Gun Powder Market Report 2025 (Global Edition)

Global Gun Powder Market Report 2025 Market Size Split by Burn Type (Smokeless, Smoke), by Application (Military & Defense, Entertainment, Mining, Fireworks, Construction, Others)

Gun Powder Market Report Description

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Competitive Landscape of the Gun powder Market

Leading market participants are working together with other businesses in an attempt to keep one step ahead of the competition. Many businesses are also investing in introducing new products to increase their variety. Another important tactic players use to diversify their product lines is mergers and acquisitions.

Gunpowder industry news

In October 2020, The Ramshot and Accurate smokeless powder brands and the Blackhorn 209 muzzleloader brand were acquired by Hodgdon Powder Company from Western Powders.

(Source: https://ultimatereloader.com/2020/10/01/breaking-hodgdon-powder-company-acquires-multiple-brands/)

Top Companies Market Share in Gun Powder Industry: (In no particular order of Rank)

• Hodgdon
• Chemring Energetics
• NobelSport
• Alliant Powder
• Accurate Powders
• IMR Powder
• Ramshot Powders
• Shooters World
• Vihtavuori
• Winchester Smokeless Powders
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Gun powder

Which Region will Dominate the Gunpowder Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America is expected to maintain its larger gunpowder market share relative to other regions throughout the projected period due to the extensive use of gunpowder in the construction, entertainment, and military sectors. Among the countries covered in the North American region are the United States, Canada, and Mexico.

Which is Expanding at the Fastest CAGR?

The Asia Pacific region is witnessing an increase in sales. It is important to remember that most Asia Pacific nations have strict regulations governing gunpowder production, importation, and distribution. Strict licensing processes are in place to regulate the use of these potentially hazardous materials. The demand for commercial explosives in mining and building operations, growing military spending in nations like China and India, and the growing popularity of leisure shooting sports all contribute to the growth of the APAC gunpowder market.

The current report Scope analyzes Gun Powder Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Gun Powder Market

According to Cognitive Market Research, the global Gun powder market size was estimated at USD 22512.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 9004.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031. Particularly in the United States, a large percentage of citizens have gun ownership. This increases the need for gunpowder for shooting sports and reloading ammunition. The US and other North American countries extensively invest in their armed forces. This means that there will always be a need for gunpowder to make explosives and military-grade ammunition. In many regions of North America, hunting is still a popular activity. Gunpowder is needed to make hunting ammunition.

• According to Cognitive Market Research, the US had a major share in the Gun powder market with a market size of USD 7104.85 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The U.S. has a strong culture of gun ownership, with a significant portion of the population participating in activities like hunting, target shooting, and recreational shooting. This translates to a steady demand for propellants like gunpowder.
• The Canada Gun powder market had a market share of USD 1080.59 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canadian regulations on firearms and explosives can impact the demand for gunpowder.
• The Mexico Gun powder market is projected to grow at a CAGR of 3.7% during the forecast period, with a market size of USD 819.44 million in 2024.

Europe Gun Powder Market

According to Cognitive Market Research, with a market value of USD 22512.2 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 6753.66 million. The need for defense in Europe may affect the market. Propellants for weapons and ammunition may become more in demand due to geopolitical worries and investments in armed forces. In several European nations, hunting is still a common pastime.  This leads to a consistent need for gunpowder for reloading ammo, coupled with sport shooting. Strict laws about safety, licensing, and storage may affect the market. However, laws that encourage safety and responsible use may also encourage more people to participate in shooting sports, which would ultimately change demand.

• The United Kingdom Gun powder market had a market share of USD 1134.61 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. As a major military power, the UK has a steady demand for gunpowder for ammunition and other defense applications.
• The France Gun powder market is projected to grow at a CAGR of 2.7% during the forecast period, with a market size of USD 621.34 million in 2024.
• According to Cognitive Market Research, the German Gun powder market size was valued at USD 1337.22 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. Germany has strict gun control laws, which likely limit the civilian demand for gunpowder.
• The Italy Gun powder market is projected to grow at a CAGR of 2.9% during the forecast period, with a market size of USD 580.81 million in 2024.
• The Russia Gun powder market is projected to grow at a CAGR of 2.5% during the forecast period, with a market size of USD 1046.82 million in 2024.
• The Spain Gun powder market is projected to grow at a CAGR of 2.6% during the forecast period, with a market size of USD 553.80 million in 2024.
• The Luxembourg Gun powder market is projected to grow at a CAGR of 3.6% during the forecast period, with a market size of USD 209.36 million in 2024.
• The Portugal Gun powder market is projected to grow at a CAGR of 3.3% during the forecast period, with a market size of USD 141.83 million in 2024.
• The Greece Gun powder market is projected to grow at a CAGR of 3.8% during the forecast period, with a market size of USD 81.04 million in 2024.
• The rest of Europe Gun powder market is projected to grow at a CAGR of 2.2% during the forecast period, with a market size of USD 1046.82 million in 2024.

 

Asia Pacific Gun Powder Market

According to Cognitive Market Research, the global Gun powder market size was estimated at USD 22512.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 5177.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031. Propellers for weapons and military ammo are in greater demand due to nations like China and India continuously raising their defense spending.  The demand for civilian-grade gunpowder is driven by a rise in interest in outdoor pursuits like hunting and sport shooting in several regions of Asia Pacific. China is a significant producer and consumer of fireworks in the Asia Pacific area. This leads to a substantial need for gunpowder used in fireworks.

