The Ammonium Perchlorate Market is estimated at USD 2,224 Million in 2022. Further, the market is expected to grow from USD 2,330 Million in 2023 to USD 3,471 Million in 2030 at a CAGR of 5.72%.
Ammonium Perchlorate Market Market Overview
Ammonium Perchlorate (NH4ClO4) is inorganic compound and a powerful labile oxidizer that appears as a white, crystalline solid or powder. It is produced by the reaction between ammonia and perchloric acid or by double decomposition between an ammonium salt and sodium perchlorate. When mixed with the fuel, ammonium perchlorate can also generate self-sustained combustion under atmospheric pressure. It is an important oxidizer with a decades-long history of use in solid fuel rocket propellants, space launches, fireworks, gunpowder, light signals, model rockets, or explosives. Ammonium perchlorate is in high demand and is produced in large quantities.
A series of regulations must govern the purchase and handling of the product since this chemical compound and all its chemical derivatives are substances whose handling needs very professional competence. Many countries make large purchases of ammonium perchlorate for the military from factories or entities that produce, of which they prefer not to provide any information. If ammonium perchlorate is in contact for a long time, it can cause significant irritation of the mucous membranes, redness of the skin, pain in the eyes, burning sensation, vomiting, nausea, diarrhea, and others.
Latest Trends in Ammonium Perchlorate Market
Growing Demand for Airbag Propellant Chemicals in the Automobile Industry:
The demand for fuel-efficient and cutting-edge automobiles increased due to urbanization, disposable income, and changing lifestyles. Global digitalization and electric mobility are estimated to change how the automotive industry develops in the future. The use of airbags in a high-tech automobile has increased over the past years due to the surge in safety concerns. Airbag propellant chemicals have experienced growth during the past few years owing to the development of safe vehicles. Airbag propellant plays a significant role in airbag working, which helps inflate the airbag at a specific time.
The gas generation is done with the combustion of propellent after a car collision which fills the airbag. Technological development, increase in road travel, rise in urbanization, and increase in automobile production have further increased the demand for airbags and propellent chemicals. Airbag manufacturers and automobile installations must abide by various laws to ensure public safety. It has been noted that the installation of ruptured airbags has frequently caused harm to drivers & passengers. The type of propellant used in airbags is subject to government controls since it degrades over time, particularly after meeting moisture in humid environments. It is expected to balance environmental and industrial policies by reducing CO2 gas emissions from the automotive and transportation sectors.
Ammonium Perchlorate Market Size, by Purity
Ammonium Perchlorate Market Drivers
Growth in the Chemical Industry across the globe:
Although the chemicals industry contracted slightly during the COVID-19 pandemic, new opportunities are opening, driven by shifts in customer demand and new technologies. The global outlook for chemical production is positive, especially for China and emerging economies. Environmental concerns & strict regulatory issues are at a tipping point for the chemicals industry and are impacting businesses across the sectors.
In addition to chemical regulations in most major markets, including the U.S., Europe and China, consumers have a growing demand for green and ethical products. The ongoing adoption of technological advancements is a feature of the chemicals industry that can be seen in every segment and provides opportunities and risks. As of 2021, there were 490 active ammonia plants in 64 countries, producing approximately 185 million metric tons annually.
China produces the most ammonia of any country, about 15% of global production. With global ammonia demand increasing, producers are evaluating ever-larger plants to maximize economies of scale. While operating at scale reduces the gap between demand and supply, increasing output has made ammonia the world’s second most produced chemical – with global production accounting for 2% of the world’s fossil fuel use.
Ammonium Perchlorate Market Challenges
Recent Advances in New Oxidizers for Solid Rocket Propulsion:
Ammonium perchlorate, the workhorse of oxidizers in solid rocket and missile propellants, exhibits various environmental issues resulting from the release of perchlorate into groundwater, which has been directly linked to thyroid cancer. Furthermore, the generation of hydrochloric acid causes the depletion of the ozone layer and leads to high concentrations of acid rain.
Many efforts have been devoted to developing solid propellants using green oxidizers, demonstrating fewer hazards and environmentally friendly chlorine-free combustion products. The currently developed substitutes need optimization to satisfy all the ideal oxidizer requirements fully. Thus, finding green, high-performing replacements for ammonia perchlorate is a top priority internationally and needs further endeavors to reach its aim.
Propellant formulations, including green oxidizers, are expected to advance state-of-the-art solid rocket propellants and reduce the environmental concerns caused by using ammonia perchlorate. Several energetic oxidizers have appeared in the last few decades, but most still need to be practically employed in real applications because of their various drawbacks.
Ammonium Perchlorate Market Size, by Geography
Companies Mentioned
AMERICAN PACIFIC
PANDIAN CHEMICALS, LTD.:
DALIAN GAOJIA CHEMICAL CO., LTD.
CALIBRE CHEMICALS PVT., LTD.
TANYUN CHEMICALS
BASF Corp
Solvay SA
Akzo Nobel N.V.
