According to a market report by Lucintel, the future of the global detonator market looks promising with opportunities in the coal mine, metal mine, and non-metal mine markets. The global detonator market is expected to reach an estimated $2.2 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are increasing use of modern technologies to upgrade existing infrastructure, increasing demand for metals for a variety of industrial purposes, and expanding use of coal as a source of energy.

In this market, non-electric, electronic, and electric are the major segments of detonator market by type.
Lucintel forecasts that electronic will remain the largest segment over the forecast period.
Within this market, coal mines will remain the largest segment.

APAC is expected to witness highest growth over the forecast period.

Orica Limited, Sichuan Yahua Industrial Group, Dyno Nobel, Enaeex, AEL Intelligent Blasting, BME South Africa, MAXAM, Sasol, Poly Permanente, and Austin Detonator are the major suppliers in the detonator market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]