Best Propellants Market Companies in 2025
Global Propellants Market is witnessing substantial growth, valued at USD 18.6 billion in 2024 and projected to expand at a CAGR of 5.9% to reach USD 29.4 billion by 2032 . Demand is driven by burgeoning aerospace, defence, and industrial applications, with innovations in propulsion technologies accelerating market adoption. The U.S. market alone accounts for USD 5.2 billion in 2024, expected to grow to USD 7.8 billion by 2032. Propellants are critical in generating thrust for rockets, missiles, and aviation systems through controlled chemical reactions. Their formulations range from traditional solid and liquid variants to emerging hybrid and green propellants, reflecting the industry’s shift toward sustainability and performance optimization. Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/193873/propellants-market-2023-2032-738 Market Overview & Regional Analysis North America leads with over 30% market share, fuelled by advan...