Mining explosives are produced with precise technology, high-quality raw materials, and a strong emphasis on safety and are further utilized for the extraction of ore from the earth’s crust. Ammonium nitrate is the main component in the explosive type used in the mining sector. The APAC and MEA mining explosives market is segmented by type, application, and region.
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.
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 Middle East & Africa and Asia Pacific mining explosives market growth in the coming years.
Based on application, the APAC and MEA mining explosives market is segmented into quarrying and non-metal mining, metal mining, and coal mining. In 2022, the coal mining segment held the largest share in APAC and MEA mining explosives market. The coal sector acts as a backbone for many emerging economies. Coal surface mines rely entirely on explosives to uncover mineral deposits. Blasting is considered an essential component for the successful extraction of coal resources from the deposits. A considerable quantity of explosives is deployed in coal mining, propelling the demand for mining explosives.
A few major primary and secondary sources referred to for preparing this report on the APAC and MEA mining explosives market are paid databases (Factiva), publications, hoovers, investor presentations, newsletters, sec archives, annual reports, and other information available in the public domain. Orica Limited, Al Fajar Al Alamia Co SAOG, Dyno Nobel, China Poly Group Corporation, NOF Corporation, Hanwha Group, Anhui Jiangnan Chemical Co Ltd, Koryo Nobel Explosives, Solar Group, and Omnia Group Company are some of the major players operating in the APAC and MEA mining explosives market.