The Latest Mining Explosive Industry Statistics Explained
The global mining explosives market size was valued at 14.1 billion USD in 2019.
The statistic stating that the global mining explosives market size was valued at 14.1 billion USD in 2019 represents the total revenue generated by the sales of explosives specifically used in the mining industry worldwide during that year. This figure reflects the significant scale and economic importance of mining explosives within the global mining sector. The size of the market indicates the substantial demand for explosives in mining operations, highlighting the essential role they play in various mining activities such as drilling, blasting, and excavation. The market value also suggests the potential opportunity for growth and investment within the mining explosives industry, as it continues to be a critical component in the extraction and processing of minerals and resources worldwide.
The mining explosives market is expected to witness a CAGR of 6.3% over the forecasted period (2021 – 2026).
This statistic indicates that the mining explosives market is projected to experience a Compound Annual Growth Rate (CAGR) of 6.3% during the period from 2021 to 2026. A CAGR expresses the consistent rate of growth over a specified time frame by smoothing out fluctuations in growth rates. The forecasted CAGR of 6.3% suggests a steady increase in the market size for mining explosives over the next five years. This growth can be attributed to factors such as increasing mining activities, advancements in technology, growth in the construction and infrastructure sectors, and rising demand for minerals and metals worldwide. It signifies potential opportunities and expansion in the mining explosives industry during the forecasted period.
In 2020, Asia Pacific dominated the mining explosives market with a share of 58.6%.
The statistic indicates that in 2020, the Asia Pacific region had the largest market share in the mining explosives industry, accounting for 58.6% of the total market. This domination suggests that a significant portion of the demand for mining explosives globally came from countries in Asia Pacific. Factors such as the region’s growing mining activities, increased infrastructure development, and strong demand for resources likely contributed to its leading position in the market. This statistic highlights the importance of the Asia Pacific region in the mining explosives sector and signifies its influence on the industry’s overall dynamics and trends.
Coal mining was the largest application area of mining explosives in 2021 and accounted for a market share of around 37%.
The statistic indicates that in 2021, coal mining was the primary sector utilizing mining explosives, representing approximately 37% of the total market share for these explosive materials. This suggests that coal mining operations significantly rely on explosives for various activities such as drilling, blasting, and excavation. The high market share also points towards the substantial volume of mining explosives consumed by coal mining companies compared to other mining sectors. This data underscores the importance of mining explosives in the coal mining industry and highlights the significant role they play in facilitating the extraction and processing of coal resources.
The mining explosives market in Latin America is projected to exhibit a CAGR of 4.5% during 2021-2026.
This statistic indicates that the mining explosives market in Latin America is expected to experience a Compound Annual Growth Rate (CAGR) of 4.5% between the years 2021 and 2026. This implies that the market is projected to grow steadily at an average annual rate of 4.5% over the specified period. The CAGR serves as a useful measure to forecast the future growth trajectory of a market, providing insights into the potential expansion opportunities and overall market performance. The projected growth rate suggests that the mining explosives industry in Latin America is likely to witness positive growth and increasing demand in the coming years, driven by factors such as rising mining activities and infrastructure development projects in the region.
In 2019, China was the world’s largest producer of mining explosives, with a production volume of about 1.5 million metric tons.
The statistic stating that “In 2019, China was the world’s largest producer of mining explosives, with a production volume of about 1.5 million metric tons” highlights China’s significant role in the global mining industry. With a production volume of 1.5 million metric tons, China’s dominance in mining explosives production speaks to its scale of mining operations and industrial capabilities. This statistic underscores China’s influence in supplying raw materials essential for mining activities worldwide, potentially impacting global supply chains and market dynamics in the mining sector. The data suggests that China plays a crucial role in meeting the demand for mining explosives that are vital for various mining operations globally.
The use of ammonium nitrate in mining explosives is expected to witness a growth rate of 5.2% by 2025.
The statistic indicates that the usage of ammonium nitrate in mining explosives is projected to increase at a rate of 5.2% by the year 2025. This growth rate implies that the demand for ammonium nitrate as a key ingredient in mining explosives is expected to rise steadily over the coming years. Factors such as the expansion of mining activities, technological advancements in mining operations, and the increasing global demand for minerals and resources could contribute to this growth. Mining companies and producers of ammonium nitrate may need to ramp up their production capacities to meet the growing demand, while also ensuring safety measures are in place due to the potential hazards associated with handling and using explosives in mining operations.
Bulk explosives to hold the largest share of the mining explosives market by 2026.
This statistic implies that bulk explosives are projected to dominate the mining explosives market and maintain the highest market share by the year 2026. This could be due to various factors such as the cost-effectiveness and efficiency of bulk explosives in mining operations, their ability to cover a larger area for blasting, and their widespread usage across different mining activities. The forecast suggests that bulk explosives are likely to continue being the preferred choice for mining companies in the coming years, reflecting their significance in the industry and consistent demand among mining operations worldwide.
From 2021 to 2026, the Middle East & Africa mining explosives market is expected to register a CAGR of 2.5%.
