Regional Analysis

Asia Pacific held a dominant position in the global Industrial Explosives market in 2022 accounting for 43.2% share in terms of value, followed by North America, Europe, Latin America And middle East and Africa

Figure 1: Global Industrial Explosives Market Share (%), By Region, 2022

In the global industrial explosives market, the Asia Pacific region emerged as the leader in terms of revenue share in 2022. This can be attributed to various factors including the availability of earth minerals, cost-effective labor, and a growing preference for the use of explosives in mining industry. China, India, Australia, and Indonesia are particularly driving the demand for industrial explosives in this region. The countries in Asia-Pacific prioritize mining activities to extract valuable mineral resources, which contribute significantly to their General Data Protection (GDP) growth.

Geographies covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East, South Africa, North Africa, and Central Africa