Explosives and Propellants Market Report 2025-2035

Overall world revenue for the Explosives and Propellants Market: In terms of value the market will surpass US$41.07 billion in 2025, the work calculates. The publisher predicts strong revenue growth through to 2035. The work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.

The Explosives and Propellants Market Report 2025-2035 (Including Impact of U.S. Trade Tariffs): This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.

Integration of Smart Technologies Driving Precision and Operational Excellence in the Explosives and Propellants Sector

Recent advancements in smart technologies are redefining the strategic trajectory of the explosives and propellants industry, enabling unprecedented levels of precision, safety, and efficiency. A notable example is Orica's January 2024 announcement to expand its fully lead-free electronic detonator technology across its broader electronic blasting systems portfolio. This move not only reinforces the industry's environmental commitments but also elevates operational control and safety standards. The company's lead-free detonators received CE certification in March 2024, underlining compliance with international safety and sustainability benchmarks. These developments reflect a broader trend across the sector-where digitalization and intelligent systems are becoming integral to the design, deployment, and management of energetic materials. Key innovations such as wireless ignition systems, electronic detonation platforms, remote diagnostics, and real-time monitoring are revolutionizing conventional practices. These technologies significantly reduce the risk of misfires, enhance timing precision, and improve detonation sequencing, offering substantial benefits in both civil and military applications.

In high-risk, high-precision environments-such as mining, infrastructure development, and defence-smart energetic systems are proving transformative. Enhanced control translates into optimized blast outcomes, reduced material wastage, and greater safety for personnel and assets. For military operations, these capabilities support faster decision-making, predictive maintenance, and adaptive mission planning-critical features for modern combat and aerospace missions. By embedding intelligence into energetic components and supporting systems, the industry is transitioning from traditional bulk detonation approaches to smarter, data-driven models of execution. This shift is not only driving competitive advantage for manufacturers but is also setting new benchmarks in environmental responsibility, operational reliability, and mission-critical performance. The integration of smart technologies is thus positioning the explosives and propellants sector at the forefront of industrial innovation and next-generation defence and infrastructure capabilities.

Regulatory Complexity Undermining Agility and Global Scalability in the Explosives and Propellants Industry

The explosives and propellants sector is constrained by a dense and evolving regulatory landscape that, while essential for safety, security, and environmental oversight, significantly impedes market agility and scalability. As global demand for energetic materials accelerates, manufacturers are increasingly challenged by the need to comply with a multifaceted network of local, national, and international regulations that govern every stage of the product lifecycle-from manufacturing and storage to transportation and export.

Key regulatory frameworks such as the International Traffic in Arms Regulations (ITAR) in the United States, the European Union's REACH legislation, and United Nations transport classification codes impose rigorous licensing protocols, extensive documentation requirements, and stringent export controls. These measures, though crucial for national security and international compliance, often result in prolonged deployment timelines and elevated operational costs. For example, delays in securing ITAR export licenses can hinder timely deliveries to allied nations and disrupt international defence collaboration, ultimately affecting the global availability of critical energetic components.

Compounding the challenge, manufacturers must also meet occupational safety standards set by agencies like OSHA and adhere to environmental compliance obligations under regulatory bodies such as the U.S. Environmental Protection Agency (EPA). These layers of compliance are particularly burdensome for small and medium-sized enterprises (SMEs) and emerging startups, which often lack the resources to navigate such complex regulatory terrain efficiently.

As governments continue to tighten controls-especially around dual-use technologies and environmental impact-the tension between innovation and regulation is becoming more pronounced. For many market participants, particularly those seeking to scale operations or expand internationally, these regulatory constraints contribute to slower go-to-market strategies and reduced responsiveness in high-demand scenarios. Consequently, achieving compliance without compromising competitiveness has emerged as a critical challenge across the explosives and propellants value chain.

What would be the Impact of US Trade Tariffs on the Global Explosives and Propellants Market?

The recent imposition of U.S. trade tariffs on key raw materials and chemical intermediates-such as ammonium nitrate, RDX, TNT, and nitrocellulose-is expected to have far-reaching consequences across the global explosives and propellants market. These materials are foundational to the manufacture of high-energy products used extensively in defence, mining, construction, and aerospace applications. As such, tariff-related disruptions are not confined to U.S. borders; they ripple across global supply chains, reshaping sourcing strategies, pricing models, and trade relationships.

Rising Input Costs and Margin Pressures in the U.S.

For U.S.-based manufacturers, these tariffs will result in immediate increases in input costs, particularly for companies reliant on imported raw materials. This cost escalation is likely to compress already thin profit margins, delay procurement cycles, and strain production planning. Companies may attempt to pass on these costs to end-users, but sectors such as defence and infrastructure-operating under fixed budgets and long-term contracts-may have limited capacity to absorb price hikes. The resulting financial pressure could stifle innovation and delay modernization efforts within critical national industries.

Disruption of Global Supply Chains and Market Realignment

The global explosives and propellants value chain is deeply interconnected. Tariffs on U.S. imports will inevitably force a re-evaluation of global sourcing practices. As U.S. manufacturers pivot toward domestic or alternative suppliers, supply chain realignments may result in temporary shortages, increased lead times, and bottlenecks in critical applications. Emerging markets and export-reliant economies such as China, India, Mexico, and Brazil-key exporters of intermediate chemicals and components-are likely to experience significant trade flow disruptions and revenue losses.

Key Questions Answered

How is the explosives and propellants market evolving?
What is driving and restraining the explosives and propellants market?
How will each explosives and propellants submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2035?
How will the market shares for each explosives and propellants submarket develop from 2025 to 2035?
What will be the main driver for the overall market from 2025 to 2035?
Will leading explosives and propellants markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2035 and which geographical region will lead the market in 2035?
Who are the leading players and what are their prospects over the forecast period?
What are the explosives and propellants projects for these leading companies?
How will the industry evolve during the period between 2025 and 2035?
What are the implications of explosives and propellants projects taking place now and over the next 10 years?
Is there a greater need for product commercialisation to further scale the explosives and propellants market?
Where is the explosives and propellants market heading and how can you ensure you are at the forefront of the market?
What are the best investment options for new product and service lines?
What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the explosives and propellants market today, and over the next 10 years:
This 373-page report provides 137 tables and 204 charts/graphs exclusively to you.
The report highlights key lucrative areas in the industry so you can target them - NOW.
It contains in-depth analysis of global, regional and national sales and growth.
It highlights for you the key successful trends, changes and revenue projections made by your competitors.
Forecasts to 2035 and other analysis reveal commercial prospects
In addition to revenue forecasting to 2035, the new study provides you with recent results, growth rates, and market shares.
You will find original analysis, with business outlooks and developments.
Discover qualitative analysis (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising explosives and propellants prices and recent developments.

