Smoke Grenade Market Report: Size, Share and Outlook by 2031

The smoke grenade market is anticipated to grow significantly, with projections indicating it will reach US$ 456.46 million by 2031, up from US$ 297.24 million in 2023. This growth represents a compound annual growth rate (CAGR) of 5.5% from 2023 to 2031.

Globally, military forces engage in regular training operations to ensure their personnel are always prepared. These training exercises encompass a variety of military operations and utilize numerous pyrotechnic munitions, including smoke grenades, to create realistic simulation environments. Companies that manufacture pyrotechnic munitions work closely with military organizations to provide a sufficient supply of smoke grenades for these live training exercises. This collaboration has resulted in a heightened adoption of live pyrotechnic munitions, such as illumination signal rounds, markers, and smoke grenades, across various regions.

Nighttime military exercises often require extensive use of pyrotechnic illuminations and signaling rounds, further driving the demand for pyrotechnic munitions in live training simulations, particularly colored smoke grenades. For example, in April 2021, the US Army executed a live training operation in Pulaski County, Arkansas, where two Boeing Chinook helicopters transported military cadets for a four-day exercise. During this operation, colored smoke canisters, illumination fire rounds, and other pyrotechnic munitions were deployed. Similarly, in March 2021, the Joint Multinational Readiness Center Dragon Team of the US military conducted a fire marker training session at the Hohenfels Training Area, which involved simulating threats such as roadside bomb explosions and indirect fire, utilizing smoke to mimic close-air support. The increasing reliance on pyrotechnics for military training is significantly boosting the smoke grenade market.

The ecosystem of the global smoke grenade market comprises several key stakeholders, including suppliers of raw materials and components, manufacturers of smoke grenades, and end users. Among these, raw material suppliers play a vital role. The production of smoke grenades necessitates various chemicals to achieve the desired illumination and smoke effects. Essential raw materials used in the manufacturing of smoke grenades include sulfur, potassium chlorate, sodium bicarbonate, and mixtures of pure and refined kerosene combined with tricalcium phosphate to prevent dusting and caking. Prominent suppliers of these raw materials include Du PONT, HAZZARD, LAFLINSMITH & BOIES, Pyrotechnics Specialties Inc, The Oriental Gunpowder Company, Nouryon, and Wego Chemical Group. These suppliers provide the necessary materials to smoke grenade manufacturers.

Key manufacturers in the smoke grenade sector include HFI Pyrotechnics, Rheinmetall AG, Arsenal JSCo, Chemring Group Plc, and 3rd Lights Ltd. The demand for pyrotechnic products from armed forces for various operations, including rescue and search missions, is on the rise. Additionally, the increasing number of training programs being conducted in different countries is further driving the demand for smoke grenades. To meet this growing demand, manufacturers are ramping up production, which is contributing positively to market growth.

The primary end users of smoke grenades include military forces, law enforcement agencies, and commercial entities. Many law enforcement agencies acquire smoke grenade products from manufacturers through contracts, which can be either long-term or short-term. Consequently, the surge in training initiatives, where smoke grenade products are utilized by various end users, is propelling market expansion.

In summary, the smoke grenade market is poised for substantial growth, driven by the ongoing need for realistic military training exercises and the increasing collaboration between manufacturers and military forces. As the demand for effective training tools continues to rise, the market for smoke grenades is expected to flourish, supported by advancements in manufacturing and a robust supply chain.