Europe Hydroxyl-Terminated Polybutadiene (HTPB) Market, By Type (Conventional Hydroxyl Terminated Polybutadienes, Low Molecular Weight Hydroxyl Terminated Polybutadienes), Application (Rocket Fuel, Waterproof Coatings and Membranes, Adhesives and Sealants, Potting and Encapsulation, Others), End-User (Aerospace and Defence, Automotive, Building and Construction, Electrical and Electronics, Others), Country (Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe) Industry Trends and Forecast to 2028.
Europe hydroxyl-terminated polybutadiene (HTPB) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to exhibit a CAGR of 9.2% in the above-mentioned forecast period and is expected to reach the USD 204.22 million by 2028.
Hydroxyl-terminated polybutadiene (HTPB) is a butadiene oligomer having hydroxyl functional groups on both ends. Polyurethane polymers are formed when it reacts with isocyanates. HTPB is a clear liquid with a viscosity close to corn syrup and a color similar to wax paper. Solid rocket propellant is a significant use of HTPB. It forms a solid but elastic mass with the oxidizing agent and other chemical. Low volatile content, excellent hydrophobicity, low glass transition temperatures, and a high level of reactive functionality distinguish these hydroxyl-terminated polybutadiene (HTPB) resins.
The factors such as rising aerospace and defense industry and technological advancement are the root cause fueling up the hydroxyl-terminated polybutadiene (HTPB) market growth rate. Additionally, the upsurge in the demand of HTPB in paints and coating industries along with the growing building and construction sector due to rapid urbanization will positively impact the growth rate of the hydroxyl-terminated polybutadiene (HTPB) market. Furthermore, the employment of hydroxyl-terminated polybutadiene (HTPB) in solid bursting charge because it binds the oxidizer and alternative ingredients into a solid however elastic mass, the rise in demand for insulation in refrigerators and freezers and artifact in article of furniture will cushion the market growth rate.
Moreover, the rise in the number of research and development activities and emerging economies will generate various opportunities for the market.
However, high cost associated with hydroxyl-terminated polybutadiene and strict government regulations derail growth of the hydroxyl-terminated polybutadiene (HTPB) market. Difficulties in handling hydroxyl-terminated polybutadiene will pose as challenge for the market’s growth.
This Europe hydroxyl-terminated polybutadiene (HTPB) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Europe hydroxyl-terminated polybutadiene (HTPB) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Hydroxyl-Terminated Polybutadiene (HTPB) Market Scope and Market Size
Europe hydroxyl-terminated polybutadiene (HTPB) market is segmented on the basis of type, application and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the hydroxyl-terminated polybutadiene (HTPB) market is segmented into conventional hydroxyl terminated polybutadienes and low molecular weight hydroxyl terminated polybutadienes.
- On the basis of application, the hydroxyl-terminated polybutadiene (HTPB) market is segmented into rocket fuel, waterproof coatings and membranes, adhesives and sealants, potting and encapsulation, and others.
- On the basis of end-user, the hydroxyl-terminated polybutadiene (HTPB) market is segmented into aerospace and defense, automotive, building and construction, electrical and electronics and others.
Europe Hydroxyl-Terminated Polybutadiene (HTPB) Market Country Level Analysis
Europe hydroxyl-terminated polybutadiene (HTPB) market is analyzed and market size, volume information is provided by type, application and end-user as referenced above.
The countries covered in the Europe hydroxyl-terminated polybutadiene (HTPB) market report are Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, and Rest of Europe.
The country section of Europe hydroxyl-terminated polybutadiene (HTPB) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Hydroxyl-Terminated Polybutadiene (HTPB) Market Share Analysis
Europe hydroxyl-terminated polybutadiene (HTPB) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Europe hydroxyl-terminated polybutadiene (HTPB) market.
The major players covered in Europe hydroxyl-terminated polybutadiene (HTPB) market report 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., among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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