Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Ammonium Perchlorate Market Trends

The demand for ammonium perchlorate is driven by advancements in aerospace and investments in the defence sector. As a potent oxidizer, it plays a crucial role in rocket propellants and explosives.

 

Middle East countries like Israel, Saudi Arabia, and Iraq are investing a massive amount in their military and defence departments. Germany, Russia, China, and India are also spending a large proportion of their GDP on their military and defence budgets. This is further expected to drive the ammonium perchlorate market over the forecast period.

 

Rising space exploration, commercial satellite transportation, and national defence programs, aids the demand for ammonium perchlorate.

 

Significant government investments

A rise in government investments in the defence sector globally supports the use of ammonium perchlorate as an oxidising agent for solid propellant rockets, booster motors, and missiles. A rise in space exploration, commercial satellite transportation, and defence programs, aids the market growth.

 

Expanding space sector

Ammonium perchlorate is a compound used as an oxidant in solid rocket fuel. In addition to this, the simplicity and stability offered by ammonium perchlorate allow for its use in pyrotechnics.

 

Customisation of ammonium perchlorate

Ammonium perchlorate can be customised according to clients’ needs with respect to particle size, packaging, and packaging size.

 

Growing defence sector

The growth of the defence sector has expanded the application scope of ammonium perchlorate. Ammonium perchlorate is used in the making of smokeless flare signals. Its ability to generate huge energy on oxidation makes it perfect for usage in propellants, among other things.

 

Ammonium Perchlorate Market Report Snapshots

Ammonium Perchlorate Market Size

Ammonium Perchlorate Market Trends

Ammonium Perchlorate Market Share

Ammonium Perchlorate Companies

Ammonium Perchlorate Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Outline the Scope

Key Questions Answered in the Report

In 2023, the market attained a value of nearly USD 833.35 million.

The market is projected to grow at a CAGR of 6.9% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 1,499.31 million by 2032.

The major types of the product are spherical, and non-spherical (needle).

The key regional markets for ammonium perchlorate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The various end uses include aerospace and defence, pyrotechnics and fireworks, and others.

The major applications include rocket fuel additive, strong oxidizing agent, and others.

The key players in the market include American Pacific, Aldebaran Sistemas, S.L., Japan Carlit Co., Ltd., Pandian Chemicals Limited, and Dalian Gaojia Chemical Co., Ltd, among others.

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