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Top 5 Explosives suppliers based on Revenue

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by Beroe Inc.
7 September 2022

Top 5 Supplier Names



Year Founded

Geographical Presence


Melbourne, Australia

A$ 5.21 billion


Orica has 25 production facilities in the Americas, Australia, APAC, and Europe.

Dyno Nobel (Incitec Pivot Limited)

Utah, US

A$ 4.35 billion


Cheyenne, Wyoming, Donora, Pennsylvania, St. Helens, Oregon , Louisiana, Missouri

AECI Mining Services (Formerly AEL)

Johannesburg, South Africa

ZAR 26.05 billion (Group)


Johannesburg, Sasolburg, Durban

Enaex S.A.

Los Condes, Chile

CLP 977.8 billion


Calama, Mejillones, Coquimbo Region

Yara International


NOK 142.8 billion


Koping, Sweden, Sluiskil, the Netherlands, Ravenna, Italy, Pardies, France


NAICS Code: 325920 : Explosives Manufacturing

UNSPSC Code: 12131500: Explosives


Explosive Suppliers market overview

The market growth is driven by factors such as increase in mining activities and rise in spending on defense & military applications. However, factors such as stringent regulatory frameworks toward the use of RDX and availability of alternate methods for mining & blasting act as key barriers for the growth of the market. Moreover, the demand for RDX in military operations and innovation & development toward offering advanced products are expected to create potential opportunities for the growth of the market during the forecast period.To read more about the market trends,click here.

Top Explosive Suppliers


Rising demand for gold may lead to a potential increase in demand for company’s products and services, as its gold mining customers contribute to significant revenue to the company. The company implemented certain strategic initiatives aimed at enhancing business operations

Key Strengths

  • Geographically diverse operations help Orica to mitigate the various risks associated with an overdependence on a particular market

  • Wide range of end-user markets provides the company with a wide customer base, strong brand presence, and growth opportunities across emerging markets

Dyno Nobel (Incitec Pivot Limited)

Dyno Nobel, which is a wholly owned industrial explosives business subsidiary of Incitec Pivot Limited. The two groups of Dyno Nobel are Dyno Nobel Americas and DNAP. Having a strong presence with a widespread distribution and sales network in major mining regions, such as Australia, North and South America, Asia, and Africa.

Key Strengths

  • Varied product specifications catering to all types of mining methods

  • Focused technological and innovative activities provide the company an edge over its competitors. Focus on sustainable R&D with large-scale

AECI Mining Services (Formerly AEL)

AEL, a member of the JSE-listed AECI Group in South Africa, is a leading developer, producer, and supplier of commercial explosives, initiating systems, and blasting services for mining markets.

Key Strengths

  • AEL has well-established distribution and sales network with 58 plants and 34 sites in more than 20 countries in the African and LATAM regions

  • AEL has 81 operations outside of South Africa of which 41 are located in Africa, 11 bulk plants, two detonator plants, and one packaged explosives plant outside South Africa

Enaex S.A.

The Chilean-based company has a global presence, with over 92 years of experience in the explosives market, is the largest producer of EGAN in LATAM. 

Key Strengths

  • Enaex owns the world's largest AND production complex–Prillex América, which has a nominal capacity of 850,000 tons/year

  • Exaex also offers logistics services for hazardous materials, besides providing export services, advisory services, borehole inspection, and initiating & firing administration services

Yara International

Yara International is a Chemicals company, based in Norway, and has sales offices in 150 countries and operations in 50 countries. Growing competition from suppliers from countries, such as India, could impact the market share and profitability.

Key Strengths

  • The company operates in all the important mining regions, including Latin America and Australia

  • The company is tier 1 company with compliance to all the necessary regulations by country

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