Explosives Market Projected to Reach 11.2 Million Metric Tons in 2012, According to New Report by Global Industry Analysts, Inc.

Worldwide explosives demand is impacted by economic development, energy and base minerals demand, environmental push for cleaner fuels, transition from underground to surface mining and lack of viable mainstream competitive technologies. Global explosives market is expected to be 11.22 million metric tons in 2012.

San Jose, CA (PRWEB) April 16, 2008 -- Global industrialization and high prices of alternative energy sources have driven demand for thermal coal, which in turn has bolstered the worldwide market for coal mining. Explosives such as ammonium nitrate and dynamite are scaling new heights in the mining industry. In addition to coal mining, other end-use sectors include metal mining, quarrying operations and industrial minerals. In the construction industry, growth in infrastructure and non-residential sector is projected to propel consumption of explosives, particularly specialized and high-margin products.

The US market for explosives is estimated at 3.4 million metric tons for 2008, as stated by Global Industry Analysts, Inc. The US, Europe and Asia collectively account for about 85 percent of the global explosives market. In terms of value, worldwide explosive market is estimated at US$8.6 billion for 2008. Growth in the mining industry in Africa is a major factor boosting consumption. Countries in the Pacific Rim and Latin America, where penetration levels are low despite rich metal and coal reserves, offer tremendous scope for growth. World ANFO market is estimated at 1.65 million metric tons for 2008.

Explosives: A Global Strategic Business Report

The global marketplace includes participants such as AECI Ltd, Alliant Techsystems Inc, Austin Powders, Dyno Nobel, ENAEX, LSB Industries, NOF Corp, Orica Ltd, Pacific Scientific Energetic Materials Co, Sasol, SA d'Explosifs et de Produits Chimique, Exchem Plc, Societe Nationale Des Poudres Et Explosifs and Unión Española de Explosives.

"Explosives: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, players, recent developments, mergers, acquisitions, alliances and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Canada, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and the Middle East/Africa. Analytics are provided in terms of product segments including Blasting Agents, (Unprocessed Ammonium Nitrate, ANFO, and Water Explosives), Propellants and Pyrotechnics for the period 1991-2015.

For more details about this research report, please visit
http://www.strategyr.com/Explosives_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site www.StrategyR.com

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