• According to Cognitive Market Research, the China Gun powder market size was valued at USD 2330.01 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Due to its historical association and ongoing use, China likely has a well-established gunpowder production industry.
• The Japan Gun powder market is projected to grow at a CAGR of 5.5% during the forecast period, with a market size of USD 714.54 million in 2024.
• The India Gun powder market had a market share of USD 621.34 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. India is constantly upgrading its military with new weaponry and ammunition. This leads to an increased demand for gunpowder as a fuel.
• The South Korean Gun powder market is projected to grow at a CAGR of 6.1% during the forecast period, with a market size of USD 517.78 million in 2024.
• The Australian Gun powder market is projected to grow at a CAGR of 6.7% during the forecast period, with a market size of USD 269.25 million in 2024.
• The South East Asia Gun powder market is projected to grow at a CAGR of 8.0% during the forecast period, with a market size of USD 357.27 million in 2024.
• The Rest of the Asia Pacific Gun powder market is projected to grow at a CAGR of 6.8% during the forecast period, with a market size of USD 367.62 million in 2024.

 

South America Gun Powder Market

According to Cognitive Market Research, the global Gun powder market size was estimated at USD 22512.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 1125.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. In certain Latin American nations, an increase in gang violence and crime rates may cause a spike in the market for handguns used for personal defense. Consequently, there is a rise in the need for gunpowder, an essential element in munitions. Numerous Latin American nations are engaged in military modernization initiatives that entail the acquisition of new weapons and ammunition. These government expenditures fuel the gunpowder market. In some regions of Latin America, hunting and target shooting as recreational shooting activities are becoming increasingly popular. As a result, the market for smokeless powder used in sporting ammunition is expanding. Gunpowder is also used for controlled blasting in the construction and mining industries. Growth in these sectors may increase the market for gunpowder.

• According to Cognitive Market Research, the Brazil Gun powder market size was valued at USD 481.76 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Shooting sports like hunting and target shooting are gaining popularity in Brazil. This translates to a larger consumer base for smokeless powder, commonly used in these activities.
• The Argentina Gun powder market had a share of USD 189.10 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Argentina's military and law enforcement agencies might use more gunpowder for training and operations.
• The Colombia Gun powder market is projected to grow at a CAGR of 4.2% during the forecast period, with a market size of USD 100.18 million in 2024.
• The Peru Gun powder market is projected to grow at a CAGR of 4.6% during the forecast period, with a market size of USD 92.30 million in 2024.
• The Chile Gun powder market is projected to grow at a CAGR of 4.7% during the forecast period, with a market size of USD 81.04 million in 2024.
• The Rest of the Latin America Gun powder market is projected to grow at a CAGR of 3.5% during the forecast period, with a market size of USD 181.22 million in 2024.

 

Middle East and Africa Gun Powder Market

According to Cognitive Market Research, the global Gun powder market size was estimated at USD 22512.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 450.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. Geopolitical tensions and regional instability drive military spending in the Middle East and Africa (MEA). This translates into a need for weapons and ammo, fueling the gunpowder market. Many of the MEA region's nations are engaged in protracted regional conflicts or make significant military investments. Gunpowder may become more in demand for ammunition due to this. In some areas of the MEA, hunting is a popular pastime, which may increase demand for smokeless propellants used in hunting ammunition. Novel developments in gunpowder compositions that enhance functionality or address particular requirements may generate a specialized industry.

• According to Cognitive Market Research, the GCC Countries Gun powder market size was valued at USD 192.70 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. The GCC's strategic location and history of regional instability have led countries to invest in their militaries. This, in turn, increases demand for gunpowder for ammunition production.
• The Egypt Gun powder market is projected to grow at a CAGR of 5.0% during the forecast period, with a market size of USD 47.28 million in 2024.
• The South African Gun powder market is projected to grow at a CAGR of 5.7% during the forecast period, with a market size of USD 71.14 million in 2024. South Africa has a high rate of civilian firearm ownership, with many citizens utilizing guns for hunting, sport shooting, and self-defense.
• The Turkey Gun powder market is projected to grow at a CAGR of 4.2% during the forecast period, with a market size of USD 38.72 million in 2024.
• The Nigeria Gun powder market is projected to grow at a CAGR of 3.8% during the forecast period, with a market size of USD 47.28 million in 2024.
• The Rest of the MEA Gun powder market is projected to grow at a CAGR of 3.7% during the forecast period, with a market size of USD 53.13 million in 2024.

Gun Powder Market Analysis

Gunpowder Burn Type Segment Analysis

According to Cognitive Market Research, smokeless held the major market share over the forecast period. The smokeless powder category is the most popular in the market for gunpowder. Compared to black powder, smokeless powder emits less smoke and fouling and is utilized in weapons and artillery. Because of this, contemporary rifles find it to be a more attractive fuel.

Smoke is the fastest-growing category over the forecast period. In the ninth century, the Chinese invented the first kind of gunpowder. When burned, it produces a thick cloud of smoke, burning significantly dirtier than smokeless powder. Certain muzzleloading rifles and historical reenactments still employ black powder.

• Smokeless
• Smoke

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Gun Powder Industry. Request a Free Sample PDF!

Gunpowder Application Segment Analysis

According to Cognitive Market Research, military & defense hold a prominent market share. Global military budget growth and geopolitical unrest drive the demand for gunpowder. For example, as nations seek to bolster their military prowess and restock their arsenals, the recent conflict between Russia and Ukraine has resulted in a sharp spike in the demand for gunpowder.

Entertainment is the fastest-growing category over the forecast period. A crucial component of pyrotechnics, gunpowder produces realistic explosions and other visual effects for stage, film, and television productions. The entertainment industry's need for gunpowder can be fueled by larger-scale projects that depend on striking images.

• Military & Defense
• Entertainment
• Mining
• Fireworks
• Construction
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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Author's Conclusion