Chemicals, Fuels & Wood Products

Explosives: Market Size, Growth & Forecast to 2030

The Explosives market is valued at about $58.5 billion (2026) and is projected to grow at a 4.3% CAGR through 2030. The largest cost driver is Ammonium nitrate feedstock (55% of spend).

Market size
$58.5 bn (2026)
CAGR to 2030
+4.3%
Buyer power
Favours buyers
Tracked suppliers
45
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 4.3% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 123

Cost structure

Ammonium nitrate feedstock
55%
Organic fuel liquids and hydrocarbons
15%
Labor and manufacturing operations
12%
Regulatory compliance and safety handling
10%
Logistics and specialized transport
8%

Key suppliers

Orica LimitedDyno Nobel (Incitec Pivot Limited)MAXAM CorpAustin Powder Company
Read the full Explosives report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/explosives