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Explosives Market Global Report 2020-30: COVID-19 Growth and Change

Starting Price : $ 4000.00 $3200.00 | Pages : 150 | Published : June 2020 | SKU CODE : 7527 | Format :


The explosives market consists of revenues earned by entities (organizations, sole traders and partnerships) that are engaged in the production and distribution of explosives. Explosives refer to materials, mixtures and chemical compounds that are capable of exploding. The explosives are majorly divided into two categories i.e., high explosives (used in defense & military applications) and low explosives (used in civilian applications). Trinitrotoluene (TNT), RDX, and acetone peroxide (TATP) are few of the most powerful explosives the find its applications in military, mining and industrial applications.

The global explosives market is expected to grow from $25.2 billion in 2019 to $25.9 billion in 2020 at a compound annual growth rate (CAGR) of 3.08%. The low growth is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to reach $27.8 billion in 2023 at CAGR of 2.3%.

Asia Pacific was the largest region in the explosives market in 2019.

The contractors in the explosives market are currently resilient on the defense side as they are not effected by COVID-19 outbreak in short-to-mid-term. The 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 construction and mining sectors due to 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, UK, and France is projected to be a major driver for the growth of the explosives market during the period. For instance, for financial year 2020-21, the Indian Ministry of Defense has been allocated with $66.9 billion (INR 471,378 crores) which constituted 15.5% of the central government’s total budget. Similarly, according to the Stockholm International Peace Research Institute (SIPRI), the global military expenditure increased by 3.6% to reach $ 1,917 billion in 2019. 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 manufacturing and usage of explosives are expected to limit the growth of the explosives market. Explosives are harmful to the environment as well as for humans, therefore, stringent regulations are imposed on the production, storage and use of the civilian and military explosives. For instance, according to the Connecticut General Assembly (CGA), the state explosives laws are enforced by the Department of Construction Services (DCS) under CGS 29-349 guidelines. DCS mandates license and permit 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 permit 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 July 2019, the company announced to introduce the eco-formulation of surface emulsion that utilizes waste oil generated by the mines, which will help companies to reduce the carbon footprint. 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, 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, driving 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.

The major players in the global explosives market are Orica Mining Services, Sasol Limited, Austin Powder Company, Dyno Nobel, NOF Corp., BME Mining, China Poly Group, Chemring Group, Maxam Corp., ENAEX, Incitec Pivot, AECI Group, Pyro Company Fireworks, ePC Group, Alliant Techsystems, AEL Mining Services, Titanobel SAS, Hanwha Corp., Solar Industries India, LSB Industries, Zambelli Fireworks, Melrose Pyrotechnics, Angelfire Pyrotechnics, Skyburst, Howard & Sons, Supreme Fireworks UK, Entertainment Fire-works, Celebration Fireworks, Impact Pyro, Societe Nationale Des Poudres Et Explosifs (SNPE)

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

The global explosives market is segmented: 1) By Type: C4, HMX, PETN, RDX, Dynamite , ANFO, Others 2) By Application: Military, Mining, Quarrying, Construction, Others

    1. Executive Summary

    2. Explosives Market Characteristics

    3. Explosives Market Size And Growth

    3.1. Global Explosives Historic Market, 2015 - 2019, $ Billion

    3.1.1. Drivers Of The Market

    3.1.2. Restraints On The Market

    3.2. Global Explosives Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

    3.2.1. Drivers Of The Market

    3.2.2. Restraints On the Market

    4. Explosives Market Segmentation

    4.1. Global Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    C4

    HMX

    PETN

    RDX

    Dynamite  

    ANFO

    Others

    4.2. Global Explosives Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Military

    Mining

    Quarrying

    Construction

    Others

    5. Explosives Market Regional And Country Analysis

    5.1. Global Explosives Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    5.2. Global Explosives Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    6. Asia-Pacific Explosives Market  

