This report provides a comprehensive analysis of the global solid rocket propellant market, projecting its growth trajectory through 2032. Driven primarily by the aerospace and defense sectors, the market serves critical needs in missile systems and space launch vehicles. The study offers detailed segmentation by propellant type, application, and geography, covering key regions including North America, Europe, and Asia-Pacific. Furthermore, it evaluates competitive landscapes, emerging technological trends, and the strategic positioning of major industry players.

Market Overview

The global Solid Rocket Propellant market is projected to experience significant growth from 2025 through 2032, maintaining a steady compound annual growth rate over the forecast period.

This is a highly specialized and niche market, primarily driven by the aerospace and defense industries. Solid rocket propellants are utilized in rocket motors, missile systems, and various other military applications due to their high energy density, predictable burn rates, and their ability to operate effectively in extreme environments.

Market Segmentation

By Type

• Ammonium Perchlorate Composite Propellant (APCP)
• Hydroxyl-Terminated Polybutadiene (HTPB)
• HTPE Propellant
• NEPE Propellant
• GAP Propellant
• Modified Double Base XLDB Propellant
• Others

By Application

• Military / Defense: Includes rocket motors, missile systems, and others.
• Civilian / Aerospace: Includes space launch vehicles and others.

By Geography

• Americas: United States, Canada, Mexico, Brazil
• Asia Pacific (APAC): China, Japan, Korea, Southeast Asia, India, Australia
• Europe: Germany, France, UK, Italy, Russia
• Middle East & Africa: Egypt, South Africa, Israel, Turkey, GCC Countries
• Rest of the World

Regional Market Outlook

• United States: The market for Solid Rocket Propellant in the United States is estimated to grow steadily from 2025 through 2032.
• China: The market for Solid Rocket Propellant in China is estimated to see expansion from 2025 through 2032.
• Europe: The market for Solid Rocket Propellant in Europe is estimated to increase over the period from 2025 to 2032.

Competitive Landscape

Key Players

The following companies have been profiled based on primary expert input and analysis of their market coverage, product portfolios, and market penetration:

• Explosia
• Pakistan Ordnance Factories
• Australian Munitions
• Eurenco
• General Dynamics
• MAXAM Corp
• Rheinmetall Defence
• BAE Systems
• Forcit
• Solar Group
• Serbian Defence Industrial Facilities
• NITRO-CHEM
• Poongsan Defense
• Liming Research Institute of Chemical Industry
• China North Industries Corporation (NORINCO)

Market Share

In 2025, the global two largest companies in the Solid Rocket Propellant sector held a significant combined market share.

About the Report

Research Scope and Methodology

LP Information, Inc. (LPI)’s newest research report, the “Solid Rocket Propellant Industry Forecast,” reviews total global Solid Rocket Propellant sales for 2025. It provides a comprehensive analysis by region and market sector of projected Solid Rocket Propellant sales for the period from 2026 through 2032. The report offers a detailed analysis in US$ millions, with sales broken down by region, market sector, and sub-sector.

This Insight Report provides a comprehensive analysis of the global Solid Rocket Propellant landscape, highlighting key trends related to:

• Product segmentation
• Company formation
• Revenue and market share
• Latest developments
• Mergers and Acquisitions (M&A) activity

The report also analyzes the strategies of leading global companies, focusing on their Solid Rocket Propellant portfolios and capabilities, market entry strategies, market positions, and geographic footprints to understand their unique positions in an accelerating global market.

Using a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study evaluates key market trends, drivers, and affecting factors to shape the global outlook. The forecast is broken down by Type, Application, Geography, and Market Size to highlight emerging pockets of opportunity and the future trajectory of the industry.

Key Questions Addressed

• What is the 10-year outlook for the global Solid Rocket Propellant market?
• What factors are driving Solid Rocket Propellant market growth, both globally and by region?
• Which technologies are poised for the fastest growth by market and region?
• How do Solid Rocket Propellant market opportunities vary by end market size?
• How does the Solid Rocket Propellant market break out by Type and by Application?