Segments Covered in the Report

Applications

Commercial
Military
Civilian
Safety

Type

Propellants
Explosives

Propellant Applications

Gun Propellant
Rocket Propellant

Gun Propellant

Single Base (Nitrocellulose)
Double Base (NC + NG)
Triple Base (NC + NG+NQ)

Rocket Propellant Types

Solid Rocket Propellant
Liquid Rocket Propellant

Explosive Types

High Explosive (RDX, TNT, and HMX)
Low Explosives
Other Explosives (DNAN and NTE)

In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 23 leading national markets:

North America

U.S.
Canada

Europe

Germany
UK
France
Italy
Spain
Russia
Rest of Europe

Asia Pacific

China
Japan
India
South Korea
Singapore
Australia
Rest of Asia Pacific

Latin America

Brazil
Mexico
Argentina
Rest of Latin America

MEA

GCC
South Africa
Rest of MEA

The report also includes profiles for some of the leading companies in the Explosives and Propellants Market, with a focus on this segment of these companies'operations.

Leading companies profiled in the report

Explosia a.s.
Pakistan Ordnance Factories
Australian Munitions (Thales Australia Limited)
Eurenco
General Dynamics Corporation
MAXAM
Rheinmetall AG
Olin Corporation
Forcit Group
Solar Industries India Limited
Yugoimport-SDPR
NITRO-CHEM S.A.
Dyno Nobel Limited
Orica Limited
AECI Limited
Hanwha Corporation
Sasol Limited

How will the Explosives and Propellants Market report help you?

In summary, the 370+ page report provides you with the following knowledge:

Revenue forecasts to 2035 for Explosives and Propellants Market, with forecasts for applications, type, propellant applications, gun propellant, rocket propellant type, and explosive types, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
Revenue forecasts to 2035 for five regional and 25 key national markets - See forecasts for the Explosives and Propellants Market in North America, Europe, Asia Pacific, Latin America, and MEA. Also forecasted is the market in the US, Canada, Mexico, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
Prospects for established firms and those seeking to enter the market - including company profiles for 17 of the major companies involved in the Explosives and Propellants Market.

Find quantitative and qualitative analysis with independent predictions. Receive information that only this report contains, staying informed with invaluable business intelligence.

Information found nowhere else

With this new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how this work could benefit your research, analysis, and decisions. This study is for everybody needing commercial analysis for the Explosives and Propellants Market, market-leading companies. You will find data, trends and predictions.

1 Report Overview

1.1 Objectives of the Study
1.2 Introduction to Explosives and Propellants Market
1.3 What This Report Delivers
1.4 Why You Should Read This Report
1.5 Key Questions Answered by This Analytical Report
1.6 Who is This Report for?
1.7 Methodology
1.7.1 Market Definitions
1.7.2 Market Evaluation & Forecasting Methodology
1.7.3 Data Validation
1.7.3.1 Primary Research
1.7.3.2 Secondary Research
1.8 Frequently Asked Questions (FAQs)
1.9 Associated Reports
1.10 About the Publisher

2 Executive Summary

3 Market Overview

3.1 Key Findings
3.2 Market Dynamics
3.3 Impact Analysis
3.3.1 Market Driving Factors
3.3.1.1 Escalating Global Dv©fense Expenditures Driving the Explosives and Propellants Market
3.3.1.2 Technological Advancements in Precision Weaponry Catalysing Demand for Next-Generation Explosives and Propellants
3.3.1.3 Rising Geopolitical Tensions Amplify Demand for Military-Grade Explosives and Propellants
3.3.2 Market Restraining Factors
3.3.2.1 Complex and Evolving Regulatory Compliance Slows Market Agility for Explosives and Propellants Manufacturers
3.3.2.2 Environmental Impact and Safety Liabilities Restraining Growth in Conventional Explosives Markets
3.3.3 Market Opportunities
3.3.3.1 Rising Demand for Eco-Friendly Propellants: Paving the Way for Sustainable Growth in the Explosives and Propellants Market
3.3.3.2 Smart Technologies Revolutionizing the Explosives and Propellants Market: Unlocking Precision, Safety, and Competitive Advantage
3.3.3.3 Strategic Growth in Emerging Economies: Driving Demand for Explosives and Propellants in Asia-Pacific and Beyond
3.4 U.S. Tariffs: What's the Impact on Global Explosives and Propellants Market?
3.4.1 Overview
3.4.2 V-Shaped Recovery Scenario
3.4.2.1 Why V-Shaped Recovery?
3.4.2.2 Impact from Tariffs
3.4.2.3 Market Dynamics and Demand Recovery
3.4.2.4 Policy and Funding Support
3.4.2.5 Timeframe for Recovery
3.4.3 U-Shaped Recovery Scenario
3.4.3.1 Why U-Shaped Recovery?
3.4.3.2 Impact from Tariffs
3.4.3.3 Market Dynamics and Demand Recovery
3.4.3.4 Policy and Funding Support
3.4.3.5 Timeframe for Recovery
3.4.4 L Shaped Recovery Scenario
3.4.4.1 Why L-Shaped Recovery?
3.4.4.2 Impact from Tariffs
3.4.4.3 Market Dynamics and Demand Recovery
3.4.4.4 Policy and Funding Support
3.4.4.5 Timeframe for Recovery
3.4.5 What Strategic Considerations Should Clients Factor into Their Near-term (2025-2030) and Long-term (2025-2035) Planning?
3.4.6 Impact of U.S. and China Trade War on Explosive and Market
3.4.7 How Might the Most Impacted Countries Experience Positive and Negative Effects Resulting from These Policy Changes?
3.5 Regulatory Framework
3.6 Emerging Markets and Megatrends
3.7 Porter's Five Forces Analysis
3.7.1 Bargaining Power of Suppliers
3.7.2 Bargaining Power of Buyers
3.7.3 Competitive Rivalry
3.7.4 Threat of Substitutes
3.7.5 Threat of New Entrants
3.8 PEST Analysis

4 Explosive and Propellants Market Analysis by Application

4.1 Key Findings
4.2 Applications Segment: Market Attractiveness Index
4.3 Explosives and Propellants Market Size Estimation and Forecast by Application
4.4 Commercial
4.4.1 Market Size by Region, 2025-2035 (US$ Million)
4.4.2 Market Share by Region, 2025 & 2035 (%)
4.5 Military
4.5.1 Market Size by Region, 2025-2035 (US$ Million)
4.5.2 Market Share by Region, 2025 & 2035 (%)
4.6 Civilian
4.6.1 Market Size by Region, 2025-2035 (US$ Million)
4.6.2 Market Share by Region, 2025 & 2035 (%)
4.7 Safety
4.7.1 Market Size by Region, 2025-2035 (US$ Million)
4.7.2 Market Share by Region, 2025 & 2035 (%)

5 Explosive and Propellants Market Analysis by Type

5.1 Key Findings
5.2 Type Segment: Market Attractiveness Index
5.3 Explosives and Propellants Market Size Estimation and Forecast by Type
5.4 Propellants
5.4.1 Market Size by Region, 2025-2035 (US$ Million)
5.4.2 Market Share by Region, 2025 & 2035 (%)
5.5 Explosives
5.5.1 Market Size by Region, 2025-2035 (US$ Million)
5.5.2 Market Share by Region, 2025 & 2035 (%)

