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Global Ammonium Perchlorate Market to Grow at a CAGR of 4.5% During 2021-2026, Aided by Aerospace Advancements

According to a new report by EMR titled, ‘Global Ammonium Perchlorate Market Report and Forecast 2021-2026’, the global market for ammonium perchlorate is expected to grow at a CAGR of 4.5% in the forecast period of 2021-2026.

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.

Market Analysis by Type, Application, End-Use, and Region:

  • The market based on type can be bifurcated into the needle and spherical.
  • Based on application, the industry can be divided into rocket fuel additive and strong oxidizing agent, among others.
  • The end-use sectors for ammonium perchlorate include aerospace and defence, pyrotechnics and fireworks, automotive, and others.
  • The regional markets for ammonium perchlorate include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The ammonium perchlorate industry is being driven by the aerospace advancements.
  • Increased investments in military and defence departments by the government is aiding the market growth.
  • The growing usage of the product in solid rocket propellants is predicted to fuel the market in the forecast period.
  • The market is expected to receive a further boost from the explosives and firework industry over the coming years.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for ammonium perchlorate for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, applications, end uses, and major regions of ammonium perchlorate.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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