• 1 Scope of the Report

  • 1.1 Market Introduction

  • 1.2 Years Considered

  • 1.3 Research Objectives

  • 1.4 Market Research Methodology

  • 1.5 Research Process and Data Source

  • 1.6 Economic Indicators

  • 1.7 Currency Considered

  • 1.8 Market Estimation Caveats

• 2 Executive Summary

  • 2.1 World Market Overview

    • 2.1.1 Global Solid Rocket Propellant Annual Sales 2021-2032

    • 2.1.2 World Current & Future Analysis for Solid Rocket Propellant by Geographic Region, 2021, 2025 & 2032

    • 2.1.3 World Current & Future Analysis for Solid Rocket Propellant by Country/Region, 2021, 2025 & 2032

  • 2.2 Solid Rocket Propellant Segment by Type

    • 2.2.1 HTPE Propellant

    • 2.2.2 NEPE Propellant

    • 2.2.3 GAP Propellant

    • 2.2.4 Modified Double Base XLDB Propellant

    • 2.2.5 Solid Rocket Propellant Sales by Type

      • 2.2.5.1 Global Solid Rocket Propellant Sales Market Share by Type (2021-2026)
      • 2.2.5.2 Global Solid Rocket Propellant Revenue and Market Share by Type (2021-2026)
      • 2.2.5.3 Global Solid Rocket Propellant Sale Price by Type (2021-2026)

  • 2.3 Solid Rocket Propellant Segment by Application

    • 2.3.1 Defense

    • 2.3.2 Aerospace

    • 2.3.3 Solid Rocket Propellant Sales by Application

      • 2.3.3.1 Global Solid Rocket Propellant Sale Market Share by Application (2021-2026)
      • 2.3.3.2 Global Solid Rocket Propellant Revenue and Market Share by Application (2021-2026)
      • 2.3.3.3 Global Solid Rocket Propellant Sale Price by Application (2021-2026)

• 3 Global by Company

  • 3.1 Global Solid Rocket Propellant Breakdown Data by Company

    • 3.1.1 Global Solid Rocket Propellant Annual Sales by Company (2021-2026)

    • 3.1.2 Global Solid Rocket Propellant Sales Market Share by Company (2021-2026)

  • 3.2 Global Solid Rocket Propellant Annual Revenue by Company (2021-2026)

    • 3.2.1 Global Solid Rocket Propellant Revenue by Company (2021-2026)

    • 3.2.2 Global Solid Rocket Propellant Revenue Market Share by Company (2021-2026)

  • 3.3 Global Solid Rocket Propellant Sale Price by Company

  • 3.4 Key Manufacturers Solid Rocket Propellant Producing Area Distribution, Sales Area, Product Type

    • 3.4.1 Key Manufacturers Solid Rocket Propellant Product Location Distribution

    • 3.4.2 Players Solid Rocket Propellant Products Offered

  • 3.5 Market Concentration Rate Analysis

    • 3.5.1 Competition Landscape Analysis

    • 3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2024-2026)

  • 3.6 New Products and Potential Entrants

  • 3.7 Market M&A Activity & Strategy

• 4 World Historic Review for Solid Rocket Propellant by Geographic Region

  • 4.1 World Historic Solid Rocket Propellant Market Size by Geographic Region (2021-2026)

    • 4.1.1 Global Solid Rocket Propellant Annual Sales by Geographic Region (2021-2026)

    • 4.1.2 Global Solid Rocket Propellant Annual Revenue by Geographic Region (2021-2026)

  • 4.2 World Historic Solid Rocket Propellant Market Size by Country/Region (2021-2026)

    • 4.2.1 Global Solid Rocket Propellant Annual Sales by Country/Region (2021-2026)

    • 4.2.2 Global Solid Rocket Propellant Annual Revenue by Country/Region (2021-2026)

  • 4.3 Americas Solid Rocket Propellant Sales Growth

  • 4.4 APAC Solid Rocket Propellant Sales Growth

  • 4.5 Europe Solid Rocket Propellant Sales Growth

  • 4.6 Middle East & Africa Solid Rocket Propellant Sales Growth

• 5 Americas

  • 5.1 Americas Solid Rocket Propellant Sales by Country

    • 5.1.1 Americas Solid Rocket Propellant Sales by Country (2021-2026)

    • 5.1.2 Americas Solid Rocket Propellant Revenue by Country (2021-2026)

  • 5.2 Americas Solid Rocket Propellant Sales by Type (2021-2026)

  • 5.3 Americas Solid Rocket Propellant Sales by Application (2021-2026)

  • 5.4 United States

  • 5.5 Canada

  • 5.6 Mexico

  • 5.7 Brazil

• 6 APAC

  • 6.1 APAC Solid Rocket Propellant Sales by Region

    • 6.1.1 APAC Solid Rocket Propellant Sales by Region (2021-2026)

    • 6.1.2 APAC Solid Rocket Propellant Revenue by Region (2021-2026)

  • 6.2 APAC Solid Rocket Propellant Sales by Type (2021-2026)

  • 6.3 APAC Solid Rocket Propellant Sales by Application (2021-2026)

