Explosives Market Procurement Research – Market Trends and Spend Analysis by SpendEdge

LONDON–(BUSINESS WIRE)–#chemicals–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Explosives
Market Procurement Research Report.’ The insights and data in
this report provide a strategic analysis of the supply markets, factors
influencing purchasing decisions, procurement best practices, pricing
models, supplier landscape, and an analysis of the supplier capability
matrix for the chemicals
industry. This report breaks down the data and analysis behind
the procurement of explosives and acts as an all-inclusive guide for
making smart purchasing decisions.

“Mining is the largest end-use segment of the global explosives
market since explosives are used widely in blasting, tunneling, and
fragmentation of rocks,” says SpendEdge procurement analyst Anil Seth.
“Suppliers are also focusing on manufacturing tailored explosives that
can cater to specific requirements of buyers while delivering the
desired outcome with minimal risk of failure,” added Anil.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global
Explosives Market:

• Increasing adoption of mobile manufacturing units.
• Rise in the use of industrial explosives.
• The growth of explosives market in APAC.

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Increasing adoption of mobile manufacturing units:

Mobile manufacturing units enable on-site mixing of ingredients to
manufacture explosives. Such manufacturing units can be set up at the
sites of buyers and are increasingly being used by both buyers and
suppliers to ensure immediate fulfillment of the sudden or unforeseen
requirement. It also helps to ensure quick turnaround time for the
delivery of explosives at buyers' site. Moreover, the manufacturing of
explosives in mobile manufacturing units requires licenses.

The rise in the use of industrial explosives:

There is a high demand for industrial explosives from the construction,
mining and quarrying industries. This is mainly because these sectors
rely on such explosives for functionalities that require blasting, such
as demolitions. The construction sector also depends on the use of
industrial explosives for various applications, such as tunneling, as
these explosives are cost-effective compared with other explosives.
Moreover, they provide cost-saving opportunities for buyers leading to
their increased demand.

The growth of explosives market in APAC:

The growth of the mining and construction industries in APAC have led to
the high demand for explosives. Also, the rise in investments in these
sectors by governments has led to their growth in the region. The Indian
government offers a wide range of concessions to foreign investors that
invest in the mining industry, including low customs duties on capital
equipment used for mining of minerals. Moreover, the easy availability
of explosives within the region has reduced the complexity of
procurement for regional buyers.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement market intelligence partner
for Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.

Contacts

SpendEdge
Shilpa Balakrishnan
US: +1 (844) 746-0600
[email protected]