The global industrial explosives market size is expected to witness potential gains in the future and register a significant CAGR of 6.6% over the forecast period (2019 - 2027).

Market Overview

The explosives industry uses black powder, dynamite, and other chemicals to mine for minerals, break rock, clear fields, and construct roads. Explosives are used to deliver materials such as limestone, cement, and concrete that find application in the construction industry. Explosives also find application in the oil and gas industry, power production, mineral mining and pipeline, tunnel and highway construction. There are four major classes of industrial explosives: low, or deflagrating explosives, primary, secondary high explosives, and blasting agents. Major industrial explosives include, emulsion explosives, ammonium nitrate fuel oil (ANFO), water gel explosives, and nitrogen explosives. Ammonium nitrate fuel oil (ANFO) is made of about 94% ammonium nitrate and 6% fuel oil.  

Market Dynamics

ANFO explosives and water gel explosives offer high velocity of detonation. ANFO explosives consist of a water soluble ammonium substance and have a larger impact in blasting. Ammonium nitrate also has safety advantage over other products such as dynamite. ANFO is widely used as an explosive in mining, quarrying, and tunneling construction. Coal mining is the largest consuming sector for industrial explosives. Therefore, growing coal mining activities to fulfil coal demand from the energy sector is expected to boost growth of the global industrial explosives market. Increasing metal mining is also expected to boost demand for industrial explosives. 

However, explosives such as nitrogen lead to adverse environmental effects from the fumes developed after using such explosives. Moreover, increasing concerns about the impact of mining on the environment is also expected to hinder growth of the market over the forecast period.

Market Outlook

Growing building and construction industry in emerging economies of India and China is expected to increase demand for construction materials such as cement and metal. This in turn is expected to lead to high demand for industrial explosives for extraction of these materials, thereby boosting growth of the global industrial explosives market over the forecast period. Increasing mining and oil and gas extraction activities is a major factor boosting growth of the market in Middle East and Africa.

Key Players

Major players operating in the industrial explosives market include, AEL Mining Services Ltd., Enaex, EPC Groupe, Gulf Oil Corporation Limited, Guizhou Panjiang Chemical Plant, Hubei Kailong Chemical Group Co., Ltd, Indian Oil Corporation Limited, and Solar Industries India Limited.


Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users