Hydroxyl-terminated polybutadiene is a crucial liquid rubber with low viscosity and superior transparency. The excellent physical properties make it a important component in functional adhesives and special coatings. Hydroxyl-terminated polybutadiene (HTPB) is substantially used in end-user industries such as electrical & electronics, automotive, aerospace & defense, building & construction and many other. The increasing demand for innovative and advanced aerospace components significantly impacts the growth of the market for hydroxyl-terminated polybutadiene (HTPB). The major manufacturers of photo cure resins, gel coats, unsaturated polyesters, and hydrocarbon resins highly use hydroxyl-terminated polybutadiene (HTPB).
Data Bridge Market Research shows that the Hydroxyl-Terminated Polybutadiene (HTPB) Market accounted for USD 179,219.29 thousand in 2021 and is expected to reach USD 298,842.53 thousand by 2029. The market is expected to grow with a CAGR of 6.6% from 2022 to 2029.
"Increasing launches of advanced materials is expected to drive the market growth"
The growing launches of advanced materials based on hydroxyl-terminated polybutadiene (HTPB) for by the leading manufacturers are expected to drive market growth during the forecast period. For instance, in 2020, the Advanced Centre of Research in High Energy Materials (ACRHEM) collaborated with a DRDO center of excellence at the University of Hyderabad developed "Hydroxyl Terminated Polybutadiene (HTPB) based polyurethanes. This helps bind ingredients that act as oxidizing agents into a solid but elastic mass. It is an inert prepolymer with nearly 10 to 15 percent mass of the propellant compositions. It retains inherent properties, which is important to obtaining an energetic binder used in technology. As a result of all these factors, the market is expected to grow during the forecast period.
What restraints the growth of the hydroxyl-terminated polybutadiene (HTPB) market?
"High strain rate and shock properties associated with hydroxyl-terminated polybutadiene (HTPB)"
Hydroxyl-terminated polybutadiene is a polymeric binder which ios used in polymer-bonded explosives and solid rocket propellants. Even though hydroxyl-terminated polybutadiene (HTPB) is used in small fractions, the elastomeric binder absorbs much of the impact energy. It, thus, needs careful modeling for its mechanical behavior. Hydroxyl-terminated polybutadiene (HTPB) is accurately simulating the response of PBXs when subjected to large strain rates. Therefore, the high strain rate and shock properties of hydroxyl-terminated polybutadiene (HTPB will likely hamper the market growth.
Segmentation: Hydroxyl-Terminated Polybutadiene (HTPB) Market
The hydroxyl-terminated polybutadiene (HTPB) market is segmented on the basis product, application and end use.
- On the basis of product, the hydroxyl-terminated polybutadiene (HTPB) market is segmented into conventional hydroxyl terminated polybutadienes and low molecular weight hydroxyl terminated polybutadienes.
- Based on application area, the hydroxyl-terminated polybutadiene (HTPB) market is segmented into rocket fuel, rubber material, paint, polyurethane and others.
- On the basis of end use, the hydroxyl-terminated polybutadiene (HTPB) market is segmented into building and construction, aerospace and defense, automotive, electrical and electronics, construction, packaging and others.
Regional Insights: Asia-Pacific is expected to dominate the Hydroxyl-Terminated Polybutadiene (HTPB) Market
Asia-Pacific is expected to dominate the market and is expected to grow significantly because of the increasing demand for hydroxyl-terminated polybutadiene (HTPB) in the automotive industry in this region. Moreover, the rising demand for hydroxyl-terminated polybutadiene by the aerospace and defense sector will further boost the growth of this region.
- In addition, the North American region is likely to register the highest growth rate from 2022 to 2029, increasing the application of hydroxyl-terminated polybutadiene in several industrial applications, such as adhesives, paint and paint, and rocket fuel in this region. Furthermore, the growing building and construction sector with the surge in population demand will positively influence market growth.
.Recent Developments: Hydroxyl-Terminated Polybutadiene (HTPB) Market
- In 2019, Entegris, a leading specialty chemicals, and advanced materials solutions company, announced that it acquired MPD Chemicals, the parent company of Monomer-Polymer and Dajac Labs. This acquisition aided in diversifying Entegris' engineered materials portfolio
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-hydroxyl-terminated-polybutadiene-htpb-market
The Prominent Key Players Operating in the Hydroxyl-Terminated Polybutadiene (HTPB) Market Include:
- Evonik Industries AG (Germany)
- Idemitsu Kosan Co.,Ltd. (Japan)
- TotalEnergies (U.S.)
- Cray Valley (U.S.)
- Polymer Source. Inc. (Canada)
- NIPPON SODA CO., LTD. (Japan)
- Island Pyrochemical Industries (IPI) (U.S.)
- CRS Chemicals (U.S.)
- Monomer-Polymer & Dajac Labs (U.S.)
- Orion Chem Pvt Ltd. (India)
- Mach I, Inc (U.S.)
- LANXESS (Germany)
- Zibo Qilong Chemical Co,.Ltd (China)
Above are the key players covered in the report, to know about more and exhaustive list hydroxyl-terminated polybutadiene (HTPB) market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Hydroxyl-Terminated Polybutadiene (HTPB) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Hydroxyl-terminated polybutadiene (HTPB) and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
