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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
This report 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.
This report 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 . This report 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:
• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Indonesia
• Military Propellants
• Military Explosives
• Military
• Defense
• 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.
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.
1.1 Product Overview and Scope of Military Explosives and Propellants
1.2.1 Asia Pacific Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Military Propellants
1.2.3 Military Explosives
1.3.1 Asia Pacific Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Military
1.3.3 Defense
1.4 Asia Pacific Market Growth Prospects
1.4.1 Asia Pacific Revenue Estimates and Forecasts (2019-2030)
1.4.2 Asia Pacific Production Estimates and Forecasts (2019-2030)
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
3.1 Asia Pacific Production by Manufacturers (2019-2023)
3.2 Asia Pacific Revenue Market Share by Manufacturers (2019-2023)
3.3 Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Asia Pacific Average Price by Manufacturers (2019-2023)
3.5 Manufacturers Production Sites, Area Served, Product Type
3.6 Market Competitive Situation and Trends
3.6.1 Market Concentration Rate
3.6.2 Asia Pacific 5 and 10 Largest Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4.1 Asia Pacific Production
4.1.1 Asia Pacific Production YoY Growth Rate (2019-2023)
4.1.2 Asia Pacific Production, Revenue, Price and Gross Margin (2019-2024)
5.1 Asia Pacific
5.1.1 Asia Pacific Consumption by Country
5.1.2 Asia Pacific Sales, Consumption, Export, Import (2019-2023)
5.1.1 China
5.2.2 India
5.3.3 Japan
5.4.4 South Korea
5.5.5 Australia
5.6.6 Thailand
5.7.7 Indonesia
6.1 Asia Pacific Production Market Share by Type (2019-2024)
6.2 Asia Pacific Revenue Market Share by Type (2019-2024)
6.3 Asia Pacific Price by Type (2019-2024)
7.1 Asia Pacific Production Market Share by Application (2019-2024)
7.2 Asia Pacific Revenue Market Share by Application (2019-2024)
7.3 Asia Pacific Price by Application (2019-2024)
8.1 Chemring Group PLC
8.1.1 Chemring Group PLC Corporation Information
8.1.2 Chemring Group PLC Product Portfolio
8.1.3 Chemring Group PLC Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.1.4 Chemring Group PLC Main Business and Markets Served
8.1.5 Chemring Group PLC Recent Developments/Updates
8.2 Solar Industries India Ltd.
8.2.1 Solar Industries India Ltd. Corporation Information
8.2.2 Solar Industries India Ltd. Product Portfolio
8.2.3 Solar Industries India Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.2.4 Solar Industries India Ltd. Main Business and Markets Served
8.2.5 Solar Industries India Ltd. Recent Developments/Updates
8.3 Hanwha Corporation
8.3.1 Hanwha Corporation Corporation Information
8.3.2 Hanwha Corporation Product Portfolio
8.3.3 Hanwha Corporation Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.3.4 Hanwha Corporation Main Business and Markets Served
8.3.5 Hanwha Corporation Recent Developments/Updates
8.4 Norinco Group
8.4.1 Norinco Group Corporation Information
8.4.2 Norinco Group Product Portfolio
8.4.3 Norinco Group Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.4.4 Norinco Group Main Business and Markets Served
8.4.5 Norinco Group Recent Developments/Updates
8.5 China North Industries Corporation (NORINCO)
8.5.1 China North Industries Corporation (NORINCO) Corporation Information
8.5.2 China North Industries Corporation (NORINCO) Product Portfolio
8.5.3 China North Industries Corporation (NORINCO) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.5.4 China North Industries Corporation (NORINCO) Main Business and Markets Served
8.5.5 China North Industries Corporation (NORINCO) Recent Developments/Updates
8.6 Poongsan Corporation
8.6.1 Poongsan Corporation Corporation Information
8.6.2 Poongsan Corporation Product Portfolio
8.6.3 Poongsan Corporation Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.6.4 Poongsan Corporation Main Business and Markets Served
8.6.5 Poongsan Corporation Recent Developments/Updates
8.7 Pakistan Ordnance Factories
8.7.1 Pakistan Ordnance Factories Corporation Information
8.7.2 Pakistan Ordnance Factories Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.7.3 Pakistan Ordnance Factories Main Business and Markets Served
8.7.4 Pakistan Ordnance Factories Recent Developments/Updates
8.8 Indian Ordnance Factories
8.8.1 Indian Ordnance Factories Corporation Information
8.8.2 Indian Ordnance Factories Product Portfolio
8.8.3 Indian Ordnance Factories Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.8.4 Indian Ordnance Factories Main Business and Markets Served
8.8.5 Indian Ordnance Factories Recent Developments/Updates
8.9 Explosia a.s.
8.9.1 Explosia a.s. Corporation Information
8.9.2 Explosia a.s. Product Portfolio
8.9.3 Explosia a.s. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.9.4 Explosia a.s. Main Business and Markets Served
8.9.5 Explosia a.s. Recent Developments/Updates
8.10 Australian Munitions
8.10.1 Australian Munitions Corporation Information
8.10.2 Australian Munitions Product Portfolio
8.10.3 Australian Munitions Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.10.4 Australian Munitions Main Business and Markets Served
8.10.5 Australian Munitions Recent Developments/Updates
9.1 Key Raw Materials Analysis
9.1.1 Key Raw Materials
9.1.2 Key Suppliers of Raw Materials
9.2 Proportion of Manufacturing Cost Structure
9.3 Manufacturing Process Analysis of Military Explosives and Propellants
9.4 Industrial Chain Analysis
10.1 Marketing Channel
10.2 Distributors List
10.3 Customers
11.1 Industry Trends
11.2 Market Drivers
11.3 Market Challenges
11.4 Market Restraints
12.1 Asia Pacific Production, Revenue Forecast (2024-2030)
13.1 Asia Pacific Forecasted Consumption of by Country
14.1 Asia Pacific Production, Revenue and Price Forecast by Type (2024-2030)
14.1.1 Asia Pacific Forecasted Production of by Type (2024-2030)
14.1.2 Asia Pacific Forecasted Revenue of by Type (2024-2030)
14.1.3 Asia Pacific Forecasted Price of by Type (2024-2030)
14.2 Asia Pacific Production, Revenue and Price Forecast by Application (2024-2030)
14.2.1 Asia Pacific Forecasted Production of by Application (2024-2030)
14.2.2 Asia Pacific Forecasted Revenue of by Application (2024-2030)
14.2.3 Asia Pacific Forecasted Price of by Application (2024-2030)
16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
16.3 Author List
16.4 Disclaimer
17.1 Note
17.2 Examples of Clients
Frequently Asked Questions ?
