Global Detonator Market, By Type (Non- Electric, Electronic and Electric), Product (Industrial Electric Detonators, Shock Tube Detonators and Others), Application (Coal Mines, Metal Mines, Non- metal Mines, Railway/ Road, Hydraulic and Hydropower and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Detonator Market
Growing focus on the technological advancements by the major manufacturers, rising up gradation of existing infrastructure with advanced systems, rising demand for metals for a wide range of industrial applications and growing application coal to produce energy are the major factors attributable to the growth of detonator market. Data Bridge Market Research analyses that the detonator market will exhibit a CAGR of 3.50% for the forecast period of 2021-2028.
Also known as blasting cap, detonator is a device that acts as a button or a trigger to an explosive. Majorly used in mining and tunnelling applications and other industrial purposes, detonators can work chemically, mechanically and electrically. However, mechanically and electrically operated detonators are the commonly used ones across the globe. Detonators further ensure human and workforce safety at mining, industrial and construction sites.
Rising globalization and growth in the number of industrial and manufacturing activities will emerge as the major detonator market growth driving factor. Growing concerns related to the safety of workers, surging activities such as underground mining, tunnels and surface excavation and growth and expansion of oil and gas exploration industry especially in the developing economies will further aggravate the detonator market value. Growing expenditure to undertake research and development proficiencies, supportive government policies, surging urbanisation and buildings and construction activities especially in the emerging economies like India and China, growing focus on manufacturing technologically advanced detonators and surging participation of women in the workforce will further carve the way for the growth of the detonator market.
However, dearth of knowledge and technological expertise in the underdeveloped and backward economies will act as a growth restraint for the detonator market. Continuous fluctuations in the prices of raw materials and stringent regulations imposed by the government on deforestation will further dampen the growth rate of the detonator market. Large scale technological limitations in the underdeveloped economies and growing popularity of clean energy resources will further challenge the detonator market growth rate.
This detonator market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on detonator market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Detonator Market Scope and Market Size
The detonator market is segmented on the basis of type, product and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the detonator market is segmented into non- electric, electronic and electric.
- On the basis of product, the detonator market is segmented into Industrial electric detonators, shock tube detonators and others.
- On the basis of application, the detonator market is segmented into coal mines, metal mines, non- metal mines, railway/ road, hydraulic and hydropower and others.
Detonator Market Country Level Analysis
The detonator market is analysed and market size, volume information is provided by country, type, product and application as referenced above.
The countries covered in the detonator market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region is projected to score the highest CAGR for the forecast period. This is because of the increasing expenditure for research and development proficiencies in this region and growth in the number of buildings and construction activities. Asia-Pacific will further, continue to undergo substantial gains owing to the abundant availability of raw materials and cheap labour and growth and expansion of various end user verticals such as metallurgy industry especially in the developing economies like India and China.
The country section of the detonator market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Detonator Market Share Analysis
The detonator market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to detonator market.
The major players covered in the detonator market report are SOLAR GROUP, AMA Group, GOCL Corporation Limited, VK Explosives Private Limited, Brainpower Technologies Pvt Ltd., AP Explosives Private Limited, Regenesis, Coal India Limited, NIGACHEM NIGERIA LTD., China Poly Group Corporation, Orica Limited., Dyno Nobel, MAXAMCORP HOLDING, SL, Shanxi Huhua Group Co., Ltd., Poly Permanent Union Holding Group Limited, Sichuan Yahua Industrial Group Co.,LTD, IDEAL Industrial Explosives Ltd., Gezhouba Yipuli Chongqing Lineng Civil Explosive Co. Ltd., Sasol Limited and Austin Detonator among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-
