The global energetic materials market was valued at USD 25.5 billion in 2023 and is projected to reach USD 32.13 billion by 2032, reflecting a compound annual growth rate (CAGR) of 2.60% over the forecast period. This growth is driven by rising demand in both defense and commercial sectors, particularly in emerging economies focusing on infrastructure development and military modernization. The prices of energetic materials are subject to fluctuations based on raw material availability and regulatory factors. While increased demand supports price growth, advancements in manufacturing processes and alternative materials may offer cost-effective solutions, potentially stabilizing prices in the long term.