Australia Ammonium Perchlorate Market is projected to grow at a CAGR of 7.3% during 2024-2030

Rocket Fuel additives segment by Application held the highest revenue share of Australia Ammonium Perchlorate Market -6Wresearch

By application, rocket fuel additives dominated market in 2023 due to the growing investments in aerospace sector like the Mars to Moon Initiative and Space Infrastructure Fund. With Australia’s expanding space exploration initiatives, and a rising number of satellite launches, the demand for high-performance rocket fuels drives the demand for Ammonium Perchlorate.

According to 6Wresearch, the Australia Ammonium Perchlorate Market is projected to grow at a CAGR of 7.3% during 2024-2030. Australian ammonium perchlorate (AP) market is witnessing accelerated growth, driven by the rapid expansion of the astronautics and defense sectors. In 2023-24, the astronautics sector expanded by 7.1%, significantly outpacing the national GDP growth of 2.7%. This surge aligns with the government’s Australian Civil Space Strategy (2019-2028), which aims to elevate the sector’s economic contribution from $3.1 billion to $8.2 billion through strategic initiatives and international partnerships, including collaborations with NASA, the European Space Agency, and the International Space Station.

Additionally, the defense sector is becoming a critical growth driver for the AP market, supported by the $2.8 billion Guided Weapons and Explosive Ordnance Enterprise (GWEO), designed to strengthen domestic munitions manufacturing. This initiative not only solidifies Australia’s defense production capabilities but also enhances its position in the global defense supply chain. As a result, AP is poised to play a pivotal role in both sectors, emphasizing its strategic importance in supporting national security and space exploration objectives. These dynamics indicate strong market prospects, with AP positioned as a cornerstone in Australia’s evolving aerospace and defense landscape.

According to Suryakant, Senior Research Analyst, 6Wresearch, ≥99% Purity dominated the revenue share within Australia Ammonium Perchlorate market, driven by its critical use in high-value sectors like defense and aerospace. These industries require consistent, reliable performance for applications such as rocket propellants and explosives, which demand the highest purity standards.

Australia Ammonium Perchlorate Market (2024-2030) report provides an in-depth analysis with 14 figures and 6 tables, covered in 66 pages. The report thoroughly covers the market, by purity, application, and end use. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers which would help stakeholders devise and align their market strategies according to the current and future market dynamics.