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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Ammonium Perchlorate Market Analysis by Region
The United States possesses the top position in the global military force and is rapidly developing its missile offerings including hypersonic missiles, creating the greater requirement for ammonium perchlorate. The Department of Defence (DoD) approved grade 1 ammonium perchlorate (AP1) and is currently being used in weapons employed by the army's Guided Multiple Launch Rocket System (GMLRS).
Additionally, members of the European Space Agency (ESA) such as France, Germany, Italy, The Netherlands, Spain, and the UK, among others, are actively involved in space exploration missions.
The LATAM satellite sector invests in satellites for communication and climate monitoring as well as nanosatellites for scientific purposes. These satellites are launched into space using rockets, which provides a favourable market for ammonium perchlorate.
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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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124