Explosives Market Size, Share, Development Status, Future Plans, Growth, ReportPosted by Steven Luke on March 19th, 2020 According to a new report by EMR titled, ‘Global Explosives Market Report and Forecast 2020-2025’, the global explosives market demand reached a volume of 16.7 million metric tons in 2019. The market is likely to increase at a CAGR of 4.25% in the forecast period 2020-2025 to reach a volume of approximately 21.4 million metric tons by 2025. Request a Free Sample Report With Table Of Content: https://www.expertmarketresearch.com/request?type=report&flag=B&id=955 Competitive Landscape & Supplier Analysis:
The global explosives market is primarily being driven by the mining industry. The major key players of the market are concentrated in North America, especially Orica and Dyno Nobel. These leading players in the market supply significant volumes of explosives to the mining companies in the region. North America and the Asia Pacific are the leading markets in the industry. Australia is a significant explosives market in the Asia Pacific due to the presence of a large coal industry in the region. Australia accounts for 20% of the total coal output globally. The market in the Asia Pacific is also expected to be aided by the growing coal industry in Southeast Asian countries. Read Full Report Description With Table Of Content: https://www.expertmarketresearch.com/reports/explosives-market The downstream industries of explosives are driving their market, including metal, quarrying, non-metal, and coal. The dominant end-use industry is the coal industry, accounting for more than 50% of the global consumption of explosives. The leading coal-producing countries include the United States, China, Russia, India, Australia, and Indonesia, among others. Metal mining is also emerging as a major end-use sector, especially in developing markets like Africa. In August 2016, Yara International (OTCMKTS: YARIY), a leading player in the global explosives market, introduced its first modular ammonium nitrate plant located in Australia. The company also manufactures TAN, that is, technical ammonium nitrate. Ammonium is the major component used in the production of explosives. Thus, the explosives output is likely to increase in the coming years with this capacity addition. Market Analysis by End-Uses:
Explosives find their end-uses in coal mining, metal mining, quarrying and non-metal, and construction industries, among others. Market Analysis by Regions:
The regional markets for explosives can be segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Key Findings of the Report:
Key Offerings of the Report:
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