LATIN AMERICA INDUSTRIAL EXPLOSIVES MARKET ANALYSIS

Market Challenges And Opportunities

Restraint:

• Rising raw material prices are expected to restrain growth of the Latin America industrial explosives market during the forecast period.
• Stringent government regulations regarding the use of explosives are expected to hinder the Latin America industrial explosives market growth over the forecast period.

Market Driver:                                                       

Growing demand for lime in the production of pigment and as filler

Increasing demand for metals, non-metals, and stones in Latin America has increased mining activities thereby boosting the overall demand for industrial explosives. Growing inclination of foreign investors in the Latin America mining industry has led to a boost in the demand for explosives such as blasting agents and high explosives in the region. According to Coherent Market Insights’ analysis, Investments in the mining sector in Latin America had risen by over 50% from 2010 to 2014. According to the same source, Total investment in the mining sector in Mexico reached US$ 14.6 Mn collectively in both 2012 and 2013. Hence, these factors are expected to drive growth of the Latin America industrial explosives market in the near future.

Increasing demand for metals, non-metals, and stones in Latin America has increased mining activities thereby boosting the overall demand for industrial explosives. Growing inclination of foreign investors in the Latin America mining industry has led to a boost in the demand for explosives such as blasting agents and high explosives in the region. According to Coherent Market Insights’ analysis, Investments in the mining sector in Latin America had risen by over 50% from 2010 to 2014. According to the same source, Total investment in the mining sector in Mexico reached US$ 14.6 Mn collectively in both 2012 and 2013. Hence, these factors are expected to drive growth of the Latin American industrial explosives market in the near future.

Market Opportunity:

• Rise on construction activities in Latin America can present major growth opportunities.
• Higher demand for blasting agents can provide lucrative business opportunities