Rising Exploration Activities of Rare Earth Metals Fuels the South & Central America Mining Explosives Market
Rare earth metals, also known as rare earth elements (REEs), are elements found in the earth's crust. These elements are known for their unique properties and have various applications across different industries, including electronics, renewable energy, automotive, defense & aerospace, and medical equipment. The growing demand for rare earth metals from these sectors has surged the need to explore new deposits of rare earth metals.
Successful exploration results and identifying economically viable rare earth metal deposits can lead to expansion operations. Before commencing mining operations, extensive site preparation and infrastructure development are required. This includes clearing vegetation, leveling terrain, constructing access roads, and establishing mining facilities. Mining explosives are employed in these activities to clear land, shape terrain, and build access routes, facilitating the development of mining sites for rare earth metals.
Further, rare earth metals are often embedded within hard rock formations, making their extraction challenging. The exploration activities for rare earth metals involve extensive drilling and blasting to extract mineral samples and access the viability of deposits. Mining explosives are crucial in breaking down rocks and facilitating access to mineral-rich areas. As companies move from exploration to production, the demand for mining explosives escalates to support larger-scale mining activities. Thus, the growing exploration activities of rare earth metals would offer lucrative opportunities for the South & Central America mining explosives market during the forecast period.
South & Central America Mining Explosives Market Overview
According to the World Mining Data 2022 report by Federal Ministry Republic of Austria, Brazil is amongst the top 5 largest lithium producing countries. South & Central America is well-established mineral producer and has exploration potential in mining sector. According to a report published by International Energy Agency in 2023, Latin America recorded 40% of global copper production, that included Chile (27%), and Peru (10%). Latin America’s share of global copper exploration expenditure increased from 35% to 45% in the duration of 2012-2022, thus indicating potential for mining production growth. As of 2023, Latin America supplies 35% of the global lithium, that includes Chile (26%) and Argentina (6%). Moreover, Colombia launched the Copper Route, a strategic roadmap with an aim to expand the country’s copper industry. South & Central America marks presence of major geological departments such as SERNAGEOMIN (Chile), and Division of Special Projects and Strategic Minerals (Brazil). The government organizations and departments build mining project strategies focusing on lithium and rare earth elements, graphite, copper, and cobalt. The development potential of mining industry in South & Central America is expected to boost the demand for mining explosives during the forecast period.
South & Central America Mining Explosives Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Mining Explosives Market Segmentation
The South & Central America mining explosives market is segmented based on type and application, and country.
Based on type, the South & Central America mining explosives market is categorized into trinitrotoluene (TNT), ANFO, RDX, pentaerythritol tetranitrate (PETN), others. The ANFO segment held the largest share in 2023.
By application, the South & Central America mining explosives market is segmented into quarrying and non-metal mining, metal mining, and coal mining. The metal mining segment held the largest share in 2023.
Based on country, the South & Central America mining explosives market is segmented into Brazil, Argentina, and Rest of South & Central America. Brazil dominated the South & Central America mining explosives market in 2023.
Orica Limited, Dyno Nobel, NOF Corporation, Hanwha Group, Solar Group, Omnia Group Company, and Sasol Ltd are some of the leading companies operating in the South & Central America mining explosives market.
