Report Overview
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The Asia Pacific military ammonium perchlorate market is growing steadily, driven by increasing defense budgets and space exploration activities. China accounts for 50% of the market, followed by India at 25% and Japan at 15%. In 2023, solid rocket propellants consumed 70% of total production, with explosives at 20% and pyrotechnics at 8%. The market experienced a 6% growth in demand due to increased missile production and space launch activities. Key players include China Pingmei Shenma Group (China) and Gulbrandsen Technologies (USA), holding a combined 60% market share in the region. The industry is investing in purity enhancement technologies, with an 8% increase in R&D spending on ultra-high purity grades in 2023.
Market Share
The Asia Pacific Military Ammonium Perchlorate market size was valued at US$ 215.3 million in 2024 and is projected to reach US$ 276.8 million by 2030, at a CAGR of 4.3% during the forecast period 2024-2030.
Key Company
•Orica Limited
•Tata Chemicals Limited
•Hanwha Corporation
•Mitsubishi Chemical Corporation
•Sinopec Corp.
•BAE Systems
Market Segmentation
• Spherical
• Needle
By Application
• Propellants
• Explosives
Geographic Segmentation
•North America: USA, Canada, Mexico
•Europe: Germany, UK, France, Russia, Italy, Rest of Europe
•Asia-Pacific: China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific
•South America: Brazil, Argentina, Colombia, Rest of South America
•Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA
