Africa Explosives Market Research Report Information By Application (Mining, Construction, Others), By Material (Bulk Explosives, Ammonium nitrate/fuel oil, Cartridge emulsion explosives, Cartridge water gel explosives, Others) and By Region – Industry Forecast to 2030
The Africa Explosives Market Size was estimated to be USD 659.9 million in 2023 and USD 674.7 million in 2024. The Africa Explosives Market is anticipated to experience a compound annual growth rate (CAGR) of 2.93% from 2023 to 2030, resulting in a market value of USD 791 million. There are numerous factors that contribute to the increasing demand for explosives in the African market, including increased demand from various industries.
upcoming mining projects, favorable government policies, increasing foreign direct investment, and technological advancements in the main mining countries, including South Africa, Zimbabwe, Mozambique, Angola, and the Democratic Republic of the Congo. The demand for pyrotechnics in the regional market is anticipated to be further stimulated by the optimistic outlook of the mining industry in these economies. The Africa explosives market is presently being driven by the following factors: the high demand for coal worldwide, particularly in the Asia-Pacific region; the vast mineral reserves of diamond, gold, and platinum in South Africa; and the surging demand for metals and minerals in the Asia-Pacific region.
Market Segment InsightsThe Africa Explosives Market has been divided into the following categories: Mining, Construction, Others, and Others.
The Africa Explosives market has been segmented into bulk explosives, ammonium nitrate/fuel oil, cartridge emulsion explosives, cartridge watergel explosives, and others, based on type.
Regional PerspectivesSouth Africa, Mozambique, Angola, Tanzania, Sierra Leone, Liberia, Ivory Coast, Zimbabwe, Zambia, Namibia, DRC, Malawi, Senegal, Burkina Faso, Mali, Guinea, Lesotho, Ghana, and the rest of Africa are the regions into which the Africa market is segmented. South Africa was the most dominant segment, accounting for 84.2% of the market. The segment is anticipated to achieve a value of USD 5,68.8 million by the conclusion of the forecast period. The DR region experienced the quickest segment, with a robust CAGR of 3.18%.
Key PlayersMajor Players AECL, Orica Limited, BME South Africa, Sasol, TITANOBEL, NXCO Mining Technologies, Sichuan Yahua Industrial Group Co., Ltd.In the African explosives market, the most prominent participants are Yara, Solar Mining Services (PTY) LTD, and Maxam.