The Mining Explosives Market is continuously growing in the global scenario at significant pace. Mining explosive generally known as industrial explosive refers to the highly hazardous explosive that are used in construction and mining industry.
Global Mining Explosives Market valued approximately USD 14.1 billion in 2017 is anticipated to grow with a healthy growth rate of more than 2.9% over the forecast period 2018-2025.
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The requirement of extraction of certain important elements like coal and resources, need of mining the stones for road construction purposes are the substantial driving factors of the market during the forecast period.
Rapidly increasing urbanization is another factor that aiding the growth of the market during the forecast period. Moreover, electronic detonators as an emerging technology is the factors that likely to create numerous opportunity in the near future.
Various regulation regarding the extraction & mining standards and the high cost of explosive being used are the key restraining factors of the market during the forecast period.
The major market player included in this report are:
Syniverse Technologies LLC, Orica, MAXAM, AEL, IPL (Dyno Nobel), ENAEX, Sasol, Yunnan Civil Explosives, Solar Explosives, Gezhouba Explosive, EPC Groupe, Anhui Jiangnan, Poly Permanent Union Holding Group, Nanling Civil Explosive, BME Mining, NOF Corporation, IDEAL, Sichuan Yahua, AUSTIN, Kailong Chemical, Leiming Kehua
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
The report caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type: Ammonium Nitrate Explosives (Powder), ANFO, Emulsion Explosive
By Application: Coal Mining, Quarrying and Non-Metal Mining, Metal Mining
The regional analysis of Global Mining Explosives Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share due to rise in demand for mineral extraction and increasing development projects across the region.
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Years considered for the study are as follows:
- Historical year – 2015, 2016
- Base year – 2017
- Forecast period – 2018 to 2025
Target Audience of the Global Mining Explosives Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
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