Pyrotechnic Chemicals Market Report 2026

The pyrotechnic chemicals market size has grown strongly in recent years. It will grow from $2.48 billion in 2025 to $2.62 billion in 2026 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to traditional fireworks demand, reliance on chemical-based stage effects, limited automation in production, manual quality inspection processes, localized entertainment and festival applications.

The pyrotechnic chemicals market size is expected to see strong growth in the next few years. It will grow to $3.21 billion in 2030 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to growing demand for environmentally friendly pyrotechnics, increasing use in automotive safety systems like airbags, adoption of advanced display pyrotechnics for large events, integration of digital control systems, expansion in mining and industrial signaling applications. Major trends in the forecast period include development of eco-friendly pyrotechnic chemicals, automation in pyrotechnic manufacturing, use of ai for composition optimization, digital monitoring of production processes, smart sensors for safety and quality control.

The rising demand for fireworks is expected to drive the growth of the pyrotechnic chemicals market in the future. Fireworks are explosive devices created to produce visual and sound effects for entertainment, celebrations, or signaling through controlled pyrotechnic reactions. The increasing popularity of large public celebrations, cultural festivals, and private events like weddings and parties is boosting the demand for fireworks, as they enhance visual appeal and excitement. Pyrotechnic chemicals are essential components of fireworks, responsible for generating the colors, light, sound, and explosive effects that make displays spectacular. For example, in June 2024, Clarity Wealth Development, a US-based financial planning firm, reported that firework sales in the United States reached $2.3 billion in 2023, reflecting an increase of over $100 million from the previous year. Consequently, the growing demand for fireworks is fueling the expansion of the pyrotechnic chemicals market.

Key players in the pyrotechnic chemicals market are concentrating on creating innovative products such as fully lead-free non-electric detonators to improve safety and minimize environmental impact. Fully lead-free non-electric detonators are explosive initiation devices that function without electrical energy and contain no lead-based materials. For instance, in September 2023, Orica Limited, a US-based explosives company, introduced Exel Neo, the world’s first fully lead-free non-electric detonator range, manufactured in Sweden using a formulation free from lead and lead compounds, including in the pyrotechnic delay components. This new product line, based on Orica’s proven Non-Primary Explosives Detonator (NPED) technology, offers the same dependable performance as traditional Exel detonators while providing significant environmental and safety advantages, such as eliminating lead emissions and reducing health risks for workers. Exel Neo is suitable for use in civil infrastructure projects, surface and underground mining, and quarrying, and has been independently tested and certified for safety and accuracy, representing a significant advancement toward sustainable blasting solutions in the industry.

In August 2023, Rheinmetall AG, a Germany-based defense technology company offering solutions in weapons, ammunition, and automotive engineering, acquired Expal Systems S.A. for around $1.2 billion. Through this acquisition, Rheinmetall seeks to protect and reinforce its core operations in weapons, ammunition, and propellants while broadening its presence in Spain. Expal Systems S.A. is a Spain-based supplier of artillery ammunition, mortar and medium-caliber rounds, fuzes, and rocket propulsion systems, frequently providing complete “full shot” solutions that cover components from propellant to fuze.

Major companies operating in the pyrotechnic chemicals market report are Sasol Limited, Hanwha Corp., Orica Mining Services, Supreme Fireworks, Ikaros, HFI Pyrotechnics Inc., Austin Powder Company, Chemring Group, Inctec Pivot, Pyro Company Fireworks, Titanobel SAS, Wescom Group, Lalizas, Solar Industries India, Howard & Sons, Comet Marine, Zambelli Fireworks, Nemoto & Co. Ltd., GloTech International, Melrose Pyrotechnics.

Asia-Pacific was the largest region in the pyrotechnic chemicals market in 2025. The regions covered in the pyrotechnic chemicals market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pyrotechnic chemicals market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The pyrotechnic chemicals market consists of sales of black powder, metallic fuels, oxidizers, coloring agents, binders, and stabilizers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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