The data analysts at Market Research Future Reports (MRFR) have revealed that the global detonator market is likely to record a CAGR of 1.98% during the review period. The increasing demand for residential space is one of the most substantial factors driving the global detonator market 2020. Besides, mining activities also play an important role in expanding the market. In addition, the development in technology is enabling the manufacturers with efficient equipment for the manufacturing of explosives. Combining these factors enlarging the market.
The established market competitors of the global detonator market are-
Dyno Nobel (US), Orica Limited (Australia), AEL Intelligent Blasting (South Africa), and MAXAM (Australia), Sichuan Yahua Industrial Group CO., LTD (China), Poly Permanente Union Holding Group Limited (China), Enaex (Chile), Sasol (South Africa), BME South Africa (South Africa), and Austin Detonator (Czech Republic).
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Detonators play a crucial role in the chemicals industry, serving construction industry sectors, oil and gas, and mining. The demand for detonators and market growth is directly dependent on the end-use industries. The construction industry has been affected considerably due to the delay caused owing to the outbreak of COVID-19. In addition, the demand for coal has also seen a decline due to COVID-19. There was a downfall of 8% in the first quarter of the year 2020 as compared to the first quarter of 2019. In addition, the stringent rules implemented by the government of several nations is estimated to hinder the market further.
Regional Analysis
The global detonator market can be segmented on the basis of application, type, and region.
On the basis of application, the global detonator market can be segmented into metal mines, coal mines, non-metal mines, and others. The coal mines are likely to record robust growth during the forecast period.
On the basis of type, the global detonator market can be segmented into electronic, non-electric, and electric. The non-electric segment is estimated to dominate the segment due to its benefits.
On the basis of region, the global detonator market can be segmented into Europe, North America, Asia-Pacific (APAC), and the Rest of the World (RoW).
Regional Analysis
Exhaustive analysis of Europe, North America, Asia-Pacific (APAC), and the Rest of the World (RoW) has been performed. The research states that the global market is likely to expand significantly during the forecast period. As per the study by MRFR, the global detonator market is estimated to be dominated by the Asia-Pacific. The region consists of the established players such as Poly Permanente Union Holding Group Limited, Orica Limited, Sichuan Yahua Industrial Group CO., LTD, and MAXAM. These players provide advanced and cheaper detonators in the region. Besides, the region has been witnessing high demand coal, metals, and minerals owing to the rapid urbanization
On the other hand, North America is estimated to be the second-largest market share. The continuous development in infrastructure and the rising mining activities is likely to provide the scope of expansion to the region. In addition, the manufacturers are expanding in the North American region due to the presence of major markets for expanding mining, construction, and blasting activities in this region. These regions are estimated to enhance the demand for detonators in the region.
However, market dynamics are likely to change significantly during the review period. The daily operations have been halted due to the outbreak. Several regions have been affected substantially due to the spread of COVID-19. We will provide the aftermath COVID-19 report on the impact analysis of the market.
Key Questions Addressed by the Report
- What was the historic market size (2018)?
- Which segmentation (Type/ Application is driving market?
- What will be the growth rate by 2025?
- How are the key players in this market?
- What are the strategies adopted by key players?
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Table of Content
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of Th
2.3 List of Assumptions
2.4 Market Structure
2.5 Market Attractiveness Analysis
2.6 Global Detonator Market, by Type
2.7 Global Detonator Market, by Application
2.8 Macro Factor Indicator Analyses
2.9 Key Buying Criteria
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Growing Demand for Metals
5.2.2 Demand of Coal in Energy Applications
5.2.3 Drivers Impact Analysis
5.3 Restraint
5.3.1 Growth of Clean Energy Resources
5.3.2 Restraints Impact Analysis
5.4 Opportunities
5.4.1 Technologically Advanced Detonators
Continued……….
List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Detonator Market: Macro Factor Indicator Analyses
Table 4 Global Detonator Market, by Application, 2017–2025 (Usd Million)
Table 5 Global Detonator Market, by Type, 2016-2023 (Usd Million)
Table 6 Global Detonator Market, by Region, 2017–2025 (Usd Million)
Table 7 North America: Detonator Market, by Country, 2017–2025 (Usd Million)
Table 8 North America: Detonator Market, by Application, 2017–2025 (Usd Million)
Continued………..
List of Figures
Figure 1 Global Detonator Market: Market Structure
Figure 2 Market Attractiveness Analysis: Global Detonator Market, 2018, by Region
Figure 3 Global Detonator Market, by Type, 2017–2025 (Usd Million)
Figure 4 Global Detonator Market, by Application, 2017–2025 (Usd Million)
Figure 5 Global Detonator Market: Key Buying Criteria
Figure 6 North America: Detonator Market Size & Market Share by Country, by Value (2018 Vs 2025)
Figure 7 Europe: Detonator Market Size & Market Share by Country, by Value (2018 Vs 2025)
Figure 8 Asia-pacific: Detonator Market Size & Market Share by Country, by Value (2018 Vs 2025)
Figure 9 Row: Detonator Market Size & Market Share by Country, by Value (2018 Vs 2025)
Continued……
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