Most of the explosives produced around the globe find application in the mining industry and are typically used to break large stones into smaller blocks during excavation. Our research shows that mining explosives market accounts for approximately 80% of the global explosives market. On the basis of detonation intensities, mining explosives can be categorized into low-intensity blasting, controlled intensity blasting, and high-intensity blasting.
The Procurement Pain Point
To assess the supplier landscape for mining explosives, the client – a global metals and mining company – approached SpendEdge to engage in a research study focused on the assessment of key suppliers in the market space. The scope of this engagement was to offer the client supply market insights and pricing insights. The supplier landscape assessment would also help the client gain insights on the category essentials, encompassing key components like SLA terms, supplier evaluation criteria, category risk analysis, and category sourcing evolution matrix.
The primary objective of this supplier landscape assessment was to offer the client insights on the recent demand-supply shifts, key market developments, key category growth drivers, procurement best practices, and strategic sustainability practices.
To meet the specific category requirements of the client, SpendEdge’s team of procurement market intelligence experts followed a blended approach of combining in-depth secondary research with primary interviews and track the latest developments and procurement trends in the market. Moreover, our procurement market intelligence experts also reached out to industry experts and key stakeholders to understand the market’s short and long-term growth prospects and changing trends for mining explosives.
Procurement Insights Offered and the Outcome
To address the requirements specific to the needs of the client, we deployed a team of analysts who specialize in assessing the supplier market landscape for various industries. Our industry experts followed a blended research methodology consisting of in-depth qualitative and quantitative research followed by data analysis and insights development. Our procurement specialists worked directly under a project manager with significant experience in conducting specific procurement studies for the mining industry.
In a mere span of just five weeks, the client was able to gain a clear understanding of the recent demand-supply shifts, key market developments, key category growth drivers, procurement best practices, and strategic sustainability practices specific to the mining explosives industry.
The engagement also helped the client understand the supplier market landscape by assessing the key competitors’ functional capabilities in terms of mining explosives, basting services, mining chemicals, basting consultants, and delivery services.
Our Research Methodology
This case study offers comprehensive information on how our supplier landscape assessment helped a global client understand the market space for mining explosives.
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