6 Explosive and Propellants Market Analysis by Propellant Applications

6.1 Key Findings
6.2 Propellant Applications Segment: Market Attractiveness Index
6.3 Explosives and Propellants Market Size Estimation and Forecast by Propellant Applications
6.4 Gun Propellant
6.4.1 Market Size by Region, 2025-2035 (US$ Million)
6.4.2 Market Share by Region, 2025 & 2035 (%)
6.5 Rocket Propellant
6.5.1 Market Size by Region, 2025-2035 (US$ Million)
6.5.2 Market Share by Region, 2025 & 2035 (%)

7 Explosive and Propellants Market Analysis by Gun Propellant

7.1 Key Findings
7.2 Gun Propellant Segment: Market Attractiveness Index
7.3 Explosives and Propellants Market Size Estimation and Forecast by Propellant Applications
7.4 Single Base (Nitrocellulose)
7.4.1 Market Size by Region, 2025-2035 (US$ Million)
7.4.2 Market Share by Region, 2025 & 2035 (%)
7.5 Double Base (NC + NG)
7.5.1 Market Size by Region, 2025-2035 (US$ Million)
7.5.2 Market Share by Region, 2025 & 2035 (%)
7.6 Triple Base (NC + NG + NQ)
7.6.1 Market Size by Region, 2025-2035 (US$ Million)
7.6.2 Market Share by Region, 2025 & 2035 (%)

8 Explosive and Propellants Market Analysis by Rocket Propellant Types

8.1 Key Findings
8.2 Rocket Propellant Types Segment: Market Attractiveness Index
8.3 Explosives and Propellants Market Size Estimation and Forecast by Propellant Applications
8.4 Solid Rocket Propellant
8.4.1 Market Size by Region, 2025-2035 (US$ Million)
8.4.2 Market Share by Region, 2025 & 2035 (%)
8.5 Liquid Rocket Propellant
8.5.1 Market Size by Region, 2025-2035 (US$ Million)
8.5.2 Market Share by Region, 2025 & 2035 (%)

9 Explosive and Propellants Market Analysis by Explosive Types

9.1 Key Findings
9.2 Explosive Types Segment: Market Attractiveness Index
9.3 Explosives and Propellants Market Size Estimation and Forecast by Explosive Types
9.4 High Explosive (RDX, TNT, and HMX)
9.4.1 Market Size by Region, 2025-2035 (US$ Million)
9.4.2 Market Share by Region, 2025 & 2035 (%)
9.5 Low Explosives
9.5.1 Market Size by Region, 2025-2035 (US$ Million)
9.5.2 Market Share by Region, 2025 & 2035 (%)
9.6 Other Explosives (DNAN and NTE)
9.6.1 Market Size by Region, 2025-2035 (US$ Million)
9.6.2 Market Share by Region, 2025 & 2035 (%)

10 Explosive and Propellants Market Analysis by Region

10.1 Key Findings
10.2 Regional Market Size Estimation and Forecast

11 North America Explosive and Propellants Market Analysis

11.1 Key Findings
11.2 North America Explosives and Propellants Market Attractiveness Index
11.3 North America Explosives and Propellants Market by Country, 2025, 2030 & 2035 (US$ Million)
11.4 North America Explosives and Propellants Market Size Estimation and Forecast by Country
11.5 North America Explosives and Propellants Market Size Estimation and Forecast by Applications
11.6 North America Explosives and Propellants Market Size Estimation and Forecast by Type
11.7 North America Explosives and Propellants Market Size Estimation and Forecast by Propellants Applications
11.8 North America Explosives and Propellants Market Size Estimation and Forecast by Gun Propellant
11.9 North America Explosives and Propellants Market Size Estimation and Forecast by Rocket Propellant Types
11.10 North America Explosives and Propellants Market Size Estimation and Forecast by Explosive Types
11.11 U.S. Explosive and Propellants Market Analysis
11.12 Canada Explosive and Propellants Market Analysis

12 Europe Explosive and Propellants Market Analysis

12.1 Key Findings
12.2 Europe Explosives and Propellants Market Attractiveness Index
12.3 Europe Explosives and Propellants Market by Country, 2025, 2030 & 2035 (US$ Million)
12.4 Europe Explosives and Propellants Market Size Estimation and Forecast by Country
12.5 Europe Explosives and Propellants Market Size Estimation and Forecast by Applications
12.6 Europe Explosives and Propellants Market Size Estimation and Forecast by Type
12.7 Europe Explosives and Propellants Market Size Estimation and Forecast by Propellants Applications
12.8 Europe Explosives and Propellants Market Size Estimation and Forecast by Gun Propellant
12.9 Europe Explosives and Propellants Market Size Estimation and Forecast by Rocket Propellant Types
12.10 Europe Explosives and Propellants Market Size Estimation and Forecast by Explosive Types
12.11 Germany Explosive and Propellants Market Analysis
12.12 UK Explosive and Propellants Market Analysis
12.13 France Explosive and Propellants Market Analysis
12.14 Italy Explosive and Propellants Market Analysis
12.15 Spain Explosive and Propellants Market Analysis
12.16 Russia Explosive and Propellants Market Analysis
12.17 Rest of Europe Explosive and Propellants Market Analysis

13 Asia Pacific Explosive and Propellants Market Analysis

13.1 Key Findings
13.2 Asia Pacific Explosives and Propellants Market Attractiveness Index
13.3 Asia Pacific Explosives and Propellants Market by Country, 2025, 2030 & 2035 (US$ Million)
13.4 Asia Pacific Explosives and Propellants Market Size Estimation and Forecast by Country
13.5 Asia Pacific Explosives and Propellants Market Size Estimation and Forecast by Applications
13.6 Asia Pacific Explosives and Propellants Market Size Estimation and Forecast by Type
13.7 Asia Pacific Explosives and Propellants Market Size Estimation and Forecast by Propellants Applications
13.8 Asia Pacific Explosives and Propellants Market Size Estimation and Forecast by Gun Propellant
13.9 Asia Pacific Explosives and Propellants Market Size Estimation and Forecast by Rocket Propellant Types
13.10 Asia Pacific Explosives and Propellants Market Size Estimation and Forecast by Explosive Types
13.11 China Explosive and Propellants Market Analysis
13.12 Japan Explosive and Propellants Market Analysis
13.13 India Explosive and Propellants Market Analysis
13.14 South Korea Explosive and Propellants Market Analysis
13.15 Singapore Explosive and Propellants Market Analysis
13.16 Australia Explosive and Propellants Market Analysis
13.17 Rest of Asia Pacific Explosive and Propellants Market Analysis

