Latin America Industrial Explosives Market Poised to Expand at 5.6% CAGR During 2018-2028
Verfasser: yogesh on Thursday, 24 January 2019Latin America industrial explosives market is estimated to reach US$ 852.9 Mn by 2016 end, driven by increasing mining activities in developing economies of Latin America, rise in mineral extraction activities, and increase in the use of explosives for construction purposes.
According to a new market report published by Persistence Market Research titled, “Latin America Market Study on Industrial Explosives: Metal Mining Sector to be the Largest Consumer during the Forecast Period 2016 - 2022”, the Latin America industrial explosives market is estimated to be valued at US$ 1,319.7 Mn by 2022.
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Industrial explosives are an important part of mining and mineral extraction operations around the world. Due to their high stability, industrial explosives are used in applications with higher torque by mining and tunnelling companies. Two types of industrial explosives, high explosives and blasting agents, are used in numerous applications across Latin America.