Return to: Marketing NewsPropellants Market Outlook 2025–2031: Growth Analysis, Market Dynamics, Key Players, and Technological InnovationsThe "Global Propellants Market" encompasses materials that generate thrust or propulsion for various applications, including aerospace, defense, and industrial uses. These materials, available in liquid, solid, and gaseous forms, are integral to activities such as space exploration, military operations, and commercial aviation. Propellants function by producing the force necessary to move objects through air, water, or space. Key components include fuels, oxidizers, binders, and additives, each playing a critical role in ensuring efficiency and performance. Market Size Report Sample includes: - Table of Contents - List of Tables & Figures - Charts - Research Methodology Get FREE Sample of this Report at https://www.intelmarketresearch.com/download-free-sample/566/propellants-market The "Global Propellants Market" size was valued at US$ 18.6 billion in 2024 and is projected to reach US$ 29.4 billion by 2032, at a CAGR of 5.9% during the forecast period 2025-2032. The "United States Propellants Market" size was valued at US$ 5.2 billion in 2024 and is projected to reach US$ 7.8 billion by 2032, at a CAGR of 5.2% during the forecast period 2025-2032. Competitor Analysis Major Players : • Explosia: Specializes in solid propellants for defense and aerospace. • Rheinmetall Defence: Focuses on advanced formulations for military applications. • BAE Systems: A key supplier of high-performance propellants for global defense markets. • General Dynamics: Known for its comprehensive range of liquid and solid propellants. Strategies • Product Innovation: Companies are investing in R&D to develop eco-friendly propellants. • Strategic Partnerships: Collaborations with government agencies and private organizations to expand market reach. Market Segmentation (by Application) Aerospace • Propellants are critical for satellite launches, space exploration missions, and commercial aviation. Defense • Key applications include missile systems, munitions, and other military propulsion systems. Market Segmentation (by Type) Liquid Propellant • Widely used in aerospace and defense due to its high efficiency and adaptability Solid Propellant • Preferred for military applications owing to its simplicity and reliability. Get FREE Sample of this Report at https://www.intelmarketresearch.com/download-free-sample/566/propellants-market Key Company • Explosia • Pakistan Ordnance Factories • Australian Munitions • Eurenco • General Dynamics • MAXAM Corp • Rheinmetall Defence • BAE Systems • Forcit Geographic Segmentation • North America: United States, Canada, Mexico. • Europe: Germany, France, UK, Italy, Spain, Rest of Europe. • Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of APAC. • Middle East and Africa: Middle East, Africa. • South and Central America: Brazil, Argentina, Rest of SCA. FAQ 1. What is the current market size of the Propellants Market? As of 2024, the market size is US$ 13,579.9 Million, projected to grow to US$ 20,819.2 Million by 2030. 2. Which are the key companies operating in the Propellants Market? Key players include Explosia, BAE Systems, General Dynamics, and Rheinmetall Defence. 3. What are the key growth drivers in the Propellants Market? Key drivers include increasing space exploration initiatives, stringent environmental regulations, and advancements in propellant technology. 4. Which regions dominate the Propellants Market? North America is the largest market, while Asia Pacific is the fastest-growing region. 5. What are the emerging trends in the Propellants Market? Emerging trends include the adoption of green propellants and increasing investments in space programs by developing economies. In India, the government's focus on indigenous defense production and modernization initiatives has led to increased investments in aerospace and defense research, development, and manufacturing capabilities. The country's ambitious space program and growing defense expenditure have created opportunities for propellant manufacturers to cater to the needs of both civilian and military applications. In recent years, the commercial aviation industry has experienced a surge in activity, driven by an increase in air traffic and a growing preference for air travel among passengers. This upward trend has been particularly pronounced in India, where passenger traffic has expanded rapidly, averaging over 15 percent growth annually over the past five years. Consequently, the number of passengers utilizing domestic and international air travel has risen from approximately 70 million to 200 million over the past decade. In the defense sector, China invests in the development of