The global ammonium perchlorate market size was around USD 833.35 Million in 2024. The market is estimated to grow at a CAGR of 6.90% during 2025-2034 to reach a value of USD 1624.07 Million by 2034.
The global ammonium perchlorate market was valued at approximately USD 833.35 million in 2024 and is projected to witness substantial expansion in the coming years. According to industry forecasts, the market is expected to grow at a strong CAGR of 6.90% from 2025 to 2034, reaching an estimated value of USD 1,624.07 million by 2034.
This impressive growth is primarily fueled by increasing demand across key sectors such as aerospace, defense, and pyrotechnics. Ammonium perchlorate plays a vital role as a solid oxidizer in rocket propellants and missile systems, making it an essential component in the defense and space exploration industries. Additionally, its use in fireworks and explosives continues to contribute to market expansion.
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