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Global Ammonium Perchlorate Market Size, Share, Analysis: By Type: Spherical, Non Spherical (Needle); By Application: Rocket Fuel Additive, Strong Oxidizing Agent, Others; By End Use: Aerospace and Defence, Pyrotechnics and Fireworks, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Ammonium Perchlorate Market Outlook
The global ammonium perchlorate market size was around USD 833.35 million in 2023. The market is estimated to grow at a CAGR of 6.9% during 2024-2032 to reach a value of USD 1,499.31 million by 2032.
Key Takeaways
- Ammonium perchlorate is advantaged by its ideal density, favourable oxygen balance, and tailorable burn rates, which support its use in propellants.
- Aerospace and defence are among the leading end use sectors for the product. In 2022, the global military expenditure reached 2.3% of the GDP.
- The use of ammonium perchlorate in pyrotechnics is rising due to its oxidiser characteristics.
Due to its ideal density, favourable oxygen balance, tailorable burn rates, and excellent performance, ammonium perchlorate is actively used in solid composite propellants, for application in solid propellant engines and aerospace boosters, where the AP content is more than 70%.
The primary employment of ammonium perchlorate is in the making of solid fuels. It accounts for nearly three-fourths of the fuel used in spacecraft. Ammonium perchlorate is also used in the making of smokeless flare signals. Its ability to generate huge energy on oxidation makes it perfect for usage in rocket propellants.
Ammonium perchlorate is also used in explosives and fireworks due to its strong oxidizing properties.
Governments across the globe are making significant investments in their line of defence to safeguard the countries against attacks and other security challenges, leading to a requirement for ammonium perchlorate in large amounts.
Figure: Countries with the highest military spending worldwide in 2022 (in billion U.S. dollars)
Key Trends and Developments
Favourable government investments; growth of the defence sector; rising space exploration activities; and customisation of ammonium perchlorate are the major factors impacting the ammonium perchlorate market growth
May 24, 2023
The US Army broadened its ammonium perchlorate (AP) supply for artillery amid the rising demand for rockets in Ukraine and concerns over the security of supply chains for energetic materials.
May 2, 2022
Black Sky Aerospace, a Brisbane-based rocket manufacturer, accomplished a significant feat by becoming the first Australian company to domestically produce ammonium perchlorate (A.P.), a crucial component constituting approximately 70 per cent of rocket fuel.
Ammonium Perchlorate Market Trends
The demand for ammonium perchlorate is driven by advancements in aerospace and investments in the defence sector. As a potent oxidizer, it plays a crucial role in rocket propellants and explosives.
Middle East countries like Israel, Saudi Arabia, and Iraq are investing a massive amount in their military and defence departments. Germany, Russia, China, and India are also spending a large proportion of their GDP on their military and defence budgets. This is further expected to drive the ammonium perchlorate market over the forecast period.
Rising space exploration, commercial satellite transportation, and national defence programs, aids the demand for ammonium perchlorate.
Significant government investments
A rise in government investments in the defence sector globally supports the use of ammonium perchlorate as an oxidising agent for solid propellant rockets, booster motors, and missiles. A rise in space exploration, commercial satellite transportation, and defence programs, aids the market growth.
Expanding space sector
Ammonium perchlorate is a compound used as an oxidant in solid rocket fuel. In addition to this, the simplicity and stability offered by ammonium perchlorate allow for its use in pyrotechnics.
Customisation of ammonium perchlorate
Ammonium perchlorate can be customised according to clients’ needs with respect to particle size, packaging, and packaging size.
Growing defence sector
The growth of the defence sector has expanded the application scope of ammonium perchlorate. Ammonium perchlorate is used in the making of smokeless flare signals. Its ability to generate huge energy on oxidation makes it perfect for usage in propellants, among other things.
