The Global ANFO Market was valued at USD 2.55 Billion in 2025 and is projected to reach USD 3.8 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period (2025–2032). This robust growth is fueled by expanding mining activities, rising infrastructure development projects worldwide, and the fundamental reliance on cost-effective blasting solutions for large-scale earthmoving operations.

As the mining and construction industries continue to evolve with technological advancements and increasing demand for raw materials, the focus shifts to the key explosive manufacturers driving efficiency, safety, and innovation. In this blog, we profile the Top 10 Companies in the ANFO Industry—a blend of global giants and specialized producers shaping the future of industrial blasting.

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🔟 1. Orica Limited

Headquarters: Melbourne, Australia
Key Offering: Bulk ANFO, Advanced Blasting Systems, Technical Services

Orica stands as the world’s largest provider of commercial explosives and blasting systems. The company maintains a dominant global footprint, supplying ANFO and sophisticated blasting solutions to mining, quarrying, and construction sectors across more than 100 countries. Orica’s strength lies in its integrated approach, combining high-quality ANFO with digital blasting technologies and on-site technical support to maximize efficiency and safety for its clients.

Strategic Focus:

• Leading provider of bulk explosives and blasting systems globally

• Continuous investment in manufacturing capacity, such as the 2023 expansion in Australia

• Development of advanced digital and wireless blasting technologies

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9️⃣ 2. MAXAM

Headquarters: Madrid, Spain
Key Offering: ANFO, Emulsions, Initiating Systems

MAXAM is a leading global technology company specializing in the energy sector, with a strong focus on industrial explosives. The company offers a comprehensive range of blasting solutions, including bulk ANFO, which is critical for large-scale mining operations, particularly in Latin America and Europe. MAXAM integrates its explosives expertise with a deep understanding of rock mechanics to deliver optimized blasting outcomes.

Strategic Focus:

• Strategic global presence with a focus on mining and quarrying sectors

• Commitment to R&D for safer and more efficient explosive products

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8️⃣ 3. IPL (Dyno Nobel)

Headquarters: Salt Lake City, Utah, USA
Key Offering: ANFO, Emulsion Explosives, Bulk Delivery Systems

IPL, operating under the Dyno Nobel brand, is a major force in the North American and global explosives market. As a leading supplier of industrial explosives, Dyno Nobel provides a wide array of products, including bulk ANFO, which is widely used in surface coal mining, quarrying, and construction. The company is known for its reliable supply chain and technical expertise.

Strategic Focus:

• Key player in the North American explosives market

• Focus on integrated bulk explosive delivery systems

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7️⃣ 4. AEL Intelligent Blasting

Headquarters: Johannesburg, South Africa
Key Offering: ANFO, Electronic Detonators, Blasting Services

AEL is a prominent African-based explosives manufacturer with a significant international presence. The company specializes in providing bulk explosives like ANFO alongside advanced initiating systems and comprehensive blasting services. AEL plays a crucial role in supplying the extensive mining industries across Africa and other emerging markets.

Strategic Focus:

• Stronghold in the African mining explosives market

• Innovation in electronic initiation systems for precision blasting

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6️⃣ 5. ENAEX

Headquarters: Santiago, Chile
Key Offering: Bulk ANFO, Packaged Explosives, Rock Fragmentation Services

ENAEX is a leading Latin American company in the production and distribution of industrial explosives, with a particularly strong position in the copper mining sector. The company provides critical blasting solutions, including ANFO, to major mining operations in Chile, Peru, and beyond, supporting the region’s status as a global mining hub.

Strategic Focus:

• Dominant supplier to the South American mining industry

• Expansion of production capacity to meet regional demand

Download FREE Sample Report: Global ANFO Market – View in Detailed Research Report

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5️⃣ 6. Sasol

Headquarters: Johannesburg, South Africa
Key Offering: Ammonium Nitrate, ANFO Precursors, Chemical Solutions

Sasol, a global integrated chemicals and energy company, is a key supplier of ammonium nitrate, the primary ingredient in ANFO. While not solely an explosives manufacturer, its position as a major producer of this essential raw material gives it significant influence in the ANFO supply chain, particularly in Southern Africa.

Strategic Focus:

• Major producer of ammonium nitrate for the explosives industry

• Integrated supply chain from chemicals to bulk explosives

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4️⃣ 7. Yunnan Civil Explosive

Headquarters: Kunming, Yunnan, China
Key Offering: Industrial Explosives, Detonators, ANFO

Yunnan Civil Explosive is a significant player in China’s substantial explosives market. The company manufactures a wide range of industrial explosives, including ANFO, to serve the booming mining and infrastructure sectors within China. Its strategic location supports the vast mineral extraction activities in the region.

Strategic Focus:

• Major supplier within the large Chinese domestic market

• Catering to extensive mining and construction activities

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3️⃣ 8. Solar Explosives

Headquarters: Nagpur, Maharashtra, India
Key Offering: Bulk Explosives, ANFO, Initiating Systems

Solar Explosives is one of India’s leading manufacturers of industrial explosives. The company provides bulk explosives, including ANFO, to the mining, infrastructure, and defense sectors. With a strong focus on safety and technological advancement, Solar Explosives has established itself as a key supplier in the rapidly growing Indian market.

Strategic Focus:

• Leading position in the Indian explosives industry

• Expansion of bulk explosive manufacturing capabilities

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2️⃣ 9. Gezhouba Explosive

Headquarters: Yichang, Hubei, China
Key Offering: Industrial Explosives, ANFO, Emulsion Explosives

Gezhouba Explosive is another major Chinese manufacturer serving the national demand for industrial explosives. The company supports large-scale infrastructure projects, including hydropower and transportation, alongside the mining industry, with its reliable ANFO and other explosive products.

Strategic Focus:

• Supporting China’s massive infrastructure development

• Focus on safety and production scale

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1️⃣ 10. EPC Groupe

Headquarters: Bouchardon, France
Key Offering: ANFO, Emulsions, Demolition Tools

EPC Groupe is a leading European specialist in industrial explosives and demolition. The company provides a comprehensive range of blasting products, including ANFO, for quarrying, mining, and construction applications across Europe and internationally, with a strong reputation for quality and technical expertise.

Strategic Focus:

• Leading European explosives specialist

• Diverse product portfolio for quarrying and construction

Get Full Report Here: Global ANFO Market – View in Detailed Research Report

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🌍 Outlook: The Future of ANFO Is Smarter and More Efficient

The ANFO market is undergoing a steady transformation. While the fundamental product remains a cost-effective staple for bulk blasting, the industry is investing in enhanced formulations, digital integration, and improved safety protocols to meet the evolving demands of modern mining and construction.

📈 Key Trends Shaping the Market:

• Expansion of mining activities in emerging economies across Asia-Pacific and Latin America

• Infrastructure development driving demand for bulk explosives in large-scale projects

• Technological advancements in bulk delivery systems and blast design software

• Increasing focus on safety, environmental compliance, and precision blasting

Get Full Report Here: Global ANFO Market – View in Detailed Research Report

The companies listed above are not only supplying essential blasting agents—they are enabling the extraction of vital resources and the construction of critical infrastructure that powers global economic growth.