Future Market Insights (FMI) has reported that bulk emulsion explosives have emerged as a replacement for packaged counterparts in underground mining applications.
Increases in construction, mining, and infrastructure investments across the globe have pushed demand for emulsion explosives. Sales volume of emulsion explosives is projected to reach nearly 13 million t by the end of 2029, as indicated by am FMI research study.
Witnessing moderate expansion of more than 4% in consumption volume, emulsion explosive market is slated for a steady growth outlook over the forecast period of 2019 - 2029. Water resistant capabilities of emulsion explosives and lesser complexities associated with their transportation would remain key factors fueling their sales in global market.
Highlights – emulsion explosives market study
- Bulk emulsion explosives are rapidly replacing packaged explosives in underground mining applications because of the additional benefits that they offer.
- Apart from mining companies, these explosives are also being used in the construction industry for tunnelling purposes and the demolition of old infrastructure. With more construction activities taking place around the globe, the demand for mining emulsion explosives has also increased.
- Blasting agents are chosen over mechanical drills as they cover a wider-area, consume less time, are easy to transport from one place to other, and are available at low costs.
- The best sourcing practice for mining companies is to engage in long-term supply contracts with fully-integrated, full-line emulsion explosive suppliers that produce their own blasting and explosives accessories.
- The rapidly growing construction industry in developing economies such as China, India, and Brazil is further fuelling the demand for emulsion explosives in the regions.
- Consumer bargaining power is high as there are many emulsion explosive suppliers in the market. Also, major mining manufacturers have strong negotiation power because of their large consolidated business volume.
- Manufacturers cannot maintain sufficient stocks, owing to the regulatory framework for explosives that caps the limit of buffer stocks.
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Read the article online at: https://www.globalminingreview.com/mining/24012020/bulk-emulsion-explosives-could-replace-packaged-explosives-in-mines/