  • 6.4 China

  • 6.5 Japan

  • 6.6 South Korea

  • 6.7 Southeast Asia

  • 6.8 India

  • 6.9 Australia

  • 6.10 China Taiwan

• 7 Europe

  • 7.1 Europe Solid Rocket Propellant by Country

    • 7.1.1 Europe Solid Rocket Propellant Sales by Country (2021-2026)

    • 7.1.2 Europe Solid Rocket Propellant Revenue by Country (2021-2026)

  • 7.2 Europe Solid Rocket Propellant Sales by Type (2021-2026)

  • 7.3 Europe Solid Rocket Propellant Sales by Application (2021-2026)

  • 7.4 Germany

  • 7.5 France

  • 7.6 UK

  • 7.7 Italy

  • 7.8 Russia

• 8 Middle East & Africa

  • 8.1 Middle East & Africa Solid Rocket Propellant by Country

    • 8.1.1 Middle East & Africa Solid Rocket Propellant Sales by Country (2021-2026)

    • 8.1.2 Middle East & Africa Solid Rocket Propellant Revenue by Country (2021-2026)

  • 8.2 Middle East & Africa Solid Rocket Propellant Sales by Type (2021-2026)

  • 8.3 Middle East & Africa Solid Rocket Propellant Sales by Application (2021-2026)

  • 8.4 Egypt

  • 8.5 South Africa

  • 8.6 Israel

  • 8.7 Turkey

  • 8.8 GCC Countries

• 9 Market Drivers, Challenges and Trends

  • 9.1 Market Drivers & Growth Opportunities

  • 9.2 Market Challenges & Risks

  • 9.3 Industry Trends

• 10 Manufacturing Cost Structure Analysis

  • 10.1 Raw Material and Suppliers

  • 10.2 Manufacturing Cost Structure Analysis of Solid Rocket Propellant

  • 10.3 Manufacturing Process Analysis of Solid Rocket Propellant

  • 10.4 Industry Chain Structure of Solid Rocket Propellant

• 11 Marketing, Distributors and Customer

  • 11.1 Sales Channel

    • 11.1.1 Direct Channels

    • 11.1.2 Indirect Channels

  • 11.2 Solid Rocket Propellant Distributors

  • 11.3 Solid Rocket Propellant Customer

• 12 World Forecast Review for Solid Rocket Propellant by Geographic Region

  • 12.1 Global Solid Rocket Propellant Market Size Forecast by Region

    • 12.1.1 Global Solid Rocket Propellant Forecast by Region (2027-2032)

    • 12.1.2 Global Solid Rocket Propellant Annual Revenue Forecast by Region (2027-2032)

  • 12.2 Americas Forecast by Country (2027-2032)

  • 12.3 APAC Forecast by Region (2027-2032)

  • 12.4 Europe Forecast by Country (2027-2032)

  • 12.5 Middle East & Africa Forecast by Country (2027-2032)

  • 12.6 Global Solid Rocket Propellant Forecast by Type (2027-2032)

  • 12.7 Global Solid Rocket Propellant Forecast by Application (2027-2032)

• 13 Key Players Analysis

  • 13.1 Explosia

    • 13.1.1 Explosia Company Information

    • 13.1.2 Explosia Solid Rocket Propellant Product Portfolios and Specifications

    • 13.1.3 Explosia Solid Rocket Propellant Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.1.4 Explosia Main Business Overview

    • 13.1.5 Explosia Latest Developments

  • 13.2 Pakistan Ordnance Factories

    • 13.2.1 Pakistan Ordnance Factories Company Information

    • 13.2.2 Pakistan Ordnance Factories Solid Rocket Propellant Product Portfolios and Specifications

    • 13.2.3 Pakistan Ordnance Factories Solid Rocket Propellant Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.2.4 Pakistan Ordnance Factories Main Business Overview

    • 13.2.5 Pakistan Ordnance Factories Latest Developments

  • 13.3 Australian Munitions

    • 13.3.1 Australian Munitions Company Information

    • 13.3.2 Australian Munitions Solid Rocket Propellant Product Portfolios and Specifications

    • 13.3.3 Australian Munitions Solid Rocket Propellant Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.3.4 Australian Munitions Main Business Overview

    • 13.3.5 Australian Munitions Latest Developments

  • 13.4 Eurenco

    • 13.4.1 Eurenco Company Information

    • 13.4.2 Eurenco Solid Rocket Propellant Product Portfolios and Specifications

    • 13.4.3 Eurenco Solid Rocket Propellant Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.4.4 Eurenco Main Business Overview

