Europe Mining Explosives Market Forecast to 2030
Europe Mining Explosives Market Forecast to 2030 – Regional Analysis – by Type [Trinitrotoluene (TNT), ANFO, RDX, Pentaerythritol Tetranitrate (PETN), and Others] and Application (Quarrying and Non-Metal Mining, Metal Mining, and Coal Mining)
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Description
Increasing Application of ANFO (Ammonium Nitrate Fuel Oil) in Mining Industry Fuels the Europe Mining Explosives Market
ANFO (Ammonium Nitrate Fuel Oil) is a widely used explosive mixture in the mining industry. ANFO is more cost-effective than other explosive types. Its production is relatively inexpensive. Several countries in the developing region perform significant mining activities and large-scale mining operations. These operations often require substantial quantities of explosives for various applications such as rock fragmentation, overburden removal, and access to mineral deposits.
Further, the raw material required to produce ANFO, namely ammonium nitrate and fuel oil, are often readily available. This easy availability of raw materials supports the production and distribution of ANFO. Also, ANFO is relatively easy to use in mining operations. It can be loaded into boreholes quickly and efficiently. Further, ANFO is considered relatively safer to handle than other explosives. It has a lower sensitivity to initiation, making it more stable during transportation and handling. Owing to these benefits, ANFO is a convenient choice for large-scale mining companies. The discovery of new mineral deposits, growing infrastructure developments, and increasing demand for minerals and resources, has resulted in increasing mining activities across the globe. The expansion of the mining industry and mining activities generate demand for mining explosives, including ANFO, contributing to the Europe mining explosives market growth.
Europe Mining Explosives Market Overview
According to the European Commission, the major mining areas in the Europe are located Fennoscandian belt in northern Finland and Sweden, Bergslagen (Sweden), the Variscan Belt of Iberia and the Central European Kupferschiefer mineral belt. According to the World Mineral Production report by British Geological Survey published in 2023, the mine production of gold in the UK rose from 41.8 tons in 2019 to 43.3 tons in 2021. Whereas production of refined lead in the UK grew from 342.8 thousand metric tons in 2019 to 362.6 thousand metric tons in 2021. The report also revealed the growth in production of chromium due to increased chromium mining production in Finland and Russia. The production of fluorspar incremented from 160.0 thousand metric tons in 2019 to 236.5 thousand metric tons in 2021. According to the World Mining Data 2022 report by Federal Ministry Republic of Austria, Russia is amongst the top 5 major mineral producing countries. Mining of many minerals such as copper, tin, bauxite, iron, gold, and nickel, among others involve utilization of mining explosives. The lucrative mining industry in the Europe is expected to create potential business opportunities for mining explosives market during the forecast period.
Europe Mining Explosives Market Revenue and Forecast to 2030 (US$ Million)
Europe Mining Explosives Market Segmentation
The Europe mining explosives market is segmented based on type, application, and country.
Based on type, the Europe mining explosives market is bifurcated into trinitrotoluene (TNT), ANFO, RDX, pentaerythritol tetranitrate (PETN), others. The ANFO segment held the largest share in 2023.
By application, the Europe mining explosives market is categorized into quarrying and non-metal mining, metal mining, and coal mining. The metal mining segment held the largest share in 2023.
Based on country, the Europe Mining Explosives market is segmented into the Germany, France, the UK, Italy, Russia, and the Rest of Europe. Russia dominated the Europe mining explosives market in 2023.
Orica Limited, NOF Corp, Hanwha Group, Solar Industries India Ltd, Omnia Holding Ltd, and Sasol Ltd are some of the leading companies operating in the Europe mining explosives market.
Summary Info
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According to the research team’ research, the Europe mining explosives market was valued at US$ 1,239.17 in 2023 and is expected to reach US$ 1,529.35 million by 2030, registering a CAGR of 3.1% from 2023 to 2030. Rising exploration activities of rare earth metals and growing demand for metals in manufacturing high-end products are among the critical factors attributed to the Europe mining explosives market expansion.
