유럽의 광업용 폭약 시장 전망(-2030년) - 지역별 분석 : 유형별, 용도별

The Europe mining explosives market was valued at US$ 1,239.17 million in 2023 and is expected to reach US$ 1,529.35 million by 2030; it is estimated to grow at a CAGR of 3.1% from 2023 to 2030.

Increasing Application of ANFO (Ammonium Nitrate Fuel Oil) in Mining Industry Fuels the Europe Mining Explosives Market

ANFO (Ammonium Nitrate Fuel Oil) is a widely used explosive mixture in the mining industry. ANFO is more cost-effective than other explosive types. Its production is relatively inexpensive. Several countries in the developing region perform significant mining activities and large-scale mining operations. These operations often require substantial quantities of explosives for various applications such as rock fragmentation, overburden removal, and access to mineral deposits.

Further, the raw material required to produce ANFO, namely ammonium nitrate and fuel oil, are often readily available. This easy availability of raw materials supports the production and distribution of ANFO. Also, ANFO is relatively easy to use in mining operations. It can be loaded into boreholes quickly and efficiently. Further, ANFO is considered relatively safer to handle than other explosives. It has a lower sensitivity to initiation, making it more stable during transportation and handling. Owing to these benefits, ANFO is a convenient choice for large-scale mining companies. The discovery of new mineral deposits, growing infrastructure developments, and increasing demand for minerals and resources, has resulted in increasing mining activities across the globe. The expansion of the mining industry and mining activities generate demand for mining explosives, including ANFO, contributing to the Europe mining explosives market growth.

Europe Mining Explosives Market Overview

According to the European Commission, the major mining areas in the Europe are located Fennoscandian belt in northern Finland and Sweden, Bergslagen (Sweden), the Variscan Belt of Iberia and the Central European Kupferschiefer mineral belt. According to the World Mineral Production report by British Geological Survey published in 2023, the mine production of gold in the UK rose from 41.8 tons in 2019 to 43.3 tons in 2021. Whereas production of refined lead in the UK grew from 342.8 thousand metric tons in 2019 to 362.6 thousand metric tons in 2021. The report also revealed the growth in production of chromium due to increased chromium mining production in Finland and Russia. The production of fluorspar incremented from 160.0 thousand metric tons in 2019 to 236.5 thousand metric tons in 2021. According to the World Mining Data 2022 report by Federal Ministry Republic of Austria, Russia is amongst the top 5 major mineral producing countries. Mining of many minerals such as copper, tin, bauxite, iron, gold, and nickel, among others involve utilization of mining explosives. The lucrative mining industry in the Europe is expected to create potential business opportunities for mining explosives market during the forecast period.

Europe Mining Explosives Market Revenue and Forecast to 2030 (US$ Million)

Europe Mining Explosives Market Segmentation

The Europe mining explosives market is segmented based on type, application, and country.

Based on type, the Europe mining explosives market is bifurcated into trinitrotoluene (TNT), ANFO, RDX, pentaerythritol tetranitrate (PETN), others. The ANFO segment held the largest share in 2023.

By application, the Europe mining explosives market is categorized into quarrying and non-metal mining, metal mining, and coal mining. The metal mining segment held the largest share in 2023.

Based on country, the Europe Mining Explosives market is segmented into the Germany, France, the UK, Italy, Russia, and the Rest of Europe. Russia dominated the Europe mining explosives market in 2023.

Orica Limited, NOF Corp, Hanwha Group, Solar Industries India Ltd, Omnia Holding Ltd, and Sasol Ltd are some of the leading companies operating in the Europe mining explosives market.

Table Of Contents

1. Introduction

• 1.1 The Insight Partners Research Report Guidance
• 1.2 Market Segmentation

2. Executive Summary

• 2.1 Key Insights
• 2.2 Market Attractiveness

3. Research Methodology

• 3.1 Coverage
• 3.2 Secondary Research
• 3.3 Primary Research

4. Europe Mining Explosives Market Landscape

• 4.1 Overview
• 4.2 Porter's Five Forces Analysis
  • 4.2.1 Bargaining Power of Suppliers
  • 4.2.2 Bargaining Power of Buyers
  • 4.2.3 Threat of New Entrants
  • 4.2.4 Competitive Rivalry
  • 4.2.5 Threat of Substitutes
• 4.3 Ecosystem Analysis
  • 4.3.1 Raw Material Suppliers:
  • 4.3.2 Manufacturers:
  • 4.3.3 End Use:

5. Europe Mining Explosives Market - - Key Market Dynamics

• 5.1 Market Drivers
  • 5.1.1 Growing Demand for Metals in Manufacturing High-End Products
  • 5.1.2 Increasing Application of ANFO (Ammonium Nitrate Fuel Oil) in Mining Industry
• 5.2 Market Restraints
  • 5.2.1 Stringent Government Regulations
• 5.3 Market Opportunities
  • 5.3.1 Rising Exploration Activities of Rare Earth Metals
• 5.4 Future Trends
  • 5.4.1 Increasing Utilization of Pentaerythritol Tetranitrate (PETN)
• 5.5 Impact Analysis

