Growing Use of Hydroxyl-Terminated Polybutadiene (HTPB) in Adhesives Used for Construction is Driving the Growth of Global Hydroxyl-Terminated Polybutadiene (HTPB) Market in the forecast period of 2019 to 2026

Global Hydroxyl-Terminated Polybutadiene (HTPB) Market is projected to register a substantial CAGR of 6.3% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

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DRIVERS:

• Increasing usage of HTPB based propellant in space missions and military
• Increasing investment in space technologies around the world

RESTRAINTS:

• Fluctuating raw material prices and increasing cost of HTPB
• Adverse effects on the health

OPPORTUNITY:

Growing use of hydroxyl-terminated polybutadiene (HTPB) in greener technologies for clean space strategy.

CHALLENGE:

Difficulty in handling HTPB

Market Trends:

Global hydroxyl-terminated polybutadiene (HTPB) market is segmented into three notable segments which are  type, application and end-user.

• On the basis of type, the market is segmented into low molecular weight hydroxyl terminated polybutadienes and conventional hydroxyl terminated polybutadienes. In 2019, low molecular weight hydroxyl terminated polybutadienes segment is expected to dominate the market with largest market share due to the increased demand of low molecular weight hydroxyl terminated polybutadienes for its low cost and ease of availability in different kinds of products.
• On the basis of application, the market is segmented into rocket fuel, adhesives and sealants, waterproof coatings & membranes, potting and encapsulation and others.
• On the basis of end-user, the market is segmented into aerospace & defence, automotive, building and construction, electrical & electronics and others. In 2019, aerospace & defense segment is expected to dominate the market with largest market share because the demand for HTPB as fuel binder is mostly found to be in fighter planes and army weapons of various kinds.

Key Market Players: Global Hydroxyl-Terminated Polybutadiene (HTPB) Market

The key market players for global hydroxyl-terminated polybutadiene (HTPB) market are CRS Chemicals, Island Pyrochemical Industries (IPI), Zibo Qilong Chemical Co., Ltd., Cray Valley, Orion Chem Pvt Ltd, Polymer Source. Inc., Evonik Industries AG and Idemitsu Kosan Co., Ltd.