Explosive, Global Market Size Forecast, Top 20 Players Rank and Market Share (Internet Services - Other Internet Services)
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Explosive, Global Market Size Forecast, Top 20 Players Rank and Market Share | |
Industrial explosives are high hazard blasting explosives primarily used in the mining and construction industry. Among them, mining explosive occupies the largest market share, and it can be widely used in coal mining, quarrying mining, nonmetal mining and metal mining. Coal mining is the most important application area of mining explosive. According to the new market research report “Global Explosive Market Report 2023-2029”, published by QYResearch, the global Explosive market size is projected to reach USD 18.01 billion by 2029, at a CAGR of -1.9% during the forecast period. The global key manufacturers of Explosive include Orica, Dyno Nobel, MAXAM, ENAEX, AEL, Yunnan Civil Explosive, Poly Permanent Union Holding Group, Gezhouba Explosive, AUSTIN, NOF Corporation, etc. In 2022, the global top five players had a share approximately 39.61% in terms of revenue. Market Drivers: In the global industrial explosives market, the Asia Pacific region emerged as the leader in terms of revenue share in 2022. This can be attributed to various factors including the availability of earth minerals, cost-effective labor, and a growing preference for the use of explosives in mining industry. China, India, Australia, and Indonesia are particularly driving the demand for industrial explosives in this region. The countries in Asia-Pacific prioritize mining activities to extract valuable mineral resources, which contribute significantly to their General Data Protection (GDP) growth. Restraint: The baseline forecast is for growth to fall from 3.4 percent in 2022 to 2.8 percent in 2023, before settling at 3.0 percent in 2024. Advanced economies are expected to see an especially pronounced growth slowdown, from 2.7 percent in 2022 to 1.3 percent in 2023. In a plausible alternative scenario with further financial sector stress, global growth declines to about 2.5 percent in 2023 with advanced economy growth falling below 1 percent. Global headline inflation in the baseline is set to fall from 8.7 percent in 2022 to 7.0 percent in 2023 on the back of lower commodity prices but underlying (core) inflation is likely to decline more slowly. Inflation’s return to target is unlikely before 2025 in most cases. Opportunity: In the future, the technical development trend of the mining explosives industry is mainly reflected in the following aspects. With the continuous improvement of the industrial explosives industry's requirements for production quality efficiency and safety control level, the automation and intelligence of the whole production process is becoming more and more important. The development trend of industrial explosives production equipment to full automation and intelligence puts forward higher requirements for the safety control and quality control of the production line. By fully adopting advanced intelligent security technology, industrial explosives production equipment will realize real-time monitoring of process parameters, dynamic diagnosis and Disposal, and full-line linkage control and other functions. For more information, please contact the following e-mail address: Email: global@qyresearch.com Website: https://www.qyresearch.com QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.  | |
| Target Nation: All Nations Target City : All Cities Last Update : 29 March 2024 3:24 AM Number of Views: 64 | Item Owner : Joyce Contact Email: Contact Phone: 13051817187 |
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2024-11-17 (0.224 sec)