Press Release

Aug, 09 2023

Unveiling the Versatility of Hydroxyl-Terminated Polybutadiene (HTPB) in Various Industries

Hydroxyl-terminated polybutadiene (HTPB) is a versatile compound with significant applications in various industries. The strong demand for HTPB in the aerospace and defense sectors, primarily for solid rocket propellants. The excellent hydrophobicity, low glass transition temperatures, and low volatile content of HTPB make it a preferred choice in these industries. The market shows potential for growth, driven by the expanding aerospace and defense sectors, advancements in polymer technology, and increasing focus on sustainable materials in various applications.

Access Full Report at https://www.databridgemarketresearch.com/reports/global-hydroxyl-terminated-polybutadiene-htpb-market

Data Bridge Market Research analyses that the Hydroxyl-Terminated Polybutadiene (HTPB) Market value was USD 2,699.34 thousand in 2021 and is expected to reach USD 2,98,842.53 thousand by the year 2029, at a CAGR of 6.6% during the forecast period of 2022 to 2029. HTPB is a crucial ingredient in the production of high-performance rubbers and polymers. Technological advancements in these industries, along with the demand for specialized rubber products in automotive, industrial, and consumer sectors, drive the growth of the HTPB market.

Key Findings of the Study

hydroxyl-terminated polybutadiene (HTPB) market

The growing awareness of sustainable materials is expected to drive the market's growth rate

The growing awareness of sustainable materials serves as a significant driver for the hydroxyl-terminated polybutadiene (HTPB) market. HTPB is recognized as an eco-friendly alternative to conventional materials due to its lower environmental impact. With an increasing focus on sustainability and stringent environmental regulations, industries are shifting towards greener solutions, driving the demand for HTPB. The sustainable attributes of HTPB contribute to its market growth as industries seek more environmentally-friendly materials for their applications.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Thousand, Volume in Kilo Tons, Pricing in USD

Segments Covered

Product (Conventional Hydroxyl Terminated Polybutadienes and Low Molecular Weight Hydroxyl Terminated Polybutadienes), Application (Rocket Fuel, Rubber Material, Paint, Polyurethane and Others), End Use (Building and Construction, Aerospace and Defense, Automotive, Electrical and Electronics, Construction, Packaging and Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia & New Zealand, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Evonik Industries AG (Germany), Idemitsu Kosan Co.,Ltd. (Japan), Cray Valley (A Subsidiary of TotalEnergies) (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 (A Subsidiary of Entegris) (U.S.), among others.

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Segment Analysis:

The global hydroxyl-terminated polybutadiene (HTPB) market is segmented on the basis of product, application and end use.

  • On the basis of product, the global hydroxyl-terminated polybutadiene (HTPB) Market is segmented into conventional hydroxyl terminated polybutadienes and low molecular weight hydroxyl terminated polybutadienes. The low molecular weight hydroxyl terminated polybutadienes dominate the product segment of the global hydroxyl-terminated polybutadiene (HTPB) market with a CAGR of 6.8% due to the superior properties it offers in various applications in the forecast period of 2022- 2029 .
  • On the basis of application, the global hydroxyl-terminated polybutadiene (HTPB) market is segmented into rocket fuel, rubber material, paint, polyurethane, and others. The rocket fuel segment dominates the application segment in the global hydroxyl-terminated polybutadiene (HTPB) market with a CAGR of 7% due to its wide use in solid rocket propellants. HTPB displays brilliant properties such as high energy output, controlled burn rate, and low sensitivity to shock and friction, making it a preferred choice for rocket fuel applications in the forecast period of 2022- 2029.

In 2022 the rocket fuel segment dominates the application segment in the global hydroxyl-terminated polybutadiene (HTPB) market

In 2022 the rocket fuel segment dominates the application segment in the global hydroxyl-terminated polybutadiene (HTPB) market with a CAGR of 7% due to its extensive use in solid rocket propellants. HTPB exhibits excellent properties such as high energy output, controlled burn rate, and low sensitivity to shock and friction, making it a preferred choice for rocket fuel applications. The growing demand for space exploration, satellite launches, and defence activities drives the dominance of the Rocket Fuel segment in the HTPB market in the forecast period of 2022- 2029.

