MarketSegmentation
By Product
Type:
Smokeless Powder
Composite Propellants
Double-Base Propellants
Others (e.g., Black Powder, Nitrocellulose)
By Application: Military & Defense
Law Enforcement
Civilian (Sports Shooting, Hunting, Personal Defense)
Market Value
Market Size (2023): USD 335.2 million
Projected Market Size (2030): USD
414.7 million
Compound Annual Growth Rate (CAGR): 3.1% from 2024 to 2030
Market Opportunities
Technological Advancements: propellants with enhanced ba
Eco-friendly Solutions: Growi environmentally friendly prop Emerging Markets: Expansion developing regions.
Sample Report
Key Players/Stakeholders
Major Companies Leading the Industry:
Explosia
General Dynamics
Nitrochemie
Australian Munitions
Rheinmetall Defence
Sample Report
Regional Analysis
North America: Market size of USD 92.05 million in 2023; steady growth driven by military, law enforcement, and civilian applications.24 Chemical Research
Europe: Significant contributors include Germany, UK, and France, with growing demand for rifle and handgun propellants.
Asia-Pacific: Increasing demand in military and law enforcement sectors, especially in countries like China and Japan.
South America: Emerging market with potential growth in civilian applications; notable presence in Brazil and Argentina.
Middle East and Africa: Growth driven by defense sector investments in countries such as Saudi Arabia and UAE.
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