Metric analysis

Estimated at 28.1 million metric tons by 2026, explosives are expected to experience stable growth globally

SAN FRANCISCO, September 28, 2021 / PRNewswire / – A new market study released by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Explosives – Trajectory and Analysis of the World Market”. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.


Editing: 18; Posted: April 2021
Executive pool: 528
Companies: 75 – Actors covered include AEL Mining Services; Austin Powder Company; Chemring PLC Group; Dyno Nobel; Enaex; EPC Group; EPC-UK; Hanwha Corp.,; Incitec Pivot Ltd .; MAXAMCorp Holding, SL; NOF Corp .; Orica Ltd. ; TITANOBEL SAS and others.
Blanket: All major geographies and key segments
Segments: Segment (Blasting Agents, other segments)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.

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Global explosives market to reach 28.1 million metric tons by 2026
Amid the COVID-19 crisis, the global explosives market, estimated at 22.4 million metric tons in 2020, is expected to reach a revised size of 28.1 million metric tons by 2026, with a CAGR of 3.8% over the analysis period. Blasting agents, one of the segments analyzed in the report, is expected to register a CAGR of 3.7% and reach 24.6 million metric tonnes by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Other Segments segment is readjusted to a revised CAGR of 4.2% for the next 7 year period.

The US market is estimated at 6.2 million metric tons in 2021, while China is expected to reach 5.8 million metric tons by 2026
The explosives market in the United States is estimated at 6.2 million metric tons in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of 5.8 million metric tonnes by 2026, with a CAGR of 6.8% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 1.2% and 2.9% respectively over the analysis period. In Europe, Germany is expected to grow at around 1.9% CAGR. Following

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About Global Industry Analysts, Inc. and StrategyR ™
Global Industry Analysts, Inc., ( is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving more than 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for more than 33 years.

Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966

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SOURCE Global Industry Analysts, Inc.