Today: February 11, 2016, 5:37 am
  
Finance

Global explosives market: 15.8 million metric tons sold by 2018

companiesandmarkets.com
companiesandmarkets.com
Explosives: A Global Strategic Business Report - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-14 12:51:01
The global Explosives market is projected to reach 15.8 million metric tons by 2018, driven by growing demand from emerging economies and technology advancements focused on development of safe blasting technologies.

Fortunes of the explosives industry are closely linked with the metal/mineral extraction industry. More than 75% of the explosives production is consumed in mining operations alone across the globe. While the market has entered a stabilization phase in some countries, it is picking up momentum in other economies with availability of extensive mineral deposits for excavation and rebound in construction and quarrying activity. Developing economies such as China, India, and South Africa are expected to drive growth of the explosives market with rise in mining, construction as well as manufacturing industries. In addition, civil works such as tunnel constructions and other development projects in emerging markets are expected to drive market growth.

Currently, lower commodity prices post a concern for explosives industry, as major mining companies focus on lower operating costs and tightening operating cash flows. Given that explosives constitute 10%-15% of the mining costs, pricing of explosives is expected to be under pressure for reducing operating costs by mining companies. Besides the fall in commodity prices, underperformance in North America amidst growing shift towards natural gas by power generation companies and continued weakness in West European markets continue to impact the demand for explosives in recent years.

Asia-Pacific represents the largest and fastest growing market for explosives worldwide. With the Chinese and Indian economies displaying strong demand, global players are venturing these markets to gain presence. Also demand for ammonium nitrate, a key component in explosive manufacture, is expected to increase significantly, as mining companies gear up to expand production in these economies. African mining industry is an active sector, with several Greenfield and Brownfield expansion projects in various stages of planning and implementation. South African market for explosives continues to remain strong, driven by the extensive mineral deposits available in the country. Global Industry Analysts ©

Click for report details: www.companiesandmarkets.com/Market/Chemicals/Market-Research/Exp ..

Browse all Chemicals Market Research Reports www.companiesandmarkets.com/Market/Chemicals/Market-Research?aCo ..

Browse all Chemicals Company Profile Reports www.companiesandmarkets.com/Market/Chemicals/Company-Profile?aCo ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Press Information


Published by
Mike King
London: +44 (0) 203 086 8600
e-mail
www.companiesandmarkets.com



# 528 Words
Related Articles
 
More From Finance
Arizona Real Estate Stats 2015
COMMENTARY by Tom Ruff of The Information Market Permission is granted only to ARMLS® Subscribers for reproduction with attribution [..]
Investing.co.uk Announces New Trader Counsel Services
LONDON - Jan. 25, 2016 - British financial news source Investing.co.uk has announced that it will now be offering the [..]
Credit-Yogi.com Offers Free Advice For Getting Completely [..]
Everyone has some degree of debt to deal with. Some folks have a lot of it, and they need to [..]
Offshore Processing slashes credit card processing costs [..]
High risk and high volume merchants engaged in unconventional trades, such as Adult Content, Adult Goods, Online Casinos, Online [..]
Real-Estate-Yogi Offers Free Advice to Returning Veterans [..]
Veterans of the United States are returning from active duty and need places to live. It is up to lenders [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.