    6.1. Asia-Pacific Explosives Market Overview  

    6.2. Asia-Pacific Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    7. China Explosives Market  

    7.1. China Explosives Market Overview  

    7.2. China Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    8. India Explosives Market  

    8.1. India Explosives Market Overview  

    8.2. India Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    9. Japan Explosives Market  

    9.1. Japan Explosives Market Overview  

    9.2. Japan Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    10. Australia Explosives Market  

    10.1. Australia Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    11. Indonesia Explosives Market  

    11.1. Indonesia Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    12. South Korea Explosives Market  

    12.1. South Korea Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    13. Western Europe Explosives Market  

    13.1. Western Europe Explosives Market Overview

    13.2. Western Europe Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    14. UK Explosives Market  

    14.1. UK Explosives Market Overview

    14.2. UK Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    15. Germany Explosives Market  

    15.1. Germany Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    16. France Explosives Market  

    16.3. France Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    17. Eastern Europe Explosives Market  

    17.1. Eastern Europe Explosives Market Overview

    17.2. Eastern Europe Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    18. Russia Explosives Market  

    18.1. Russia Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    19. North America Explosives Market  

    19.1. North America Explosives Market Overview

    19.2. North America Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    20. USA Explosives Market  

    20.1. USA Explosives Market Overview

    20.2. USA Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    21. South America Explosives Market  

    21.1. South America Explosives Market Overview

    21.2. South America Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    22. Brazil Explosives Market  

    22.1. Brazil Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    23. Middle East Explosives Market  

    23.1. Middle East Explosives Market Overview

    23.2. Middle East Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    24. Africa Explosives Market  

    24.1. Africa Explosives Market Overview

    24.2. Africa Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    25. Explosives Market Competitive Landscape And Company Profiles

    25.1. Explosives Market Competitive Landscape

    25.2. Explosives Market Company Profiles

    25.2.1. Orica Mining Services

    25.2.1.1. Overview

    25.2.1.2. Products and Services

    25.2.1.3. Strategy

    25.2.1.4. Financial Performance

    25.2.2. Sasol Limited

    25.2.2.1. Overview

    25.2.2.2. Products and Services

    25.2.2.3. Strategy

    25.2.2.4. Financial Performance

    25.2.3. Austin Powder Company

    25.2.3.1. Overview

    25.2.3.2. Products and Services

    25.2.3.3. Strategy

    25.2.3.4. Financial Performance

    25.2.4. Dyno Nobel

    25.2.4.1. Overview

    25.2.4.2. Products and Services

    25.2.4.3. Strategy

    25.2.4.4. Financial Performance

    25.2.5. NOF Corp.

    25.2.5.1. Overview

    25.2.5.2. Products and Services

    25.2.5.3. Strategy

    25.2.5.4. Financial Performance

    26. Key Mergers And Acquisitions In The Explosives Market

    27. Explosives Market Trends And Strategies

    28. Explosives Market Future Outlook and Potential Analysis

    29. Appendix

    29.1. Abbreviations

    29.2. Currencies

    29.3. Research Inquiries

    29.4. The Business Research Company

    29.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 3: Global Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 4: Global Explosives Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 5: Global Explosives Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 6: Global Explosives Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 7: Asia-Pacific, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 8: China, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 9: India, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 10: Japan, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 11: Australia, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 12: Indonesia, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 13: South Korea, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 14: Western Europe, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 15: UK, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 16: Germany, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 17: France, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 18: Eastern Europe, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 19: Russia, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 20: North America, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 21: USA, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 22: South America, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 23: Brazil, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 24: Middle East, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 25: Africa, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 26: Orica Mining Services Financial Performance
  • Table 27: Sasol Limited Financial Performance
  • Table 28: Austin Powder Company Financial Performance
  • Table 29: Dyno Nobel Financial Performance
  • Table 30: NOF Corp. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 3: Global Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 4: Global Explosives Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 5: Global Explosives Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 6: Global Explosives Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 7: Asia-Pacific, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 8: China, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 9: India, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 10: Japan, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 11: Australia, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 12: Indonesia, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 13: South Korea, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 14: Western Europe, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 15: UK, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 16: Germany, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 17: France, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 18: Eastern Europe, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 19: Russia, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 20: North America, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 21: USA, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 22: South America, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 23: Brazil, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 24: Middle East, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 25: Africa, Explosives Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 26: Orica Mining Services Financial Performance
  • Figure 27: Sasol Limited Financial Performance
  • Figure 28: Austin Powder Company Financial Performance
  • Figure 29: Dyno Nobel Financial Performance
  • Figure 30: NOF Corp. Financial Performance
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