Explosives Market Projected to Reach 12.9 Million Metric Tons by 2015, According to New Report by Global Industry Analysts, Inc.

Share Article

Demand patterns in the explosives market are susceptible to fluctuations in economy, metal price trends, transition from underground mining to surface mining, and availability of viable competitive technologies. In light of these factors, global demand for explosives is projected to reach 12.9 million metric tons by 2015.

Explosives: A Global Strategic Business Report

Explosive is a blended chemical substance that suffers quick change on reacting with host of external elements including friction, high temperature, impact, or shock. More often than not, explosives are custom packed for different end-uses, without exposing the chemical mixture to agents that may trigger explosion. Coal mining comprises the major end-use sector for explosives.

Asia-Pacific and the United States comprise the largest markets for explosives, as stated in a recent report published by Global Industry Analysts, Inc. Growth in the mining industry in Africa is a major factor boosting the explosives market. Countries in the Pacific Rim and Latin America, where penetration levels are low despite rich metal and coal reserves, offer tremendous scope for growth. Blasting agents comprises the largest segment. The industry is witnessing the development of improved and automated blasting technologies, as environmental concerns push the demand for non-explosive and environment-friendly blasting solutions.

Major players profiled in the study include African Explosives Limited, Alliant Techsystems Inc., Austin Powders Company, ENAEX, Exchem Plc, Incitec Pivot Limited, LSB Industries, MaxamCorp, S.A., NOF Corp., Orica Ltd., Sasol Limited, SA d'Explosifs et de Produits Chimique, and Societe Nationale Des Poudres Et Explosifs (SNPE).

"Explosives: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market dynamics and trends in the explosives market. The report enumerates recent product introductions/innovations, developments, mergers, acquisitions and other strategic industry activities. Product segments analyzed include Blasting Agents, Propellants, and Pyrotechnics. Analysis is provided for the time periods 2001-2005 and 2006-2015 for established and emerging markets including the United States, Canada, Japan, France, Germany, the UK, Italy, Spain, CIS, Asia, Latin America and the Middle East/Africa.

For more details about this research report, please visit http://www.strategyr.com/Explosives_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press (at) StrategyR (dot) com
Web Site http://www.StrategyR.com


Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website