Rare earth metals, also known as rare earth elements (REEs), are elements found in the earth’s crust. These elements are known for their unique properties and have various applications across different industries, including electronics, renewable energy, automotive, defense & aerospace, and medical equipment. The growing demand for rare earth metals from these sectors has surged the need to explore new deposits of rare earth metals.
Successful exploration results and identifying economically viable rare earth metal deposits can lead to expansion operations. Before commencing mining operations, extensive site preparation and infrastructure development are required. This includes clearing vegetation, leveling terrain, constructing access roads, and establishing mining facilities. Mining explosives are employed in these activities to clear land, shape terrain, and build access routes, facilitating the development of mining sites for rare earth metals.
Further, rare earth metals are often embedded within hard rock formations, making their extraction challenging. The exploration activities for rare earth metals involve extensive drilling and blasting to extract mineral samples and access the viability of deposits. Mining explosives are crucial in breaking down rocks and facilitating access to mineral-rich areas. As companies move from exploration to production, the demand for mining explosives escalates to support larger-scale mining activities. Thus, the growing exploration activities of rare earth metals would offer lucrative opportunities for the Europe mining explosives market during the forecast period.
On the contrary, stringent government regulations hamper the growth Europe mining explosives market.
Based on type, the Europe mining explosives market is bifurcated into trinitrotoluene (TNT), ANFO, RDX, pentaerythritol tetranitrate (PETN), and others. The ANFO segment held 73.2% share of the Europe mining explosives market in 2023, amassing US$ 907.36 million. It is projected to garner US$ 1,134.45 million by 2030 to expand at 3.2% CAGR during 2023–2030.
In terms of application, the Europe mining explosives market is bifurcated into quarrying and non-metal mining, metal mining, and coal mining. The metal mining segment held 45.4% share of the Europe mining explosives market in 2023, amassing US$ 562.03 million. It is projected to garner US$ 714.39 million by 2030 to expand at 3.5% CAGR during 2023–2030.
Based on country, the Europe mining explosives market is categorized into Germany, France, the UK, Italy, Russia, and the Rest of Europe. Russia held 69.2% share of Europe market in 2023, amassing US$ 856.98 million. It is projected to garner US$ 1,071.72 million by 2030 to expand at 3.2% CAGR during 2023–2030.
Key players operating in the Europe mining explosives market are Orica Limited, NOF Corp, Hanwha Group, Solar Industries India Ltd, Omnia Holding Ltd, and Sasol Ltd, among others.
In May 2023, Orica Ltd launched 4D bulk explosives system, an advanced bulk system for underground, surface coal and surface metal mining applications. The product offers a wide energy range to match varying rock properties and mine design requirements.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe mining explosives market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Europe mining explosives market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Mining Explosives Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 End Use:
5. Europe Mining Explosives Market – – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Metals in Manufacturing High-End Products
5.1.2 Increasing Application of ANFO (Ammonium Nitrate Fuel Oil) in Mining Industry
5.2 Market Restraints
5.2.1 Stringent Government Regulations
5.3 Market Opportunities
5.3.1 Rising Exploration Activities of Rare Earth Metals
5.4 Future Trends
5.4.1 Increasing Utilization of Pentaerythritol Tetranitrate (PETN)
5.5 Impact Analysis
6. Mining Explosives Market – Europe Market Analysis
6.1 Europe Mining Explosives Market Revenue (US$ Million)
6.2 Europe Mining Explosives Market Forecast and Analysis
7. Europe Mining Explosives Market Analysis – Type
7.1 Trinitrotoluene (TNT)
7.1.1 Overview
7.1.2 Trinitrotoluene (TNT) Market, Revenue and Forecast to 2030 (US$ Million)
7.2 ANFO
7.2.1 Overview
7.2.2 ANFO Market Revenue and Forecast to 2030 (US$ Million)
7.3 RDX
7.3.1 Overview
7.3.2 RDX Market Revenue and Forecast to 2030 (US$ Million)
7.4 Pentaerythritol Tetranitrate (PETN)
7.4.1 Overview
7.4.2 Pentaerythritol Tetranitrate (PETN) Market Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others Market Revenue and Forecast to 2030 (US$ Million)
8. Europe Mining Explosives Market Analysis – Application
8.1 Quarrying and Non-Metal Mining
8.1.1 Overview
