Global Military Explosives and Propellants Market: Modernization Programs and Geopolitical Tensions Fuel Steady 3.8% Growth to USD 15.76 Billion by 2032
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Global Military Explosives and Propellants Market continues to demonstrate steady growth, valued at USD 11.32 billion in 2024 . According to comprehensive market analysis, the sector is projected to expand at a CAGR of 3.8% through 2032, reaching approximately USD 15.76 billion . This upward trajectory reflects increasing defense budgets worldwide and ongoing modernization of military arsenals, particularly in geopolitically sensitive regions. Military explosives and propellants form the backbone of modern defense systems, serving critical functions ranging from munitions propulsion to demolition applications. While propellants dominate consumption (72% market share), the explosives segment is gaining momentum due to evolving warfare technologies and precision strike requirements. Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/219505/global-military-explosives-propellants-market-2023-2029-153 Market Overview & Regional Analy...