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- 1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. South & Central America Mining Explosives Market Landscape
- 4.1 Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers:
- 4.3.2 Manufacturers:
- 4.3.3 End Use:
- 5. South & Central America Mining Explosives Market – – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Growing Demand for Metals in Manufacturing High-End Products
- 5.1.2 Increasing Application of ANFO (Ammonium Nitrate Fuel Oil) in Mining Industry
- 5.2 Market Restraints
- 5.2.1 Stringent Government Regulations
- 5.3 Market Opportunities
- 5.3.1 Rising Exploration Activities of Rare Earth Metals
- 5.4 Future Trends
- 5.4.1 Increasing Utilization of Pentaerythritol Tetranitrate (PETN)
- 5.5 Impact Analysis
- 6. Mining Explosives Market - South & Central America Market Analysis
- 6.1 South & Central America Mining Explosives Market Revenue (US$ Million)
- 6.2 South & Central America Mining Explosives Market Forecast and Analysis
- 7. South & Central America Mining Explosives Market Analysis - Type
- 7.1 Trinitrotoluene (TNT)
- 7.1.1 Overview
- 7.1.2 Trinitrotoluene (TNT) Market, Revenue and Forecast to 2030 (US$ Million)
- 7.2 ANFO
- 7.2.1 Overview
- 7.2.2 ANFO Market Revenue and Forecast to 2030 (US$ Million)
- 7.3 RDX
- 7.3.1 Overview
- 7.3.2 RDX Market Revenue and Forecast to 2030 (US$ Million)
- 7.4 Pentaerythritol Tetranitrate (PETN)
- 7.4.1 Overview
- 7.4.2 Pentaerythritol Tetranitrate (PETN) Market Revenue and Forecast to 2030 (US$ Million)
- 7.5 Others
- 7.5.1 Overview
- 7.5.2 Others Market Revenue and Forecast to 2030 (US$ Million)
- 8. South & Central America Mining Explosives Market Analysis - Application
- 8.1 Quarrying and Non-Metal Mining
- 8.1.1 Overview
- 8.1.2 Quarrying and Non-Metal Mining Market Revenue, and Forecast to 2030 (US$ Million)
- 8.2 Metal Mining
- 8.2.1 Overview
- 8.2.2 Metal Mining Market Revenue, and Forecast to 2030 (US$ Million)
- 8.3 Coal Mining
- 8.3.1 Overview
- 8.3.2 Coal Mining Market Revenue and Forecast to 2030 (US$ Million)
- 9. South & Central America Mining Explosives Market - Country Analysis
- 9.1 South & Central America : Overview
- 9.1.1 South & Central America Mining Explosives Market, by Key Country - Revenue (2022) (US$ Million)
- 9.1.2 South & Central America Mining Explosives Market Revenue and Forecasts and Analysis - By Countries
- 9.1.2.1 Mining Explosives Market Breakdown by Country
- 9.1.2.2 Brazil Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.2.2.1 Brazil Mining Explosives Market Breakdown by Type
- 9.1.2.2.2 Brazil Mining Explosives Market Breakdown by Application
- 9.1.2.3 Argentina Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.2.3.1 Argentina Mining Explosives Market Breakdown by Type
- 9.1.2.3.2 Argentina Mining Explosives Market Breakdown by Application
- 9.1.2.4 Rest of South & Central America Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
- 9.1.2.4.1 Rest of South & Central America Mining Explosives Market Breakdown by Type
- 9.1.2.4.2 Rest of South & Central America Mining Explosives Market Breakdown by Application
- 10. Competitive Landscape
- 10.1 Heat Map Analysis by Key Players
- 11. Industry Landscape
- 11.1 Product launch
- 11.2 Expansion
- 11.3 Joint Venture
- 12. Company Profiles
- 12.1 Orica Ltd
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Dyno Nobel Ltd
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 NOF Corp
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Hanwha Corp
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Sasol Ltd
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Solar Industries India Ltd
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Omnia Holding Ltd
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 13. Appendix
- LIST OF TABLES
- Table 1. South & Central America Mining Explosives Market Segmentation
- Table 2. South & Central America Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
- Table 3. Brazil Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
- Table 4. Brazil Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
- Table 5. Argentina Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
- Table 6. Argentina Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
- Table 7. Rest of South & Central America Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Type
- Table 8. Rest of South & Central America Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million) – By Application
- Table 9. Company Positioning & Concentration
- LIST OF FIGURES
- Figure 1. South & Central America Mining Explosives Market Segmentation, By Country
- Figure 2. Porter's Five Forces Analysis
- Figure 3. Ecosystem: South & Central America Mining Explosives Market
- Figure 4. South & Central America Mining Explosives Market Impact Analysis of Drivers and Restraints
- Figure 5. South & Central America Mining Explosives Market Revenue (US$ Million), 2020 – 2030
- Figure 6. South & Central America Mining Explosives Market Share (%) – Type, 2022 and 2030
- Figure 7. Trinitrotoluene (TNT) Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 8. ANFO Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 9. RDX Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 10. Pentaerythritol Tetranitrate (PETN) Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 11. Others Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 12. South & Central America Mining Explosives Market Share (%) – Application, 2022 and 2030
- Figure 13. Quarrying and Non-Metal Mining Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 14. Metal Mining Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 15. Coal Mining Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 16. Mining Explosives Market, by Key Country - Revenue (2022) (US$ Million)
- Figure 17. Mining Explosives Market Breakdown by Key Countries, 2022 and 2030 (%)
- Figure 18. Brazil Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 19. Argentina Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
- Figure 20. Rest of South & Central America Mining Explosives Market Revenue and Forecasts to 2030 (US$ Million)
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