14 Latin America Explosive and Propellants Market Analysis

14.1 Key Findings
14.2 Latin America Explosives and Propellants Market Attractiveness Index
14.3 Latin America Explosives and Propellants Market by Country, 2025, 2030 & 2035 (US$ Million)
14.4 Latin America Explosives and Propellants Market Size Estimation and Forecast by Country
14.5 Latin America Explosives and Propellants Market Size Estimation and Forecast by Applications
14.6 Latin America Explosives and Propellants Market Size Estimation and Forecast by Type
14.7 Latin America Explosives and Propellants Market Size Estimation and Forecast by Propellants Applications
14.8 Latin America Explosives and Propellants Market Size Estimation and Forecast by Gun Propellant
14.9 Latin America Explosives and Propellants Market Size Estimation and Forecast by Rocket Propellant Types
14.10 Latin America Explosives and Propellants Market Size Estimation and Forecast by Explosive Types
14.11 Brazil Explosive and Propellants Market Analysis
14.12 Mexico Explosive and Propellants Market Analysis
14.13 Argentina Explosive and Propellants Market Analysis
14.14 Rest of Latin America Explosive and Propellants Market Analysis

15 MEA Explosive and Propellants Market Analysis

15.1 Key Findings
15.2 MEA Explosives and Propellants Market Attractiveness Index
15.3 MEA Explosives and Propellants Market by Country, 2025, 2030 & 2035 (US$ Million)
15.4 MEA Explosives and Propellants Market Size Estimation and Forecast by Country
15.5 MEA Explosives and Propellants Market Size Estimation and Forecast by Applications
15.6 MEA Explosives and Propellants Market Size Estimation and Forecast by Type
15.7 MEA Explosives and Propellants Market Size Estimation and Forecast by Propellants Applications
15.8 MEA Explosives and Propellants Market Size Estimation and Forecast by Gun Propellant
15.9 MEA Explosives and Propellants Market Size Estimation and Forecast by Rocket Propellant Types
15.10 MEA Explosives and Propellants Market Size Estimation and Forecast by Explosive Types
15.11 GCC Explosive and Propellants Market Analysis
15.12 South Africa Explosive and Propellants Market Analysis
15.13 Rest of MEA Explosive and Propellants Market Analysis

16 Company Profiles

16.1 Competitive Landscape, 2024
16.2 Strategic Outlook
16.3 Explosia a.s.
16.3.1 Company Snapshot
16.3.2 Company Overview
16.3.3 Product Benchmarking
16.3.4 Strategic Outlook
16.4 Pakistan Ordnance Factories (POF)
16.4.1 Company Snapshot
16.4.2 Company Overview
16.4.3 Product Benchmarking
16.4.4 Strategic Outlook
16.5 Australian Munitions (Thales Australia)
16.5.1 Company Snapshot
16.5.2 Company Overview
16.5.3 Product Benchmarking
16.5.4 Strategic Outlook
16.6 Eurenco
16.6.1 Company Snapshot
16.6.2 Company Overview
16.6.3 Product Benchmarking
16.6.4 Strategic Outlook
16.7 General Dynamics Corporation
16.7.1 Company Snapshot
16.7.2 Company Overview
16.7.3 Financial Analysis
16.7.3.1 Net Revenue, 2020-2024
16.7.3.2 R&D, 2020-2024
16.7.3.3 Regional Market Shares, 2024
16.7.3.4 Business Segment Market Shares, 2024
16.7.4 Product Benchmarking
16.7.5 Strategic Outlook
16.7.6 SWOT Analysis
16.8 MAXAM Corporation
16.8.1 Company Snapshot
16.8.2 Company Overview
16.8.3 Product Benchmarking
16.8.4 Strategic Outlook
16.9 Rheinmetall Defence
16.9.1 Company Snapshot
16.9.2 Company Overview
16.9.3 Financial Analysis
16.9.3.1 Net Revenue, 2020-2024
16.9.3.2 R&D, 2020-2024
16.9.3.3 Regional Market Shares, 2024
16.9.3.4 Business Segment Market Shares, 2024
16.9.4 Product Benchmarking
16.9.5 Strategic Outlook
16.9.6 SWOT Analysis
16.10 Olin Corporation
16.10.1 Company Snapshot
16.10.2 Company Overview
16.10.3 Financial Analysis
16.10.3.1 Net Revenue, 2020-2024
16.10.3.2 Regional Market Shares, 2024
16.10.3.3 Business Segment Market Shares, 2024
16.10.4 Product Benchmarking
16.10.5 Strategic Outlook
16.11 Forcit Group
16.11.1 Company Snapshot
16.11.2 Company Overview
16.11.3 Financial Analysis
16.11.3.1 Net Revenue, 2020-2024
16.11.3.2 Business Segment Market Shares, 2024
16.11.4 Product Benchmarking
16.11.5 Strategic Outlook
16.12 Solar Group
16.12.1 Company Snapshot
16.12.2 Company Overview
16.12.3 Financial Analysis
16.12.3.1 Net Revenue, 2020-2024
16.12.3.2 Regional Market Shares, 2024
16.12.4 Product Benchmarking
16.12.5 Strategic Outlook
16.13 Yugoimport SDPR
16.13.1 Company Snapshot
16.13.2 Company Overview
16.13.3 Product Benchmarking
16.13.4 Strategic Outlook
16.14 NITRO-CHEM S.A.
16.14.1 Company Snapshot
16.14.2 Company Overview
16.14.3 Product Benchmarking
16.14.4 Strategic Outlook
16.15 Incitech Pivot Limited (Dyno Nobel Limited)
16.15.1 Company Snapshot
16.15.2 Company Overview
16.15.3 Financial Analysis
16.15.3.1 Net Revenue, 2020-2024
16.15.3.2 Regional Market Shares, 2024
16.15.3.3 Business Segment Market Shares, 2024
16.15.4 Product Benchmarking
16.15.5 Strategic Outlook
16.16 Orica Limited
16.16.1 Company Snapshot
16.16.2 Company Overview
16.16.3 Financial Analysis
16.16.3.1 Net Revenue, 2020-2024
16.16.3.2 Regional Market Shares, 2024
16.16.3.3 Business Segment Market Shares, 2024
16.16.4 Product Benchmarking
16.16.5 Strategic Outlook
16.17 AECI (African Explosives and Chemical Industries) Limited
16.17.1 Company Snapshot
16.17.2 Company Overview
16.17.3 Financial Analysis
16.17.3.1 Net Revenue, 2020-2024
16.17.3.2 Regional Market Shares, 2024
16.17.3.3 Business Segment Market Shares, 2024
16.17.4 Product Benchmarking
16.17.5 Strategic Outlook
16.18 Hanwha Corporation
16.18.1 Company Snapshot
16.18.2 Company Overview
16.18.3 Financial Analysis
16.18.3.1 Net Revenue, 2020-2024
16.18.4 Product Benchmarking
16.18.5 Strategic Outlook
16.18.6 SWOT Analysis
16.19 Sasol Limited
16.19.1 Company Snapshot
16.19.2 Company Overview
16.19.3 Financial Analysis
16.19.3.1 Net Revenue, 2020-2024
16.19.3.2 Regional Market Shares, 2024
16.19.3.3 Business Segment Market Shares, 2024
16.19.4 Product Benchmarking

