GITNUX MARKETDATA REPORT 2024

Explosive Power Statistics

Explosive Power Statistics involve analyzing and quantifying the ability to generate force rapidly over a short period of time.

Last Updated: June 20, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore a wide range of statistics related to the explosive power industry, shedding light on key figures such as the global explosives market value, incidents involving improvised explosive devices (IEDs), mining explosives market projections, and more. From historical inventions to modern-day applications, these statistics provide insights into the significant impact of explosives across various sectors worldwide.

Statistic 1

"The global explosives market was valued at approximately $14.61 billion in 2016."

Statistic 2

"In 2020, around 6.97 million metric tons of explosives were used in the United States."

Statistic 3

"The global mining explosives market is expected to reach nearly $23.77 billion by 2026."

Statistic 4

"In 2020, an estimated 665 incidents involving IEDs (improvised explosive devices) occurred worldwide."

Statistic 5

"The Asia-Pacific region had the largest market share of the explosives market, accounting for around 38% in 2014."

Statistic 6

"The commercial explosives sector is expected to grow at a CAGR of 6.7% from 2021 to 2028."

Statistic 7

"Black powder, the world's first chemical explosive, was invented in China in the 9th Century."

Statistic 8

"The annual death toll from terrorist attacks around the world has reportedly fallen 59% since 2014, to around 13,826 in 2019."

Statistic 9

"Approximately 1 in every 1000 Canadians has the necessary certification to handle, use, and transport explosives."

Statistic 10

"The estimated global military expenditure on weapons and ammunition, including explosives, was $1.8 trillion in 2019."

Statistic 11

"The use of explosives in mining operations in the U.S. accounts for about 90% of the total explosives market."

Statistic 12

"Unintentional explosion deaths in the U.S. numbered 158 in 2017."

Statistic 13

"About 42.8% of total U.S. industrial explosives were used for coal mining in 2003, which is the largest specific use of explosives."

Statistic 14

"The Indian explosives market is projected to grow at a CAGR of more than 5% during 2021-2026."

Statistic 15

"Nitroglycerin is one of the most sensitive explosives used industrially, and has an explosive force of over 13,000 meters/second."

Statistic 16

"The Latin American mining explosives market is expected to reach almost $2.16 billion by 2022."

Statistic 17

"Construction accounted for around 14% of the global explosives consumption in 2018."

Statistic 18

"Though ANFO is widely used in mining, 15% of the world's gold mines use emulsion explosives due to their higher energy and water resistance."

Statistic 19

"Global deaths from Terrorism have fallen for the fifth consecutive year in 2019 to 13,826 - a 15% decrease from the year before."

In conclusion, the statistics presented reveal a complex landscape surrounding the global explosives market and its multifaceted applications across various industries. The data highlights both the economic significance of explosives, with substantial market values and projected growth, as well as the concerning instances of incidents involving explosives, such as terrorist attacks and unintentional deaths. Despite advancements in technology and decreasing death tolls from terrorism, the use of explosives remains a critical aspect of industries like mining and construction, shaping economies and raising safety concerns worldwide.