| Product Code: ETC236184 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India industrial explosives market import shipment exhibited a notable decline with a CAGR of -14.9% from 2020 to 2024. The growth rate between 2023 and 2024 further plummeted by -46.4%, indicating a significant contraction in the market. The trend suggests a substantial slowdown and a challenging outlook for the industry.
The industrial explosives market in India serves as a critical component of the country`s infrastructure and mining sectors. Explosives are essential for activities such as mining, construction, and infrastructure development. As India continues its path of urbanization and industrial growth, the demand for industrial explosives remains substantial. These explosives are crucial for various projects, including the construction of roads, bridges, and tunnels, and are vital to the nation`s economic development and modernization.
The industrial explosives market in India is primarily driven by the country`s growing infrastructure and mining sectors. Rapid urbanization, construction projects, and the need for raw materials like coal and minerals stimulate the demand for explosives in excavation and blasting operations. Additionally, a surge in defense and military applications further fuels the market.
The India industrial explosives market faces challenges related to safety, security, and regulatory compliance. Industrial explosives are used in various industries, including mining and construction, where safety and security are paramount. Ensuring proper handling, storage, and transportation of explosives is essential but can be logistically complex and costly. Regulatory compliance and permits for the use of explosives involve strict oversight, which can create administrative challenges for businesses. Safety incidents or security breaches can have severe consequences, making risk management a critical concern for the industry.
The industrial explosives market faced challenges as disruptions in construction and mining activities affected demand. Safety concerns and supply chain issues further impacted the market.
In the India Industrial Explosives Market, significant players such as Solar Industries India Limited, Orica Limited, Premier Explosives Limited, and Gulf Oil Corporation Limited are instrumental in manufacturing and supplying explosives for mining, construction, and defense applications. Their products play a vital role in supporting various industries across India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Industrial Explosives Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Industrial Explosives Market Revenues & Volume, 2021 & 2031F |
3.3 India Industrial Explosives Market - Industry Life Cycle |
3.4 India Industrial Explosives Market - Porter's Five Forces |
3.5 India Industrial Explosives Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Industrial Explosives Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 India Industrial Explosives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for industrial explosives in sectors such as mining, construction, and infrastructure development. |
4.2.2 Growth in the mining industry in India, leading to higher demand for explosives for extraction purposes. |
4.2.3 Government initiatives and investments in infrastructure projects driving the demand for industrial explosives. |
4.3 Market Restraints |
4.3.1 Stringent regulations and policies governing the use and transportation of industrial explosives. |
4.3.2 Environmental concerns and the need for sustainable practices impacting the usage of explosives in certain sectors. |
5 India Industrial Explosives Market Trends |
6 India Industrial Explosives Market, By Types |
6.1 India Industrial Explosives Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Industrial Explosives Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Industrial Explosives Market Revenues & Volume, By High Explosives, 2021-2031F |
6.1.4 India Industrial Explosives Market Revenues & Volume, By Blasting Agents, 2021-2031F |
6.2 India Industrial Explosives Market, By End-use Industry |
6.2.1 Overview and Analysis |
6.2.2 India Industrial Explosives Market Revenues & Volume, By Metal Mining, 2021-2031F |
6.2.3 India Industrial Explosives Market Revenues & Volume, By Non-Metal Mining, 2021-2031F |
6.2.4 India Industrial Explosives Market Revenues & Volume, By Quarrying, 2021-2031F |
6.2.5 India Industrial Explosives Market Revenues & Volume, By Construction, 2021-2031F |
6.2.6 India Industrial Explosives Market Revenues & Volume, By Others, 2021-2031F |
7 India Industrial Explosives Market Import-Export Trade Statistics |
7.1 India Industrial Explosives Market Export to Major Countries |
7.2 India Industrial Explosives Market Imports from Major Countries |
8 India Industrial Explosives Market Key Performance Indicators |
8.1 Number of new infrastructure projects announced or initiated in India. |
8.2 Growth in the mining sector's contribution to India's GDP. |
8.3 Adoption rate of advanced technologies in industrial explosives for safety and efficiency improvements. |
9 India Industrial Explosives Market - Opportunity Assessment |
9.1 India Industrial Explosives Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Industrial Explosives Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 India Industrial Explosives Market - Competitive Landscape |
10.1 India Industrial Explosives Market Revenue Share, By Companies, 2024 |
10.2 India Industrial Explosives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |