Product Code: ETC203076 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The India ammonium perchlorate market import shipment experienced a notable decline with a CAGR of -11.4% from 2020 to 2024. The growth rate between 2023 and 2024 further decreased by -19.6%. This indicates a significant slowdown in market expansion, with a downward trend and loss of momentum over the period.
Ammonium perchlorate is a white crystalline compound which contains 30.5% oxygen by weight and is used as an oxidizer in the production of solid fuels for rocket motors, missiles and jet engines. It is also used in fireworks, explosives, pyrotechnics and other applications. In India, ammonium perchlorate has been used mainly for military purposes since its introduction in 1957 with some commercial use beginning from 1975 onwards.
The main drivers of growth in the India ammonium perchlorate market are increasing demand from military and aerospace sectors combined with growing government investments into R&D activities related to defense technology development. Additionally, rising concerns over national security due to increased tensions between India & Pakistan have led to increased demand for ammunition containing ammonium perchlorate thus propelling market growth further. Additionally, emerging space exploration programs undertaken by private sector companies such as Reliance Jio are expected to drive up demand for this compound significantly over the forecast period (2025-2031).
One of the major challenges faced by manufacturers operating within this industry is high import duty imposed upon imports of raw materials required for production leading to inflated costs associated with operations. Moreover stringent regulations surrounding safety aspects during storage & transportation coupled with lack of skilled labor act as additional deterrents towards overall profitability margins incurred by players within this domain.
Major players operating within the India ammonium perchlorate market include Hindustan Organic Chemicals Ltd., Prasol Chemicals Pvt Ltd., Pidilite Industries Limited among others who together account for a significant share of total revenue generated annually across this vertical. Newer entrants such as Aditya Birla Group , Godrej Industries etc are expected to make their presence felt within near future accounting more than 10% market share each respectively thus increasing competitive intensity amongst existing participants even further.
COVID-19 pandemic has had a mixed impact on operations across this industry both at domestic level & overseas territories. On one hand , while lockdowns initially disrupted supply chain networks globally leading to temporary disruptions thereon after implementation of relaxations however business commenced normally albeit at slightly lower capacities owing reduced workforce availability due fact that majority were working remotely or under quarantine restrictions.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Ammonium Perchlorate Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Ammonium Perchlorate Market Revenues & Volume, 2021 & 2031F |
3.3 India Ammonium Perchlorate Market - Industry Life Cycle |
3.4 India Ammonium Perchlorate Market - Porter's Five Forces |
3.5 India Ammonium Perchlorate Market Revenues & Volume Share, By Purity, 2021 & 2031F |
3.6 India Ammonium Perchlorate Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Ammonium Perchlorate Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 India Ammonium Perchlorate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for ammonium perchlorate in defense and aerospace industries |
4.2.2 Growth in the space exploration sector in India |
4.2.3 Rising investments in research and development for advanced propulsion technologies |
4.3 Market Restraints |
4.3.1 Stringent regulations related to the handling and storage of ammonium perchlorate |
4.3.2 Volatility in raw material prices such as ammonium nitrate and potassium chlorate |
5 India Ammonium Perchlorate Market Trends |
6 India Ammonium Perchlorate Market, By Types |
6.1 India Ammonium Perchlorate Market, By Purity |
6.1.1 Overview and Analysis |
6.1.2 India Ammonium Perchlorate Market Revenues & Volume, By Purity, 2021-2031F |
6.1.3 India Ammonium Perchlorate Market Revenues & Volume, By ? 99%, 2021-2031F |
6.1.4 India Ammonium Perchlorate Market Revenues & Volume, By <98%, 2021-2031F |
6.2 India Ammonium Perchlorate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Ammonium Perchlorate Market Revenues & Volume, By Rocket Fuel Additive, 2021-2031F |
6.2.3 India Ammonium Perchlorate Market Revenues & Volume, By Strong Oxidizing Agent, 2021-2031F |
6.2.4 India Ammonium Perchlorate Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Ammonium Perchlorate Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 India Ammonium Perchlorate Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.3.3 India Ammonium Perchlorate Market Revenues & Volume, By Pyrotechnics & Fireworks, 2021-2031F |
6.3.4 India Ammonium Perchlorate Market Revenues & Volume, By Analytical Chemistry, 2021-2031F |
6.3.5 India Ammonium Perchlorate Market Revenues & Volume, By Others, 2021-2031F |
7 India Ammonium Perchlorate Market Import-Export Trade Statistics |
7.1 India Ammonium Perchlorate Market Export to Major Countries |
7.2 India Ammonium Perchlorate Market Imports from Major Countries |
8 India Ammonium Perchlorate Market Key Performance Indicators |
8.1 Number of successful space missions utilizing ammonium perchlorate-based propellants |
8.2 Investment in infrastructure for the storage and transportation of ammonium perchlorate |
8.3 Number of research collaborations between industry players and academic institutions in developing new formulations and applications for ammonium perchlorate. |
9 India Ammonium Perchlorate Market - Opportunity Assessment |
9.1 India Ammonium Perchlorate Market Opportunity Assessment, By Purity, 2021 & 2031F |
9.2 India Ammonium Perchlorate Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Ammonium Perchlorate Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 India Ammonium Perchlorate Market - Competitive Landscape |
10.1 India Ammonium Perchlorate Market Revenue Share, By Companies, 2024 |
10.2 India Ammonium Perchlorate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |