Global Military Propellants and Explosives Market Growth 2024-2030

Global Military Propellants and Explosives Market Growth 2024-2030

Military propellants and explosives are substances specifically designed for use in military applications, typically for propelling projectiles, launching rockets, powering weapons systems, or causing explosions. These materials are engineered to provide controlled release of energy with specific characteristics such as high energy density, stability, and reliability under various conditions.

The global Military Propellants and Explosives market size is projected to grow from US$ 3756 million in 2024 to US$ 4506 million in 2030; it is expected to grow at a CAGR of 3.1% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Military Propellants and Explosives Industry Forecast” looks at past sales and reviews total world Military Propellants and Explosives sales in 2023, providing a comprehensive analysis by region and market sector of projected Military Propellants and Explosives sales for 2024 through 2030. With Military Propellants and Explosives sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Military Propellants and Explosives industry.

This Insight Report provides a comprehensive analysis of the global Military Propellants and Explosives landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Military Propellants and Explosives portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Military Propellants and Explosives market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Military Propellants and Explosives and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Military Propellants and Explosives.

Major global manufacturers of Military Propellants and Explosives include General Dynamics, Rheinmetall Defense, BAE Systems, Eurenco, Solar Group, Explosia, Chemring Nobel, etc. The top three manufacturers account for approximately 20% of the global share. North America is the world's largest market, accounting for nearly 34% of the market.

In terms of product type, military propellants occupy a dominant position, accounting for 82% of the total. At the same time, in terms of application, defense is the largest application field, accounting for 76%.

This report presents a comprehensive overview, market shares, and growth opportunities of Military Propellants and Explosives market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Military Propellants
Military Explosives

Segmentation by Application:
Aerospace
Defense

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
General Dynamics
Rheinmetall Defence
BAE Systems
Eurenco
Solar Group
Explosia
Chemring Nobel
Pakistan Ordnance Factories
Australian Munitions
Forcit
Prva Iskra
Poongsan Defense
Liming Research Institute of Chemical Industry
China North Industries Corporation (NORINCO)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Military Propellants and Explosives market?

What factors are driving Military Propellants and Explosives market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Military Propellants and Explosives market opportunities vary by end market size?

How does Military Propellants and Explosives break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.