Report Overview
The "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 Analysis
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.
