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North America and Europe have been dominating the ammonium perchlorate industry in the recent years and are expected to retain their dominance over the forecast period as well. Aerospace advancements in the regions such as North America, Europe, and the Asia Pacific are driving the market. Countries like China, Russia, Saudi Arabia, and Iraq are spending a significant percentage of their GDP on military and defence expenditures, which is furthering the growth of the ammonium perchlorate industry. The adoption of ammonium perchlorate in the production of smokeless and ash-less flare signal is gaining popularity among global military and defence services and is expected to boost the market growth of the product.
American Pacific (NASDAQ: APFC) is a global leader in the production of ammonium perchlorate. It is also the sole manufacturer of the product in North America. Aerospace giants, such as NASA, are using ammonium perchlorate, along with aluminium powder in rocket booster as a propellant. Manufacturers are also using ammonium perchlorate in binders and automotive industry.
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The major players in the global ammonium perchlorate market are American Pacific (APC), Aldebaran Sistemas S.L., Pandian Chemicals Limited, Dalian Gaojia Chemical Co., Ltd, and Tanyun Chemical, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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