17 Conclusion and Recommendations

17.1 Concluding Remarks
17.2 Recommendations for Market Players

List of Tables

Table 1 Explosives and Propellants Market Snapshot, 2025 & 2035 (US$ Million, CAGR %)
Table 2 Explosives and Propellants Market: International Trade Tariff Impact Recovery Scenarios Snapshot
Table 3 Explosives and Propellants Market Forecast by Region 2025-2035 (US$ Million, AGR%, CAGR%), Tariff Impact: V- Shaped Recovery Scenario
Table 4 Explosives and Propellants Market Forecast by Region 2025-2035 (US$ Million, AGR%, CAGR%), Tariff Impact: U- Shaped Recovery Scenario
Table 5 Explosives and Propellants Market Forecast by Region 2025-2035 (US$ Million, AGR%, CAGR%), Tariff Impact: L- Shaped Recovery Scenario
Table 6 Explosives and Propellants Market Forecast by Application, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 7 Commercial Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 8 Military Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 9 Civilian Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 10 Safety Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 11 Explosives and Propellants Market Forecast by Type, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 12 Propellants Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 13 Explosives Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 14 Explosives and Propellants Market Forecast by Propellant Applications, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 15 Gun Propellant Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 16 Rocket Propellant Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 17 Explosives and Propellants Market Forecast by Gun Propellant, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 18 Single Base (Nitrocellulose) Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 19 Double Base (NC + NG) Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 20 Triple Base (NC + NG + NQ) Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 21 Explosives and Propellants Market Forecast by Rocket Propellant Types, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 22 Solid Rocket Propellant Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 23 Liquid Rocket Propellant Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 24 Explosives and Propellants Market Forecast by Explosive Types, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 25 High Explosive (RDX, TNT, and HMX) Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 26 Low Explosives Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 27 Other Explosives (DNAN and NTE) Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 28 Explosives and Propellants Market Forecast by Region, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 29 North America Explosives and Propellants Market Forecast by Country, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 30 North America Explosives and Propellants Market Forecast by Applications, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 31 North America Explosives and Propellants Market Forecast by Type, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 32 North America Explosives and Propellants Market Forecast by Propellant Applications, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 33 North America Explosives and Propellants Market Forecast by Gun Propellant, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 34 North America Explosives and Propellants Market Forecast by Rocket Propellant Types, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 35 North America Explosives and Propellants Market Forecast by Explosive Types, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 36 U.S. Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 37 Canada Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 38 Europe Explosives and Propellants Market Forecast by Country, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 39 Europe Explosives and Propellants Market Forecast by Applications, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 40 Europe Explosives and Propellants Market Forecast by Type, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 41 Europe Explosives and Propellants Market Forecast by Propellant Applications, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 42 Europe Explosives and Propellants Market Forecast by Gun Propellant, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 43 Europe Explosives and Propellants Market Forecast by Rocket Propellant Types, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 44 Europe Explosives and Propellants Market Forecast by Explosive Types, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 45 Germany Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 46 UK Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 47 France Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 48 Italy Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 49 Spain Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 50 Russia Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 51 Rest of Europe Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 52 Asia Pacific Explosives and Propellants Market Forecast by Country, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 53 Asia Pacific Explosives and Propellants Market Forecast by Applications, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 54 Asia Pacific Explosives and Propellants Market Forecast by Type, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 55 Asia Pacific Explosives and Propellants Market Forecast by Propellant Applications, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 56 Asia Pacific Explosives and Propellants Market Forecast by Gun Propellant, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 57 Asia Pacific Explosives and Propellants Market Forecast by Rocket Propellant Types, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 58 Asia Pacific Explosives and Propellants Market Forecast by Explosive Types, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 59 China Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 60 Japan Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 61 India Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 62 South Korea Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 63 Singapore Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 64 Australia Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 65 Rest of Asia Pacific Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 66 Latin America Explosives and Propellants Market Forecast by Country, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 67 Latin America Explosives and Propellants Market Forecast by Applications, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 68 Latin America Explosives and Propellants Market Forecast by Type, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 69 Latin America Explosives and Propellants Market Forecast by Propellant Applications, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 70 Latin America Explosives and Propellants Market Forecast by Gun Propellant, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 71 Latin America Explosives and Propellants Market Forecast by Rocket Propellant Types, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 72 Latin America Explosives and Propellants Market Forecast by Explosive Types, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 73 Brazil Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 74 Mexico Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 75 Argentina Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 76 Rest of Latin America Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 77 MEA Explosives and Propellants Market Forecast by Country, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 78 MEA Explosives and Propellants Market Forecast by Applications, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 79 MEA Explosives and Propellants Market Forecast by Type, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 80 MEA Explosives and Propellants Market Forecast by Propellant Applications, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 81 MEA Explosives and Propellants Market Forecast by Gun Propellant, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 82 MEA Explosives and Propellants Market Forecast by Rocket Propellant Types, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 83 MEA Explosives and Propellants Market Forecast by Explosive Types, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 84 GCC Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 85 South Africa Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 86 Rest of MEA Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR%, CAGR%)
Table 87 Strategic Outlook
Table 88 Explosia a.s.: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 89 Explosia a.s.: Product Benchmarking
Table 90 Explosia a.s.: Strategic Outlook
Table 91 Pakistan Ordnance Factories (POF): Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 92 Pakistan Ordnance Factories (POF): Product Benchmarking
Table 93 Pakistan Ordnance Factories (POF): Strategic Outlook
Table 94 Australian Munitions: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 95 Australian Munitions: Product Benchmarking
Table 96 Australian Munitions: Strategic Outlook
Table 97 Eurenco: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 98 Eurenco: Product Benchmarking
Table 99 Eurenco: Strategic Outlook
Table 100 General Dynamics Corporation: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 101 General Dynamics Corporation: Product Benchmarking
Table 102 General Dynamics Corporation: Strategic Outlook
Table 103 MAXAM Corporation: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 104 MAXAM Corporation: Product Benchmarking
Table 105 MAXAM Corporation: Strategic Outlook
Table 106 Rheinmetall Defence: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 107 Rheinmetall Defence: Product Benchmarking
Table 108 Rheinmetall Defence: Strategic Outlook
Table 109 Olin: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 110 Olin Corporation: Product Benchmarking
Table 111 Olin Corporation: Strategic Outlook
Table 112 Forcit: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 113 Forcit Group: Product Benchmarking
Table 114 Forcit Group: Strategic Outlook
Table 115 Solar Group: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 116 Solar Group: Product Benchmarking
Table 117 Solar Group: Strategic Outlook
Table 118 Yugoimport SDPR: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 119 Yugoimport-SDPR Factories (POF): Product Benchmarking
Table 120 Yugoimport SDPR: Strategic Outlook
Table 121 NITRO-CHEM S.A. Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 122 NITRO-CHEM S.A.: Product Benchmarking
Table 123 NITRO-CHEM S.A.: Strategic Outlook
Table 124 Dyno Nobel Limited: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 125 Dyno Nobel Limited: Product Benchmarking
Table 126 Dyno Nobel Limited: Strategic Outlook
Table 127 Orica Limited: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 128 Orica Limited: Product Benchmarking
Table 129 Orica Limited: Strategic Outlook
Table 130 AECI Limited: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 131 AECI Limited: Product Benchmarking
Table 132 AECI Limited: Strategic Outlook
Table 133 Hanwha Corporation: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 134 Hanwha Corporation: Product Benchmarking
Table 135 Hanwha Corporation: Strategic Outlook
Table 136 Sasol Limited: Key Details, (CEO, HQ, Revenue, Founded, No. of Employees, Company Type, Website, Business Segment)
Table 137 Sasol Limited: Product Benchmarking