Market Segmentation
“Global Ammonium Perchlorate Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Spherical
- Non-Spherical (Needle)
Market Breakup by Application
- Rocket Fuel Additive
- Strong Oxidizing Agent
- Others
Market Breakup by End Use
- Aerospace and Defence
- Pyrotechnics and Fireworks
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Based on application, rocket fuel additives account for the majority of the ammonium perchlorate market share
Ammonium perchlorate is combined with rocket fuels to form rocket propellant. It is being widely used in both defence rockets and civilian rockets in space technology.
Meanwhile, ammonium perchlorate also finds application as an oxidising agent with high density (1.95 g/cm3) and positive oxygen balance (34%) and is applied in fireworks and munitions. In fireworks, ammonium perchlorate burns and creates oxygen that mixes with the fuel mixture, producing a thrust force and enabling the firework to leave the ground.
The aerospace and defence sector is a significant contributor to the global ammonium perchlorate market revenue
Ammonium perchlorate’s cost-effectiveness, high thermal stability, high oxygen content, and low sensitivity to shock ensure its success in rocket propellants. The growth of the military and defence sector and the investments in the production of rockets and missiles globally, are likely to increase the production of ammonium perchlorate.
In July 2023, the German government approved a EUR 51.8 billion draft defence budget, a multi-year financial plan up to 2027, and the 2024 plan for the Zeitwende special fund to meet the North Atlantic Treaty Organization's target for members to spend at least 2% of their GDP on defence from 2024.
Competitive Landscape
The market players are focusing on making substantial investments in research and development to boost production efficiency and enhance the performance attributes of ammonium perchlorate
American Pacific
American Pacific is a private company based in Utah, United States. The company is engaged in providing speciality chemicals such as perchlorates and halocarbon-based clean fire-extinguishing agents.
Aldebaran Sistemas, S.L.
Headquartered in La muela (Zaragoza), Spain, the company offer an extensive range of products categorised under salts, metals and alloys, and resins and rubbers.
Japan Carlit Co., Ltd.
Japan Carlit Co., Ltd. is a chemical company headquartered in Tokyo, Japan. The product offerings extend to ammonium perchlorate, agricultural chemicals, and perchloric acid.
Pandian Chemicals Limited
Pandian Chemicals Limited is a privately owned company situated in Tamil Nadu, India. The company provides ammonium perchlorate, potassium chlorate, potassium perchlorate, sodium perchlorate, and magnesium perchlorate.
Other notable player operating in the global ammonium perchlorate market is Dalian Gaojia Chemical Co., Ltd, among others.
Ammonium Perchlorate Market Analysis by Region
The United States possesses the top position in the global military force and is rapidly developing its missile offerings including hypersonic missiles, creating the greater requirement for ammonium perchlorate. The Department of Defence (DoD) approved grade 1 ammonium perchlorate (AP1) and is currently being used in weapons employed by the army's Guided Multiple Launch Rocket System (GMLRS).
Additionally, members of the European Space Agency (ESA) such as France, Germany, Italy, The Netherlands, Spain, and the UK, among others, are actively involved in space exploration missions.
