The notable increase in construction, mining, and infrastructure investments across the globe prominently pushes demand for emulsion explosives. The sales volume of emulsion explosives is projected to reach nearly 13 million tons by the end of 2029, as indicated by a new research study of Future Market Insights (FMI). Witnessing moderate expansion of more than 4% in consumption volume, the emulsion explosive market is slated for a steady growth outlook over the forecast period of 2019-2029. Water-resistant capabilities of emulsion explosives and lesser complexities associated with their transportation would remain key factors fueling their sales in the global market.
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Key Takeaways – Emulsion Explosives Market Study
- Bulk emulsion explosives are rapidly replacing packaged explosives in underground mining applications because of the additional benefits that they offer.
- Apart from mining companies, these explosives are also being used in the construction industry for tunneling purposes and the demolition of old infrastructure. With more construction activities taking place around the globe, the demand for mining emulsion explosives has also increased tremendously.
- Blasting agents are chosen over mechanical drills as they cover a wider area, consume less time, are easy to transport from one place to other, and are available at low costs.
- The best sourcing practice for mining companies is to engage in long-term supply contracts with fully-integrated, full-line emulsion explosive suppliers that produce their blasting and explosives accessories.
- The rapidly growing construction industry in developing economies such as China, India, and Brazil is further fueling the demand for emulsion explosives in the regions.
- Consumer bargaining power is high as there are many emulsion explosive suppliers in the market. Also, major mining manufacturers have strong negotiation power because of their large consolidated business volume.
- Manufacturers cannot maintain sufficient stocks, owing to the regulatory framework for explosives that caps the limit of buffer stocks.
The market for emulsion explosives is currently growing at a moderate pace, as it is already mature in EU countries, and witnessing healthy growth in the Asian region. Also, over the recent past, the construction and mining industries have been focusing on worker safety while conducting blasting activities at their sites.
How is Emulsion Explosives Market Structure Defined?
Dominated by established international players, the emulsion explosives market is moderately fragmented. Some of the key players in the emulsion explosives market such as Orica Limited hold a major share of the market pie in terms of revenue. The best sourcing practice for mining companies is to engage in long-term supply contracts with fully integrated, full-line emulsion explosive suppliers that produce their blasting and explosives accessories.
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EMULSION EXPLOSIVE MARKET TAXONOMY
The global emulsion explosives market is segmented to cover every aspect of the market and present complete market intelligence to the reader.
Product
- Bulk Emulsion
- Cartridge Emulsion
- Recycled Oil Emulsion
Application
- Mining
- Surface Mining
- Underground Mining
- Quarrying
- Others
- Hard Rock
- Air Blasting
- Colliery
- Maritime Blasting/Seismic
- General Blasting
- Tunneling
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa
FREQUENTLY ASKED QUESTIONS ABOUT EMULSION EXPLOSIVE MARKET
What was the global market value of emulsion explosives in the year 2018?
The total sales in the global emulsion explosive market were US$ 2 Bn in 2018 owing to the rapid rise in the infrastructural activities along with economic growth and increasing preference for industrial explosives in mining and construction activities.
Which are the factors contributing to the increase in sales of emulsion explosives?
Governments of the developing economies are targeting tapping rich mineral resources through mining and quarrying along with governments’ stringent regulations on using and storing industrial explosives are predominantly affecting the market growth.
Which application is expected to drive the growth of the emulsion explosive market?
The mining industry is expected to grow at a healthy rate over the forecast period due to the exploration of new mines and increasing mining activities in various regions. Underground mining accounts for a significant share in the consumption of emulsion explosives.
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How is the growing demand for bulk emulsion catapulting the need for emulsion explosives?
In underground mining applications, bulk emulsion systems are rapidly opening avenues by replacing the packaged explosives due to the additional benefits it offers in underground operations. Owing to this, the growing demand for bulk emulsion is augmenting the emulsion explosive market sales.
Which factor is impacting the growth of the North American market for emulsion explosives?
North America is projected to dominate the global emulsion explosive market due to the growing adoption of conventional sources of electricity such as hydroelectric power plants. Increasing construction of hydroelectric power plants requires the use of explosives to blast the rocks in the surroundings of water resources which is driving the growth of North America’s emulsion explosive market growth.