Published by mark itwired
Posted on September 20, 2021
3 min readLast updated: February 4, 2026
The emulsion explosive market is driven by mining activities and safety concerns, with North America leading. COVID-19 has impacted demand.
Escalating large-scale surface mining activities and mineral extraction are propelling the growth of emulsion explosive market. Further, growing safety concerns of underground mining workers is fuelling the demand for emulsion explosives. FMI evaluated the global emulsion explosive market at approximately US$ 2.4 Bn in 2020.
“Improved safety and higher performance are amongst many attributes driving the consumption of emulsion explosives in the mining industry. Moreover, lower colloid viscosity gradient coefficient, higher bump resistance, and large power offered by emulsion explosives are highly favored by consumers worldwide,” states FMI analyst.
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The primary application of emulsion explosives remains mining. COVID-19 outbreak has affected the mining business which in turn has lowered the demand for emulsion explosives. Social distancing measures and other global restrictions imposed by the pandemic have put the production on hold. As the virus sweeps the globe, the players in emulsion explosive market are feeling nervous about the future. As mining companies are witnessing downward spiral in their share prices, the growth of emulsion explosive is going to decline for the first half of 2020. Players are expected to take cost-cutting initiatives in view of surging commodity prices.
The post Emulsion Explosive Market 2021 Industry Research, Segmentation, Key Players Analysis and Forecast to 2029 first appeared on Market Research Blog.
The article discusses the emulsion explosive market's growth, key players, and future forecast.
COVID-19 has reduced demand due to its impact on the mining industry and global restrictions.
North America is leading, with Latin America presenting growth opportunities.
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