6. Mining Explosives Market - Europe Market Analysis

• 6.1 Europe Mining Explosives Market Revenue (US$ Million)
• 6.2 Europe Mining Explosives Market Forecast and Analysis

7. Europe Mining Explosives Market Analysis - Type

• 7.1 Trinitrotoluene (TNT)
  • 7.1.1 Overview
  • 7.1.2 Trinitrotoluene (TNT) Market, Revenue and Forecast to 2030 (US$ Million)
• 7.2 ANFO
  • 7.2.1 Overview
  • 7.2.2 ANFO Market Revenue and Forecast to 2030 (US$ Million)
• 7.3 RDX
  • 7.3.1 Overview
  • 7.3.2 RDX Market Revenue and Forecast to 2030 (US$ Million)
• 7.4 Pentaerythritol Tetranitrate (PETN)
  • 7.4.1 Overview
  • 7.4.2 Pentaerythritol Tetranitrate (PETN) Market Revenue and Forecast to 2030 (US$ Million)
• 7.5 Others
  • 7.5.1 Overview
  • 7.5.2 Others Market Revenue and Forecast to 2030 (US$ Million)

8. Europe Mining Explosives Market Analysis - Application

• 8.1 Quarrying and Non-Metal Mining
  • 8.1.1 Overview
  • 8.1.2 Quarrying and Non-Metal Mining Market Revenue, and Forecast to 2030 (US$ Million)
• 8.2 Metal Mining
  • 8.2.1 Overview
  • 8.2.2 Metal Mining Market Revenue, and Forecast to 2030 (US$ Million)
• 8.3 Coal Mining
  • 8.3.1 Overview
  • 8.3.2 Coal Mining Market Revenue and Forecast to 2030 (US$ Million)

9. Europe Mining Explosives Market - Country Analysis

• 9.1 Europe: Overview
  • 9.1.1 Europe Mining Explosives Market, by Key Country - Revenue (2022) (US$ Million)
  • 9.1.2 Europe Mining Explosives Market Revenue and Forecasts and Analysis - By Countries
    • 9.1.2.1 Germany Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
      • 9.1.2.1.1 Germany Mining Explosives Market Breakdown by Type
      • 9.1.2.1.2 Germany Mining Explosives Market Breakdown by Application
    • 9.1.2.2 France Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
      • 9.1.2.2.1 France Mining Explosives Market Breakdown by Type
      • 9.1.2.2.2 France Mining Explosives Market Breakdown by Application
    • 9.1.2.3 UK Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
      • 9.1.2.3.1 UK Mining Explosives Market Breakdown by Type
      • 9.1.2.3.2 UK Mining Explosives Market Breakdown by Application
    • 9.1.2.4 Italy Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
      • 9.1.2.4.1 Italy Mining Explosives Market Breakdown by Type
      • 9.1.2.4.2 Italy Mining Explosives Market Breakdown by Application
    • 9.1.2.5 Russia Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
      • 9.1.2.5.1 Russia Mining Explosives Market Breakdown by Type
      • 9.1.2.5.2 Russia Mining Explosives Market Breakdown by Application
    • 9.1.2.6 Rest of Europe Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
      • 9.1.2.6.1 Rest of Europe Mining Explosives Market Breakdown by Type
      • 9.1.2.6.2 Rest of Europe Mining Explosives Market Breakdown by Application

10. Competitive Landscape

• 10.1 Heat Map Analysis by Key Players

11. Industry Landscape

• 11.1 Product launch
• 11.2 Expansion
• 11.3 Joint Venture

12. Company Profiles

• 12.1 Orica Ltd
  • 12.1.1 Key Facts
  • 12.1.2 Business Description
  • 12.1.3 Products and Services
  • 12.1.4 Financial Overview
  • 12.1.5 SWOT Analysis
  • 12.1.6 Key Developments
• 12.2 NOF Corp
  • 12.2.1 Key Facts
  • 12.2.2 Business Description
  • 12.2.3 Products and Services
  • 12.2.4 Financial Overview
  • 12.2.5 SWOT Analysis
  • 12.2.6 Key Developments
• 12.3 Hanwha Corp
  • 12.3.1 Key Facts
  • 12.3.2 Business Description
  • 12.3.3 Products and Services
  • 12.3.4 Financial Overview
  • 12.3.5 SWOT Analysis
  • 12.3.6 Key Developments
• 12.4 Sasol Ltd
  • 12.4.1 Key Facts
  • 12.4.2 Business Description
  • 12.4.3 Products and Services
  • 12.4.4 Financial Overview
  • 12.4.5 SWOT Analysis
  • 12.4.6 Key Developments
• 12.5 Solar Industries India Ltd
  • 12.5.1 Key Facts
  • 12.5.2 Business Description
  • 12.5.3 Products and Services
  • 12.5.4 Financial Overview
  • 12.5.5 SWOT Analysis
  • 12.5.6 Key Developments
• 12.6 Omnia Holding Ltd
  • 12.6.1 Key Facts
  • 12.6.2 Business Description
  • 12.6.3 Products and Services
  • 12.6.4 Financial Overview
  • 12.6.5 SWOT Analysis
  • 12.6.6 Key Developments

13. Appendix