    • 13.4.5 Eurenco Latest Developments

  • 13.5 General Dynamics

    • 13.5.1 General Dynamics Company Information

    • 13.5.2 General Dynamics Solid Rocket Propellant Product Portfolios and Specifications

    • 13.5.3 General Dynamics Solid Rocket Propellant Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.5.4 General Dynamics Main Business Overview

    • 13.5.5 General Dynamics Latest Developments

  • 13.6 MAXAM Corp

    • 13.6.1 MAXAM Corp Company Information

    • 13.6.2 MAXAM Corp Solid Rocket Propellant Product Portfolios and Specifications

    • 13.6.3 MAXAM Corp Solid Rocket Propellant Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.6.4 MAXAM Corp Main Business Overview

    • 13.6.5 MAXAM Corp Latest Developments

  • 13.7 Rheinmetall Defence

    • 13.7.1 Rheinmetall Defence Company Information

    • 13.7.2 Rheinmetall Defence Solid Rocket Propellant Product Portfolios and Specifications

    • 13.7.3 Rheinmetall Defence Solid Rocket Propellant Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.7.4 Rheinmetall Defence Main Business Overview

    • 13.7.5 Rheinmetall Defence Latest Developments

  • 13.8 BAE Systems

    • 13.8.1 BAE Systems Company Information

    • 13.8.2 BAE Systems Solid Rocket Propellant Product Portfolios and Specifications

    • 13.8.3 BAE Systems Solid Rocket Propellant Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.8.4 BAE Systems Main Business Overview

    • 13.8.5 BAE Systems Latest Developments

  • 13.9 Forcit

    • 13.9.1 Forcit Company Information

    • 13.9.2 Forcit Solid Rocket Propellant Product Portfolios and Specifications

    • 13.9.3 Forcit Solid Rocket Propellant Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.9.4 Forcit Main Business Overview

    • 13.9.5 Forcit Latest Developments

  • 13.10 Solar Group

    • 13.10.1 Solar Group Company Information

    • 13.10.2 Solar Group Solid Rocket Propellant Product Portfolios and Specifications

    • 13.10.3 Solar Group Solid Rocket Propellant Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.10.4 Solar Group Main Business Overview

    • 13.10.5 Solar Group Latest Developments

  • 13.11 Serbian Defence Industrial Facilities

    • 13.11.1 Serbian Defence Industrial Facilities Company Information

    • 13.11.2 Serbian Defence Industrial Facilities Solid Rocket Propellant Product Portfolios and Specifications

    • 13.11.3 Serbian Defence Industrial Facilities Solid Rocket Propellant Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.11.4 Serbian Defence Industrial Facilities Main Business Overview

    • 13.11.5 Serbian Defence Industrial Facilities Latest Developments

  • 13.12 NITRO-CHEM

    • 13.12.1 NITRO-CHEM Company Information

    • 13.12.2 NITRO-CHEM Solid Rocket Propellant Product Portfolios and Specifications

    • 13.12.3 NITRO-CHEM Solid Rocket Propellant Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.12.4 NITRO-CHEM Main Business Overview

    • 13.12.5 NITRO-CHEM Latest Developments

  • 13.13 Poongsan Defense

    • 13.13.1 Poongsan Defense Company Information

    • 13.13.2 Poongsan Defense Solid Rocket Propellant Product Portfolios and Specifications

    • 13.13.3 Poongsan Defense Solid Rocket Propellant Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.13.4 Poongsan Defense Main Business Overview

    • 13.13.5 Poongsan Defense Latest Developments

  • 13.14 Liming Research Institute of Chemical Industry

    • 13.14.1 Liming Research Institute of Chemical Industry Company Information

    • 13.14.2 Liming Research Institute of Chemical Industry Solid Rocket Propellant Product Portfolios and Specifications

    • 13.14.3 Liming Research Institute of Chemical Industry Solid Rocket Propellant Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.14.4 Liming Research Institute of Chemical Industry Main Business Overview

    • 13.14.5 Liming Research Institute of Chemical Industry Latest Developments

  • 13.15 China North Industries Corporation (NORINCO)

    • 13.15.1 China North Industries Corporation (NORINCO) Company Information

    • 13.15.2 China North Industries Corporation (NORINCO) Solid Rocket Propellant Product Portfolios and Specifications

    • 13.15.3 China North Industries Corporation (NORINCO) Solid Rocket Propellant Sales, Revenue, Price and Gross Margin (2021-2026)

    • 13.15.4 China North Industries Corporation (NORINCO) Main Business Overview

    • 13.15.5 China North Industries Corporation (NORINCO) Latest Developments

• 14 Research Findings and Conclusion