South & Central America Industrial Explosives Market Forecast to 2031 - Regional Analysis - by Type (High Explosives, Blasting Agents, and Low Explosives) and Application (Mining, Construction, and Others)

Description

List of Tables

The South & Central America industrial explosives market was valued at US$ 432.79 million in 2023 and is expected to reach US$ 584.56 million by 2031; it is estimated to register a CAGR of 3.8% from 2023 to 2031.

Research and Development of Environment-Friendly Explosives Fuels South & Central America Industrial Explosives Market

The growing environmental awareness, stringent regulations, and the need for sustainable practices in various applications such as mining, construction, and avalanche control are fostering the research on several environment-friendly explosives. Environment-friendly explosives or green explosives are developed to minimize their environmental impact while maintaining or improving performance and safety. Water-based explosives such as water gels and emulsions are gaining traction as they tend to be safe and produce few harmful byproducts. In the construction industry, the use of environment-friendly explosives can mitigate the impact of urban blasting operations. The reduced emissions by green explosives contribute to better air quality. Green explosives are an important subfamily of explosives due to the ban of explosives on the basis of heavy metals such as lead azide and lead styphnate, according to the REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) list. The introduction of environment-friendly explosives is expected to become a significant trend in the South & Central America industrial explosives market over the coming years.

South & Central America Industrial Explosives Market Overview

South & Central America is a leading mineral producer and presents exploration potential in the mining sector. Brazil is one of the top five largest lithium-producing countries, according to the World Mining Data 2022 report by the Federal Ministry Republic of Austria. According to a report published by the International Energy Agency in 2023, Latin America's share of global copper exploration expenditure increased from 35% to 45% during 2012-2022, which indicates potential for mining production growth. As of 2023, countries in Latin America supply 35% of the global lithium, including Chile (26%) and Argentina (6%).

In 2022, Vale SA commenced production of sustainable sand Viga mine in Congonhas (Brazil), obtained from its iron ore tailing, to reduce the disposal of materials in dams or piles. South & Central America marks the presence of various major geological departments such as SERNAGEOMIN (Chile) and the Division of Special Projects and Strategic Minerals (Brazil). Government organizations and departments build mining project strategies focusing on lithium, rare earth elements, graphite, copper, and cobalt. Thus, the developing mining industry of South & Central America fuels the demand for industrial explosives across the region.

South & Central America Industrial Explosives Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Industrial Explosives Market Segmentation

The South & Central America industrial explosives market is categorized into type, application, and country.

Based on type, the South & Central America industrial explosives market is segmented into high explosives, blasting agents, and low explosives. the blasting agents segment held the largest market share in 2023. The high explosives system segment is further sub segmented into dynamites, gelatins, and RDX. The blasting agents system segment is further sub segmented into slurries and emulsions, ANFO, and blends.

In terms of application, the South & Central America industrial explosives market is segmented into mining, construction, and others. The mining segment held the largest market share in 2023.

By country, the South & Central America industrial explosives market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America industrial explosives market share in 2023.

Orica Ltd; AECI Ltd; Austin Powder Company; Dyno Nobel Ltd; Enaex SA; MaxamCorp Holding, S.L.; and EPC Groupe are some of the leading companies operating in the South & Central America industrial explosives market.

Product Code: BMIRE00031362

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
3.3 Limitations and Assumptions

4. South & Central America Industrial Explosives Market Landscape

4.1 Overview
4.2 Porters Five Forces Analysis
- 4.2.1 Threat of New Entrants
- 4.2.2 Threat of Substitutes
- 4.2.3 Bargaining Power of Buyers
- 4.2.4 Bargaining Power of Suppliers
- 4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Industrial Explosives Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End-Use Industry

5. South & Central America Industrial Explosives Market - Key Market Dynamics

5.1 South & Central America Industrial Explosives Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Growth of Mining Industry
- 5.2.2 Surge in Government Support for Infrastructure Development
5.3 Market Restraints
- 5.3.1 Stringent Government Regulations
5.4 Market Opportunities
- 5.4.1 Utilization of Explosives for Avalanche Control
5.5 Future Trends
- 5.5.1 Research and Development of Environment-Friendly Explosives
5.6 Impact of Drivers and Restraints:

6. Industrial Explosives Market -South & Central America Market Analysis

6.1 South & Central America Industrial Explosives Market Revenue (US$ Million), 2021-2031
6.2 South & Central America Industrial Explosives Market Forecast Analysis

7. South & Central America Industrial Explosives Market Analysis - by Type

7.1 High Explosives
- 7.1.1 Overview
- 7.1.2 High Explosives: South & Central America Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
- 7.1.3 Dynamites
  - 7.1.3.1 Overview
  - 7.1.3.2 Dynamites: South & Central America Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
- 7.1.4 Gelatins
  - 7.1.4.1 Overview
  - 7.1.4.2 Gelatins: South & Central America Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
- 7.1.5 RDX
  - 7.1.5.1 Overview
  - 7.1.5.2 RDX: South & Central America Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Blasting Agents
- 7.2.1 Overview
- 7.2.2 Blasting Agents: South & Central America Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2.3 Slurries and Emulsions
  - 7.2.3.1 Overview
  - 7.2.3.2 Slurries and Emulsions: South & Central America Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2.4 ANFO
  - 7.2.4.1 Overview
  - 7.2.4.2 ANFO: South & Central America Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2.5 Blends
  - 7.2.5.1 Overview
  - 7.2.5.2 Blends: South & Central America Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Low Explosives
- 7.3.1 Overview
- 7.3.2 Low Explosives: South & Central America Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)

8. South & Central America Industrial Explosives Market Analysis - by Application

8.1 Mining
- 8.1.1 Overview
- 8.1.2 Mining: South & Central America Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Construction
- 8.2.1 Overview
- 8.2.2 Construction: South & Central America Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Others
- 8.3.1 Overview
- 8.3.2 Others: South & Central America Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)

9. South and Central America Industrial Explosives Market -Country Analysis

9.1 South and Central America
- 9.1.1 South and Central America Industrial Explosives Market Overview
- 9.1.2 South and Central America: Industrial Explosives Market - Revenue and Forecast Analysis - by Country
  - 9.1.2.1 South and Central America: Industrial Explosives Market - Revenue and Forecast Analysis - by Country
  - 9.1.2.2 Brazil: Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.2.1 Brazil: Industrial Explosives Market Breakdown, by Type
    - 9.1.2.2.2 Brazil: Industrial Explosives Market Breakdown, by Application
  - 9.1.2.3 Argentina: Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.3.1 Argentina: Industrial Explosives Market Breakdown, by Type
    - 9.1.2.3.2 Argentina: Industrial Explosives Market Breakdown, by Application
  - 9.1.2.4 Rest of South and Central America: Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.4.1 Rest of South and Central America: Industrial Explosives Market Breakdown, by Type
    - 9.1.2.4.2 Rest of South and Central America: Industrial Explosives Market Breakdown, by Application

10. Competitive Landscape

10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 New Product Development

12. Company Profiles

12.1 Orica Ltd
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 AECI Ltd
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Austin Powder Company
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Dyno Nobel Ltd
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Enaex SA
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 MaxamCorp Holding, S.L.
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 EPC Groupe
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments

13. Appendix

13.1 About The Insight Partners