Asia Pacific 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 Asia Pacific industrial explosives market was valued at US$ 17,874.11 million in 2023 and is expected to reach US$ 27,719.47 million by 2031; it is estimated to register a CAGR of 5.6% from 2023 to 2031.

Surge in Government Support for Infrastructure Development Boosts Asia Pacific Industrial Explosives Market

Industrial explosives play a major role in infrastructure development, providing an efficient and cost-effective means for large-scale excavation and demolition. Their applications span from the construction of roads, dams, tunnels, and other civil engineering projects. The utilization of industrial explosives allows for the rapid breaking of rock and other hard materials, which is essential for creating foundations and facilitating the extraction of resources. In mountainous regions, tunnels are constructed to ensure the passage of roads and railways. Blasting allows engineers to efficiently carve through rocks, resulting in the formation of stable tunnels. The development of dams and reservoirs also relies heavily on industrial explosives. Controlled blasting techniques are used for the removal of substantial amounts of rock.

The government-supported infrastructure projects generally include roads, dams, bridges, tunnels, ports, airport pavements, and highways. In May 2023, South Korea and Saudi Arabia signed two memorandums of understanding with an aim to enhance business opportunities in the transport and logistics industries, including public transport, air transport, roads, ports, railways, and logistics. The construction business in India is expected to grow significantly, attributed to the expansion of the National Infrastructure Pipeline of US$ 1.35 trillion by 2025. Thus, the surge in government support for infrastructure development fuels the Asia Pacific industrial explosives market growth.

Asia Pacific Industrial Explosives Market Overview

Asia Pacific marks the presence of major mining companies such as Mitsubishi Materials Corporation, Jiangxi Copper Co Ltd, Aluminum Corporation of China Ltd, Coal India Limited, China Molybdenum Co Ltd, BHP, etc. Asia Pacific has 10 major surface mining projects-Green mine (China), Sangatta mine (Indonesia), Heidaigou mine (China), Oyu Tolgoi Copper-Gold mine (Mongolia), Gevra OC mine (India), Letpadaung Copper mine (Myanmar), Li mine (Thailand), FTB Project (Thailand), and Pasir mine (Indonesia). According to the report published by the US Geological Survey in 2022, China is the producer of 16 critical minerals out of 25 listed minerals. According to research conducted by the Norwegian Institute of International Affairs in 2022, Central Asia recorded a presence of 38.6% of global manganese ore reserves, 30.07% of chromium, 20% of lead, 12.6% of zinc, 8.7% of titanium, 5.8% of aluminum, and 5.3% of copper. China's well-established mining infrastructure and expertise in rare earth metal extraction enable efficient extraction of scandium-containing ores, ensuring a steady supply to meet domestic and global demand. China, Tajikistan, Australia, Vietnam, and other countries account for major antimony mine production and reserves worldwide. As per the International Energy Agency, Chinese companies doubled their investments in critical mineral exploration, especially in lithium projects.

In June 2024, Seksiui, an Osaka-based developer, was notified by the municipal government of Japan to cancel the project and demolish the 10-storey, 18-unit building in Kunitachi. In July 2024, Koh Samui municipality (Thailand) suspended a Chinese-owned luxury resort project on Koh Samui due to permit issues, resulting in possible demolition. According to the National Investment Promotion & Facilitation Agency, India allocated an investment budget of US$ 1.4 trillion in infrastructure under the National Infrastructure Pipeline by 2025, of which 18% accounted for roads and highways, 17% accounted for urban infrastructure, and 12% for railways. The demand for industrial explosives is directly proportional to the region's mining operations, mineral exploration, and demolition activities. Therefore, growth in mining and demolition operations bolsters the demand for industrial explosives in Asia Pacific.

Asia Pacific Industrial Explosives Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Industrial Explosives Market Segmentation

The Asia Pacific industrial explosives market is categorized into type, application, and country.

Based on type, the Asia Pacific 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 Asia Pacific industrial explosives market is segmented into mining, construction, and others. The mining segment held the largest market share in 2023.

By country, the Asia Pacific industrial explosives market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific industrial explosives market share in 2023.

Orica Ltd; AECI Ltd; Austin Powder Company; Dyno Nobel Ltd; Enaex SA; MaxamCorp Holding, S.L.; Solar Industries India Ltd; EPC Groupe; Keltech Energies Ltd; and Hanwha Corp are some of the leading companies operating in the Asia Pacific industrial explosives market.

Product Code: BMIRE00031360

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. Asia Pacific 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
- 4.3.5 List of Vendors in Value Chain

5. Asia Pacific Industrial Explosives Market - Key Market Dynamics

5.1 Asia Pacific 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 -Asia Pacific Market Analysis

6.1 Asia Pacific Industrial Explosives Market Revenue (US$ Million), 2021-2031
6.2 Asia Pacific Industrial Explosives Market Forecast Analysis

7. Asia Pacific Industrial Explosives Market Analysis - by Type

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

8. Asia Pacific Industrial Explosives Market Analysis - by Application

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

9. Asia Pacific Industrial Explosives Market -Country Analysis

9.1 Asia Pacific
- 9.1.1 Asia Pacific Industrial Explosives Market Overview
- 9.1.2 Asia Pacific: Industrial Explosives Market - Revenue and Forecast Analysis - by Country
  - 9.1.2.1 Asia Pacific: Industrial Explosives Market - Revenue and Forecast Analysis - by Country
  - 9.1.2.2 Australia: Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.2.1 Australia: Industrial Explosives Market Breakdown, by Type
    - 9.1.2.2.2 Australia: Industrial Explosives Market Breakdown, by Application
  - 9.1.2.3 China: Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.3.1 China: Industrial Explosives Market Breakdown, by Type
    - 9.1.2.3.2 China: Industrial Explosives Market Breakdown, by Application
  - 9.1.2.4 India: Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.4.1 India: Industrial Explosives Market Breakdown, by Type
    - 9.1.2.4.2 India: Industrial Explosives Market Breakdown, by Application
  - 9.1.2.5 Japan: Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.5.1 Japan: Industrial Explosives Market Breakdown, by Type
    - 9.1.2.5.2 Japan: Industrial Explosives Market Breakdown, by Application
  - 9.1.2.6 South Korea: Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.6.1 South Korea: Industrial Explosives Market Breakdown, by Type
    - 9.1.2.6.2 South Korea: Industrial Explosives Market Breakdown, by Application
  - 9.1.2.7 Rest of APAC: Industrial Explosives Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.2.7.1 Rest of APAC: Industrial Explosives Market Breakdown, by Type
    - 9.1.2.7.2 Rest of APAC: 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 Solar Industries India Ltd
- 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
12.8 EPC Groupe
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Keltech Energies Ltd
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Hanwha Corp
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners