Report Detail

According to our (Global Info Research) latest study, the global Military Propellants and Explosives market size was valued at US$ 4056 million in 2025 and is forecast to a readjusted size of US$ 4944 million by 2032 with a CAGR of 2.9% during review period.
Military propellants and explosives are substances specifically designed for use in military applications, typically for propelling projectiles, launching rockets, powering weapons systems, or causing explosions. These materials are engineered to provide controlled release of energy with specific characteristics such as high energy density, stability, and reliability under various conditions.
Major global manufacturers of Military Propellants and Explosives include General Dynamics, Rheinmetall Defense, BAE Systems, Eurenco, Solar Group, Explosia, Chemring Nobel, etc. The top three manufacturers account for approximately 20% of the global share. North America is the world's largest market, accounting for nearly 34% of the market.
In terms of product type, military propellants occupy a dominant position, accounting for 82% of the total. At the same time, in terms of application, defense is the largest application field, accounting for 76%.
This report is a detailed and comprehensive analysis for global Military Propellants and Explosives market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Military Propellants and Explosives market size and forecasts, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2021-2032
Global Military Propellants and Explosives market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2021-2032
Global Military Propellants and Explosives market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2021-2032
Global Military Propellants and Explosives market shares of main players, shipments in revenue ($ Million), sales quantity (MT), and ASP (USD/MT), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Military Propellants and Explosives
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Military Propellants and Explosives market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include General Dynamics, Rheinmetall Defence, BAE Systems, Eurenco, Solar Group, Explosia, Chemring Nobel, Pakistan Ordnance Factories, Australian Munitions, Forcit, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Military Propellants and Explosives market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Military Propellants
Military Explosives
Market segment by Application
Aerospace
Defense
Major players covered
General Dynamics
Rheinmetall Defence
BAE Systems
Eurenco
Solar Group
Explosia
Chemring Nobel
Pakistan Ordnance Factories
Australian Munitions
Forcit
Prva Iskra
Poongsan Defense
Liming Research Institute of Chemical Industry
China North Industries Corporation (NORINCO)
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Military Propellants and Explosives product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Military Propellants and Explosives, with price, sales quantity, revenue, and global market share of Military Propellants and Explosives from 2021 to 2026.
Chapter 3, the Military Propellants and Explosives competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Military Propellants and Explosives breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Military Propellants and Explosives market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Military Propellants and Explosives.
Chapter 14 and 15, to describe Military Propellants and Explosives sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Military Propellants and Explosives Consumption Value by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 Military Propellants
    • 1.3.3 Military Explosives
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Military Propellants and Explosives Consumption Value by Application: 2021 Versus 2025 Versus 2032
    • 1.4.2 Aerospace
    • 1.4.3 Defense
  • 1.5 Global Military Propellants and Explosives Market Size & Forecast
    • 1.5.1 Global Military Propellants and Explosives Consumption Value (2021 & 2025 & 2032)
    • 1.5.2 Global Military Propellants and Explosives Sales Quantity (2021-2032)
    • 1.5.3 Global Military Propellants and Explosives Average Price (2021-2032)

2 Manufacturers Profiles

  • 2.1 General Dynamics
    • 2.1.1 General Dynamics Details
    • 2.1.2 General Dynamics Major Business
    • 2.1.3 General Dynamics Military Propellants and Explosives Product and Services
    • 2.1.4 General Dynamics Military Propellants and Explosives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 General Dynamics Recent Developments/Updates
  • 2.2 Rheinmetall Defence
    • 2.2.1 Rheinmetall Defence Details
    • 2.2.2 Rheinmetall Defence Major Business
    • 2.2.3 Rheinmetall Defence Military Propellants and Explosives Product and Services
    • 2.2.4 Rheinmetall Defence Military Propellants and Explosives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 Rheinmetall Defence Recent Developments/Updates
  • 2.3 BAE Systems
    • 2.3.1 BAE Systems Details
    • 2.3.2 BAE Systems Major Business
    • 2.3.3 BAE Systems Military Propellants and Explosives Product and Services
    • 2.3.4 BAE Systems Military Propellants and Explosives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 BAE Systems Recent Developments/Updates
  • 2.4 Eurenco
    • 2.4.1 Eurenco Details
    • 2.4.2 Eurenco Major Business
    • 2.4.3 Eurenco Military Propellants and Explosives Product and Services
    • 2.4.4 Eurenco Military Propellants and Explosives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 Eurenco Recent Developments/Updates
  • 2.5 Solar Group
    • 2.5.1 Solar Group Details
    • 2.5.2 Solar Group Major Business
    • 2.5.3 Solar Group Military Propellants and Explosives Product and Services
    • 2.5.4 Solar Group Military Propellants and Explosives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 Solar Group Recent Developments/Updates
  • 2.6 Explosia
    • 2.6.1 Explosia Details
    • 2.6.2 Explosia Major Business
    • 2.6.3 Explosia Military Propellants and Explosives Product and Services
    • 2.6.4 Explosia Military Propellants and Explosives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 Explosia Recent Developments/Updates
  • 2.7 Chemring Nobel
    • 2.7.1 Chemring Nobel Details
    • 2.7.2 Chemring Nobel Major Business
    • 2.7.3 Chemring Nobel Military Propellants and Explosives Product and Services
    • 2.7.4 Chemring Nobel Military Propellants and Explosives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 Chemring Nobel Recent Developments/Updates
  • 2.8 Pakistan Ordnance Factories
    • 2.8.1 Pakistan Ordnance Factories Details
    • 2.8.2 Pakistan Ordnance Factories Major Business
    • 2.8.3 Pakistan Ordnance Factories Military Propellants and Explosives Product and Services
    • 2.8.4 Pakistan Ordnance Factories Military Propellants and Explosives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 Pakistan Ordnance Factories Recent Developments/Updates
  • 2.9 Australian Munitions
    • 2.9.1 Australian Munitions Details
    • 2.9.2 Australian Munitions Major Business
    • 2.9.3 Australian Munitions Military Propellants and Explosives Product and Services
    • 2.9.4 Australian Munitions Military Propellants and Explosives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 Australian Munitions Recent Developments/Updates
  • 2.10 Forcit
    • 2.10.1 Forcit Details
    • 2.10.2 Forcit Major Business
    • 2.10.3 Forcit Military Propellants and Explosives Product and Services
    • 2.10.4 Forcit Military Propellants and Explosives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 Forcit Recent Developments/Updates
  • 2.11 Prva Iskra
    • 2.11.1 Prva Iskra Details
    • 2.11.2 Prva Iskra Major Business
    • 2.11.3 Prva Iskra Military Propellants and Explosives Product and Services
    • 2.11.4 Prva Iskra Military Propellants and Explosives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.11.5 Prva Iskra Recent Developments/Updates
  • 2.12 Poongsan Defense
    • 2.12.1 Poongsan Defense Details
    • 2.12.2 Poongsan Defense Major Business
    • 2.12.3 Poongsan Defense Military Propellants and Explosives Product and Services
    • 2.12.4 Poongsan Defense Military Propellants and Explosives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.12.5 Poongsan Defense Recent Developments/Updates
  • 2.13 Liming Research Institute of Chemical Industry
    • 2.13.1 Liming Research Institute of Chemical Industry Details
    • 2.13.2 Liming Research Institute of Chemical Industry Major Business
    • 2.13.3 Liming Research Institute of Chemical Industry Military Propellants and Explosives Product and Services
    • 2.13.4 Liming Research Institute of Chemical Industry Military Propellants and Explosives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.13.5 Liming Research Institute of Chemical Industry Recent Developments/Updates
  • 2.14 China North Industries Corporation (NORINCO)
    • 2.14.1 China North Industries Corporation (NORINCO) Details
    • 2.14.2 China North Industries Corporation (NORINCO) Major Business
    • 2.14.3 China North Industries Corporation (NORINCO) Military Propellants and Explosives Product and Services
    • 2.14.4 China North Industries Corporation (NORINCO) Military Propellants and Explosives Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.14.5 China North Industries Corporation (NORINCO) Recent Developments/Updates

3 Competitive Environment: Military Propellants and Explosives by Manufacturer

  • 3.1 Global Military Propellants and Explosives Sales Quantity by Manufacturer (2021-2026)
  • 3.2 Global Military Propellants and Explosives Revenue by Manufacturer (2021-2026)
  • 3.3 Global Military Propellants and Explosives Average Price by Manufacturer (2021-2026)
  • 3.4 Market Share Analysis (2025)
    • 3.4.1 Producer Shipments of Military Propellants and Explosives by Manufacturer Revenue ($MM) and Market Share (%): 2025
    • 3.4.2 Top 3 Military Propellants and Explosives Manufacturer Market Share in 2025
    • 3.4.3 Top 6 Military Propellants and Explosives Manufacturer Market Share in 2025
  • 3.5 Military Propellants and Explosives Market: Overall Company Footprint Analysis
    • 3.5.1 Military Propellants and Explosives Market: Region Footprint
    • 3.5.2 Military Propellants and Explosives Market: Company Product Type Footprint
    • 3.5.3 Military Propellants and Explosives Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Military Propellants and Explosives Market Size by Region
    • 4.1.1 Global Military Propellants and Explosives Sales Quantity by Region (2021-2032)
    • 4.1.2 Global Military Propellants and Explosives Consumption Value by Region (2021-2032)
    • 4.1.3 Global Military Propellants and Explosives Average Price by Region (2021-2032)
  • 4.2 North America Military Propellants and Explosives Consumption Value (2021-2032)
  • 4.3 Europe Military Propellants and Explosives Consumption Value (2021-2032)
  • 4.4 Asia-Pacific Military Propellants and Explosives Consumption Value (2021-2032)
  • 4.5 South America Military Propellants and Explosives Consumption Value (2021-2032)
  • 4.6 Middle East & Africa Military Propellants and Explosives Consumption Value (2021-2032)

5 Market Segment by Type

  • 5.1 Global Military Propellants and Explosives Sales Quantity by Type (2021-2032)
  • 5.2 Global Military Propellants and Explosives Consumption Value by Type (2021-2032)
  • 5.3 Global Military Propellants and Explosives Average Price by Type (2021-2032)

6 Market Segment by Application

  • 6.1 Global Military Propellants and Explosives Sales Quantity by Application (2021-2032)
  • 6.2 Global Military Propellants and Explosives Consumption Value by Application (2021-2032)
  • 6.3 Global Military Propellants and Explosives Average Price by Application (2021-2032)

7 North America

  • 7.1 North America Military Propellants and Explosives Sales Quantity by Type (2021-2032)
  • 7.2 North America Military Propellants and Explosives Sales Quantity by Application (2021-2032)
  • 7.3 North America Military Propellants and Explosives Market Size by Country
    • 7.3.1 North America Military Propellants and Explosives Sales Quantity by Country (2021-2032)
    • 7.3.2 North America Military Propellants and Explosives Consumption Value by Country (2021-2032)
    • 7.3.3 United States Market Size and Forecast (2021-2032)
    • 7.3.4 Canada Market Size and Forecast (2021-2032)
    • 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

  • 8.1 Europe Military Propellants and Explosives Sales Quantity by Type (2021-2032)
  • 8.2 Europe Military Propellants and Explosives Sales Quantity by Application (2021-2032)
  • 8.3 Europe Military Propellants and Explosives Market Size by Country
    • 8.3.1 Europe Military Propellants and Explosives Sales Quantity by Country (2021-2032)
    • 8.3.2 Europe Military Propellants and Explosives Consumption Value by Country (2021-2032)
    • 8.3.3 Germany Market Size and Forecast (2021-2032)
    • 8.3.4 France Market Size and Forecast (2021-2032)
    • 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
    • 8.3.6 Russia Market Size and Forecast (2021-2032)
    • 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

  • 9.1 Asia-Pacific Military Propellants and Explosives Sales Quantity by Type (2021-2032)
  • 9.2 Asia-Pacific Military Propellants and Explosives Sales Quantity by Application (2021-2032)
  • 9.3 Asia-Pacific Military Propellants and Explosives Market Size by Region
    • 9.3.1 Asia-Pacific Military Propellants and Explosives Sales Quantity by Region (2021-2032)
    • 9.3.2 Asia-Pacific Military Propellants and Explosives Consumption Value by Region (2021-2032)
    • 9.3.3 China Market Size and Forecast (2021-2032)
    • 9.3.4 Japan Market Size and Forecast (2021-2032)
    • 9.3.5 South Korea Market Size and Forecast (2021-2032)
    • 9.3.6 India Market Size and Forecast (2021-2032)
    • 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
    • 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

  • 10.1 South America Military Propellants and Explosives Sales Quantity by Type (2021-2032)
  • 10.2 South America Military Propellants and Explosives Sales Quantity by Application (2021-2032)
  • 10.3 South America Military Propellants and Explosives Market Size by Country
    • 10.3.1 South America Military Propellants and Explosives Sales Quantity by Country (2021-2032)
    • 10.3.2 South America Military Propellants and Explosives Consumption Value by Country (2021-2032)
    • 10.3.3 Brazil Market Size and Forecast (2021-2032)
    • 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

  • 11.1 Middle East & Africa Military Propellants and Explosives Sales Quantity by Type (2021-2032)
  • 11.2 Middle East & Africa Military Propellants and Explosives Sales Quantity by Application (2021-2032)
  • 11.3 Middle East & Africa Military Propellants and Explosives Market Size by Country
    • 11.3.1 Middle East & Africa Military Propellants and Explosives Sales Quantity by Country (2021-2032)
    • 11.3.2 Middle East & Africa Military Propellants and Explosives Consumption Value by Country (2021-2032)
    • 11.3.3 Turkey Market Size and Forecast (2021-2032)
    • 11.3.4 Egypt Market Size and Forecast (2021-2032)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
    • 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

  • 12.1 Military Propellants and Explosives Market Drivers
  • 12.2 Military Propellants and Explosives Market Restraints
  • 12.3 Military Propellants and Explosives Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Military Propellants and Explosives and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Military Propellants and Explosives
  • 13.3 Military Propellants and Explosives Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Military Propellants and Explosives Typical Distributors
  • 14.3 Military Propellants and Explosives Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Military Propellants and Explosives. Industry analysis & Market Report on Military Propellants and Explosives is a syndicated market report, published as Global Military Propellants and Explosives Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Military Propellants and Explosives market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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