Detonator Market Overview

A detonator is a button type device which triggers an explosive. It is used in mining applications and other industrial applications. It can work mechanically, chemically, and electrically. Detonators further ensure safety at mining and construction sites.

The technological advancements with the help of industrial players and the up-gradation of existing infrastructure with innovative systems are driving demand for metals for industrial applications. The application of coal for energy production energy is one of the major growth factors attributable to the growth of the Detonator Market.

The Detonator Market will witness a CAGR of 1.90 % and a USD 1.5 Billion by 2032 in the forecast period by 2030.

The rise of urbanization and globalization propelling industrial and manufacturing activities is one of the emerging factors driving the Detonator Market growth. The safety concerns of workers, surging activities like underground mining, surface excavation and development expansion of the oil and gas industry are highly contributing to the market’s growth. The higher expenditure on research and development activities, supportive government regulations, and growing construction activities in emerging countries like India and China are setting wide opportunities for the market. The focus on technologically advanced detonators and the growing participation of women in the industrial sites are highly driving the market.

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Key Players

Key Companies in the Detonator market include

• Orica Limited
• Dyno Nobel
• AEL Intelligent Blasting
• MAXAM
• Poly Permanente Union Holding Group Limited
• Sichuan Yahua Industrial Group CO., LTD
• Enaex
• BME South Africa
• Sasol
• Austin Detonator

Market Segmentation

The global detonator market is segmented based on type, application, and region.

Based on the type, the market is segmented as follows:

• Electric
• Non-Electric
• Electronic

Based on the Application, the market is segmented as follows:

• Coal mines
• Metal mines
• Others

Based on the Region, the market is segmented as follows:

• North America
• Europe
• Asia-Pacific
• Rest of the World

Industry News

In May 2022, Omnia Group company BME will showcase its new electronic initiation system, AXXIS Titanium, at next week’s Investing in African Mining Indaba in Cape Town, South Africa. It was globally launched in November 2021; AXXIS Titanium is among the world’s most advanced electronic blast detonation systems.

BME Marketing Manager, Michelle Fedder, said that the wide international audience at the Indaba will get inspired by the advanced features of this new electronic detonator system.

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