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The Emulsion Explosive Market is expected to grow at a significant CAGR of 4.9 percent between 2022 and 2028
Witnessing moderate expansion of more than 4% in consumption volume, emulsion explosive market is slated for a steady growth outlook over the forecast period of 2022-2028. Emulsion explosives’ water resistance and lower transportation complexities will continue to be key factors driving their global market sales.
The significant increase in construction, mining, and infrastructure investments around the world is driving demand for emulsion explosives. According to a new Future Market Insights research study, the sales volume of emulsion explosives is expected to reach nearly 13 million tonnes by the end of 2028. (FMI).
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Key Takeaways – Emulsion Explosives Market Research
- Because of the additional benefits they provide, bulk emulsion explosives are quickly replacing packaged explosives in underground mining applications.
- In addition to mining companies, these explosives are used in the construction industry for tunnelling and the demolition of old infrastructure. With more construction activities taking place around the world, the demand for mining emulsion explosives has skyrocketed.
- Blasting agents are preferred over mechanical drills because they cover a larger area in less time, are easy to transport from one location to another, and are inexpensive.
- The best sourcing practise for mining companies is to enter into long-term supply contracts with fully-integrated, full-line emulsion explosive suppliers who manufacture their own blasting and explosives.
- The rapidly expanding construction industry in developing economies such as China, India, and Brazil is fueling regional demand for emulsion explosives.
- Because there are so many emulsion explosive suppliers on the market, consumers have a lot of negotiating power. Furthermore, due to their large consolidated business volume, major mining manufacturers have strong negotiating power.
- Due to the regulatory framework for explosives, which caps the limit of buffer stocks, manufacturers are unable to maintain sufficient stocks.
The emulsion explosives market is currently growing at a moderate rate, as it is already mature in EU countries and experiencing healthy growth in the Asian region. Furthermore, in recent years, the construction and mining industries have prioritised worker safety when conducting blasting activities on their sites.
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How Is the Market Structure of Emulsion Explosives Defined?
The emulsion explosives market is moderately fragmented, with established international players dominating. Some of the key players in the emulsion explosives market, such as Orica Limited, control a sizable portion of the revenue pie. Mining companies should enter into long-term supply contracts with fully integrated, full-line emulsion explosive suppliers who manufacture their own blasting and explosives accessories.
Learn More About Report Included Items
Future Market Insights (FMI) presents an unbiased analysis of the global emulsion explosives market in its new report, providing comprehensive information with historical demand data from 2014 to 2021 and forecast statistics from 2022 to 2028. The research study provides in-depth information about the global emulsion explosives market by product type (bulk emulsion, cartridge emulsion, recycled oil emulsion), application (mining-surface mining, underground mining quarrying, others), and region (North America, Latin America, Europe, MEA, South Asia, East Asia and Oceania).
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