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LATIN AMERICA INDUSTRIAL EXPLOSIVES MARKET ANALYSIS
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LATIN AMERICA INDUSTRIAL EXPLOSIVES MARKET ANALYSIS

Latin America Industrial Explosives Market, By Explosive Type (High Explosives, Blasting Agents), By End-user Industry (Mining, Construction, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Dec 2024
  • Code : CMI3808
  • Pages :130
  • Formats :
      Excel and PDF
  • Industry : Advanced Materials
  • The Latin America industrial explosives market shows promising growth opportunities over the next decade. The mining industry in major countries like Brazil, Chile, Peru and Colombia is expected to be the key driver given ongoing mining projects and infrastructure development initiatives in the region. The resurgence of mineral commodity prices from 2020 onwards has boosted demand for explosives from mining companies. However, stringent government regulations around the storage and transport of explosives pose a challenge to market participants. Environmental concerns related to underground blasting could also act as a restraint. Finding appropriately skilled labor for handling explosive materials is another hurdle manufacturers face.
  • That said, opportunities lie in expanding the use of explosives for construction activities beyond mining. As economies in Latin America continue to develop, investment in road, rail and other civil infrastructure projects will require large quantities of explosives. Demand from quarrying and non-metallic mineral extraction is also likely to grow steadily.
  • Chile and Peru are projected to lead demand growth over the next decade given their prominence as copper producers and ongoing expansion of mining capacity. Brazil is anticipated to see elevated consumption levels supported by increased investment in mineral and metal production. Colombia follows as conflict-affected areas see redevelopment spending that utilizes explosive

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Press Release

Latin America industrial explosives Market to Reach US$ 2,291.3 Mn by 2031
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