• 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.
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• 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.
• 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.
• 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.
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