Major Growth Driver Identified in 2025 Smokeless Powder Market: Rising Military Expenditure Driving The Growth Of The Market Due To Increasing Defense Spending And Geopolitical Tensions

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Smokeless Powder Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the recent past, the size of the smokeless powder market has experienced a stable expansion. It is anticipated to increase from a worth of $2.56 billion in 2024 to $2.67 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.2%. Factors contributing to the growth during the historic period include a surge in utilization for hunting and sport shooting, growing interest in recreational shooting, enhanced ballistic efficiency of smokeless powder, and the expansion of private security services.

Smokeless Powder Market Size Forecast: What's the Projected Valuation by 2029?
Predictions suggest consistent expansion for the smokeless powder market, which is expected to reach $3.11 billion by 2029, with a compound annual growth rate (CAGR) of 3.9%. The projected growth during this period is based on factors such as increased ammunition needs in the defense and military sectors, the growth of global defense budgets, and the rise in civilian gun ownership. Additionally, expanded worldwide law enforcement agencies and the transition from traditional black powder to smokeless powder support the growth expectations. The forecasted period is also poised to witness trends such as non-toxic and eco-friendly powders, the development of unique powders to accommodate various calibers, technological advancements for improved manufacturing processes, tailored ammunition, and emphasis on manufacturing lightweight and compact powder formulations.

View the full report here:
https://www.thebusinessresearchcompany.com/report/smokeless-powder-global-market-report

What Are the Drivers Transforming the Smokeless Powder Market?
The predicted rise in military spending is set to stimulate expansion in the smokeless powder market in the forthcoming years. The collective funds allocated by a nation for the upkeep and improvement of its defense capabilities is what constitutes their military expenditure. The escalation of geopolitical conflicts is pressuring countries to amplify their military budgets in order to intensify defense preparedness amidst regional disagreements and global contests for power. This surge in defense capital creates a demand for smokeless powder, crucial to the production of enhanced ammunition that delivers superior performance and minimizes visibility during warfare. For example, records from the Stockholm International Peace Research Institute, an organization based out of Sweden, indicate that worldwide military expenditure in April 2025 amounted to 2,718 billion dollars in 2024, representing a 9.4% surge in real terms from the preceding year. As a result, the rise in military spending is expected to drive the expansion of the smokeless powder market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=25572&type=smp

What Long-Term Trends Will Define the Future of the Smokeless Powder Market?
Major firms in the smokeless powder industry are concentrating their efforts on the creation of improved products, like smokeless propellants, which deliver superior energy efficiency. Smokeless propellants are substances used in guns and explosives that produce hardly any smoke upon ignition, as opposed to traditional gunpowder. For example, in January 2023, the Hodgdon Powder Company, a propellant manufacturer based in the United States, introduced the Winchester StaBALL HD, a type of smokeless propellant. This type of BALL Powder maintains stability over diverse temperature ranges, offering reliable performance in both hot and cold environments. It contains eco-friendly additives which help lessen copper accumulation, allowing prolonged shooting without necessitating barrel cleaning. Its high density permits speed augmentations from 30 to 200 feet per second compared to other powders in the same category. Created as a double-base powder, it is tailored for larger-capacity magnum cartridges and advocated as a smokeless propellant for recharging ammunition.

Which Segments in the Smokeless Powder Market Offer the Most Profit Potential?
The smokeless powder market covered in this report is segmented -

1) By Type: Single Base, Double Base, Triple Base
2) By Composition: Nitrocellulose, Nitroglycerin, Dinitrotoluene, Ethyl Centralite
3) By Distribution Channel: Online, Offline, Direct Sales
4) By Application: Military, Civilian, Law Enforcement, Sport Shooting, Hunting

Subsegments:
1) By Single Base: Nitrocellulose Powder, Gelatinized Nitrocellulose Powder
2) By Double Base: Nitrocellulose And Nitroglycerin Powder, Stabilized Double Base Powder
3) By Triple Base: Nitrocellulose, Nitroglycerin, And Nitroglycol Powder, Enhanced Energy Triple Base Powder

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=25572&type=smp

Which Firms Dominate the Smokeless Powder Market by Market Share and Revenue in 2025?
Major Companies operating in the smokeless powder market are General Dynamics Corporation, BAE Systems plc, Rheinmetall AG, Poongsan Corporation, MAXAM Corp Holding SL, Norma Precision AB, RUAG Ammotec GmbH, Eurenco S.A.S., Forcit Oy, Goex Powder, The Kinetic Group LLC, Nitrochemie AG, Hodgdon Powder Company Inc., Western Powders Inc., Nobel Sport S.A., Theales Australia Limited, Nammo Vihtavuori Oy, IMR Powder Company, Winchester Smokeless Powders, Lovex Powder

Which Regions Offer the Highest Growth Potential in the Smokeless Powder Market?
North America was the largest region in the smokeless powder market in 2024. The regions covered in the smokeless powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=25572

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.