The Aerospace Propellant Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Aerospace Propellant Market?
The Aerospace Propellant Global Market Report 2025 market has seen significant growth in past years. It grew from a size of $6.45 billion in 2024 to $6.84 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 6.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Aerospace Propellant Industry?
The Aerospace Propellant Global Market Report predicts the aerospace propellant market size will reach $8.54 billion in 2029, with a compound annual growth rate (CAGR) of 5.7%.
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What are the Key Growth Drivers Fueling the Aerospace Propellant Market?
The key drivers in the aerospace propellant market are:
• Expansion of the commercial space industry
• Rising demand for satellite constellations
• Advancements in environmentally friendly propellants
• Increased government and private sector investments in space infrastructure
Global Market Segmentation: Identifying Major Aerospace Propellant Industry Segments
The aerospace propellant market covered in this report is segmented –
1) By Type: Solid Propellants, Liquid Propellants, Hybrid Propellants
2) By Technology: Conventional Rocket Engines, Ion Thrusters, Nuclear Thermal Engines, Electric Propulsion Systems, Hybrid Propulsion Systems
3) By Application: Launch Vehicles, Satellite Propulsion, Space Exploration, Missile Systems, Spacecraft Maneuvering
4) By End-User: Government Organizations, Commercial Enterprises, Aerospace Contractors, Research Institutions, Military
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What are the Emerging Trends Shaping the Future of the Aerospace Propellant Market?
The key trends in the aerospace propellant market are:
• The development of environmentally friendly propellants is a significant emerging trend.
• Hybrid propulsion system advancements are shaping the future of the aerospace propellant market.
• An increase in the use of green propellants is a prominent market trend.
• Innovations in solid rocket propellants and improvements in propulsion efficiency for space missions are emerging trends.
Who Are the Top Competitors & Leading Players in the Aerospace Propellant Market?
Major players in the aerospace propellant market are:
• Lockheed Martin Corporation
• Raytheon Technologies Corporation
• Northrop Grumman Corporation
• Honeywell International Inc.
• Safran S.A.
• Thales Group
• L3Harris Technologies Inc.
• IHI Corporation
• SpaceX
• Rheinmetall AG
• MBDA
• Blue Origin LLC
• Rocket Lab USA Inc.
• Ursa Major Technologies
• Avio S.p.A.
• Bellatrix Aerospace
• Firehawk Aerospace
• Virgin Galactic
• Khrunichev State Research and Production Space Center
• Nammo AS
• NPO Energomash
Regional Dominance: Which Area Leads the Global Aerospace Propellant Market?
North America was the largest region in the aerospace propellant market in 2024
