Dublin, Jan. 22, 2026 (GLOBE NEWSWIRE) — The “Industrial Explosives Market Report 2026” has been added to ResearchAndMarkets.com’s offering.
The industrial explosives market has shown robust expansion, growing from $14.81 billion in 2025 to $15.72 billion in 2026 at a CAGR of 6.1%. This upsurge is propelled by burgeoning global mining and quarrying operations, greater adoption of emulsion and slurry explosives for enhanced safety, innovations in detonators, and a boom in infrastructure and large-scale construction activities. Moreover, modernization in blasting techniques drives market dynamics.
Looking forward, the market is poised for continued growth, projected to reach $19.68 billion by 2030, reflecting a CAGR of 5.8%. Key growth drivers include escalating demand for high-performance explosives in deep mining, automation in digital blasting, and mineral exploration in emerging markets. Companies are increasingly focusing on environmentally sound explosives, precision blasting technologies, and integrated blasting services.
A notable surge in mining activities fuels industrial explosives demand. Efficient rock fragmentation using these explosives aids in faster mineral access. For instance, the US Geological Survey reported a rise in US metal mine production value from $33 billion in 2023 to $33.5 billion in 2024, underscoring this trend.
Industry leaders are innovating with digital blasting systems to boost precision and efficiency. Orica Limited, for example, introduced the 4D Bulk Explosives System in March 2023 for underground mining, offering real-time control over explosive energy for adapting to geological variations, improving blast performance, and minimizing environmental impact. Rheinmetall AG’s acquisition of Expal Systems S.A.U. in August 2023 for $1.3 billion highlights strategic expansions in ammunition production and industrial explosives capabilities.
Among the major companies are Nordex Explosives Ltd, Hanwha Corporation, and Orica Ltd. With North America as the leading region in 2025 and Asia-Pacific predicted as the fastest-growing through 2030, the industrial explosives market spans regions from Asia-Pacific to Western Europe, each navigating the impacts of shifting trade relations and tariffs.
Tariffs have increased input costs, disrupting supply chains especially in segments like mining across Asia-Pacific and Africa, while promoting domestic production. Industries are driven towards diversifying sourcing and localizing production to maintain competitive in the evolving landscape.
The latest market research encompasses data on global market size, regional shares, key players, and future forecasts of the industrial explosives sector. It highlights the versatility of industrial explosives applications, spanning from mining and construction to defense and oil and gas. Key types include high explosives and blasting agents, distributed through various channels to industries worldwide.
Countries like the USA, China, Germany, and Brazil epitomize the primary markets covered. Overall, the industrial explosives market encompasses a blend of innovation, regional strategies, and economic conditions.
Report Scope:
- Type: High Explosives, Blasting Agents
- Type Of Explosives: Commercial Explosives, Blasting Agents, Propellants
- Product Form: Bulk Explosives, Packaged Explosives, Emulsions, Water Gels
- Distribution Channel: Direct Sales, Distributors
- End-User Industry: Mining, Construction, Oil and Gas, Manufacturing
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2026 – 2030 |
| Estimated Market Value (USD) in 2026 | $15.72 Billion |
| Forecasted Market Value (USD) by 2030 | $19.68 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
Companies Featured
- Nordex Explosives Ltd
- Hanwha Corporation
- Orica Ltd
- Enaex S.A.
- AECI Ltd
- NOF Corporation
- Austin Powder Company
- Dyno Nobel Inc.
- Solar Industries India Ltd.
- Gulf Oil Corporation Limited
- Anhui Jiangnan Chemical Industry Co. Ltd.
- Premier Explosives Limited (PEL)
- Titanobel Group
- Yantra India Ltd.
- Ideal Industrial Explosives Ltd.
- Economic Explosives Ltd.
- SBL Energy Ltd.
- Deccan Explotech Pvt. Ltd.
- GOCL Corporation Ltd.
- Tamil Nadu Industrial Explosives Ltd. (TEL).
For more information about this report visit https://www.researchandmarkets.com/r/vgc6f4
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- Industrial Explosives Market
