Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Research Reports

Industrial Explosives Market Is Estimated To Expand At A Healthy CAGR Of More Than 6% Over The Forecast Period Of 2021

The Spirulina Extract Market’S Growth Is To Be Defined By Innovation Continuously



Growing demand for coal and metals across various industrial sectors is one of the leading driving factors for the growth of the global industrial explosives market. The mining sector has witnessed significant growth in the past few years, which is expected to continue over the coming years as well. Increasing demand from automotive and construction industries is expected to fuel growth of the mining sector. Demand for bulk industrial explosives is extremely high, and this segment will continue to enjoy a huge market share over the next ten years.

As per analysis by Persistence Market Research, the global industrial explosives market is estimated to expand at a healthy CAGR of more than 6% over the forecast period of 2021-2031.

Request For Report Sample@

Key Takeaways from Market Study

  • Demand for bulk explosives has seen prominent growth in recent years, as they are used as a blasting material with an interesting ratio performance/price.
  • Increasing demand for packaged explosives from the construction sector is expected to complement market growth.
  • Increasing requirement for coal has led to significant growth in demand for industrial explosives.
  • Demand for metals from various industries has seen tremendous growth over the decades. As such, the need for industrial explosives has been rising steadily over the past few years for related applications, especially in nations such as India, China, and Russia.
  • Currently East Asia is the most lucrative market for industrial explosives due to increased domestic demand for metals and coal, and rising construction activities.
  • Due to the COVID-19 pandemic, industrial activities were hit, thereby diminishing demand for explosives. In 2020, the market witnessed a growth of only 0.9%. However, with activities gradually increasing across sectors, growth in 2021 is pegged at close to 5%.

“Demand for industrial explosives in high from the mining sector across regions, which holds a market share of more than 80%,” says an analyst of Persistence Market Research. 

Request For Report Customization @

Competitive Landscape

The global industrial explosives market has been identified as a significantly fragmented market, with the organized sector occupying a major section of the overall industry. Tier-1 manufacturers account for maximum share. Some of the leading players included in the report are Orica Limited, NOF corporation, Enaex S.A., African Explosives Limited, Dyno Nobel, Exsa S.A. Maxam corp Holdings, Austin Powder Company, Irish Industrial Explosives Ltd, Ideal Industrial Explosives Limited, Sichuan Yahua Industrial Group Co., Ltd, BME Mining, Solar Industries, LSB Industries, and Eurenco S.A., which are anticipated to create a tough competitive environment at the global level.


Demand for industrial explosives is anticipated to increase substantially owing to the growing mining as well as construction sector due to rapid urbanization and industrialization across the globe. Volatile demand due to the cyclic process in mining industry has a significant impact on demand. Increasing housing and infrastructure projects and enhancement of public transportation facilities – including railways and roadways – is expected to result in growth in the number of intensive tunneling and road development projects in countries such as India and the MEA region. Increasing use of industrial explosives in the construction industry for tunneling and other applications along with inclination of construction professionals toward the use of industrial explosives to save time and labor costs is leading toward growing use of explosives in the construction industry.

More Valuable Insights

Persistence Market Research, a research and consulting firm has published a market research report on the industrial explosives market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031. The report provides in-depth analysis of the market through different segments, namely, type, end use, and region. The report also provides supply and demand trends, along with an overview of the parent market.

For in-depth competitive analysis, buy now@

About us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

Contact us:

Persistence Market Research

Address – 305 Broadway, 7th Floor, New York City,

NY 10007 United States

U.S. Ph. – +1-646-568-7751

USA-Canada Toll-free – +1 800-961-0353

Sales –



Continue Reading