The Latin America Industrial Explosives Market is estimated to be valued at US$ 1365.31 Mn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Industrial explosives are primarily used in mining, quarrying, construction, and other such activities. They help break or ... Read more
Industrial explosives are essential materials used for mining and construction activities to break, shift or blast rocks and gravels. The range of explosives includes ammonium nitrate explosives, nitroglycerin based explosives and dynamite among others. These explosives are known for their energy, efficiency and precision in breaking hard rock formations. The demand for metals and minerals has boosted exploration and mining operations across Latin America.
The economies of many Latin American countries have experienced strong growth in recent decades, fueled by expanding industries like mining, construction, and infrastructure development. This rapid industrialization has created huge demand for explosives to facilitate large projects.
The increased mining activity alone requires massive amounts of explosives for blasting operations. According to industry analysts, Latin American mining companies detonate ... Read more
