Report ID: 10094810 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
Global Blasting Stemming Plugs Market Highlights Over 2022 - 2031
The global blasting stemming plugs market catered an approximate revenue figure of USD 502 million in the year 2021 and is estimated to grow at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to increasing construction contracts around the world along with increasing industrial base. Additionally, factors such as investment in mineral investigation, growing demand for metals in various end-use industries including automotive, electronics, and building construction, along with the rising investment in mining industry are projected to add in the market growth. According to IEA, by the end of the year 2020, the world coal consumption accounted to 157164 terajoule (TJ).
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Stemming plugs are the new technological development made to increase the efficiency of blasting without changing the feature of explosives. A stemming plug is a cone-shaped device that consists of high-impact polystyrene and high-density polyethylene. It is an effective factor of open-pit blasting. They are utilized to increase the confinement of explosive vapors in the stemming zone of the blast hole. This results in more explosive energy that is transmitted to the rock mass, which leads to better fragmentation.
The global blasting stemming plugs market is segmented on the basis of material type and end-users. Based on material type, the market is further segmented into crushed stone chips, coarse sand, fast hardening concretes, and others. Among these, the crushed stone chips segment is predicted to hold the largest market share in value by growing at a significant CAGR during the forecast period. The segment growth can be attributed to the rising demand for highly competent stemming materials, the growing mining industry, growing construction contacts along with growing demand for metals worldwide.
Global Blasting Stemming Plugs Market Regional Synopsis
Regionally, the global blasting stemming plugs market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. The market in North America witnessed considerable growth in the year 2021. The growth of the market can be associated with efforts made by government agencies, and private companies to make customer-centric products along with the advancement in technology and machinery. Alternatively, market in the Asia Pacific region is expected to grow at a moderate CAGR over the forecast period on the back of ever-growing population in the region. Furthermore, infrastructure development and abundant availability of mineral resources are a few factors estimated to drive the growth of the market in the region. Moreover, the market in Middle East & Africa is expected to be the fastest-growing market by growing at a higher CAGR over the forecast period as a result of growing mining activities in the region, abundant availability of oil, along with increasing construction contracts. According to Statistics South Africa, in the year 2019, the production of coal in South Africa accounted for 306 million metric tons.
Market Segmentation
Our in-depth analysis of the global blasting stemming plugs market includes the following segments:
By Material Type
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Crushed Stone Chips
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Coarse Sand
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Fast Hardening Concretes
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Others
By End Users
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Mining
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Coal
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Metal
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Construction
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Oil
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Gas
Growth Drivers and Challenges Impacting the Growth of the Global Blasting Stemming Plugs Market
Growth Drivers
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Increasing construction contracts
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Rising investment in mining projects
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Growing demand for metals
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Increasing industrial base
Challenges
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Regulations for saving the environment
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Poor health coverage for workers
Key Companies Dominating the Global Blasting Stemming Plugs Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global blasting stemming plugs market that are included in our report are Advanced Blasting Technology Inc., Peri Nitrates Pvt. Ltd., Stemlock, Inc., AMA Group, Orica Limited, MOCAP, PARAPLUG, TIME Limited, BME (OMINA Group Company), Maine Drilling and Blasting, and others.
Latest Developments in the Global Blasting Stemming Plugs Market:
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17 November 2021: BME, a part of OMINA Group Company launched “AXXIS Titanium”, its most advanced electronic blast detonation system that aims at improving safety levels and manufacturing quality.
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13 September 2021: Orica launched its latest bulk explosive technology called “4D”, which is a combination of emulsion blended with ammonium nitrate porous prills. The aim is to enable larger range of explosives energy across the geology of a mine in order to generate target specific blast outcomes.
Key Reasons to Buy Our Report
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The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
Frequently Asked Question
The market is segmented by material type, end users, and by region.
The crushed stone chips segment is anticipated to hold largest market size in value and is estimated grow at a significant CAGR over the forecast period and display significant growth opportunities.
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Report ID: 10094810 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
