Latin America industrial explosives market is estimated to reach US$ 852.9 Mn by 2016 end, driven by increasing mining activities in developing economies of Latin America, rise in mineral extraction activities, and increase in the use of explosives for construction purposes.
According to a new market report published by Persistence Market Research titled, “Latin America Market Study on Industrial Explosives: Metal Mining Sector to be ... Read more
A) Market Overview:
The Latin America Industrial Explosives Market is estimated to be valued at US$1,172.7 million in 2021 and is expected to exhibit a CAGR of 7.9% over the forecast period 2022-2030, according to a report by Coherent Market Insights. Industrial explosives are critical for various industries such as mining, construction, and quarrying, as they provide controlled blasting solutions that facilitate the extraction of minerals, building foundations, and infrastructure ... Read more
The Latin America Industrial Explosives Market is estimated to be valued at US$ 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 industrial explosives market in Latin America consists of several applications such as mining, construction, and other industrial uses. Industrial explosives are widely used in mining and quarrying activities for extraction of various minerals and metals. The mining industry in Latin America region has been growing significantly over the years attributed to abundance of mineral resources. Countries such as Chile, Peru, Brazil, and Mexico are major producers of precious and base metals in ... Read more
