New York, United States , July 11, 2024 (GLOBE NEWSWIRE) -- The Global Ammonium Perchlorate Market Size is Expected to Grow from USD 820.25 Million in 2023 to USD 1568.25 Million by 2033, at a CAGR of 6.70% during the forecast period 2023-2033.
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Ammonium perchlorate (AP) is an inorganic compound having the formula NH4ClO 4. It is composed of ammonia and perchloric acid. It is a white, crystalline substance that is extremely soluble in water and exhibits strong oxidizing capabilities. It is produced via the reaction of ammonia and perchloric acid, or by the double decomposition of an ammonium salt and sodium perchlorate. Because of its high oxygen concentration and stability, ammonium perchlorate is most commonly used as an oxidizer in solid rocket propellants. Ammonium perchlorate's market growth is primarily driven by its vital role as an oxidant in solid rocket propellants for aerospace and defense applications. This industry requires high-performance, dependable propulsion technologies. Furthermore, ammonium perchlorate is commonly employed in pyrotechnics and fireworks, resulting in continual demand from cultural and military activities. In industrial environments, it works as a strong oxidizing agent in applications like analytical chemistry and explosives manufacturing. However, ammonium perchlorate irritates the skin and eyes and impairs thyroid function. It is also a class one explosive manufacturer that must observe tight laws and regulations when using ammonium perchlorate as a raw material or additive.
Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Ammonium Perchlorate Market Size, Share, and COVID-19 Impact Analysis, By Type (Spherical, Needle), By Application (Rocket Fuel Additives, Strong Oxidizing Agents, Others), By End-User (Aerospace & Defense, Pyrotechnics & Fireworks, Analytical Chemistry, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The spherical segment is predicted to hold the largest market share through the forecast period.
Based on the type, the ammonium perchlorate market is classified into spherical, and needle. Among these, the spherical segment is predicted to hold the largest market share through the forecast period. Spherical ammonium perchlorate is valued for its ideal density, superb oxygen balance, and customizable burn rates, making it a key component in propellants used in aerospace and defense applications.
The rocket fuel additives segment is anticipated to hold the highest market share during the projected timeframe.
Based on the application, the ammonium perchlorate market is divided into rocket fuel additives, strong oxidizing agents, and others. Among these, the rocket fuel additives segment is anticipated to hold the highest market share during the projected timeframe. The rocket fuel additives category is most likely to dominate the market for ammonium perchlorate, considering its broad applicability in solid rocket propellants. Ammonium perchlorate is a significant component in solid rocket fuel compositions because its high oxygen content enhances combustion efficiency.
The aerospace & defense segment is anticipated to hold the greatest share of the ammonium perchlorate market during the projected timeframe.
Based on the end-user, the ammonium perchlorate market is categorized into aerospace & defense, pyrotechnics & fireworks, analytical chemistry, and others. Among these, the aerospace & defense segment is anticipated to hold the greatest share of the ammonium perchlorate market during the projected timeframe. Ammonium perchlorate is an important ingredient in solid rocket propellants used in missiles, rockets, and space launch vehicles. Its high oxygen content makes it an excellent oxidant, which is essential for generating the required thrust in aircraft applications. Solid rocket propellants are commonly used in missile systems and other military applications that need great dependability and performance.
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North America is estimated to hold the largest share of the ammonium perchlorate market over the forecast period.
North America is estimated to hold the largest share of the ammonium perchlorate market over the forecast period. This could be due to a variety of factors, including established manufacturing infrastructure and the presence of major companies in the region. Furthermore, favorable regulatory frameworks and technological developments in manufacturing processes might add to North America's leading position in this market sector.
Asia Pacific is predicted to have the highest CAGR growth in the ammonium perchlorate market over the forecast period. This expansion is fueled by increased aerospace and defense activity, rising demand for pyrotechnics and fireworks, expanding industrial and commercial sectors, R&D investments, and large manufacturing relocation to the region.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major key players in the ammonium perchlorate market include Chongqing Changshou Chemical Co., Ltd., Yingkou Tianyuan Chemical Research Institute Co., Ltd, Shuangpai County Insein Chemical Co., Ltd., Kerr-McGee Corporation, The Pandian Chemicals Limited, American Pacific Group, Calibre Chemicals Pvt. Ltd., Vikram Sarabhai Space Centre, GM Chemical Consulting, Dalian North Potassium Chlorate Co., Ltd., and Others.
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Recent Developments
- In May 2023, Black Sky Aerospace, a Brisbane-based rocket manufacturer, became the first Australian company to produce ammonium perchlorate, a substance that makes up 70% of rocket fuel. The chemical, known as A.P., will help Australia become self-sufficient as it develops rockets and weaponry.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the ammonium perchlorate market based on the below-mentioned segments:
Global Ammonium Perchlorate Market, By Type
- Spherical
- Needle
Global Ammonium Perchlorate Market, By Application
- Rocket Fuel Additives
- Strong Oxidizing Agents
- Others
Global Ammonium Perchlorate Market, By End-User
- Aerospace & Defense
- Pyrotechnics & Fireworks
- Analytical Chemistry
- Others
Global Ammonium Perchlorate Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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