Global Mining Explosives Market is Expected to 15,658 Million USD by 2022 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH
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QYResearch • The global Mining Explosives market is valued at 13,642 million USD in 2016 to 15,658 million USD in 2022, with the CAGR of 2.32% during the period, backed with the downstream industries. • The major players in global Mining Explosives market include Orica, MAXAM, AEL, IPL (Dyno Nobel), ENAEX, Sasol, Yunnan Civil Explosive, Solar Explosives, Gezhouba Explosive, EPC Groupe, Anhui Jiangnan, Poly Permanent Union Holding Group, Nanling Civil Explosive, BME Mining, NOF Corporation, IDEAL, Sichuan Yahua, AUSTIN, Kailong Chemical, Leiming Kehua.
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Mining explosives, most based on ammonium nitrate and in the form of bulk or packaged types, are widely used in mines, quarrying and nonmetal mining as well as metal mining. Many coal mines use explosives to loosen the rock and coal. In surface mining, holes are drilled through the overburden, loaded with explosives, and discharged, shattering the rock in the overburden. In one underground mining method, the coal is blasted off the bed without any undercutting to help break it down. Actually, coal mine is the largest consumer of mining explosives, which held about75% market share. Orica is the largest manufacturer of mining explosives. With manufacture facilities located in the important mining regions, the company has become a key player and has footprints in many countries. The company owns more than 20% share globally.
QYR As for the consumption, countries which have large output of mines, such as China, USA, Australia and so on, are the key consumers. In addition, mining explosives industry is influenced by many factors, such as mining industry, government’s policies. Manufacturers should keep keen on the downstream industries as well as policy changes. Market Segment by Regions, regional analysis covers • North America • Europe • China • Australia • South America • Middle East and Africa
Market Segment Applications, can be divided into • Coal Mining • Quarrying and Nonmetal Mining • Metal Mining
Market Segment by Type, covers • Ammonium Nitrate Explosives (Powder) • ANFO • Emulsion Explosive
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