Market Overview:
The choice of Industrial Explosive for a particular application depends on several key parameters, such as its velocity of detonation (VOD), its detonation pressure, its density, and its sensitivity to water. The detonation products of different explosives contain toxic gases, such as carbon monoxide CO. These gases are produced by blasting and are considered to be the main cause of air pollution. However, the relative toxicity of different explosives is largely influenced by the conditions under which they detonate.
Market Dynamics:
Rise in mining activities and growing investment in metal mining in Latin America is expected to augment growth of the Latin America industrial explosives market over the forecast period. Due to increasing mining activities, consumption of industrial explosives in this region is increasing. For instance, in May 2022, Hochschild Mining announced the plans to invest US$ 20 million in construction of a gold mine in Brazil.
However, factors such as stringent government regulations about use of explosives and increasing cost of raw materials is expected to hinder growth of the Latin America industrial explosives market over the forecast period.
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Global markets for Wireless Charging System are discussed, along with growth projections. Estimates of production and value are based on the pricing in the supply chain at which the manufacturers obtain the for Wireless Charging System.
This analysis examined each sector and estimated market size based on historical data. They have also discussed the future growth opportunities that the industry may present. This report provides production and income data by kind, as well as historical and future periods.
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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
Impact of COVID-19:
The COVID-19 pandemic affected more than 100 countries around all the regions across the globe. The outbreak of virus resulted into countries implementing stringent lockdown regulations to curb the spread of the virus. Due to the lockdown rules, various industrial activities were disrupted including construction, mining and more. This affected the demand for industrial explosives. The demand for these products declined during the pandemic and adversely affected growth of the industrial explosives market in every region. However, as countries lift the lockdown regulations, the market is likely to regain the growth.
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This study offered market size (production and revenue data) by application for the historical and projected periods.
Detailed Segmentation:
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Global Industrial Explosives Market, By Type:
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High Explosives
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Blasting Agents
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Global Industrial Explosives Market, By End-use industry:
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Metal Mining
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Non-Metal Mining
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Quarrying
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Construction
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Others
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Global Industrial Explosives Market, By Region:
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North America
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Europe
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Asia Pacific
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Latin America
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Middle East and Africa
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This study also discusses the market trends of each segment and consumer behaviors influencing the for Industrial Explosives Market, as well as the implications for the industry’s future. This study can assist in comprehending the important market and consumer trends that are propelling the for Industrial Explosives Market.
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⁕ North America (U.S., Canada, Mexico)
⁕ Europe (U.K., Italy, Germany, France, Rest of the EU)
⁕ Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
⁕ Latin America (Chile, Brazil, Argentina, Rest of Latin America)
⁕ Africa and the Middle East (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Chapter 1 Industry Overview 1.1 Definition 1.2 Assumptions 1.3 Research Scope 1.4 Market Analysis by Regions 1.5 Market Size Analysis from 2022 to 2028 1.6 COVID-19 Outbreak: Industrial Explosives Market Industry Impact
Chapter 2 Industrial Explosives Market Competition by Types, Applications, and Top Regions and Countries 2.1 Market (Volume and Value) by Type 2.2 Market (Volume and Value) by Regions
Chapter 3 Production Market Analysis 3.1 Global Production Market Analysis 3.2 Regional Production Market Analysis
Chapter 4 Industrial Explosives Market Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Industry Market Analysis
Chapter 6 East Asia Industrial Explosives Market Analysis
Chapter 7 Europe Industry Market Analysis
Chapter 8 South Asia Industrial Explosives Market Analysis
Chapter 9 Southeast Asia Market Analysis
Chapter 10 Middle East Industrial Explosives Market Analysis
Chapter 11 Africa Market Analysis
Chapter 12 Oceania Market Analysis
Chapter 13 South America Industrial Explosives Market Analysis
Chapter 14 Company Profiles and Key Figures in Industrial Explosives Market Business
Chapter 15 Industrial Explosives Market Forecast (2022-2028)
Chapter 16 Conclusions
Continued….
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To analyze and validate the size of the overall market and other dependent sub-markets covered in this research report, the for Industrial Explosives Market engineering methodology employs a top-down and bottom-up approach, as well as several data triangulation methodologies. The second survey identified the market’s major participants, and the first and second surveys determined the market rankings.
Primary and secondary methodologies were utilized to study actual for Industrial Explosives Market sales and their breakdowns. Extensive primary searches, such as surveys, expert comments, profiles, and secondary ratings to business periodicals, industry directories, paid venues, and others, were conducted for the for Wireless Charging System evaluation. Furthermore, the industry research evaluates data obtained from a variety of sector analysts and important market participants along the industry’s value chain to produce a concise quantitative and qualitative analysis.
Key Takeaways:
⁕ The Latin America industrial explosives market is estimated to grow, with a CAGR of over the forecast period due to rise in adoption of traditional sources of electricity and hydroelectricity in the region. For instance, in January 2022, Comisión Federal de Electricidad (CFE) owned by Mexican state granted approval to buld 10 MW Amata small hydroelectric project in Cosalá municipality in the country.
⁕ The high demand for blasting agents for tunneling instead of mechanical drills is a major trend in the Latin America industrial explosives market. For instance, Orica, an Australia-based explosive manufacturer provides more than 15 denominations of explosives such as ANFO, emulsions etc. for tunneling projects.
⁕ Major players operating in the Latin America industrial explosives market are Detotec North America Inc., MAXAM, Accurate Energetic Systems, LLC., AEL Mining Services Ltd., Noble Explochem, EXSA SA, IBP Co., Enaex, Economic Explosives, Austin International, Keltec Energies, and Orica Limited.
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