List of Figures

Figure 1 Explosives and Propellants Market Segmentation
Figure 2 Explosives and Propellants Market by Applications: Market Attractiveness Index
Figure 3 Explosives and Propellants Market Attractiveness Index by Type
Figure 4 Explosives and Propellants Market Attractiveness Index by Propellant Applications
Figure 5 Explosives and Propellants Market Attractiveness Index by Gun Propellant
Figure 6 Explosives and Propellants Market Attractiveness Index by Rocket Propellant Types
Figure 7 Explosives and Propellants Market Attractiveness Index by Explosive Types
Figure 8 Explosives and Propellants Market Attractiveness Index by Region
Figure 9 Explosives and Propellants Market: Market Dynamics
Figure 10 Explosives and Propellants Market: Impact Analysis
Figure 11 Explosives and Propellants Market by Region, 2025-2035 (US$ Million, AGR %), Tariff Impact: V-Shaped Recovery Scenario
Figure 12 Explosives and Propellants Market by Region, 2025-2035 (US$ Million, AGR %), Tariff Impact: U-Shaped Recovery Scenario
Figure 13 Explosives and Propellants Market by Region, 2025-2035 (US$ Million, AGR %), Tariff Impact: L-Shaped Recovery Scenario
Figure 14 Impact of U.S. and China Trade War
Figure 15 Explosives and Propellants Market: Porter's Five Forces Analysis
Figure 16 Explosives and Propellants Market: PEST Analysis
Figure 17 Explosives and Propellants Market by Applications: Market Attractiveness Index
Figure 18 Explosives and Propellants Market Forecast by Application, 2025-2035 (US$ Million, AGR %)
Figure 19 Explosives and Propellants Market Share Forecast by Application, 2025, 2030, 2035 (%)
Figure 20 Commercial Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR %
Figure 21 Commercial Segment Market Share Forecast by Region, 2025 & 2035 (%)
Figure 22 Military Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR %)
Figure 23 Military Segment Market Share Forecast by Region, 2025 & 2035 (%)
Figure 24 Civilian Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR %)
Figure 25 Civilian Segment Market Share Forecast by Region, 2025 & 2035 (%)
Figure 26 Safety Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR %)
Figure 27 Safety Segment Market Share Forecast by Region, 2025 & 2035 (%)
Figure 28 Explosives and Propellants Market by Type: Market Attractiveness Index
Figure 29 Explosives and Propellants Market Forecast by Type, 2025-2035 (US$ Million, AGR %)
Figure 30 Explosives and Propellants Market Share Forecast by Type, 2025, 2030, 2035 (%)
Figure 31 Propellants Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR %)
Figure 32 Propellants Segment Market Share Forecast by Region, 2025 & 2035 (%)
Figure 33 Explosives Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR %)
Figure 34 Explosives Segment Market Share Forecast by Region, 2025 & 2035 (%)
Figure 35 Explosives and Propellants Market by Propellant Applications: Market Attractiveness Index
Figure 36 Explosives and Propellants Market Forecast by Propellant Applications, 2025-2035 (US$ Million, AGR %)
Figure 37 Explosives and Propellants Market Share Forecast by Propellant Applications, 2025, 2030, 2035 (%)
Figure 38 Gun Propellant Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR %)
Figure 39 Gun Propellant Segment Market Share Forecast by Region, 2025 & 2035 (%)
Figure 40 Rocket Propellant Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR %)
Figure 41 Rocket Propellant Segment Market Share Forecast by Region, 2025 & 2035 (%)
Figure 42 Explosives and Propellants Market by Gun Propellant: Market Attractiveness Index
Figure 43 Explosives and Propellants Market Forecast by Gun Propellant, 2025-2035 (US$ Million, AGR %)
Figure 44 Explosives and Propellants Market Share Forecast by Gun Propellant, 2025, 2030, 2035 (%)
Figure 45 Single Base (Nitrocellulose) Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR %)
Figure 46 Single Base (Nitrocellulose) Segment Market Share Forecast by Region, 2025 & 2035 (%)
Figure 47 Double Base (NC + NG) Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR %)
Figure 48 Double Base (NC + NG) Segment Market Share Forecast by Region, 2025 & 2035 (%)
Figure 49 Triple Base (NC + NG + NQ) Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR %)
Figure 50 Triple Base (NC + NG + NQ) Segment Market Share Forecast by Region, 2025 & 2035 (%)
Figure 51 Explosives and Propellants Market by Rocket Propellant Types: Market Attractiveness Index
Figure 52 Explosives and Propellants Market Forecast by Rocket Propellant Types, 2025-2035 (US$ Million, AGR %)
Figure 53 Explosives and Propellants Market Share Forecast by Rocket Propellant Types, 2025, 2030, 2035 (%)
Figure 54 Solid Rocket Propellant Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR %)
Figure 55 Solid Rocket Propellant Segment Market Share Forecast by Region, 2025 & 2035 (%)
Figure 56 Liquid Rocket Propellant Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR %)
Figure 57 Liquid Rocket Propellant Segment Market Share Forecast by Region, 2025 & 2035 (%)
Figure 58 Explosives and Propellants Market by Explosive Types: Market Attractiveness Index
Figure 59 Explosives and Propellants Market Forecast by Explosive Types, 2025-2035 (US$ Million, AGR %)
Figure 60 Explosives and Propellants Market Share Forecast by Explosive Types, 2025, 2030, 2035 (%)
Figure 61 High Explosive (RDX, TNT, and HMX) Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR %)
Figure 62 High Explosive (RDX, TNT, and HMX) Segment Market Share Forecast by Region, 2025 & 2035 (%)
Figure 63 Low Explosives Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR %)
Figure 64 Low Explosives Segment Market Share Forecast by Region, 2025 & 2035 (%)
Figure 65 Other Explosives (DNAN and NTE) Segment Market Forecast by Region, 2025-2035 (US$ Million, AGR %)
Figure 66 Other Explosives (DNAN and NTE) Segment Market Share Forecast by Region, 2025 & 2035 (%)
Figure 67 Explosives and Propellants Market Forecast by Region 2024 and 2034 (Revenue, CAGR%)
Figure 68 Explosives and Propellants Market Share Forecast by Region 2025, 2030, 2035 (%)
Figure 69 Explosives and Propellants Market by Region, 2025-2035 (US$ Million, AGR %)
Figure 70 North America Explosives and Propellants Market Attractiveness Index
Figure 71 North America Explosives and Propellants Market by Region, 2025, 2030 & 2035 (US$ Million)
Figure 72 North America Explosives and Propellants Market Forecast by Country, 2025-2035 (US$ Million, AGR %)
Figure 73 North America Explosives and Propellants Market Share Forecast by Country, 2025 & 2035 (%)
Figure 74 North America Explosives and Propellants Market Forecast by Applications, 2025-2035 (US$ Million, AGR %)
Figure 75 North America Explosives and Propellants Market Share Forecast by Applications, 2025 & 2035 (%)
Figure 76 North America Explosives and Propellants Market Forecast by Type, 2025-2035 (US$ Million, AGR %)
Figure 77 North America Explosives and Propellants Market Share Forecast by Type, 2025 & 2035 (%)
Figure 78 North America Explosives and Propellants Market Forecast by Propellant Applications, 2025-2035 (US$ Million, AGR %)
Figure 79 North America Explosives and Propellants Market Share Forecast by Propellant Applications, 2025 & 2035 (%)
Figure 80 North America Explosives and Propellants Market Forecast by Gun Propellant, 2025-2035 (US$ Million, AGR %)
Figure 81 North America Explosives and Propellants Market Share Forecast by Gun Propellant, 2025 & 2035 (%)
Figure 82 North America Explosives and Propellants Market Forecast by Rocket Propellant Types, 2025-2035 (US$ Million, AGR %)
Figure 83 North America Explosives and Propellants Market Share Forecast by Rocket Propellant Types, 2025 & 2035 (%)
Figure 84 North America Explosives and Propellants Market Forecast by Explosive Types, 2025-2035 (US$ Million, AGR %)
Figure 85 North America Explosives and Propellants Market Share Forecast by Explosive Types, 2025 & 2035 (%)
Figure 86 U.S. Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 87 Canada Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 88 Europe Explosives and Propellants Market Attractiveness Index
Figure 89 Europe Explosives and Propellants Market by Region, 2025, 2030 & 2035 (US$ Million)
Figure 90 Europe Explosives and Propellants Market Forecast by Country, 2025-2035 (US$ Million, AGR %)
Figure 91 Europe Explosives and Propellants Market Share Forecast by Country, 2025 & 2035 (%)
Figure 92 Europe Explosives and Propellants Market Forecast by Applications, 2025-2035 (US$ Million, AGR %)
Figure 93 Europe Explosives and Propellants Market Share Forecast by Applications, 2025 & 2035 (%)
Figure 94 Europe Explosives and Propellants Market Forecast by Type, 2025-2035 (US$ Million, AGR %)
Figure 95 Europe Explosives and Propellants Market Share Forecast by Type, 2025 & 2035 (%)
Figure 96 Europe Explosives and Propellants Market Forecast by Propellant Applications, 2025-2035 (US$ Million, AGR %)
Figure 97 Europe Explosives and Propellants Market Share Forecast by Propellant Applications, 2025 & 2035 (%)
Figure 98 Europe Explosives and Propellants Market Forecast by Gun Propellant, 2025-2035 (US$ Million, AGR %)
