South & Central America Mining Explosives Market Forecast to 2030
South & Central America 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
Rising Exploration Activities of Rare Earth Metals Fuels the South & Central America Mining Explosives Market
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 South & Central America mining explosives market during the forecast period.
South & Central America Mining Explosives Market Overview
According to the World Mining Data 2022 report by Federal Ministry Republic of Austria, Brazil is amongst the top 5 largest lithium producing countries. South & Central America is well-established mineral producer and has exploration potential in mining sector. According to a report published by International Energy Agency in 2023, Latin America recorded 40% of global copper production, that included Chile (27%), and Peru (10%). Latin America’s share of global copper exploration expenditure increased from 35% to 45% in the duration of 2012-2022, thus indicating potential for mining production growth. As of 2023, Latin America supplies 35% of the global lithium, that includes Chile (26%) and Argentina (6%). Moreover, Colombia launched the Copper Route, a strategic roadmap with an aim to expand the country’s copper industry. South & Central America marks presence of major geological departments such as SERNAGEOMIN (Chile), and Division of Special Projects and Strategic Minerals (Brazil). The government organizations and departments build mining project strategies focusing on lithium and rare earth elements, graphite, copper, and cobalt. The development potential of mining industry in South & Central America is expected to boost the demand for mining explosives during the forecast period.
South & Central America Mining Explosives Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Mining Explosives Market Segmentation
The South & Central America mining explosives market is segmented based on type and application, and country.
Based on type, the South & Central America mining explosives market is categorized into trinitrotoluene (TNT), ANFO, RDX, pentaerythritol tetranitrate (PETN), others. The ANFO segment held the largest share in 2023.
By application, the South & Central America mining explosives market is segmented 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 South & Central America mining explosives market is segmented into Brazil, Argentina, and Rest of South & Central America. Brazil dominated the South & Central America mining explosives market in 2023.
Orica Limited, Dyno Nobel, NOF Corporation, Hanwha Group, Solar Group, Omnia Group Company, and Sasol Ltd are some of the leading companies operating in the South & Central America mining explosives market.
Summary Info
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According to the research team’ research, the South & Central America mining explosives market was valued at US$ 544.75 in 2023 and is expected to reach US$ 654.70 million by 2030, registering a CAGR of 2.7% from 2023 to 2030. Increasing utilization of pentaerythritol tetranitrate (PETN) and growing demand for metals in manufacturing high-end products are among the critical factors attributed to the South & Central America Mining Explosives market expansion.
Pentaerythritol Tetranitrate (PETN) is a high-performance explosive widely used in various industries, including mining. Efficient fragmentation of rock formation is essential in mining to maximize ore or mineral recovery and minimize waste. PETN is known for its high explosive power and sensitivity, making it effective for blasting and fragmenting hard rock formation. It generates a rapid release of energy upon detonation, resulting in efficient fragmentation and excavation of mineral deposits during mining operations. PETN can be manufactured in various forms, including granules, prills, and castings, allowing flexibility and customization to meet specific mining requirements. Different formulation grain sizes can be tailored to match the geological conditions, rock properties, and desired blasting outcomes in different mining operations.
Further, PETN has favorable safety characteristics compared to some other high explosives. It has a relatively low sensitivity to shock and friction, reducing the risk of accidental detonations during handling, transportation, and storage. The inherent stability of PETN makes it a preferred choice for mining operations where safety is paramount. In addition, PETN is considered to have a lower environmental impact than other explosives. It has a relatively low level of toxic emissions and a reduced carbon footprint during production and use. The mining industry is increasingly focused on sustainable practices and minimizing environmental impact. Due to all these factors, demand for PETN is expected to increase, which would boost the South & Central America mining explosives market growth in the coming years.
On the contrary, stringent government regulations hamper the growth South & Central America mining explosives market.
Based on type, the South & Central America mining explosives market is categorized into trinitrotoluene (TNT), ANFO, RDX, pentaerythritol tetranitrate (PETN), and others. The ANFO segment held 81.9% share of the South & Central America mining explosives market in 2023, amassing US$ 446.13 million. It is projected to garner US$ 540.10 million by 2030 to expand at 2.8% CAGR during 2023–2030.
In terms of application, the South & Central America mining explosives market is segmented into quarrying and non-metal mining, metal mining, and coal mining. The metal mining segment held 65.1% share of the South & Central America mining explosives market in 2023, amassing US$ 354.66 million. It is projected to garner US$ 432.92 million by 2030 to expand at 2.9% CAGR during 2023–2030.
Based on country, the South & Central America mining explosives market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil held 56.3% share of South & Central America market in 2023, amassing US$ 306.88 million. It is projected to garner US$ 374.46 million by 2030 to expand at 2.9% CAGR during 2023–2030.
Key players operating in the South & Central America mining explosives market are Orica Limited, Dyno Nobel, NOF Corporation, Hanwha Group, Solar Group, Omnia Group Company, 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 South & Central America 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 South & Central America 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 South & Central America 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. South & Central America 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. South & Central America 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 – South & Central America Market Analysis
6.1 South & Central America Mining Explosives Market Revenue (US$ Million)
6.2 South & Central America Mining Explosives Market Forecast and Analysis
7. South & Central America 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. South & Central America 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. South & Central America Mining Explosives Market – Country Analysis
9.1 South & Central America : Overview
9.1.1 South & Central America Mining Explosives Market, by Key Country – Revenue (2022) (US$ Million)
9.1.2 South & Central America Mining Explosives Market Revenue and Forecasts and Analysis – By Countries
9.1.2.1 Mining Explosives Market Breakdown by Country
9.1.2.2 Brazil Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.2.1 Brazil Mining Explosives Market Breakdown by Type
9.1.2.2.2 Brazil Mining Explosives Market Breakdown by Application
9.1.2.3 Argentina Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.3.1 Argentina Mining Explosives Market Breakdown by Type
9.1.2.3.2 Argentina Mining Explosives Market Breakdown by Application
9.1.2.4 Rest of South & Central America Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.4.1 Rest of South & Central America Mining Explosives Market Breakdown by Type
9.1.2.4.2 Rest of South & Central America 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 Dyno Nobel Ltd
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 NOF 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 Hanwha Corp
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 Sasol 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 Solar Industries India 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
12.7 Omnia Holding Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
LIST OF TABLES
Table 1. South & Central America Mining Explosives Market Segmentation
Table 2. South & Central America Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Brazil Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 4. Brazil Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 5. Argentina Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 6. Argentina Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 7. Rest of South & Central America Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 8. Rest of South & Central America Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 9. Company Positioning & Concentration
LIST OF FIGURES
Figure 1. South & Central America Mining Explosives Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: South & Central America Mining Explosives Market
Figure 4. South & Central America Mining Explosives Market Impact Analysis of Drivers and Restraints
Figure 5. South & Central America Mining Explosives Market Revenue (US$ Million), 2020 – 2030
Figure 6. South & Central America 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. South & Central America 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. Mining Explosives Market, by Key Country – Revenue (2022) (US$ Million)
Figure 17. Mining Explosives Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 18. Brazil Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Argentina Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Rest of South & Central America Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
The List of Companies – South & Central America Mining Explosives Market
o Dyno Nobel
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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