PUBLISHER: Market Research Future | PRODUCT CODE: 1813210
PUBLISHER: Market Research Future | PRODUCT CODE: 1813210
Industry Overview
The Indonesia mining explosives market is expected to be valued at USD 737.68 million, growing steadily at a 6.29% CAGR over the forecast period. Mining explosives refer to high-energy materials designed for blasting in mines and quarries. They are crucial for fragmenting hard rock formations, enabling easier handling and processing of minerals.
Expansion of the coal industry is one of the main factors that is massively driving the mining explosives market of Indonesia. Being one of the top coal-exporting countries in the world, Indonesia provides coal to the major consumers at a very competitive price. Those consumers include China, India, Japan, and Korea. The government is encouraging the raising of the output targets, as is the case with PT Bumi Resources' planned production increase. Growing electricity needs, rapid urbanization, and industrialization further amplify coal extraction, directly driving the consumption of mining explosives.
Major Company Development
In November 2022, Dahana made a very significant move when it signed a contract with Lahab Defence Systems, a subsidiary of the Edge Group, for the potential establishment of a TNT manufacturing factory at the Energetic Material Center in Subang. The cooperation is accompanied by a common view of a technical roadmap for infrastructure development and further market penetration in propellant and RDX production. By localizing supply, Dahana aims to mitigate risks from foreign embargoes and import interruptions, thereby securing Indonesia's needs for vital explosive components.
Major players in the Indonesia mining explosives market are AECI MINING, Dahana. Id, Omnia Holdings Limited, Dyno Nobel, Hanwa Corporation, PT. Multi Nitrotama Kimia (PT. MNK), MEXIS, and BME.
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