Solventless CarpetRoll Propellant Market - Forecast(2024 - 2030)

Report Code: CMR 1280 Report Format: PDF + Excel

Solventless CarpetRoll Propellant Market Overview

Solventless CarpetRoll Propellant Market size is forecast to reach US$405.2 million by 2027, after growing at a CAGR of 3.1% during 2022-2027. Carpet roll-type propellant is fabricated by taking the scroll grain that has the desired propellant composition on opposite sides of a reinforcing media. A successful carpet roll type propellant has been made utilizing the fabrication procedures disclosed by the applicant and utilizing a scroll grain that had a web thickness of 0.030 1- 0.00l inches, a grain width of 9 inches, a grain length of 96 inches, and a fiberglass reinforcing material of 14 X 18 mesh with a 0.013 strand diameter. The carpet roll propellant produced had reinforcement throughout the grain length and reinforcement of the propellant is maintained until burnout of the propellant. Double-base propellants generally require careful application of flame retardant inhibitors if one desires to protect the internal motor walls from flame. Polyvinyl chloride, ethylcellulose, and cellulose acetate are typical inhibitor materials for free-standing cartridge grains. The rapid growth of the mining industry is driving the market growth, for instance, according to the United States, Environment Protection Agency (EPA), in 2021 U.S. metal mine production was estimated to be US$28 billion which is 35% higher than the previous year and anticipated to grow in the forecast period. APAC holds the major share of the overall solventless-carpetroll propellant market. Ammonium perchlorate appears as a white, crystalline solid or powder, used to make rocket propellants, explosives, pyrotechnics, as an etching and engraving agent, and in analytical chemistry

Covid-19 Impact

The coronavirus disease 2019 (COVID-19) pandemic has plunged the world into an economic crisis vastly different from any in recent memory. The dual health and economic crisis were experienced in 2020, which will require more than monetary policy in the long term. Due to the imposition of lockdowns across different countries, companies are facing severe cash flow issues. Halting or slowing down of solventless-carpetroll propellant, as well as disruptions in the supply chain logistics globally owing to the outbreak of COVID-19, have resulted in reduced demand for solventless-carpetroll propellant. Besides, OECD data shows that global GDP decreased by 4.2% in 2020, while it is expected to increase by the same amount in 2021. By late 2021, the global economy is expected to return to pre-coronavirus levels, but this will be an uneven process across different countries.

Report Coverage

The “Solventless CarpetRoll Propellant Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Solventless CarpetRoll Propellant Industry.

By Type: Single Base and Double Base
By Application: Military (Guns, Artillery, Tanks, Rockets/Missiles, Aircraft, and Others), Mining (Metal Mining, and Non-Metal Mining), and Others
By Geography: North America (USA, Canada and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia, Netherlands, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), and Rest of the world (Middle East and Africa)

Key Takeaways

  • Asia Pacific dominates the Solventless CarpetRoll Propellant Market owing to a rapid increase in the military sector and mining sector.
  • Military Agencies Seeking for Advanced Gun and Rocket Systems and the rising growth of mining industry is driving the market growth.
  • Stringent government stringent regulation is hampering the market growth.

Figure: Asia Pacific Solventless CarpetRoll Propellant Market Revenue, By Application 2021-2027 (US$ Million)

Solventless CarpetRoll Propellant Market Revenue

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Solventless CarpetRoll Propellant Market Segment Analysis - By Type

The double Base segment held the largest share in the Solventless CarpetRoll Propellant Market in 2021 and is estimated to grow at 2.3% CAGR during 2022-2027. An area of propellant manufacturing is the extruded solvent less double-base rocket propellants. They are smokeless propellant grains mainly used in short-range systems like shoulder-launched systems, unguided rockets, and surface-to-air missiles and rockets. These are propellants with ballistic modifiers which alter the burning characteristics of the propellant, especially for use in the military or in the mining industry. Thus, the development in the end-use positively impacts the growth of Solventless CarpetRoll Propellant Market. For instance, in 2021 the Defense Procurement Policy has seeded the development of a robust Defence manufacturing environment in India. The Indian Government has announced a capital allocation of US$14 Billion towards modernization of the Army, Navy, and Airforce.

Solventless CarpetRoll Propellant Market Segment Analysis - By Application

Military segment held the largest share in the solventless carpet roll propellant market in 2021 and is forecast to grow at 3.2% CAGR during 2022-2027. The major ingredients of modern military propellants are actually few. They consist of fuels, oxidizers, and binders (polymers), and are fairly basic in their chemical nature and structure. The minor ingredients, used to assist or tie together the major ingredients, are more numerous and sometimes more complex. The interactions of these major and minor ingredients, when combined into a practical solid propellant, are especially complex. These interactions can take place at all stages of manufacture, storage, and use. The history of truly efficient military propellants is a fairly short one in this country, dating from 1900 for guns and from 1942 for rockets. However, the chemistry of propellant ingredients has a long history. For example, the use of black powder dates back more than 700 years in Europe and probably 1000 years in the Orient. These facts emphasize the point that mastering the really difficult science of propellants comes in understanding the complex interactions that take place in their preparation, storage, and use. Therefore, the development in the military sector anticipates the growth of Solventless CarpetRoll Propellant Market, for instance, according to Stockholm International Peace Research Institute, World military expenditure was US$1981 billion in 2021, an increase of 2.6 percent on 2020 in real terms.

