APAC and MEA Mining Explosives Market

The APAC and MEA mining explosives market size was valued at US$ 14,622.75 million in 2022 and is projected to reach US$ 20,353.54 million by 2030; it is expected to grow at a CAGR of 4.2% from 2023 to 2030.

Market Introduction

Mining explosives are produced with precise technology, high-quality raw materials, and a strong emphasis on safety and are further utilized for the extraction of ore from the earth’s crust. Ammonium nitrate is the main component in the explosive type used in the mining sector. The APAC and MEA mining explosives market is segmented by type, application, and region.

Pentaerythritol Tetranitrate (PETN) is a high-performance explosive widely used in various industries, including mining. Efficient fragmentation of rock formation is essential in mining to maximize ore or mineral recovery and minimize waste. PETN is known for its high explosive power and sensitivity, making it effective for blasting and fragmenting hard rock formation. It generates a rapid release of energy upon detonation, resulting in efficient fragmentation and excavation of mineral deposits during mining operations. PETN can be manufactured in various forms, including granules, prills, and castings, allowing flexibility and customization to meet specific mining requirements.

Further, PETN has favorable safety characteristics compared to some other high explosives. It has a relatively low sensitivity to shock and friction, reducing the risk of accidental detonations during handling, transportation, and storage. The inherent stability of PETN makes it a preferred choice for mining operations where safety is paramount. In addition, PETN is considered to have a lower environmental impact than other explosives. It has a relatively low level of toxic emissions and a reduced carbon footprint during production and use. The mining industry is increasingly focused on sustainable practices and minimizing environmental impact. Due to all these factors, demand for PETN is expected to increase, which would boost the Middle East & Africa and Asia Pacific mining explosives market growth in the coming years.

Key Market Segments

Based on application, the APAC and MEA mining explosives market is segmented into quarrying and non-metal mining, metal mining, and coal mining. In 2022, the coal mining segment held the largest share in APAC and MEA mining explosives market. The coal sector acts as a backbone for many emerging economies. Coal surface mines rely entirely on explosives to uncover mineral deposits. Blasting is considered an essential component for the successful extraction of coal resources from the deposits. A considerable quantity of explosives is deployed in coal mining, propelling the demand for mining explosives.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the APAC and MEA mining explosives market are paid databases (Factiva), publications, hoovers, investor presentations, newsletters, sec archives, annual reports, and other information available in the public domain. Orica Limited, Al Fajar Al Alamia Co SAOG, Dyno Nobel, China Poly Group Corporation, NOF Corporation, Hanwha Group, Anhui Jiangnan Chemical Co Ltd, Koryo Nobel Explosives, Solar Group, and Omnia Group Company are some of the major players operating in the APAC and MEA mining explosives market.

Reasons to buy report

• Progressive industry trends in the APAC and MEA mining explosives market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the APAC and MEA mining explosives market from 2020 to 2030
• Estimation of the demand for mining explosives in APAC and MEA across various industries
• Recent developments to understand the competitive market scenario and the demand for mining explosives in APAC and MEA.
• Market trends and outlook coupled with factors driving and restraining the growth of the APAC and MEA mining explosives.
• Decision-making process by understanding strategies that underpin commercial interest with regard to APAC and MEA mining explosives market growth
• APAC and MEA mining explosives market size at various nodes of market
• Detailed overview and segmentation of the APAC and MEA mining explosives market as well as its dynamics in the industry
• APAC and MEA mining explosives market size in various regions with promising growth opportunities

APAC and MEA Mining Explosives Market Segmentation

APAC and MEA Mining Explosives Market, by Type

• Trinitrotoluene (TNT)
• ANFO
• RDX
• Pentaerythritol Tetranitrate (PETN)
• Others

APAC and MEA Mining Explosives Market, by Application

• Quarrying and Non-Metal Mining
• Metal Mining
• Coal Mining

APAC and MEA Mining Explosives Market, by Region

• Asia Pacific

  • Australia
  • China
  • India
  • Indonesia
  • Vietnam
  • Rest of APAC

• Middle East & Africa

  • South Africa
  • Zimbabwe
  • Nigeria
  • Saudi Arabia
  • UAE
  • Rest of MEA

Company Profiles

• Orica Limited
• Al Fajar Al Alamia Co SAOG
• Dyno Nobel
• China Poly Group Corporation
• NOF Corporation
• Hanwha Group
• Anhui Jiangnan Chemical Co Ltd
• Koryo Nobel Explosives
• Solar Group
• Omnia Group Company