Pacific Military Explosives and Propellants Market

The Asia Pacific Military Explosives and Propellants market size was valued at US$ 3.14 billion in 2024 and is projected to reach US$ 3.92 billion by 2030, at a CAGR of 3.8% during the forecast period 2024-2030.

Military explosives and propellants are energetic materials used in ammunition, missiles, and other military ordnance, designed to provide controlled energy release for propulsion or detonation in defense applications.

The Asia Pacific military explosives and propellants market is substantial, driven by regional security concerns and military modernization programs. China accounts for 40% of the market, followed by India at 25% and South Korea at 15%. In 2023, missile propellants dominated with a 35% market share, followed by artillery ammunition at 30% and small arms ammunition at 20%. The market saw a 6% increase in demand for insensitive munitions to improve safety. Key players include Norinco (China) and Rheinmetall (Germany), holding a combined 45% market share in the region. The industry is investing heavily in research on advanced energetic materials, with a 10% increase in R&D spending on high-energy density compounds in 2023. Challenges include stringent environmental regulations, leading to an 8% rise in production compliance costs. Technological advancements have improved the energy output of propellants by 12% over the past five years. The market is benefiting from increased defense budgets, with a 7% average growth in military spending across key Asian countries in 2023.

Report Includes

Pacific Military Explosives and Propellants Market is an essential reference for who looks for detailed information on Asia Pacific Military Explosives and Propellants . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Military Explosives and Propellants , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

Pacific Military Explosives and Propellants Market aims to provide a comprehensive presentation of the Asia Pacific Military Explosives and Propellants , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Military Explosives and Propellants . Pacific Military Explosives and Propellants Market contains market size and forecasts of Military Explosives and Propellants in Asia Pacific, including the following market information:

We surveyed the Military Explosives and Propellants manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

•    China

•    India

•    Japan

•    South Korea

•    Australia

•    Thailand

•    Indonesia

by Products type:

•    Military Propellants

•    Military Explosives

by Application:

•    Military

•    Defense

key players include: (At least 8-10 companies included)

•    Chemring Group PLC

•    Solar Industries India Ltd.

•    Hanwha Corporation

•    Norinco Group

•    China North Industries Corporation (NORINCO)

•    Poongsan Corporation

•    Pakistan Ordnance Factories

•    Indian Ordnance Factories

•    Explosia a.s.

•    Australian Munitions

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

•    Key companies Military Explosives and Propellants revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)

•    Key companies Military Explosives and Propellants revenues share in Asia Pacific market, 2023 (%)

•    Key companies Military Explosives and Propellants sales in Asia Pacific market, 2019-2024 (Estimated),

•    Key companies Military Explosives and Propellants sales share in Asia Pacific market, 2023 (%)

Key Points of this Report:

•    The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis

•    The report covers Asia Pacific and country-wise market of Military Explosives and Propellants

•    It describes present situation, historical background and future forecast

•    Comprehensive data showing Military Explosives and Propellants capacities, production, consumption, trade statistics, and prices in the recent years are provided

•    The report indicates a wealth of information on Military Explosives and Propellants manufacturers

•    Military Explosives and Propellants forecast for next five years, including market volumes and prices is also provided

•    Raw Material Supply and Downstream Consumer Information is also included

•    Any other user's requirements which is feasible for us

Reasons to Purchase this Report:

•    Analyzing the outlook of the market with the recent trends and SWOT analysis

•    Market dynamics scenario, along with growth opportunities of the market in the years to come

•    Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

•    Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

•    Market value (USD Million) and volume (Units Million) data for each segment and sub-segment

•    Distribution Channel sales Analysis by Value

•    Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

•    Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

•    1-year analyst support, along with the data support in excel format.