous training programs to comply with legal requirements. Additionally, frequent safety incidents or accidents can damage the industry's reputation, leading to reduced consumer confidence and decreased demand for the market.

Covid-19 Impact:

The COVID-19 pandemic significantly disrupted the market, causing supply chain interruptions, delays in production, and decreased demand from key sectors like mining and construction. Lockdowns and restrictions hampered logistical operations and reduced workforce availability, leading to production halts and project delays. However, as recovery progressed, increased focus on safety and technological advancements in explosive handling began to reshape the market dynamics.

The blasting agents segment is expected to be the largest during the forecast period

The blasting agents is expected to be the largest during the forecast period. These agents, which include ammonium nitrate fuel oil (ANFO), emulsions, and water gels, facilitate controlled explosions to fragment rock and soil. Their effectiveness relies on precise formulation and handling to ensure safety and efficiency. The demand for blasting agents is driven by increased infrastructure projects and mining activities globally, emphasizing the need for advanced and reliable explosive solutions.

The construction segment is expected to have the highest CAGR during the forecast period

The construction segment is expected to have the highest CAGR during the forecast period. Explosives such as dynamite and emulsions are critical for breaking rock and concrete, enabling rapid and cost-effective project completion. With advancements in technology, modern explosives offer improved precision, safety, and environmental impact. The market is influenced by factors like infrastructure development, mining activities, and regulatory standards, which shape the demand and application of explosives in construction projects.

Region with largest share:

North America is projected to hold the largest market share during the forecast period driven by demand from mining, construction, and defense sectors. Technological advancements and increasing infrastructure projects are boosting market expansion. Environmental regulations and safety standards are shaping market dynamics, leading to a trend towards more sustainable and efficient explosive solutions. Key players are investing in research and development to meet evolving industry needs.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period due to increasing demand across mining, construction, and defense sectors. Rapid infrastructure development and urbanization drive the demand for explosives in construction and mining activities. Additionally, the rise in defense budgets in several countries fuels growth in military and defense-related explosive products. The market is characterized by significant investments in technological advancements and safety regulations.

Key players in the market

Some of the key players in Explosives market include Orica Limited, Dyno Nobel, Sasol Limited, Austin Powder Company, AECI Limited, Enaex S.A., MaxamCorp Holding, S.L., Chemring Group PLC, Hanwha Corporation, BME Mining, Solar Industries India Limited, Titanobel Group, NOF Corporation, Sichuan Yahua Industrial Group Co., Ltd., Ka-Boom Enterprises, Inc., Auxin Chemicals, Famesa Explosivos S.A.C. and Ideal Industrial Explosives Ltd.

Key Developments:

In July 2024, Hanwha Solutions Qcells has expanded its partnership with Summit Ridge Energy (SRE), the leading commercial solar company in the United States. Hanwha Qcells recently signed an agreement with SRE to supply an additional 800 megawatts (MW) of solar panels, for a total of 2 gigawatts (GW) by 2027.

In May 2024, Orica has expanded its lead-free Non Primary Explosives Detonator NPED technology to manufacture the world's first lead-free electronic blasting system range at its plant in Gyttorp, Sweden. This follows the successful introduction last year of the world's first fully lead-free non-electric detonator range, Exel(TM) Neo, with early adopters reaping the benefits.

Types Covered:

• High Explosives
• Blasting Agents
• Propellants
• Pyrotechnics
• Other Types

Materials Covered:

• Ammonium Nitrate
• Nitroglycerin
• Trinitrotoluene (TNT)
• Black Powder
• Pentaerythritol Tetranitrate (PETN)
• Other Materials

Distribution Channels Covered:

• Direct Sales
• Online Sales
• Retail Stores
• Distributors

Applications Covered:

• Surface Mining
• Demolition
• Warheads
• Aggregate Production
• Dimension Stone Quarrying
• Tunneling
• Other Applications

End Users Covered:

• Mining
• Construction
• Military
• Quarrying
• Oil & Gas
• 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 2022, 2023, 2024, 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 Explosives Market, By Type

• 5.1 Introduction
• 5.2 High Explosives
• 5.3 Blasting Agents
• 5.4 Propellants
• 5.5 Pyrotechnics
• 5.6 Other Types

6 Global Explosives Market, By Material

• 6.1 Introduction
• 6.2 Ammonium Nitrate
• 6.3 Nitroglycerin
• 6.4 Trinitrotoluene (TNT)
• 6.5 Black Powder
• 6.6 Pentaerythritol Tetranitrate (PETN)
• 6.7 Other Materials

7 Global Explosives Market, By Distribution Channel

• 7.1 Introduction
• 7.2 Direct Sales
• 7.3 Online Sales
• 7.4 Retail Stores
• 7.5 Distributors

8 Global Explosives Market, By Application

• 8.1 Introduction
• 8.2 Surface Mining
• 8.3 Demolition
• 8.4 Warheads
• 8.5 Aggregate Production
• 8.6 Dimension Stone Quarrying
• 8.7 Tunneling
• 8.8 Other Applications

9 Global Explosives Market, By End User

• 9.1 Introduction
• 9.2 Mining
• 9.3 Construction
• 9.4 Military
• 9.5 Quarrying
• 9.6 Oil & Gas
• 9.7 Other End Users

10 Global Explosives Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Orica Limited
• 12.2 Dyno Nobel
• 12.3 Sasol Limited
• 12.4 Austin Powder Company
• 12.5 AECI Limited
• 12.6 Enaex S.A.
• 12.7 MaxamCorp Holding, S.L.
• 12.8 Chemring Group PLC
• 12.9 Hanwha Corporation
• 12.10 BME Mining
• 12.11 Solar Industries India Limited
• 12.12 Titanobel Group
• 12.13 NOF Corporation
• 12.14 Sichuan Yahua Industrial Group Co., Ltd.
• 12.15 Ka-Boom Enterprises, Inc.
• 12.16 Auxin Chemicals
• 12.17 Famesa Explosivos S.A.C.
• 12.18 Ideal Industrial Explosives Ltd.