Latin America Industrial Explosives Market Revenues to Exceed US $1,319.7 Mn by 2022

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New York, NY — 11/09/2017 — 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.

Among countries in Latin America, the market in Chile is expected to account for 29.8% volume share of the overall Latin America industrial explosives market, followed by Peru and Brazil, by 2022. Due to increased mining activities in Brazil, the industrial explosives market in the country is projected to expand at a higher than average CAGR of 8.6% between 2016 and 2022 in terms of revenue.

The market in Columbia, which is anticipated to account for 16.5% revenue share of the overall Latin America market by 2022 end, is expected to be driven by the rise of the mining sector in the country. The industrial explosives market in Argentina is estimated to witness an average increase in revenue due to lower GDP growth in the country.

View Full Report TOC, Figures and Tables @ https://www.persistencemarketresearch.com/market-research/latin-america-industrial-explosives-market/toc

The high explosives market in Latin America is expected to expand at a lower than average CAGR of 4.5% in terms of volume between 2016 and 2022 when compared to blasting agents, which is expected to expand at a CAGR of 5.6% during the same period. Application of blasting agents is expected to be the highest in Chile due to their cost effectiveness as well as increasing demand for high stability in the transportation of explosives. Use of blasting agents in Brazil is expected to witness the highest growth of 6.8%, in terms of value, during the forecast period.

Report Overview @ https://www.persistencemarketresearch.com/market-research/latin-america-industrial-explosives-market.asp

By end use, mining segment is expected to expand at a higher than average CAGR as compared to other end-use segments such as construction and others, both in terms of value and volume. The increase in GDP output is one of the major factors driving the market. The industrial explosives market in Brazil, with the exponential increase in GDP, is expected to witness high revenue growth during the forecast period. Meanwhile, the market in developed economies is expected to decline in the near future due to lower GDP growth, thereby implying lower consumption compared to other economies.

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About Persistence Market Research
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

PMR stands committed to bringing more accuracy and speed to clients' business decisions. From ready-to-purchase market research reports to customized research solutions, PMR's engagement models are highly flexible without compromising on its deep-seated research values.

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Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
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