Commercial Explosives Market
Commercial Explosives Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Commercial Explosives Market Size and Growth
The Commercial Explosives market is experiencing steady growth, driven by demand in mining, construction, and demolition industries. The global market size is estimated to reach approximately $25 billion by 2026, reflecting a compound annual growth rate of around 5%. Factors influencing trends include technological advancements and regulatory frameworks.
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Companies Covered
(Covid 19 Impact Covered)
◍ Orica Mining Services
◍ EPC Groupe
◍ Austin Powder Company
◍ Enaex
◍ AECI Group
◍ Maxam Corp
◍ Hanwha Corp
◍ Chemring Group
◍ AEL Mining Services
◍ Titanobel
◍ Sichuan Yahua Industrial Group
◍ Henan Qianjin Chemical
◍ Solar Industries
◍ China Poly Group
◍ Hunan Nanling Industrial Explosive Materials
◍ Hunan Shinehood Explosive Group
◍ Incitec Pivot
The Commercial Explosives Market comprises several key players like Orica, EPC Groupe, and AECI, focusing on mining and construction sectors. These companies enhance market growth by innovating products, optimizing supply chains, and expanding globally.
Selected companies' revenues include:
- Orica: $3.5 billion - Enaex: $600 million - Incitec Pivot: $1.8 billion
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◍ Jiangxi Fuzhou Guotai Specialty Chemical
Market Segmentation
By Application
Mining
Quarrying ◍ Construction ◍ Oil and Gas
Others
By Product
◍ Ammonium Nitrate Explosives
◍ ANFO
◍ Water-based Explosives ◍ Nitroglycerine Explosives ◍ Others
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Market Growth
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$ X Billion USD
