The global military propellants and explosives market was valued at USD 3,631.58 million in 2024 and is projected to reach USD 3,840.1 million in 2025, growing to USD 6,001.4 million by 2033, with a CAGR of 5.74% during 2025–2033. This growth is fueled by increasing defense budgets and the need for advanced munitions. Prices for military pyrotechnic fuels are influenced by raw material costs and technological advancements. While increased production may lead to economies of scale, the specialized nature of these fuels and the emphasis on performance and safety standards can maintain higher price points.