  • On the basis of end use, the global hydroxyl-terminated polybutadiene (HTPB) market is segmented into  building and construction, aerospace and defense, automotive, electrical and electronics, construction, packaging and others. The aerospace and defence segment dominates the end use segment in the global hydroxyl- terminated polybutadiene market  with a CAGR of 7% due to significant demand for HTPB in applications such as solid rocket propellants, adhesives, coatings, and sealants. HTPB offers excellent properties like high hydrophobicity, low glass transition temperatures, and low volatiles content, making it an ideal choice for aerospace and defence application in the forecast period of 2022- 2029.

In 2022 the aerospace and defense segment of end use segment dominates in global hydroxyl-terminated polybutadiene (HTPB) market

In 2022 the aerospace and defense segment of end use segment dominates in global hydroxyl-terminated polybutadiene (HTPB) market with a CAGR of 7% owing to significant demand for HTPB in applications such as solid rocket propellants, adhesives, coatings, and sealants. HTPB offers excellent properties like high hydrophobicity, low glass transition temperatures, and low volatiles content, making it an ideal choice for aerospace and defense applications. The growing aerospace industry, defense investments, and advancements in technology contribute to the dominance of this segment in the HTPB market in the forecast period of 2022- 2029.

Major Players

Data Bridge Market Research recognizes the following companies as the major global hydroxyl-terminated polybutadiene (HTPB) market players in global hydroxyl-terminated polybutadiene (HTPB) market bare Evonik Industries AG (Germany), Idemitsu Kosan Co.,Ltd. (Japan), Cray Valley (A Subsidiary of TotalEnergies) (U.S.), Polymer Source. Inc. (Canada), NIPPON SODA CO., LTD. (Japan), Island Pyrochemical Industries (IPI) (U.S.), CRS Chemicals (U.S.),

hydroxyl-terminated polybutadiene (HTPB) market

Market Development

  • In July 2019, Entegris completed the acquisition of MPD Chemicals, the parent company of Monomer-Polymer & Dajac Labs. This strategic acquisition allowed Entegris to expand and diversify its engineered materials portfolio. Integrating MPD Chemicals' expertise and product offerings, Entegris strengthened its capabilities in providing advanced materials solutions to meet the evolving needs of various industries, driving growth and innovation in their business.

Regional Analysis

Geographically, the countries covered in the Global hydroxyl-terminated polybutadiene (HTPB) Market  report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

Asia-Pacific dominates the hydroxyl-terminated polybutadiene (HTPB) market during the forecast period of 2022 to 2029

Asia-Pacific's dominance in the hydroxyl-terminated polybutadiene (HTPB) market is driven by the growing demand for HTPB in the automotive industry. With the region's expanding automotive sector and increasing production of vehicles, there is a significant need for HTPB as a key ingredient in automotive adhesives, sealants, and coatings. The rising demand for lightweight and fuel-efficient vehicles further accelerates the adoption of HTPB in Asia-Pacific, consolidating its position in the market.

North America and is expected to witness significant growth during the forecast period of 2022 to 2029

North America is projected to experience significant growth in the hydroxyl-terminated polybutadiene (HTPB) market during the forecast period. The region's aerospace and defense industry is a major consumer of HTPB, utilizing it in applications such as rocket propellants, adhesives, and coatings. The increasing demand for advanced materials and technologies in the aerospace sector drives the growth of HTPB in North America, positioning the region as a key market for HTPB products.

For more detailed information about the Global Hydroxyl-Terminated Polybutadiene (HTPB) Market report, click here – https://www.databridgemarketresearch.com/reports/global-hydroxyl-terminated-polybutadiene-htpb-market


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