Blasting is defined as a method of using force and pressure to break materials such as stone, ore, coal and other such mining materials. Blasting service is a service rendered by a company or provider to carry out blasting in a specific area using different methods based on the customers’ requirement. Various factors are considered before drilling a hole for blasting which include dimensions of the tunnel, size of the hole, geometry of the tunnel, geological and rock mechanical conditions, vibration restrictions, expected leaks of water, explosive availability and detonation means, among others. Various kinds of blasting methods include hydro-blasting, wet abrasive blasting, vapour blasting, bead blasting, wheel blasting, micro-abrasive blasting, automated blasting, dry-ice blasting, bristle blasting, vacuum blasting and sandblasting. Different types of explosives used for blasting include slurries, dynamite, ANFO (ammonium nitrate and fuel oil), two-component explosives among others. Different kind of equipments used in blasting include blast room, blast cabinet and portable blast equipment among others.
Different types of blasting services market are internal blasting, and external blasting. Internal blasting is a type of blasting service in which blasting operation is performed underneath the earth surface. Internal blasting is mainly used in underground mining operations, tunnelling operations, and in seismic exploration. Based on application, blasting services market is segmented into construction, mining, tunneling, and seismic exploration. In mining, the foremost objective is to extract the major possible quantity at lowest cost. The blasting operations are carried out to provide quantity as well as quality requirements of production in such a way that total profits of mining operation are maximized.
Some of the major players from the blasting services market include Orica Limited, MaxamCorp Holding SL, AECI Mining Explosives, Dyno Nobel, Enaex, Sasol Limited, Solar Industries India Limited, EPC Groupe, NOF Corporation, and China Poly Group Corporation Ltd. among others. Most of the players from blasting services market are focusing on expansion of business as their business strategy. Some of the key players are also investing in research and development for product invention as well as development.
Global Blasting Services Market, By Type
Based on type, the blasting services market is segmented into the following:
• Internal Blasting
• External Blasting
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:
FIG. 1 Global Blasting Services Market Value Share, By Type, 2020 & 2028 (% Value)
Source: Apex Market Research Analysis
In 2020, internal blasting segment led the overall blasting services market and this segment is expected to witness significant development during the forecast period. Increasing underground mining operations, tunnelling operations, and seismic exploration activities globally are driving the demand for internal blasting segment. Advancement in technology and development of high-quality products which are used for internal blasting contribute towards making the process easy as well as secure. Therefore, internal blasting segment is also expected to show highest share in the market during the forecast period.
Global Blasting Services Market, By Application
Based on application, the blasting services market is segmented into following:
• Construction
• Mining
• Tunneling
• Seismic Exploration
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:
FIG. 2 Global Blasting Services Market Value Share, By Application, 2020 & 2028 (% Value)
Source: Apex Market Research Analysis
In 2020, mining segment led the overall blasting services market and is expected to dominate the market during forecast period too. Mining activities are increasing globally for extracting the valuable minerals as well as other geological materials from the earth. All these factors led to increase in demand for blasting services globally for mining operation. Therefore, the mining segment will also show highest growth rate in the forecast period.
Global Blasting Services Market, By Geography
Based on geography, the blasting services market is segmented into following:
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Mexico
o Brazil
o Rest of Latin America
• Middle East and Africa (MEA)
o GCC Countries
o South Africa
o Rest of MEA
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:
FIG. 3 Global Blasting Services Market Value Share, By Geography, 2020 & 2028 (% Value)
Source: Apex Market Research Analysis
In 2020, the overall blasting services market was dominated by the Asia Pacific region in terms of market value. The region is anticipated to witness considerable growth during forecast period too. This is due to the large mining industry present in the countries such as China, Australia, and India from Asia Pacific region. Most of the key players operating in blasting services are present in this region which is again, driving the demand for blasting services market in Asia Pacific region.