EXPLOSIVES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025 - 2032)

The global explosives market is estimated to be valued at USD 15.67 Bn in 2025 and is expected to reach USD 20.91 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 4.21% from 2025 to 2032. The global explosives market represents a critical industrial sector that encompasses the production, distribution, and utilization of explosive materials across diverse applications including mining, construction, defense, and demolition activities. This specialized market operates at the intersection of advanced chemical engineering, stringent safety regulations, and evolving industrial demands, making it a complex yet essential component of global infrastructure development.

Market Dynamics

The global explosives market is primarily driven by robust growth in mining activities worldwide, particularly in developing economies where coal, iron ore, copper, and precious metal extraction operations are expanding rapidly to meet growing industrial demands. Infrastructure development projects, including highway construction, tunnel excavation, and urban redevelopment initiatives, create substantial demand for controlled blasting solutions, while defense spending increases across various nations contribute to military explosive requirements.

Key Features of the Study

• This report provides in-depth analysis of the global explosives market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global explosives market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Orica Limited, Dyno Nobel (Incitec Pivot), MAXAM Corp., EPC Groupe, AEL Mining Services, Sasol Limited, ENAEX, Hanwha Corporation, and Solar Industries India
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global explosives market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global explosives market

Market Segmentation

• Type Insights (Revenue, USD Bn, 2020 - 2032)
  • Dynamite
  • ANFO (Ammonium Nitrate Fuel Oil)
  • Emulsions
  • Water Gels
  • Others
• Application Insights (Revenue, USD Bn, 2020 - 2032)
  • Mining
  • Construction
  • Military
  • Demolition
  • Others
• Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Orica Limited
  • Dyno Nobel (Incitec Pivot)
  • MAXAM Corp.
  • EPC Groupe
  • AEL Mining Services
  • Sasol Limited
  • ENAEX
  • Hanwha Corporation
  • Solar Industries India