Solventless CarpetRoll Propellant Market Segment Analysis - By Geography

Asia-Pacific had accounted for the largest share of 32% in 2021, analyzed to grow with a CAGR of 3.8% during the forecast period 2022-2027, followed by North America and Europe. APAC holds the dominance in the market particularly due to emerging economies like China and India. Many international companies have recently increased their presence in these regions. Over the years, China has produced 11% of the world's mines, making it the top exporter. The presence of key players such as Hitachi Construction Machinery Co., Ltd., and Komatsu Ltd. is providing a major contribution to the growth of the mining industry which is a key end-use industry in Solventless CarpetRoll Propellant Market. Increasing growth in the coal mining sector along with rising investments in research and development is fueling the growth of Solventless CarpetRoll Propellant Market in this region. Besides, according to Invest India, to develop a dynamic, robust, and competitive Defence industry, including the Aerospace and Naval Shipbuilding industry to cater to the needs of the Armed forces with quality products, India is all set to achieve a turnover of US$25 Billion including export of US$5 Billion in Defense goods and services by 2025. Thus, positively impacting the growth of Solventless CarpetRoll Propellant Market.

Solventless CarpetRoll Propellant Market Drivers

Military Agencies Seeking Advanced Gun and Rocket Systems

The growing safety concerns and the increasing need to protect the national borders and boundaries are inclining the government of different nations to spend more on their respective military, defense arms, and ammunition. Additionally, the increase in the number of instances of terror attacks in different countries has led them to increase their spending on military and defense applications, which drives the growth of the Solventless CarpetRoll Propellant Market. The constant government initiatives for the advancement of military systems are driving the market growth. For instance, US military expenditure grew by 4.4 percent in 2021, to US$778 billion. China 1.9 percent, India 2.1 percent, Russia 2.5 percent, and the UK 2.9 percent all increased their military spending in 2021. On the other hand, the Indian Defence Acquisition Council (DAC) approved the broad contours of the Strategic Partnership Model (SPM) in its meeting held in 2019, the policy is intended to engage the Indian private sector in the manufacture of hi-tech defense equipment in India. It is an establishment of long-term strategic partnerships with qualified Indian industry majors through a transparent and competitive process. Thus, escalating the growth of Solventless CarpetRoll Propellant Market.

The rising demand from the Mining Industry

The increase in demand for underground mining equipment owing to proactive changes in energy efficiency regulations by various governments across the globe is contributing to industry growth. The growth of infrastructure along with an increase in mining activities is contributing to the segment growth. Besides, the adoption of synchronized solventless carpetroll propellant offers a significant advantage to manufacturers and consumers. According to Federal Highway Administration Research and Technology, it is estimated that mining processes of mineral ores generate approximately 1.6 billion metric tons of mineral processing waste each year in the U.S. The new norms include recycling and proper treatment before disposal. Thus, anticipating the overall market growth of Solventless CarpetRoll Propellant Market.

Solventless CarpetRoll Propellant Market Challenges

Stringent regulatory policies

 A volatile organic compound (VOC) is any chemical that becomes a gas at room temperature and has the potential to react with the surrounding atmosphere. VOCs are dangerous to air quality because when they react with nitrogen oxide under UV radiation, ground-level ozone is formed. This rule establishes a number of categories for the max VOC level for field-applied coatings to stationary structures, pavements or curbs. Therefore, these factors might hamper the market growth.

Solventless CarpetRoll Propellant Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Solventless CarpetRoll Propellant Market. Solventless CarpetRoll Propellant Market top 10 companies include:

  1. RPC Group Plc (UK)
  2. Reynolds Group Holdings Limited (New Zealand)
  3. Crown Holdings Inc. (U.S.)
  4. Amcor Limited (Australia)
  5. Rexam PLC (UK)
  6. Berry Plastics Corporation (U.S.)
  7. Silgan Holdings Inc. (U.S.)
  8. AptarGroup Inc. (U.S.)
  9. Guala Closures Group (Italy)
  10. BERICAP GmbH Co. & KG (Germany).

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1. Solventless CarpetRoll Propellant Market - Market Overview
    1.1 Definitions and Scope 
2. Solventless CarpetRoll Propellant Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Application
    2.3 Key Trends by Geography
3. Solventless CarpetRoll Propellant Market – Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Solventless CarpetRoll Propellant Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Solventless CarpetRoll Propellant Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Solventless CarpetRoll Propellant Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Solventless CarpetRoll Propellant Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. Solventless CarpetRoll Propellant Market – By Type (Market Size -US$ Million/Billion)
    8.1 Single Base
    8.2 Double Base 
9. Solventless CarpetRoll Propellant Market – By Application (Market Size -US$ Million/Billion)
    9.1 Military
        9.1.1 Guns
        9.1.2 Artillery
        9.1.3 Tanks
        9.1.4 Rockets/Missiles
        9.1.5 Aircraft
        9.1.6 Others
    9.2 Mining
        9.2.1 Metal Mining
        9.2.2 Non-Metal Mining
        9.2.3 Others
10. Solventless CarpetRoll Propellant Market - By Geography (Market Size-US$ Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Netherlands
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zealand
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
        10.5.2 Africa
11. Solventless CarpetRoll Propellant Market – Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs, and Partnerships
12. Solventless CarpetRoll Propellant Market – Industry/Segment Competition Landscape Premium
    12.1 Company Benchmarking Matrix – Major Companies
    12.2 Market Share by Key Region - Major companies
    12.3 Market Share by Key Country - Major companies
    12.4 Market Share by Key Application - Major companies
    12.5 Market Share by Key Product Type/Product category - Major companies
13. Solventless CarpetRoll Propellant Market – Key Company List by Country Premium Premium
14. Solventless CarpetRoll Propellant Market  Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best-efforts basis for private companies"