This statistic suggests that the Middle East & Africa mining explosives market is projected to experience a Compound Annual Growth Rate (CAGR) of 2.5% between the years 2021 to 2026. This means that on average, the market size for mining explosives in the Middle East & Africa region is anticipated to increase by 2.5% each year over the specified time period. The CAGR provides a way to understand the smooth annual growth rate of the market and indicates the steady expansion expected in the mining explosives industry in this region. This forecast can be useful for industry stakeholders in making strategic decisions and planning for future developments in the market.
Overall, the global mining explosives market is dominated by a few key players, including Orica, Dyno Nobel, and AEL.
The statistic indicates that in the global mining explosives market, a significant portion of the market share is concentrated among a small number of major companies, specifically Orica, Dyno Nobel, and AEL. This domination suggests that these companies have a strong presence and influence in the industry, likely due to factors such as their established reputation, advanced technology, or extensive distribution networks. As key players, they are likely to have a significant impact on market trends, pricing, and overall competitiveness within the mining explosives sector, potentially shaping the industry’s direction and dynamics.
The surface mining segment is forecasted to hold the highest market share of the mining explosives market by 2027.
The statistic suggests that the surface mining segment is projected to have the largest proportion of market share within the mining explosives industry by the year 2027. This indicates that the demand for mining explosives for surface mining activities is expected to surpass that of other mining methods such as underground mining. Factors contributing to this forecasted outcome may include the growth of surface mining operations, technological advancements improving efficiency and safety in surface mining, and the extraction of valuable minerals or resources from surface mines. The data suggests that the surface mining segment is expected to dominate the market for mining explosives in the near future, highlighting the significance of this sector within the overall mining industry.
The Non-Metal Mining segment in the Global Mining Explosives Market is estimated to grow at a CAGR of 6.8% by 2025.
The statistic indicates that the Non-Metal Mining segment within the Global Mining Explosives Market is projected to experience a Compound Annual Growth Rate (CAGR) of 6.8% by the year 2025. This implies that the demand for mining explosives within the non-metal mining sector is expected to steadily increase at an average annual rate of 6.8% over the specified timeframe. Such growth reflects positive trends and opportunities within this particular segment of the mining industry, potentially driven by factors such as increasing mining activities, technological advancements, and economic conditions impacting the demand for non-metal minerals worldwide.
The North American mining explosives market was valued at USD 1.89 Billion in 2020.
The statistic indicates that the North American mining explosives market had a total value of USD 1.89 billion in the year 2020. This value represents the total amount of money spent on mining explosives within the North American region during that year. The market value provides insights into the size and economic significance of the mining explosives industry in North America, highlighting the level of investment and activity in this sector. This information is important for stakeholders such as mining companies, investors, and policymakers to understand the scale of the market and make informed decisions regarding investments, regulations, and resource allocation within the mining industry in North America.
India was the second-largest coal importer in 2017 using these imports mainly for power generation which fuels the demands for mining explosives.
The statistic highlights India’s significant role as the world’s second-largest coal importer in 2017, with a primary focus on utilizing these imports for power generation. This reliance on coal imports underscores the country’s continuing demand for energy sources to fuel its growing economy and meet the needs of its population. Additionally, the import of coal for power generation also has implications for the mining industry, specifically in terms of the demand for mining explosives required to extract coal from mines. Consequently, the statistic emphasizes the interplay between energy consumption, resource importation, and supporting industries in India during this period.
The use of mining explosives for stone quarries in the U.S. has seen more than a 30% increase in the past decade.
The statistic indicates that the use of mining explosives in stone quarries in the United States has experienced a substantial growth of over 30% within the last ten years. This notable increase suggests a rise in quarrying activities and the extraction of stone resources using explosives as a common mining method. The shift towards more explosive-based techniques could be driven by factors such as increased demand for construction materials, advancements in blasting technology, or changes in regulations governing quarry operations. This trend highlights the significant impact of mining explosives on the industry’s operational practices and underscores the need for monitoring and regulation to ensure safe and sustainable quarrying practices in the U.S.
Very powerful explosives (up to 80 tons of ANFO) may be used in a single open-pit mine blast.
The statistic mentions the use of very powerful explosives, specifically up to 80 tons of Ammonium Nitrate Fuel Oil (ANFO), in a single open-pit mine blast. This highlights the significant scale of explosive material that can be deployed in mining operations to break down large volumes of rock and ore. ANFO is a commonly used explosive due to its effectiveness and cost-efficiency. The massive quantity of explosives mentioned underscores the intense energy required to fracture and move substantial amounts of rock in open-pit mining, where large machinery and explosives are essential for excavation and ore extraction. Such explosive operations must be carefully planned and executed to ensure safety and efficiency in open-pit mining activities.
Conclusion
Mining explosive industry statistics offer valuable insights into the dynamics and trends of this sector. By analyzing data on production, consumption, prices, and market share, stakeholders can make informed decisions to optimize their operations and stay competitive in the market. Understanding the statistical trends in the mining explosive industry can help companies anticipate challenges, identify opportunities, and strategically plan for the future.
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