Enjoy complimentary customisation on priority with our Enterprise License!
The dynamite market share is expected to increase by USD 5.95 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.53%.
This dynamite market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers dynamite market segmentation by application (mining, defense, construction, and others) and geography (APAC, North America, Europe, South America, and MEA). The dynamite market report also offers information on several market vendors, including Austin Powder Co., EPC Groupe, Explosia as, Hanwha Corp., Incitec Pivot Ltd, KGHM Polska Miedz SA, MAXAMCORP HOLDING SL, Oy Forcit Ab, Titanobel, and Yara International ASA among others.
Download the Free Report Sample to Unlock the Dynamite Market Size for the Forecast Period and Other Important Statistics
The shifting of mining activities to emerging economies is notably driving the dynamite market growth, although factors such as stringent environmental legislation may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the dynamite industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Dynamite Market Driver
The increase in mining activities in developing countries is one of the key growth drivers for the global dynamite market. The use of dynamite in blasting and drilling at mining sites is an essential part of any mining process. Dynamites such as RDX, ANFO, and TNT are used on a large scale, majorly in coal mining and other mining activities such as quarrying and metal and non-metal mining. The high dependency on coal for power generation is anticipated to trigger mining activities and have a positive impact on the dynamite market growth in the near forecast period.
Key Dynamite Market Challenge
The increase in stringent environmental legislation is a major challenge for the dynamite market growth. A significant number of mines are being shut down worldwide due to environmental concerns and also due to a decline in global commodity prices as a result of a reduction in mining-related investments. Countries that had mining sector significance in the GDP have witnessed a decline in local as well Foreign Direct Investments (FDI). The major concerns are the rising carbon emission issues and global warming, leading to permanent closures of mines. This will have a negative impact on the global dynamite market growth during the forecast period.
This dynamite market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The parent global diversified metals and mining market covers companies engaged in the production or extraction of metals and minerals such as non-ferrous metals (except bauxite), salt and borate, phosphate rock, and diversified metal mining operations.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the dynamite market encompasses successful business strategies deployed by the key vendors. The dynamite market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The dynamite market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
For more insights on the market share of various regions Request for a FREE sample now!
53% of the market's growth will originate from APAC during the forecast period. China, Australia, and India are the key markets for dynamite market in APAC. Market growth in this region will be faster than the growth of the market in the rest of the regions.
The huge potential in different sectors of infrastructure development will facilitate the dynamite market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
To gain further insights on the market contribution of various segments Request for a FREE sample
The dynamite market share growth by the mining segment will be significant during the forecast period. There has been a shift of mining activities towards the emerging economies resulting in higher economic growth in these countries. The key factors responsible for this shift are rising commodity demand, advances in technology, higher prices of products, liberalized mineral policies, and privatization. Moreover, the increased demand for energy and growth of the manufacturing sector are driving the need for more minerals. Hence, the mining sector is shifting significantly in the emerging economies, which is driving the global dynamite market by the mining segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the dynamite market size and actionable market insights on post COVID-19 impact on each segment.
Dynamite Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.53% |
Market growth 2022-2026 |
$ 5.95 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.22 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 53% |
Key consumer countries |
China, US, Australia, Germany, Brazil, and India |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Austin Powder Co., EPC Groupe, Explosia as, Hanwha Corp., Incitec Pivot Ltd, KGHM Polska Miedz SA, MAXAMCORP HOLDING SL, Oy Forcit Ab, Titanobel, and Yara International ASA |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.