Europe Solid Rocket Propellant Market was valued at USD 1.0 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 5.8% from 2024 to 2030.
The Europe Solid Rocket Propellant Market is witnessing substantial growth driven by increased demand from the aerospace, defense, and space exploration sectors. As space missions and defense systems become more sophisticated, the requirement for high-performance solid rocket propellants is escalating. These propellants are essential for providing the thrust needed for rockets and missiles, and their importance is only expected to grow as technological advancements and industrial requirements evolve.
Europe's aerospace and defense industries are heavily dependent on solid rocket propellants for launching satellites, space exploration missions, and military defense applications. Solid rocket propellants are typically categorized into two types: composite propellants and double-base propellants. Composite propellants, which consist of a fuel and an oxidizer, are favored in modern space applications for their enhanced performance and stability. Meanwhile, double-base propellants are used in military missiles due to their high energy output and reliability under extreme conditions.
The demand for solid rocket propellants is being driven by industries focused on satellite launches, national defense, and space exploration missions. The European Space Agency (ESA) and other private space companies are among the largest consumers, with the increasing frequency of satellite launches and interplanetary missions contributing significantly to market growth. Similarly, defense contractors require advanced solid rocket propellants for various missile systems, including air defense and tactical missiles.
In addition to performance, industries are also focused on the environmental impact of these propellants. There is a growing demand for eco-friendly and less toxic solid rocket propellants, which has led to advancements in propellant formulation and production processes. Furthermore, the increasing complexity of space missions demands more specialized propellants, which, in turn, pushes for innovation in both the propellant chemistry and the manufacturing techniques used to produce them.
The Europe Solid Rocket Propellant Market is expected to see a surge in demand, with both public and private sectors focusing on advancing the technology behind propellants. As these industries strive for higher efficiency, increased thrust, and reduced environmental impact, the market will continue to evolve, meeting the requirements of an ever-growing aerospace and defense sector.
Get an In-Depth Research Analysis of the Europe Solid Rocket Propellant Market Size And Forecast [2025-2032]
Â
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)
Â
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Europe Solid Rocket Propellant Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Europe Solid Rocket Propellant Market
Composite Propellants
Homogeneous Propellants
Heterogeneous Propellants
Liquid Propellants
Single-Stage Propellant
Multi-Stage Propellant
Aerospace & Defense
Missiles
Space Launch Vehicles
Solid Rocket Boosters
Others
Ammonium Perchlorate
Potassium Nitrate
Hydroxy-Terminated Polybutadiene (HTPB)
Aluminum Powder
Military
Aerospace
Commercial
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
For More Information or Query, Visit @ Solid Rocket Propellant Market Research Analysis
1. Introduction of the Europe Solid Rocket Propellant Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Solid Rocket Propellant Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Solid Rocket Propellant Market, By Type
6. Europe Solid Rocket Propellant Market, By Application
7. Europe Solid Rocket Propellant Market, By Geography
Europe
Germany
UK
France
8. Europe Solid Rocket Propellant Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/