Banner

Explosives Global Market Report 2023 – By Type (C4, HMX, PETN, RDX, Dynamite, ANFO, Others), By Application (Military, Mining, Quarrying, Construction, Others), By Pyrotechnics Application (Display, Consumer, Procimate, Others) – Market Size, Trends, And Global Forecast 2023-2032

Starting Price : $4000.00 | Pages : 175 | Published : January 2023 | SKU CODE : 7527 | Delivery Time: 2-3 business days | Format :


Explosives refer to materials, mixtures, and chemical compounds that are capable of exploding. High explosives (used in defense and military applications) and low explosives (used in civilian applications) are the two major types of explosives.

The main types of explosives are C4, HMX, PETN, RDX, Dynamite, ANFO, and others. C-4 is a plastic explosive with a design identical to Semtex, which is employed by both military and terrorist groups. It has a reputation for generating both a buzz and a bang. Display, consumer, process, and other pyrotechnics applications are used in military, mining, quarrying, construction, and other industries.

The explosives market research report is one of a series of new reports from The Business Research Company that provides explosives market statistics, including explosives industry global market size, regional shares, competitors with an explosives market share, detailed explosives market segments, market trends and opportunities, and any further data you may need to thrive in the explosives industry. This explosives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global explosives market size will grow from $44.09 billion in 2022 to $47.88 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global explosives market size is expected to grow to $61.83 billion in 2027 at a CAGR of 6.6%.

The contractors in the explosives market are currently resilient on the defense side as they are not affected by the COVID-19 outbreak in the short-to-midterm. Production has been affected due to disruption in the supply chain. However, the demand for the next couple of years is stable owing to the budgets that have been allotted for the projects in advance, before the outbreak of the pandemic. But the pandemic affects the demand from the construction and mining sectors due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.

The surge in government spending on the defense sector in various countries, including the USA, China, India, Russia, the UK, and France, is projected to be a major driver for the growth of the explosives market during the period. For instance, in April 2022, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers and non-proliferation, in 2021, total global military spending was expected to increase by 0.7% in real terms to $2113 billion. This was the seventh year in a row that spending increased. Military R&D funding in the United States increased by 24% between 2012 and 2021, while China, the world's second-largest spender, allocated an estimated $293 billion to its military in 2021, a 4.7% increase over 2020. China's military spending has increased for the past 27 years. Therefore, the rising government expenditure on the defense sector is anticipated to boost the demand for explosives from the defense sector over the forecast period.

Stringent regulations imposed by the government on the manufacturing and usage of explosives are expected to limit the growth of the explosives market. Explosives are harmful to the environment as well as to humans. Therefore, stringent regulations are imposed on the production, storage, and use of civilian and military explosives. For instance, according to the Connecticut General Assembly (CGA), the state's explosives laws are enforced by the Department of Construction Services (DCS) under CGS 29-349 guidelines. DCS mandates licenses and permits before transporting, using, procuring, manufacturing, selling, and storing explosives. Additionally, the government of Canada, according to the Explosives Regulations 2013, eliminated the purchase and possession permits issued by the vendors on behalf of the Explosives Regulatory division to ensure safety.

Major players operating in the explosives market are adopting various sustainable or green approaches to develop smart blasting to reduce the impact of explosives on the environment. For instance, AEL-Intelligent Blasting Company announced plans to develop green solutions for mines in Francophone West Africa. In September 2021, Orica Limited, an Australia-based provider of blasting systems and commercial explosives launched 4DTM, its most recent technology for bulk explosives. The ground-breaking 4DTM bulk system allows for the real-time adaptation of explosives energy to geology throughout a blast, resulting in improvements in fragmentation, on-bench productivity, and a general decrease in drill and blast costs. In dry, wet, and dewatered hole conditions, 4DTM supports both pumped and augured loading methods by combining emulsion blended with ammonium nitrate porous prills. Increased bench productivity by Orica's fleet of 4DTM enabled Mobile Manufacturing Units (MMUTM) without the need to swap out raw materials in the MMUTM is one result of this special capability. Therefore, the introduction of green approaches for smart blasting is a key trend shaping the growth of the explosives market.

In February 2020, Orica announced the acquisition of Exsa, an industrial explosives manufacturer and distributor based in Peru, South America, for $302 million. The acquisition is expected to establish Orica as one of the leading players in South America and to change Orica’s manufacturing footprint, drive competitive advantage, and enhance the company’s position in South America. Exsa is a Peruvian company engaged in providing solutions in rock fragmentation for infrastructure and mining industries.