Figure 99 Europe Explosives and Propellants Market Share Forecast by Gun Propellant, 2025 & 2035 (%)
Figure 100 Europe Explosives and Propellants Market Forecast by Rocket Propellant Types, 2025-2035 (US$ Million, AGR %)
Figure 101 Europe Explosives and Propellants Market Share Forecast by Rocket Propellant Types, 2025 & 2035 (%)
Figure 102 Europe Explosives and Propellants Market Forecast by Explosive Types, 2025-2035 (US$ Million, AGR %)
Figure 103 Europe Explosives and Propellants Market Share Forecast by Explosive Types, 2025 & 2035 (%)
Figure 104 Germany Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 105 UK Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 106 France Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 107 Italy Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 108 Spain Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 109 Russia Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 110 Rest of Europe Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 111 Asia Pacific Explosives and Propellants Market Attractiveness Index
Figure 112 Asia Pacific Explosives and Propellants Market by Region, 2025, 2030 & 2035 (US$ Million)
Figure 113 Asia Pacific Explosives and Propellants Market Forecast by Country, 2025-2035 (US$ Million, AGR %)
Figure 114 Asia Pacific Explosives and Propellants Market Share Forecast by Country, 2025 & 2035 (%)
Figure 115 Asia Pacific Explosives and Propellants Market Forecast by Applications, 2025-2035 (US$ Million, AGR %)
Figure 116 Asia Pacific Explosives and Propellants Market Share Forecast by Applications, 2025 & 2035 (%)
Figure 117 Asia Pacific Explosives and Propellants Market Forecast by Type, 2025-2035 (US$ Million, AGR %)
Figure 118 Asia Pacific Explosives and Propellants Market Share Forecast by Type, 2025 & 2035 (%)
Figure 119 Asia Pacific Explosives and Propellants Market Forecast by Propellant Applications, 2025-2035 (US$ Million, AGR %)
Figure 120 Asia Pacific Explosives and Propellants Market Share Forecast by Propellant Applications, 2025 & 2035 (%)
Figure 121 Asia Pacific Explosives and Propellants Market Forecast by Gun Propellant, 2025-2035 (US$ Million, AGR %)
Figure 122 Asia Pacific Explosives and Propellants Market Share Forecast by Gun Propellant, 2025 & 2035 (%)
Figure 123 Asia Pacific Explosives and Propellants Market Forecast by Rocket Propellant Types, 2025-2035 (US$ Million, AGR %)
Figure 124 Asia Pacific Explosives and Propellants Market Share Forecast by Rocket Propellant Types, 2025 & 2035 (%)
Figure 125 Asia Pacific Explosives and Propellants Market Forecast by Explosive Types, 2025-2035 (US$ Million, AGR %)
Figure 126 Asia Pacific Explosives and Propellants Market Share Forecast by Explosive Types, 2025 & 2035 (%)
Figure 127 China Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 128 Japan Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 129 India Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 130 South Korea Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 131 Singapore Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 132 Australia Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 133 Rest of Asia Pacific Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 134 Latin America Explosives and Propellants Market Attractiveness Index
Figure 135 Latin America Explosives and Propellants Market by Region, 2025, 2030 & 2035 (US$ Million)
Figure 136 Latin America Explosives and Propellants Market Forecast by Country, 2025-2035 (US$ Million, AGR %)
Figure 137 Latin America Explosives and Propellants Market Share Forecast by Country, 2025 & 2035 (%)
Figure 138 Latin America Explosives and Propellants Market Forecast by Applications, 2025-2035 (US$ Million, AGR %)
Figure 139 Latin America Explosives and Propellants Market Share Forecast by Applications, 2025 & 2035 (%)
Figure 140 Latin America Explosives and Propellants Market Forecast by Type, 2025-2035 (US$ Million, AGR %)
Figure 141 Latin America Explosives and Propellants Market Share Forecast by Type, 2025 & 2035 (%)
Figure 142 Latin America Explosives and Propellants Market Forecast by Propellant Applications, 2025-2035 (US$ Million, AGR %)
Figure 143 Latin America Explosives and Propellants Market Share Forecast by Propellant Applications, 2025 & 2035 (%)
Figure 144 Latin America Explosives and Propellants Market Forecast by Gun Propellant, 2025-2035 (US$ Million, AGR %)
Figure 145 Latin America Explosives and Propellants Market Share Forecast by Gun Propellant, 2025 & 2035 (%)
Figure 146 Latin America Explosives and Propellants Market Forecast by Rocket Propellant Types, 2025-2035 (US$ Million, AGR %)
Figure 147 Latin America Explosives and Propellants Market Share Forecast by Rocket Propellant Types, 2025 & 2035 (%)
Figure 148 Latin America Explosives and Propellants Market Forecast by Explosive Types, 2025-2035 (US$ Million, AGR %)
Figure 149 Latin America Explosives and Propellants Market Share Forecast by Explosive Types, 2025 & 2035 (%)
Figure 150 Brazil Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 151 Mexico Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 152 Argentina Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 153 Rest of Latin America Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 154 MEA Explosives and Propellants Market Attractiveness Index
Figure 155 MEA Explosives and Propellants Market by Region, 2025, 2030 & 2035 (US$ Million)
Figure 156 MEA Explosives and Propellants Market Forecast by Country, 2025-2035 (US$ Million, AGR %)
Figure 157 MEA Explosives and Propellants Market Share Forecast by Country, 2025 & 2035 (%)
Figure 158 MEA Explosives and Propellants Market Forecast by Applications, 2025-2035 (US$ Million, AGR %)
Figure 159 MEA Explosives and Propellants Market Share Forecast by Applications, 2025 & 2035 (%)
Figure 160 MEA Explosives and Propellants Market Forecast by Type, 2025-2035 (US$ Million, AGR %)
Figure 161 MEA Explosives and Propellants Market Share Forecast by Type, 2025 & 2035 (%)
Figure 162 MEA Explosives and Propellants Market Forecast by Propellant Applications, 2025-2035 (US$ Million, AGR %)
Figure 163 MEA Explosives and Propellants Market Share Forecast by Propellant Applications, 2025 & 2035 (%)
Figure 164 MEA Explosives and Propellants Market Forecast by Gun Propellant, 2025-2035 (US$ Million, AGR %)
Figure 165 MEA Explosives and Propellants Market Share Forecast by Gun Propellant, 2025 & 2035 (%)
Figure 166 MEA Explosives and Propellants Market Forecast by Rocket Propellant Types, 2025-2035 (US$ Million, AGR %)
Figure 167 MEA Explosives and Propellants Market Share Forecast by Rocket Propellant Types, 2025 & 2035 (%)
Figure 168 MEA Explosives and Propellants Market Forecast by Explosive Types, 2025-2035 (US$ Million, AGR %)
Figure 169 MEA Explosives and Propellants Market Share Forecast by Explosive Types, 2025 & 2035 (%)
Figure 170 GCC Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 171 South Africa Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 172 Rest of MEA Explosives and Propellants Market Forecast, 2025-2035 (US$ Million, AGR %)
Figure 173 Explosives and Propellants Market: Company Share, 2024
Figure 174 General Dynamics Corporation: Net Revenue, 2020-2024 (US$ Million, AGR%)
Figure 175 General Dynamics Corporation: R&D, 2020-2024 (US$ Million, AGR%)
Figure 176 General Dynamics Corporation: Regional Market Shares, 2024
Figure 177 General Dynamics Corporation: Business Segment Market Shares, 2024
Figure 178 General Dynamics Corporation: SWOT Analysis
Figure 179 Rheinmetall Defence: Net Revenue, 2020-2024 (US$ Million, AGR%)
Figure 180 Rheinmetall Defence: R&D, 2020-2024 (US$ Million, AGR%)
Figure 181 Rheinmetall Defence: Regional Market Shares, 2024
Figure 182 Rheinmetall Defence: Business Segment Market Shares, 2024
Figure 183 Rheinmetall Defence: SWOT Analysis
Figure 184 Olin Corporation: Net Revenue, 2020-2024 (US$ Million, AGR%)
Figure 185 Olin Corporation: Regional Market Shares, 2024
Figure 186 Olin Corporation: Business Segment Market Shares, 2024
Figure 187 Forcit Group: Net Revenue, 2020-2024 (US$ Million, AGR%)
Figure 188 Forcit Group: Business Segment Market Shares, 2024
Figure 189 Solar Group: Net Revenue, 2020-2024 (US$ Million, AGR%)
Figure 190 Solar Group: Regional Market Shares, 2024
Figure 191 Dyno Nobel Limited: Net Revenue, 2020-2024 (US$ Million, AGR%)
Figure 192 Pakistan Ordnance Factories (POF): Regional Market Shares, 2024
Figure 193 Dyno Nobel Limited: Business Segment Market Shares, 2024
Figure 194 Orica Limited: Net Revenue, 2020-2024 (US$ Million, AGR%)
Figure 195 Orica Limited: Regional Market Shares, 2024
Figure 196 Orica Limited: Business Segment Market Shares, 2024
Figure 197 AECI Limited: Net Revenue, 2020-2024 (US$ Million, AGR%)
Figure 198 AECI Limited: Regional Market Shares, 2024
Figure 199 AECI Limited: Business Segment Market Shares, 2024
Figure 200 Hanwha Corporatioin: Net Revenue, 2020-2024 (US$ Million, AGR%)
Figure 201 Hanwha Corporation: SWOT Analysis
Figure 202 Sasol Limited: Net Revenue, 2020-2024 (US$ Million, AGR%)
Figure 203 Sasol Limited: Regional Market Shares, 2024
Figure 204 Sasol Limited: Business Segment Market Shares, 2024

