Africa Explosives Market Report and Forecast 2024-2032

Africa Explosives Market Outlook

The Africa explosives market size is projected to grow at a CAGR of 6.60% between 2024 and 2032.

Key Takeaways

• The rapid adoption of explosives in the construction sector for the development of roads and buildings aids the Africa explosives market growth.

• Research and development efforts are actively conducted to address increasing environmental concerns. These endeavours aim to create green explosives that release minimal amounts of toxic exhaust gases during mining and excavation operations.

• Explosives play a vital role in extracting coal from rock formations and improving mining activities.

Explosives find extensive application across various sectors including mining, construction, and defence, among others. One of the most common applications is in underground mining and surface hard rock quarrying activities. In the construction sector, they are commonly utilised to facilitate the creation of new roads, excavation of land for building foundations or basement areas, and demolition purposes.

 
As per the Africa explosives market analysis, the coal mining sector occupies a significant share of the market due to the increasing use of coal for energy generation. Improvements in blasting methods and implementation of new explosives that enhance blasting efficiency, resulting in increased coal production while reducing the number of explosives used, further contribute to the market development.

Geographically, South Africa leads the market, accounting for a significant Africa explosives market share due to the high demand from the construction and mining sectors. The construction sector relies on explosives for various purposes such as tunnelling, building foundations, and road development, which helps reduce labour and operational costs. In 2022, South Africa exported $67.7M worth of Prepared Explosives, becoming its third-largest exporter globally. Furthermore, Prepared Explosives ranked as the 193rd most exported product in South Africa in the same year. Additionally, partnerships between market players and mining equipment and technology companies are expected to contribute to the market growth.

Market Segmentation  

“Africa Explosives Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Emulsion

• Dry Blasting

• Non-Electric Capsule

• Seismic

• Others

Market Breakup by End Use

• Mining

• Construction

• Defence

Market Breakup by Country

• South Africa

• Egypt

• Nigeria

• Algeria

• Other

Competitive Landscape

The market players are focusing on sustainability to stay ahead of the competition, further increasing their partnership and acquisition efforts to strengthen their market presence

• Yara International ASA

• AECI Limited

• Orica Limited

• Omnia Holdings Limited

• ENAEX S.A.

• Sasol Limited

• Saudi Chemical Holding Company

• Nigachem Nigeria Limited

• Others

Key Highlights of the Report