8.1.2 Quarrying and Non-Metal Mining Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Metal Mining
8.2.1 Overview
8.2.2 Metal Mining Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Coal Mining
8.3.1 Overview
8.3.2 Coal Mining Market Revenue and Forecast to 2030 (US$ Million)
9. Europe Mining Explosives Market – Country Analysis
9.1 Europe: Overview
9.1.1 Europe Mining Explosives Market, by Key Country – Revenue (2022) (US$ Million)
9.1.2 Europe Mining Explosives Market Revenue and Forecasts and Analysis – By Countries
9.1.2.1 Germany Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.1.1 Germany Mining Explosives Market Breakdown by Type
9.1.2.1.2 Germany Mining Explosives Market Breakdown by Application
9.1.2.2 France Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.2.1 France Mining Explosives Market Breakdown by Type
9.1.2.2.2 France Mining Explosives Market Breakdown by Application
9.1.2.3 UK Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.3.1 UK Mining Explosives Market Breakdown by Type
9.1.2.3.2 UK Mining Explosives Market Breakdown by Application
9.1.2.4 Italy Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.4.1 Italy Mining Explosives Market Breakdown by Type
9.1.2.4.2 Italy Mining Explosives Market Breakdown by Application
9.1.2.5 Russia Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.5.1 Russia Mining Explosives Market Breakdown by Type
9.1.2.5.2 Russia Mining Explosives Market Breakdown by Application
9.1.2.6 Rest of Europe Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.6.1 Rest of Europe Mining Explosives Market Breakdown by Type
9.1.2.6.2 Rest of Europe Mining Explosives Market Breakdown by Application
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
11. Industry Landscape
11.1 Product launch
11.2 Expansion
11.3 Joint Venture
12. Company Profiles
12.1 Orica Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 NOF Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Hanwha Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sasol Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Solar Industries India Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Omnia Holding Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
LIST OF TABLES
Table 1. Europe Mining Explosives Market Segmentation
Table 2. Europe Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Germany Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 4. Germany Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 5. France Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 6. France Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 7. UK Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 8. UK Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 9. Italy Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 10. Italy Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 11. Russia Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 12. Russia Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 13. Rest of Europe Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 14. Rest of Europe Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 15. Company Positioning & Concentration
LIST OF FIGURES
Figure 1. Europe Mining Explosives Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: Europe Mining Explosives Market
Figure 4. Europe Mining Explosives Market Impact Analysis of Drivers and Restraints
Figure 5. Europe Mining Explosives Market Revenue (US$ Million), 2020 – 2030
Figure 6. Europe Mining Explosives Market Share (%) – Type, 2022 and 2030
Figure 7. Trinitrotoluene (TNT) Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. ANFO Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. RDX Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Pentaerythritol Tetranitrate (PETN) Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Europe Mining Explosives Market Share (%) – Application, 2022 and 2030
Figure 13. Quarrying and Non-Metal Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Metal Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Coal Mining Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Europe Mining Explosives Market, by Key Country – Revenue (2022) (US$ Million)
Figure 17. Mining explosives market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 18. Germany Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. France Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. UK Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Italy Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Russia Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Rest of Europe Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
The List of Companies – Europe Mining Explosives Market
o Hanwha Corp
o NOF Corp
o Omnia Holding Ltd
o Orica Ltd
o Sasol Ltd
o Solar Industries India Ltd
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