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Global Mining Explosives market will reach 15.65 billion USD by 2022

Author: QYResearch | Publish date: 2018-04-23 | Views: 94
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 74.72% market share globally in 2016.

Publisher: QYResearch

Published Date: 2018-04-23


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’ sales volume was 2,554,000 tons in 2016 with 22.83% share globally.

As for the consumption, countries which have large output of mines, such as China, USA, Australia and so on, are the key consumers. China consumed 2,807,000 tons explosives in 2016, contributing 27.62% consumption share.

Mining explosives industry is influenced by many factors, such as mining industry, government’s policies. With the gradual recovery of global economy and related downstream industries, it is estimated that global market size of mining explosives will increase from 13.64 billion USD in 2016 to 15.65 billion USD in 2022, with the CAGR of 2.32% during the period.

The Global Mining Explosives Market Research Report 2017 report released by QYResearch provides a basic overview of the Mining explosives industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Mining explosives industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Click to view the full report:http://www.qyresearchglobal.com/goods-1222049.html
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