Industrial Explosives Market is estimated to be valued at USD 8.95 Bn in 2025 and is expected to reach USD 13.11 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.6% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 8.95 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
5.60%
2032 Value Projection:
USD 13.11 Bn
Industrial explosives are chemical mixtures that are made up of hydrogen, carbon, oxygen, and nitrogen. Industrial explosives are used for blasting in the quarrying, mining, and construction industries. When initiated, industrial explosives get converted into gases at high temperature and pressure. The process of initiation is known as detonation and leads to rock fragmentation. On the basis of type, industrial explosives are classified, based on their cap sensitivity, into high explosives and blasting agents.
Market Dynamics:
The global industrial explosives market size is set to grow at a CAGR of 5.6% during the forecast period of 2030 and is expected to reach US$ 11.72 Billion by 2030. The demand for these products has increased due to their use in petroleum geology, and water transport, among others, also the demand is also expected to grow, owing to factors such as increasing demand for high-potential explosive materials in developing countries and, growing investments in mining activities by governments.
Industrial explosives are substances that can be used for various purposes in industry, mining, and to a lesser degree agriculture. They can also be used as propellants or primers (key ingredients) in other types of explosives, such as dynamite or military ordnance. Industrial blasting is quite different from the detonation that might happen during an accident at a munitions factory-the goal being to carefully break up chunks of rock rather than create them. An industrial explosive may also be called an explosive or a safely definable substance. The term is often restricted to the combustible materials classed as esters, acetals, nitrates, and chlorates; though other high-energy compounds such as perchlorates are included by many authors.
Key features of the study:
This report provides an in-depth analysis of the global industrial explosives market and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global industrial explosives market based on the following parameters - regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global industrial explosives market are Orica Limited, Irish Industrial Explosives Limited, Dyno Nobel Pty Limited/ Incitec Pivot Ltd., NOF Corporation, AEL Mining Services Ltd. / AECI Group, EURENCO, Enaex S.A., Austin Powder Holdings Company, Maxamcorp Holding S.L., Exsa S.A.,
The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
The global industrial explosives market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global industrial explosives market.
Detailed Segmentation:
Global Industrial Explosives Market By Type:
High Explosives
Blasting Agents
Global Industrial Explosives Market By End-use industry:
Metal Mining
Non-Metal Mining
Quarrying
Construction
Others
Global Industrial Explosives Market By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles
Orica Limited
Irish Industrial Explosives Limited
Dyno Nobel Pty Limited/ Incitec Pivot Ltd.
NOF Corporation
AEL Mining Services Ltd. / AECI Group
EURENCO
Enaex S.A.
Austin Powder Holdings Company
Maxamcorp Holding S.L.
Exsa S.A.
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Preview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By End-use industry
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Opportunities
Impact Analysis
Key Highlights
Regulatory Scenario
Product launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
4. Global Industrial Explosives Market, By Type, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
High Explosives
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Blasting Agents
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
5. Global Industrial Explosives Market, By End-use industry, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Metal Mining
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion)
Non-Metal Mining
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Quarrying
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Construction
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
6. Global Industrial Explosives Market , By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021-2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End-use industry, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End-use industry, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
U.K.
Germany
Italy
France
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End-use industry, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End-use industry, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End-use industry, 2020-2032, (US$ Bn)
Market Size and Forecast, By Country, 2020-2032, (US$ Bn)