Hybrid Propellants Market

Hybrid Propellants Market Forecast and CAGR

According to latest research by Fact.MR, hybrid propellants market is set to witness a CAGR over 6% during 2021-2031. The demand is increasing in the developing countries entering into the world of space research. The evolving needs of the developed nations on composition of the hybrid propellants in the market to drive the demand during the forecast period.

What is Driving Demand for Hybrid Propellants?

The hybrid propellants are comparatively much safer for the environment than the conventional rocket fuels, due to the presence of chlorine in them. The byproducts released as a result of combustion do not pose minimal threat to the environment. This is one of the major benefits of hybrid propellants compared to liquid and solid propellants. They provide myriad benefits over the solid and liquid propellants altogether.

The most vital property of the hybrid propellants is that they inherent safe storage of the fuel in the solid phase. They can be shut down easily are easy to handle, economically feasible and also provide smooth throttle control. Fuel used in hybrid propellants can be produced at any conventional manufacturing site without any danger of explosion. Therefore, it leads to savings in investments which goes towards its manufacturing and launch procedures.

Upcoming Space Missions to Bolster Hybrid Propellant Demand

There are more than 50+ space mission going to be held during 2021-2031. NASA have recently launched its upcoming planetary events list, with its new solar orbiter mission to commence on 8th August 2021. Similar, missions are planned by the Americas private space organization SpaceX. With these many new missions in the coming years, the demand for propellants is estimated to be sky-rocketing.

Most of the organizations focus is on development of light weighted economical rockets with efficient propulsion. The hybrid propellant is the one which is economically feasible and has lighter mass compared to other fuel forms. Thus, its demand will increase significantly during the forecast period.

North America and Europe Hybrid Propellants Market Outlook

North America and Europe are the pioneers when it comes to space technology innovation. This makes them the most prominent geographic cluster of regions for the global hybrid propellant demand and both collectively account for more than one-third share of the overall hybrid propellants market value.

There has been focus on research and innovation by top notch space agencies such as European Space Agency, NASA and SpaceX in the region to develop efficient, safe and high-performance rocket fuels which will drive the shipment further in the forthcoming years. The rocket propulsion technology has observed several innovations in the past few years.

This has majorly happened because of key developments in the hybrid propulsion competitive landscape. It has also lead to the launching of various low-cost missiles, space crafts and orbiting satellites. The regional market is estimated to grow at a rate of over 1.6X during the forecast period and will supplement the overall growth of the hybrid propellant business.

Asia Pacific Demand Outlook for Hybrid Propellants

The advancements in the space technology now have not just been restricted to the developing economies in North America and Europe, rather they have also gained foothold in the developing economies in the Asia Pacific region. India is leading the change in this direction with its national space agency, Indian Space Research Organization (ISRO) effectively carrying out several space missions through public private partnerships.

The innovations in space technology play a vital role in the region for various aspects such as agriculture, weather forecast, spearheading digital revolution, enhancing national security among others. This increase in demand provides substantial prospects for the sales of hybrid propellants in the region during the forecast period. This region have high capability for the new entrants to create a room for them as most of the countries here are developing.

Who are the Key Manufacturers and Suppliers of Hybrid Propellants?

Some of the leading manufacturers and suppliers of hybrid propellants include

• Antrix
• Aerojet Rocketdyne
• SpaceX
• Blue Origin
• Mitsubishi Heavy Industries
• Northrop Grumman (Orbital ATK)
• The Boeing Company
• Safran S.A. (ArianeGroup)
• China Great Wall Industry Corporation
• IHI Corporation
• NPO Energomash
• Virgin Galactic
• Yuzhmash
• Rocket Lab
• Lockheed Martin Corporation
• National Aeronautics
• Space Administration (NASA) among others.

The market is moderately consolidated and have countable number of key players involved in controlling the hybrid propellants business. The players are inclining towards establishing long term contracts with the end-users and are emphasizing more on improving the fuel quality and composition based on the evolving requirements of the users. For new entrants to enter this business starting up in developing countries investing in space research, would fetch them new business opportunities during their initial years.

Hybrid Propellants Market Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

Key Segments

• By Platform

  • Satellites
    • CubeSats
    • Small Satellites
      • Nanosatellites
      • Microsatellites
      • Minisatellites
    • Medium Satellites (500-2,500 KG)
    • Large Satellites (>2,500kg)
  • Capsules/Cargos
    • Crewed Spacecraft or Human Space flight
    • Uncrewed or Unmanned Spacecraft
  • Interplanetary Spacecraft & Probes
  • Rovers/Spacecraft Landers
  • Launch Vehicles
    • Small Launch Vehicles (<350,000 Kg)
    • Medium to Heavy Launch Vehicles (>350,000 KG)
    • Reusable Launch Vehicles

• By System Component

  • Thrusters
    • Chemical Propulsion Thrusters
      • Cold & Warm Gas Thrusters
      • Monopropellant Thrusters
      • Bipropellant Thrusters
    • Electric Propulsion Thrusters
      • Gridded Ion Engine (GIE) or Ion Thruster
      • Hall Effect Thruster (HET)
      • High-Efficiency Multi-Stage Plasma Thruster (HEMP-T)
      • Pulsed Plasma Thruster (PPT)
      • Quad Confinement Thruster (QCT)
      • Magneto Plasma Dynamic (MPD) Thruster
      • Others
    • Propellant Feed Systems
      • Propellant Tanks
        • Monopropellant Tanks
        • Bipropellat Tanks
      • Regulators
      • Valves
      • Turbo Pumps
      • Combustion Chambers
    • Rocket Motors
    • Nozzles
    • Propulsion Thermal Control
    • Power Processing Units
    • Others

• By Propulsion Type

  • Chemical Propulsion
    • Solid
    • Liquid
    • Hybrid
    • Green
  • Non-chemical Propulsion
    • Electric Propulsion
      • Xenon
      • Argon
      • Krypton
      • Hydrogen
      • Others
    • Solar Propulsion
      • Solar Sail Propulsion
      • Solar Electric Propulsion (SEP)
      • Solar Thermal Propulsion
    • Tether Propulsion
    • Nuclear propulsion
    • Laser Propulsion

• By Support Service

  • Design, Engineering, & Operation
  • Hot Firing & Environmental Test Execution
  • Fueling & Launch Support

• By Orbit

  • Low Earth orbit (LEO)
  • Medium Earth orbit (MEO)
  • Geostationary Earth Orbit (GEO)
  • Beyond Geosynchronous Orbit

• By End User

  • Commercial
    • Satellite Operators/Owners
    • Space Launch Service Providers
  • Government & Defense
    • Defense Sector
    • National Space Agencies
    • Others

• By Region

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Argentina & Rest of Latin America
  • Europe
    • Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
  • East Asia
    • China, Japan, South Korea
  • South Asia
    • India, Thailand, Malaysia, Indonesia and Rest of South Asia
  • Oceania
    • Australia and New Zealand
  • Middle East and Africa
    • GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company