Smokeless Powder Market Report 2025 (Global Edition)

Global Smokeless Powder Market Report 2025 Market Size Split by Type Outlook: (Single-Base Powder, Double-Base Powder, Triple-Base Powder), by Application Outlook: (Hunting, Shooting Sports, Armed For...

Smokeless Powder Market Report Description

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Smokeless Powder Market Insights Video

Competitive Landscape of the Smokeless Powder Market

The competitive landscape of the smokeless powder market is characterized by a range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized smokeless powder companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

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

• General Dynamics
• Rheinmetall Defence
• Australian Munitions
• Eurenco
• MAXAM Corp
• BAE Systems
• Forcit
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*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 the Smokeless Powder Market

Which Region Dominates the Smokeless Powder Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's growing participation in recreational shooting, advancements in gun technologies, and a rise in military modernization programs. Safety regulations and environmental considerations also play a significant role in market dynamics.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Smokeless Powder market due to the region's rising military expenditures, expanding arms manufacturing, and growing participation in shooting sports. Additionally, stricter regulations favoring smokeless powder over traditional alternatives contribute to market expansion. These factors underscore a robust outlook for the industry in the region.

 

The current report Scope analyzes Smokeless 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, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Smokeless Powder Market Analysis

<P>According to Cognitive Market Research, the global smokeless powder market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.</P> <ul><li>According to Cognitive Market Research, the US had a major share in the smokeless powder market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The nation's advancements in military technology.</li> <li>The Canada smokeless powder market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Canada's strict government food safety rules in developing nations.</li> <li>The Mexico smokeless powder market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD XX million in 2024.</li></ul>

Europe Smokeless Powder Market Analysis

<p>According to Cognitive Market Research, the global smokeless powder market size was estimated at USD XX Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031. </P> <ul><li>The United Kingdom smokeless powder market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. In the UK, smokeless powder sales witness an upswing due to the nation's rising demand for this technology.</li> <li>The France smokeless powder market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD XX million in 2024.</li> <li>According to Cognitive Market Research, the German smokeless powder market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In Germany, smokeless powder surged due to the presence of major market players.</li> <li>The Italy smokeless powder market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD XX million in 2024.</li> <li>The Russia smokeless powder market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD XX million in 2024.</li> <li>The Spain smokeless powder market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD XX million in 2024</li> <li>The Luxembourg smokeless powder market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD XX million in 2024.</li> <li>The Portugal smokeless powder market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD XX million in 2024.</li> <li>The Greece smokeless powder market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD XX million in 2024.</li> <li>Rest of Europe's smokeless powder market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD XX million in 2024.</li></ul>

Asia Pacific Smokeless Powder Market Analysis

<P>According to Cognitive Market Research, the global smokeless powder market size was estimated at USD XX Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.</P> <ul><li>According to Cognitive Market Research, the China smokeless powder market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Smokeless powder surged in China due to the adoption of various technologies.</li> <li>The Japan smokeless powder market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD XX million in 2024.</li> <li>The India smokeless powder market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. India's supportive initiatives taken by the government.</li> <li>The South Korean smokeless powder market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD XX million in 2024.</li> <li>The Australian smokeless powder market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD XX million in 2024.</li> <li>The South East Asia smokeless powder market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD XX million in 2024.</li> <li>The Rest of Asia Pacific smokeless powder market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD XX million in 2024.</li></ul>

South America Smokeless Powder Market Analysis

<P>According to Cognitive Market Research, the global smokeless powder market size was estimated at USD XX Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. .</P> <ul><li>According to Cognitive Market Research, the Brazil smokeless powder market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Smokeless powders flourished in Brazil due to the innovation in shooting sports.</li> <li>Argentina's smokeless powder market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Argentina's technological advancements augment the demand.</li> <li>Colombia smokeless powder market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD XX million in 2024.</li> <li>Peru smokeless powder market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD XX million in 2024.</li> <li>Chile smokeless powder market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD XX million in 2024.</li> <li>The Rest of Latin America's smokeless powder market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD XX million in 2024.</li></ul>

Middle East Smokeless Powder Market Analysis

<P>According to Cognitive Market Research, the global smokeless powder market size was estimated at USD XX 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 XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031..</P> <ul><li>The GCC Countries smokeless powder market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD XX million in 2024. Smokeless powder sales flourish due to the presence of major market players.</li> <li>The Egypt smokeless powder market is projected to witness growth at a CAGR of 5.50% during the forecast period, with a market size of USD XX million in 2024.</li> <li>The South Africa smokeless powder market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD XX million in 2024. Smokeless powder sales flourish in South Africa due to technological advancements, increasing demand, and regulatory support.</li> <li>The Turkey smokeless powder market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD XX million in 2024.</li> <li>The Nigeria smokeless powder market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD XX million in 2024.</li> <li>The Rest of MEA smokeless powder market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD XX million in 2024.</li></ul>

Smokeless Powder Market Analysis

How are Segments Performing in the Global Smokeless Powder Market?

Smokeless Powder Market Type Segment Analysis

According to Cognitive Market Research, double-base powder stands out as the dominant category over the projected period due to innovations in double-base powder formulations. These formulations offer enhanced energy and performance, optimizing ballistics. The market's expansion is propelled by rising defense spending and interest in high-performance ammunition. Advanced technologies continue to drive the sector's evolution and product diversity.

Triple-base powder emerges as the fastest-growing category in the smokeless powder market. Triple-base powders, incorporating nitroglycerin, offer enhanced performance but with increased sensitivity. Innovations in manufacturing techniques and regulatory compliance are pivotal for market growth and safety assurance in this dynamic sector.

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 Smokeless Powder Industry. Request a Free Sample PDF!

Smokeless Powder Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is hunting due to the increased demand for hunting ammunition. As more hunters embrace smokeless powder for its efficiency and reduced environmental impact, manufacturers are adapting to supply a broader range of powders.

The fastest-growing category in the smokeless powder market is shooting sports due to technological advancements and performance improvements in firearms and ammunition. Its development fuels innovations that enhance accuracy, safety, and efficiency, meeting the evolving demands of shooting enthusiasts and professionals alike while contributing significantly to the overall growth and sustainability of the firearms sector.

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

Smokeless Powder End-User Outlook: Segment Analysis

Smokeless Powder Market End-User Segment Analysis

According to Cognitive Market Research, the dominant category is government due to the increasing military and defense expenditures globally. Government regulations on safety and environmental impact are shaping product innovation and market expansion.

The fastest-growing category in the smokeless powder market is commercial due to growing interest in recreational shooting and hunting, coupled with advancements in manufacturing technology, which bolsters its commercial usage. Enhanced safety standards and environmental regulations also impact market dynamics, favoring cleaner, more efficient formulations.

• Government
• Private
• Commercial

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• 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
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion