중남미의 광산용 폭약 시장 전망(-2030년) : 지역별 분석 - 유형별, 용도별

The South & Central America mining explosives market was valued at US$ 544.75 million in 2023 and is expected to reach US$ 654.70 million by 2030; it is estimated to grow at a CAGR of 2.7% from 2023 to 2030.

Rising Exploration Activities of Rare Earth Metals Fuels the South & Central America Mining Explosives Market

Rare earth metals, also known as rare earth elements (REEs), are elements found in the earth's crust. These elements are known for their unique properties and have various applications across different industries, including electronics, renewable energy, automotive, defense & aerospace, and medical equipment. The growing demand for rare earth metals from these sectors has surged the need to explore new deposits of rare earth metals.

Successful exploration results and identifying economically viable rare earth metal deposits can lead to expansion operations. Before commencing mining operations, extensive site preparation and infrastructure development are required. This includes clearing vegetation, leveling terrain, constructing access roads, and establishing mining facilities. Mining explosives are employed in these activities to clear land, shape terrain, and build access routes, facilitating the development of mining sites for rare earth metals.

Further, rare earth metals are often embedded within hard rock formations, making their extraction challenging. The exploration activities for rare earth metals involve extensive drilling and blasting to extract mineral samples and access the viability of deposits. Mining explosives are crucial in breaking down rocks and facilitating access to mineral-rich areas. As companies move from exploration to production, the demand for mining explosives escalates to support larger-scale mining activities. Thus, the growing exploration activities of rare earth metals would offer lucrative opportunities for the South & Central America mining explosives market during the forecast period.

South & Central America Mining Explosives Market Overview

According to the World Mining Data 2022 report by Federal Ministry Republic of Austria, Brazil is amongst the top 5 largest lithium producing countries. South & Central America is well-established mineral producer and has exploration potential in mining sector. According to a report published by International Energy Agency in 2023, Latin America recorded 40% of global copper production, that included Chile (27%), and Peru (10%). Latin America's share of global copper exploration expenditure increased from 35% to 45% in the duration of 2012-2022, thus indicating potential for mining production growth. As of 2023, Latin America supplies 35% of the global lithium, that includes Chile (26%) and Argentina (6%). Moreover, Colombia launched the Copper Route, a strategic roadmap with an aim to expand the country's copper industry. South & Central America marks presence of major geological departments such as SERNAGEOMIN (Chile), and Division of Special Projects and Strategic Minerals (Brazil). The government organizations and departments build mining project strategies focusing on lithium and rare earth elements, graphite, copper, and cobalt. The development potential of mining industry in South & Central America is expected to boost the demand for mining explosives during the forecast period.

South & Central America Mining Explosives Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Mining Explosives Market Segmentation

The South & Central America mining explosives market is segmented based on type and application, and country.

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

By application, the South & Central America mining explosives market is segmented 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 South & Central America mining explosives market is segmented into Brazil, Argentina, and Rest of South & Central America. Brazil dominated the South & Central America mining explosives market in 2023.

Orica Limited, Dyno Nobel, NOF Corporation, Hanwha Group, Solar Group, Omnia Group Company, and Sasol Ltd are some of the leading companies operating in the South & Central America 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. South & Central America 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. South & Central America 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 - South & Central America Market Analysis

• 6.1 South & Central America Mining Explosives Market Revenue (US$ Million)
• 6.2 South & Central America Mining Explosives Market Forecast and Analysis

7. South & Central America 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. South & Central America 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. South & Central America Mining Explosives Market - Country Analysis

• 9.1 South & Central America : Overview
  • 9.1.1 South & Central America Mining Explosives Market, by Key Country - Revenue (2022) (US$ Million)
  • 9.1.2 South & Central America Mining Explosives Market Revenue and Forecasts and Analysis - By Countries
    • 9.1.2.1 Mining Explosives Market Breakdown by Country
    • 9.1.2.2 Brazil Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
      • 9.1.2.2.1 Brazil Mining Explosives Market Breakdown by Type
      • 9.1.2.2.2 Brazil Mining Explosives Market Breakdown by Application
    • 9.1.2.3 Argentina Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
      • 9.1.2.3.1 Argentina Mining Explosives Market Breakdown by Type
      • 9.1.2.3.2 Argentina Mining Explosives Market Breakdown by Application
    • 9.1.2.4 Rest of South & Central America Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
      • 9.1.2.4.1 Rest of South & Central America Mining Explosives Market Breakdown by Type
      • 9.1.2.4.2 Rest of South & Central America 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 Dyno Nobel Ltd
  • 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 NOF 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 Hanwha Corp
  • 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 Sasol 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 Solar Industries India 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
• 12.7 Omnia Holding Ltd
  • 12.7.1 Key Facts
  • 12.7.2 Business Description
  • 12.7.3 Products and Services
  • 12.7.4 Financial Overview
  • 12.7.5 SWOT Analysis
  • 12.7.6 Key Developments

13. Appendix