Evonik Industries AG, Cray Valley and Idemitsu Kosan Co., Ltd. are dominating the Global Hydroxyl-Terminated Polybutadiene (HTPB) Market in the year 2018

Global Hydroxyl-Terminated Polybutadiene (HTPB) Market is expected to register a substantial CAGR of 6.3% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:

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The hydroxyl-terminated polybutadiene (HTPB) market is a highly concentrated market which includes key players and local players. The market has not witnessed many strategic developments owing to less production. The market has a prominent growth in upcoming years due to growing use of hydroxyl-terminated polybutadiene (HTPB) in adhesives used for construction and increasing investment in the space technologies around the world.

The market has witnessed developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technologies. For instance, in April 2017, Evonik launched its new product in the market for coatings and adhesives at the European Coatings Show. The product portfolio comprised of different types of coatings thus expanding its product range. The new product will help the company in increasing its profits.

Evonik Industries AG dominated the hydroxyl-terminated polybutadiene (HTPB) market and accounts for the highest market share in 2018 which is followed by Cray Valley and Idemitsu Kosan Co., Ltd. The other key players existing in the market includes 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.

Evonik Industries AG:

Evonik Industries AG headquartered in Essen, Germany was founded in 1847. The company focuses on specialty chemicals and also make mattresses, tablets and animal nutrition. The company operates through four business segments which include resource efficiency, nutrition & care, performance materials and services. Resource Efficiency is the market focused segment and is engaged in providing high performance materials and additives for energy efficient and environment-friendly industries.

It has its global networks in Africa, Asia, Australia / Oceania, Europe, North America and South America. It operates through its subsidiaries such as Evonik Technology & Infrastructure GmbH (Germany), Evonik Brasil Ltda. (Brazil), Evonik India Pvt. Ltd (India), Evonik Specialty Chemicals (Nanjing) Co., Ltd (China) and others.

Cray Valley:

Cray Valley headquartered in Paris, France was founded in 1938. The company is a global manufacturer of functional diene based polymers and other specialty chemicals for rubber and thermoplastics industries. The company has Wingtack, Cleartack, Ricon, Ricobond, Poly bd, Krasol, SMA, Dymalink as its categories of products. The market focused categories are Poly bd, and Krasol.

The company has its global networks in France.

Idemitsu Kosan Co., Ltd:

Idemitsu Kosan Co., Ltd is headquartered in Tokyo, Japan was founded in 1911. The company is engaged in manufacturing of basic chemicals, electricity & renewable energy, functional materials, petroleum products and resources.

The company operates through four business segments which include Petroleum Products, Petrochemical Products, Resources and Others. Petrochemical Products is the market focused segment of the market and is involved in the manufacturing and sale of basic chemicals as raw materials for various petrochemical products.

The company has wide geographical presence in North America, Europe, Brazil, Asia-Pacific and Middle East & Africa. It operates through its subsidiaries such as Idemitsu Chemicals Europe GmbH (Germany), Showa Shell Sekiyu K.K. (Japan), Astomos Energy Corporation (Japan), Idemitsu Kosan Co., Ltd. (Japan), SDS Biotech K.K. (Japan), Idemitsu Australia Resources Pty Ltd (Australia) and Others.