According to a new report published by Reports Monitor titled, “Industrial Explosives Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Industrial Explosives Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Industrial Explosives Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Industrial explosives are tremendous hazard blasting explosives basically used in the mining, construction, and quarrying industry. Industrial explosives are a kind of substances, when initiated quickly gets converted into gases at high pressure and temperature.
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The factors responsible for the growth of the market include increase in mineral extraction throughout the globe. Therefore, growing demand for blasting agents in open mining owing to rising demand for construction stones and building materials is another major element driving the growth of the market.
The factor hampering the growth of the market includes variable prices of raw materials, cost of high explosives limit their usage in different end-use applications, and limitations in storage and transportation because of their instable behavior.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global Industrial Explosives market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: AEL Mining Services, Orica Ltd. EXSA S.A., Enaex S.A., MAXAM Corp., Austin Powder Company, Hubei Kailong Chemical Group Co., Ltd, Solar Industries India Limited, Dyno Nobel, and Davey Bickford
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