Key findings: Mining explosives
A comprehensive analysis of the impact of various cost drivers and other socio-economic factors on the category pricing dynamics has been offered in this mining explosives market research report. It also highlights the critical supplier selection insights that will guide the investors in partnering with the right mining explosives suppliers.
The frequency of non-metal mining activities such as stone quarrying is steadily increasing in the developing economies, thereby; accelerating the category spend momentum in those regions. Consumer-appliances such as electric vehicles, solar energy units, and cell phones that use lithium-ion batteries are becoming popular in almost every households. Consequently, this is triggering the mining activities to extract lithium, which, in other hand, is driving the category adoption rate across various geographies. However, the shift in consumption trends and tighter regulations are predicted to impede category growth among some of the significant economies across the globe.
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A concise but functional analysis of the global market has been offered in this mining explosives market research report. The summary includes forecasts of demand and supply in various regions, category pricing dynamics, and recommendations from experts to aid strategic partnership with the best mining explosives suppliers. Our reports offer a comprehensive overview of the cost drivers, category risks, and supplier selection criteria to help procurement teams determine the best possible strategies for procuring mining explosives at cost-effective rates.
Our portfolio of reports for the chemicals category help buyers understand:
- Global and regional spend potential for mining explosives for the period of 2018-2023
- Risk management and sustainability strategies
- Incumbent supplier selection metrics
- Pricing dynamics and factors influencing the procurement process
Analyze the global category spend for mining explosives
An increase in the construction activities on a global scale is creating requirements for base metals and steel. This is inadvertently leading to an exponential demand for mining explosives that are required at the mining sites to extract the metals. Increasing demand for coal as a source of energy in the developing economies is resulting in an increasing category adoption rate, which is facilitating an increasing spend growth rate in the coming years.
For more information on the exact spend growth rate and yearly category spend, download a free sample.
This mining explosives market research report offers coverage of:
- Regional spend dynamism and factors impacting costs
- Total cost of ownership and cost-saving opportunities
- Supply chain margins and pricing dynamics
Optimize category spend for mining explosives
Fluctuations in the raw material prices alter the category pricing dynamics of different regions at regular intervals. To tackle such uncertainties, buyers are advised to partner with mining explosives suppliers that have adopted backward integration for raw materials such as ammonium nitrate. The prices and supply of raw materials such as ammonium nitrate are highly volatile due to periodic surges in demand from the fertilizer and chemical industries.
This mining explosives sourcing and procurement report also offers coverage of:
- Key category management objectives
- Supplier cost breakup
- Category pricing dynamics
Assess category spend for the US region
Consumers in the US are preferring renewable and alternative energy sources than coal as an energy source. This has caused a slump in the mining activities, thereby; reducing category adoption rate in the US. On the other hand, lithium production is currently witnessing a surge because of the high demand from industries like energy, storage, and electric vehicles. Government’s initiatives to reduce the import of lithium is further encouraging mining activities to extract lithium, thereby; supplementing the category adoption rate in the US.
Additional information offered in this mining explosives market research report will help buyers analyze:
- Margins of suppliers in the US
- Top mining explosives suppliers in the US
- Price outlook and forecasts until 2023
Build strategies for effective supplier selection
Apart from supplying the materials, the mining explosives suppliers are expected to provide technical consultation services such as site evaluation, explosive selection assistance, and technological guidance at the mining sites.
This mining explosives sourcing and procurement report identifies the major costs incurred by suppliers and provides additional information on:
- Competitiveness index for suppliers
- Market favorability index for suppliers
- Supplier and buyer KPIs
Devise effective category management strategies for mining explosives
To maintain safety and to boost blast efficiency at mining sites, category managers are procuring services from mining explosives suppliers that are investing in innovations such as electronic blast initiation systems, electronic delay detonators, and software.
Key insights offered in this mining explosives market intelligence report will help the buyers identify:
- Risk mitigation strategies
- Cost-saving opportunities: Supply-side levers
- Supplier relationship management strategies
Determine the spend dynamics for key geographies
The abundance of natural reserves of metals and prevalence of favorable regulations are favoring metal mining activities in South America, thereby; driving the category spend growth in the region. Increasing demand for commodities, such as uranium and coal, to cater to the demand for energy on a global scale, is propelling the frequency of mining activities in countries in APAC.
Key geographies analyzed in this mining explosives sourcing and procurement report include the following:
- North America
- South America
Information on the top mining explosives suppliers, highlights of supplier selection criteria, and global and regional pricing dynamics are offered in this mining explosives market research report. Download a free sample to access the report’s complete scope of coverage.
Key Features of Report
Procurement Best Practices
Cost Saving Opportunities
Supplier Capability Matrix
Mining Explosives - Category Spend Analysis
According to this market intelligence report, one of the key growth contributors for the global mining explosives supply market is the significant increase in the demand for coal across APAC and parts of Africa and South America. Along with the rise in mining activities the growth in demand for sophisticated blasting techniques to preserve quality of ore and the rapid growth of the quarrying and construction industry is also fueling the adoption of mining explosives among regions such as India, China, and Brazil.
Mining Explosives – Procurement Best Practices
This mining explosives procurement research report recommends that buyers invite bids from all potential suppliers that have the ability to meet overall requirements. A key strategy adopted by procurement managers is to promote competitive bidding scenarios based on pre-defined parameters such as financial strength, reputation, service offerings, geographical presence, and track record.
Mining Explosives - Procurement Challenges
Based on the analysis in this procurement market intelligence, a major procurement pain point experienced by the buyers is the health and safety practices. To mitigate the challenge, employees should be trained on proper safety practices and should identify blast areas and make appropriate evacuation plans. Moreover, to ensure better safety, workers should not be allowed near blast sites until toxic gases are dissipitated.