Gunpowder, also commonly known as black powder to distinguish it from modern smokeless powder, is the earliest known chemical explosive. It consists of a mixture of sulfur, charcoal (which is mostly carbon), and potassium nitrate (saltpeter). The sulfur and charcoal act as fuels, while the saltpeter is an oxidizer. Gunpowder has been widely used as a propellant in firearms, artillery, rocketry, and pyrotechnics, including use as a blasting agent for explosives in quarrying, mining, building pipelines, tunnels, and roads.

Gunpowder is classified as a low explosive because of its relatively slow decomposition rate, low ignition temperature and consequently low brisance (breaking/shattering). Low explosives deflagrate—burning at subsonic speeds—whereas high explosives detonate, producing a supersonic shockwave. Ignition of gunpowder packed behind a projectile generates enough pressure to force the shot from the muzzle at high speed, but usually not enough force to rupture the gun barrel. It thus makes a good propellant but is less suitable for shattering rock or fortifications with its low-yield explosive power. Nonetheless, it was widely used to fill fused artillery shells (and used in mining and civil engineering projects) until the second half of the 19th century, when the first high explosives were put into use.

Gunpowder is one of the Four Great Inventions of China. Originally developed by Taoists for medicinal purposes, it was first used for warfare around AD 904. Its use in weapons has declined due to smokeless powder replacing it, whilst its relative inefficiency led to newer alternatives such as dynamite and ammonium nitrate/fuel oil replacing it in industrial applications.

Gunpowder is a low explosive: it does not detonate, but rather deflagrates (burns quickly). This is an advantage in a propellant device, where one does not desire a shock that would shatter the gun and potentially harm the operator; however, it is a drawback when an explosion is desired. In that case, the propellant (and most importantly, gases produced by its burning) must be confined. Since it contains its own oxidizer and additionally burns faster under pressure, its combustion is capable of bursting containers such as a shell, grenade, or improvised "pipe bomb" or "pressure cooker" casings to form shrapnel.

In quarrying, high explosives are generally preferred for shattering rock. However, because of its low brisance, gunpowder causes fewer fractures and results in more usable stone compared to other explosives, making it useful for blasting slate, which is fragile, or monumental stone such as granite and marble. Gunpowder is well suited for blank rounds, signal flares, burst charges, and rescue-line launches. It is also used in fireworks for lifting shells, in rockets as fuel, and in certain special effects.

Combustion converts less than half the mass of gunpowder to gas; most of it turns into particulate matter. Some of it is ejected, wasting propelling power, fouling the air, and generally being a nuisance (giving away a soldier's position, generating fog that hinders vision, etc.). Some of it ends up as a thick layer of soot inside the barrel, where it also is a nuisance for subsequent shots, and a cause of jamming an automatic weapon. Moreover, this residue is hygroscopic, and with the addition of moisture absorbed from the air forms a corrosive substance. The soot contains potassium oxide or sodium oxide that turns into potassium hydroxide, or sodium hydroxide, which corrodes wrought iron or steel gun barrels. Gunpowder arms therefore require thorough and regular cleaning to remove the residue.

Gunpowder loads can be used in modern firearms as long as they are not gas-operated. The most compatible modern guns are smoothbore-barreled shotguns that are long-recoil operated with chrome-plated essential parts such as barrels and bores. Such guns have minimal fouling and corrosion, and are easier to clean.

The first confirmed reference to what can be considered gunpowder in China occurred in the 9th century during the Tang dynasty, first in a formula contained in the Taishang Shengzu Jindan Mijue (Chinese: 太上聖祖金丹秘訣) in 808, and then about 50 years later in a Daoist text known as the Zhenyuan miaodao yaolüe (真元妙道要略). The Taishang Shengzu Jindan Mijue mentions a formula composed of six parts sulfur to six parts saltpeter to one part birthwort herb. According to the Zhenyuan miaodao yaolüe, "Some have heated together sulfur, realgar and saltpeter with honey; smoke and flames result, so that their hands and faces have been burnt, and even the whole house where they were working burned down." Based on these Taoist texts, the invention of gunpowder by Chinese alchemists was likely an accidental byproduct from experiments seeking to create the elixir of life. This experimental medicine origin is reflected in its Chinese name huoyao (Chinese: 火药/火藥; pinyin: huǒ yào/xuo jɑʊ/), which means "fire medicine". Saltpeter was known to the Chinese by the mid-1st century AD and was primarily produced in the provinces of Sichuan, Shanxi, and Shandong. There is strong evidence of the use of saltpeter and sulfur in various medicinal combinations. A Chinese alchemical text dated 492 noted saltpeter burnt with a purple flame, providing a practical and reliable means of distinguishing it from other inorganic salts, thus enabling alchemists to evaluate and compare purification techniques; the earliest Latin accounts of saltpeter purification are dated after 1200.