The LATAM satellite sector invests in satellites for communication and climate monitoring as well as nanosatellites for scientific purposes. These satellites are launched into space using rockets, which provides a favourable market for ammonium perchlorate.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Perchlorate Market Overview
8.1 Key Industry Highlights
8.2 Global Perchlorate Historical Market (2018-2023)
8.3 Global Perchlorate Market Forecast (2024-2032)
8.4 Global Perchlorate Market by Type
8.5 Global Perchlorate Market by Region
8.5.1 North America
8.5.2 Europe
8.5.3 Asia Pacific
8.5.4 Latin America
8.5.5 Middle East and Africa
9 Global Ammonium Perchlorate Market Analysis
9.1 Key Industry Highlights
9.2 Global Ammonium Perchlorate Historical Market (2018-2023)
9.3 Global Ammonium Perchlorate Market Forecast (2024-2032)
9.4 Global Ammonium Perchlorate Market by Type
9.4.1 Spherical
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Non Spehirical (Needle)
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.5 Global Ammonium Perchlorate Market by Application
9.5.1 Rocket Fuel Additive
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Strong Oxidizing Agent
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Others
9.6 Global Ammonium Perchlorate Market by End Use
9.6.1 Aerospace and Defence
9.6.1.1 Historical Trend (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 Pyrotechnics and Fireworks
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
9.6.3 Others
9.7 Global Ammonium Perchlorate Market by Region
9.7.1 North America
9.7.2 Europe
9.7.3 Asia Pacific
9.7.4 Latin America
9.7.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Price Analysis
13.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
14 Manufacturing Process
14.1 Overview
14.2 Detailed Process Flow
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 American Pacific
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Aldebarán Sistemas S.L.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Japan Carlit Co., Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Pandian Chemicals Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Dalian Gaojia Chemical Co., Ltd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Perchlorate Market: Key Industry Highlights, 2018 and 2032
2. Global Perchlorate Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Perchlorate Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Perchlorate Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Perchlorate Market Forecast: Breakup by Region (USD Million), 2024-2032
6. Global Ammonium Perchlorate Market: Key Industry Highlights, 2018 and 2032
7. Global Ammonium Perchlorate Historical Market: Breakup by Type (USD Million), 2018-2023
8. Global Ammonium Perchlorate Market Forecast: Breakup by Type (USD Million), 2024-2032
9. Global Ammonium Perchlorate Historical Market: Breakup by Application (USD Million), 2018-2023
10. Global Ammonium Perchlorate Market Forecast: Breakup by Application (USD Million), 2024-2032
11. Global Ammonium Perchlorate Historical Market: Breakup by End Use (USD Million), 2018-2023
12. Global Ammonium Perchlorate Market Forecast: Breakup by End Use (USD Million), 2024-2032
13. Global Ammonium Perchlorate Historical Market: Breakup by Region (USD Million), 2018-2023
14. Global Ammonium Perchlorate Market Forecast: Breakup by Region (USD Million), 2024-2032
15. North America Ammonium Perchlorate Historical Market: Breakup by Country (USD Million), 2018-2023
16. North America Ammonium Perchlorate Market Forecast: Breakup by Country (USD Million), 2024-2032
17. Europe Ammonium Perchlorate Historical Market: Breakup by Country (USD Million), 2018-2023
18. Europe Ammonium Perchlorate Market Forecast: Breakup by Country (USD Million), 2024-2032
19. Asia Pacific Ammonium Perchlorate Historical Market: Breakup by Country (USD Million), 2018-2023
20. Asia Pacific Ammonium Perchlorate Market Forecast: Breakup by Country (USD Million), 2024-2032
21. Latin America Ammonium Perchlorate Historical Market: Breakup by Country (USD Million), 2018-2023
22. Latin America Ammonium Perchlorate Market Forecast: Breakup by Country (USD Million), 2024-2032
23. Middle East and Africa Ammonium Perchlorate Historical Market: Breakup by Country (USD Million), 2018-2023
24. Middle East and Africa Ammonium Perchlorate Market Forecast: Breakup by Country (USD Million), 2024-2032
25. North America Historical Price Trends and Forecast 2018-2032
26. Europe Historical Price Trends and Forecast 2018-2032
27. Asia Pacific Historical Price Trends and Forecast 2018-2032
28. Latin America Historical Price Trends and Forecast 2018-2032
29. Middle East and Africa Historical Price Trends and Forecast 2018-2032
30. Global Ammonium Perchlorate Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 833.35 million.
The market is projected to grow at a CAGR of 6.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 1,499.31 million by 2032.
The major types of the product are spherical, and non-spherical (needle).
The key regional markets for ammonium perchlorate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various end uses include aerospace and defence, pyrotechnics and fireworks, and others.
The major applications include rocket fuel additive, strong oxidizing agent, and others.
Who are the key players in the global ammonium perchlorate industry, according to the market report?
The key players in the market include American Pacific, Aldebaran Sistemas, S.L., Japan Carlit Co., Ltd., Pandian Chemicals Limited, and Dalian Gaojia Chemical Co., Ltd, among others.
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