Companies Mentioned

AECI Limited
Australian Munitions (Thales Australia Limited)
Dyno Nobel Limited
Eurenco
Explosia a.s.
Forcit Group
General Dynamics Corporation
Hanwha Corporation
MAXAM
NITRO-CHEM S.A.
Olin Corporation
Orica Limited
Pakistan Ordnance Factories
Rheinmetall AG
Sasol Limited
Solar Industries India Limited
Yugoimport–SDPR
AeroVironment
Austin Powder
Avio SpA
BAE Systems
Bharat Electronics Limited (BEL)
Chemring Group
Diehl Defence
Economic Explosives Limited (EEL)
Estes Energetics
Explomo Technical Services
Goex
Grupa Azoty
Israel Aerospace Industries (IAI)
Mesko
Munitions India Limited (MIL)
Polish Armaments Group
Reliance Infrastructure
Repkon USA
Resonant Holdings
Stascheit GmbH
Telerob
X-Bow Systems Inc.
Australian Department of Defence (DoD)
Canadian Explosives Research Laboratory (CERL)
Chemical Security Analysis Centre (CSAC)
Defence Acquisition Program Administration (DAPA)
Defence Ordnance Technology Consortium (DOTC)
Defence Threat Reduction Agency (DTRA)
European Chemicals Agency (ECHA)
European Defence Agency (EDA)
Indian Ministry of Defence (MoD)
International Ammunition Technical Guideline Group (IATG)
International Defence, Security and Technology (IDST)
International Institute for Strategic Studies (IISS)
National Institute for Occupational Safety and Health (NIOSH)
North Atlantic Treaty Organization – Support and Procurement Agency (NATO NSPA)
Occupational Safety and Health Administration (OSHA)
Petroleum and Explosives Safety Organisation (PESO)
U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF)
U.S. Department of Defence (DoD)
U.S. Environmental Protection Agency (EPA)
United Nations Office for Disarmament Affairs (UNODA)

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