Major players in the explosives market are Orica Mining Services, Sasol Limited, Austin Powder Company, Dyno Nobel, NOF Corp., BME Mining, China Poly Group, Chemring Group, Maxam Corp., and ENAEX.

Asia-Pacific was the largest region in the explosives market in 2022. Western Europe is expected to be the fastest-growing region in the global explosives market during the forecast period. The regions covered in the global explosives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the explosives market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The explosives market consists of sales of blasting and bulk explosives, perforating explosives, and special-application explosives. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The global explosives market is segmented -

1) By Type: C4, HMX, PETN, RDX, Dynamite, ANFO, Others

2) By Application: Military, Mining, Quarrying, Construction, Others

3) By Pyrotechnics Application: Display, Consumer, Procimate, Others

    Table Of Contents

    1. Executive Summary

    2. Explosives Market Characteristics

    3. Explosives Market Trends And Strategies

    4. Explosives Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Explosives Market

    4.2 Ukraine-Russia War Impact On Explosives Market

    4.3 Impact Of High Inflation On Explosives Market

    5. Explosives Market Size And Growth

    5.1. Global Explosives Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Explosives Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Explosives Market Segmentation

    6.1. Global Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    C4

    HMX

    PETN

    RDX

    Dynamite

    ANFO

    Others

    6.2. Global Explosives Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Military

    Mining

    Quarrying

    Construction

    Others

    6.3. Global Explosives Market, Segmentation By Pyrotechnics Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Display

    Consumer

    Procimate

    Others

    7. Explosives Market Regional And Country Analysis

    7.1. Global Explosives Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Explosives Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Explosives Market

    8.1. Asia-Pacific Explosives Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Explosives Market

    9.1. China Explosives Market Overview

    9.2. China Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Explosives Market

    10.1. India Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Explosives Market

    11.1. Japan Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Explosives Market

    12.1. Australia Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Explosives Market

    13.1. Indonesia Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Explosives Market

    14.1. South Korea Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Explosives Market

    15.1. Western Europe Explosives Market Overview

    15.2. Western Europe Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Explosives Market

    16.1. UK Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Explosives Market

    17.1. Germany Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Explosives Market

    18.3. France Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Explosives Market

    19.1. Eastern Europe Explosives Market Overview

    19.2. Eastern Europe Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Explosives Market

    20.1. Russia Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Explosives Market

    21.1. North America Explosives Market Overview

    21.2. North America Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Explosives Market

    22.1. USA Explosives Market Overview

    22.2. USA Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Explosives Market

    23.1. South America Explosives Market Overview

    23.2. South America Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Explosives Market

    24.1. Brazil Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Explosives Market

    25.1. Middle East Explosives Market Overview

    25.2. Middle East Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Explosives Market

    26.1. Africa Explosives Market Overview

    26.2. Africa Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Explosives Market Competitive Landscape And Company Profiles

    27.1. Explosives Market Competitive Landscape

    27.2. Explosives Market Company Profiles

    27.2.1. Orica Mining Services

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Sasol Limited

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Austin Powder Company

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Dyno Nobel

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. NOF Corp.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Explosives Market

    29. Explosives Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Explosives Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Explosives Market, Segmentation By Pyrotechnics Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Explosives Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Explosives Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: China, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: India, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: Japan, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Australia, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Indonesia, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: South Korea, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: Western Europe, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: UK, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: Germany, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: France, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Russia, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: North America, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: USA, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: South America, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: Brazil, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Middle East, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Africa, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: Orica Mining Services Financial Performance
  • Table 28: Sasol Limited Financial Performance
  • Table 29: Austin Powder Company Financial Performance
  • Table 30: Dyno Nobel Financial Performance
  • Table 31: NOF Corp. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Explosives Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Explosives Market, Segmentation By Pyrotechnics Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Explosives Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Explosives Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: China, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: India, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: Japan, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Australia, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: South Korea, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: UK, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: Germany, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: France, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Russia, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: North America, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: USA, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: South America, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: Brazil, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Middle East, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Africa, Explosives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 27: Orica Mining Services Financial Performance
  • Figure 28: Sasol Limited Financial Performance
  • Figure 29: Austin Powder Company Financial Performance
  • Figure 30: Dyno Nobel Financial Performance
  • Figure 31: NOF Corp. Financial Performance
View Report
View Report
View Report
View Report
View Report
View Report
View Report
View Report