At 4.0% CAGR, the Middle East & Africa Mining Explosives Market is Projected to be Worth US$ 1,010.65 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa mining explosives market was valued at US$ 769.06 in 2023 and is expected to reach US$ 1,010.65 million by 2030, registering a CAGR of 4.0% from 2023 to 2030. Growing demand for metals in manufacturing high-end products and increasing utilization of pentaerythritol tetranitrate (PETN) are among the critical factors attributed to the Middle East & Africa mining explosives market expansion.

Manufacturing high-end products require a steady supply of raw materials such as metals and minerals. The higher demand for metals necessitates increased mining activity to extract and produce the required raw materials, ultimately leading to extensive use of mining explosives to access ore deposits, remove overburden, and fragment rocks. In addition, with the growing demand for metals, mining companies increasingly focus on improving safety measures and operational efficiency. This includes advancing mining explosive technologies and formulations that can optimize blasting operations. Mining explosives with better fragmentation capabilities, reduced vibrations, and improved safety features can help increase productivity and minimize environmental impacts.

Automotive, aerospace, medical devices, electronics, defense & military, energy generation, building & construction, luxury goods, and several high-end product manufacturing industries utilize metals. In the automotive industry, luxury, sports, electronic, and other high-end vehicles are manufactured using lightweight yet strong metals such as aluminum, titanium, and high-strength steel. These metals enhance vehicle performance, fuel efficiency, and safety.

Further, the aerospace industry relies heavily on metals for manufacturing aircraft and spacecraft components. Materials such as aluminum, titanium, and nickel alloys are used to construct airframes, engines, landing gear, and other critical parts. These metals possess properties such as high strength-to-weight ratio and heat and corrosion resistance, making them ideal for aerospace applications. The growth of the high-end product manufacturing industries, such as the aerospace and automotive industry, drives the demand for metals and subsequently bolsters the Middle East & Africa mining explosives market.

On the contrary, stringent government regulations hamper the growth Middle East & Africa mining explosives market.

Based on type, the Middle East & Africa mining explosives market is segmented into trinitrotoluene (TNT), ANFO, RDX, pentaerythritol tetranitrate (PETN), and others. The ANFO segment held 84.7% share of the Middle East & Africa mining explosives market in 2023, amassing US$ 651.07 million. It is projected to garner US$ 861.82 million by 2030 to expand at 4.1% CAGR during 2023–2030.

In terms of application, the Middle East & Africa mining explosives market is categorized into quarrying and non-metal mining, metal mining, and coal mining. The metal mining segment held 58.1% share of the Middle East & Africa mining explosives market in 2023, amassing US$ 446.51 million. It is projected to garner US$ 597.59 million by 2030 to expand at 4.3% CAGR during 2023–2030.

Based on country, the Middle East & Africa mining explosives market is categorized into South Africa, Zimbabwe, Nigeria, Saudi Arabia, the UAE, and Rest of Middle East & Africa. The Rest of Middle East & Africa held 48.9% share of Middle East & Africa market in 2023, amassing US$ 376.36 million. It is projected to garner US$ 508.38 million by 2030 to expand at 4.4% CAGR during 2023–2030.

Key players operating in the Middle East & Africa mining explosives market are Orica Limited, Al Fajar Al Alamia Co, 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.

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