NEW YORK, July 26, 2016 /PRNewswire/ -- This Persistence Market Research report examines the Latin America industrial explosives market for the forecast period 2016-2022. The primary objective of the report is to identify opportunities in the market and present updates and insights pertaining to various segments of the Latin America industrial explosives market.
Industrial explosives are used in various end-use industries to reduce human labor and are primarily used in mining and construction activities. The mining industry is the largest end-use industry segment in the industrial explosives market. Growth in the industrial explosives market is largely co-related to GDP growth of respective countries.
To understand and assess opportunities in this market, the report is categorically divided into three main market analysis sections, i.e., by product type, by end-use industry, and by country. The report analyses the Latin America industrial explosives market in terms of market value (US$ Mn) and volume (metric tons).
The report begins with an overview of the Latin America industrial explosives market, appraising the market performance in terms of revenue and volume, followed by PMR's analysis of key trends, drivers, and restraints witnessed in the Latin America industrial explosives market. Impact analysis of key growth drivers and restraints based on the weighted average model are also included in the report to equip the client with crystal-clear, decision-making insights.
The subsequent section analyses the industrial explosives market as per product type, and presents a forecast for the period 2016?2022.
Product type assessed in the report are:
The report further analyses the market based on country and presents the forecast in terms of value for the next six years.
Countries assessed in the report are:
Rest of Latin America
The report further analyses the market based on end-use industry and presents the forecast in terms of value and volume for the next six years.
To calculate the market size, the report considers various aspects based on secondary research. Furthermore, data points such as country-wise split and market split by application and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated by the Latin America industrial explosives market between 2016 and 2022.
When developing the market forecast, the starting point begins with sizing up the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, PMR triangulates the data via a different analysis based on the supply side, demand side, and dynamics of the industrial explosives market. However, quantifying the market across the above-mentioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating economy in Latin America, we not only conduct forecasts in terms of CAGR but also analyse on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities.
Another key feature of this report is the analysis of the industrial explosives market by country product type and end-use industry, and the corresponding revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective, in the Latin America industrial explosives market.
To understand key segments in terms of their growth and performance in the industrial explosives market, Persistence Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the Latin America Industrial explosives market.
In the final section of the report, the industrial explosives market competitive landscape is included to provide a dashboard view of companies that manufacture and supply industrial explosives. The report contains company profiles of some of the major players operating in the Latin America industrial explosives market.
Some of the market players featured in this report include:
AEL Mining Services
Austin Powder Company
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/latin-america-market-study-on-industrial-explosives-metal-mining-sector-to-be-the-largest-consumer-during-the-forecast-period-2016---2022-persistence-market-research-300304493.html