missile systems, rockets, and other military technologies that rely on propellants for propulsion. The country's defense industry works closely with government agencies to enhance national security capabilities and maintain a strong defense posture, driving demand for propellants in defense applications. Competitor Analysis The report also provides analysis of leading market participants including: • Key companies Propellants revenues in global market, 2018-2024 (Estimated), ($ millions) • Key companies Propellants revenues share in global market, 2023 (%) • Key companies Propellants sales in global market, 2018-2024 (Estimated), (K MT) • Key companies Propellants sales share in global market, 2023 (%) key players include: • Explosia • Pakistan Ordnance Factories • Australian Munitions • Eurenco • General Dynamics • MAXAM Corp • Rheinmetall Defence • BAE Systems • Forcit • Solar Group • Serbian defence industrial facilities • NITRO-CHEM • Poongsan Defense • Liming Research Institute of • Chemical Industry • China North Industries • Corporation (NORINCO) Key trends shaping the global propellants market: • Increasing demand for solid propellants: Solid propellants are witnessing higher demand due to their advantages like ease of storage, handling, and transportation. Their usage is growing in sectors like space exploration, missiles, and rocket launchers. • Development of green and non-toxic propellants: There is a growing focus on developing environmentally friendly and non-toxic propellants to reduce the environmental impact of rocket launches and missile systems. This trend is driven by stricter regulations and sustainability concerns. • Adoption of advanced manufacturing techniques: Propellant manufacturers are adopting advanced techniques like 3D printing, automated mixing, and computational fluid dynamics (CFD) simulations to optimize propellant performance, reduce waste, and improve production efficiency. • Increasing space exploration activities: The growing number of space missions, including the establishment of lunar bases and Mars exploration, is driving the demand for high-performance propellants capable of handling prolonged space travel. • Emergence of hybrid propellants: Hybrid propellants, which combine solid and liquid propellants, are gaining popularity due to their advantages in terms of performance, safety, and cost-effectiveness. Hybrid propellants offer improved control and throttling capabilities. • Expansion of defense budgets: Increasing global defense spending and the modernization of military arsenals are contributing to the growth of the propellants market, particularly for solid propellants used in missiles, rockets, and artillery systems. • Development of new propellant formulations: Researchers and manufacturers are exploring new propellant formulations and compositions to enhance properties like specific impulse, combustion efficiency, and thermal stability, thereby improving overall rocket and missile performance. Outline of Major Chapters: Chapter 1: Introduces the definition of Propellants, market overview. Chapter 2: Global Propellants market size in revenue and volume. Chapter 3: Detailed analysis of Propellants manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets. Chapter 6: Sales of Propellants in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world. Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. Chapter 8: Global Propellants capacity by region & country. Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry. Chapter 11: The main points and conclusions of the report. Get the Complete Report & TOC at https://www.intelmarketresearch.com/chemicals-and-materials/566/propellants-market CONTACT US: 276 5th Avenue, New York , NY 10001,United States International: +91 9169164321 Email: help@intelmarketresearch.com Follow Us On linkedin :- https://www.linkedin.com/company/intelsight-research/ About intel market research : Established ourselves in the year 2015, Intel Market Reports is a popular market research company that provides an in-depth quantified market research report. The Purpose is to deliver effective and fruit-bearing market research reports. Our portfolio includes the list of 30+ companies belonging to the Fortune 500 list. We have achieved this milestone in less than half a decade. Visit Our Website - https://www.intelmarketresearch.com #PropellantsMarketTrend #PropellantsMarketGrowth #PropellantsMarketSize #PropellantsMarketShare #PropellantsFore ... News Release: Propellants Market Outlook 2025–2031: Growth Analysis, Market Dynamics, Key Players, and Technological Innovations Submitted on: May 14, 2025 07:45:07 AM Submitted by: AMISHA On behalf of: https://www.intelmarketresearch.com/chemicals-and-materials/566/propellants-market |