Hydroxyl-Terminated Polybutadiene (HTPB) Market Size, Growth, Demands, Revenue, Top Leading Company Analysis, Developing Technologies, Regional Overview and Revenue Analysis
The growing demand for innovative
aerospace components significantly impacts the expansion of the market for hydroxyl-terminated polybutadiene (HTPB). In line
with this, the gaining popularity of hydroxyl-terminated polybutadiene (HTPB)
in the automotive industry, and increasing demand for consumer electronic
goods, are key determinants favoring the growth of the hydroxyl-terminated
polybutadiene (HTPB) market during the forecast period. Data Bridge Market Research analyses that the hydroxyl-terminated
polybutadiene (HTPB) market is expected to reach USD 298,842.53 thousand by the
year 2029, at a CAGR of 6.6% during the forecast period. "Aerospace
& defense" accounts for the most prominent end-use segment in the
respective market owing to the demand for HTPB adhesives and binders in various
industries such as automotive, construction, and other industries. The market
report curated by the Data Bridge Market Research team includes in-depth expert
analysis, import/export analysis, pricing analysis, production consumption
analysis, and climate chain scenario.
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Market Analysis and
Insights
Hydroxyl Terminated Polybutadiene (HTPB) is the most
commonly used polyol in recent times. Due to its excellent physical
properties, such as high tensile and tear strength and good chemical resistance
possessed by this chemical, it acts as a fuel binder for PU propellant. The
chemical HTPB contains hydrogen and carbon as its main constituents during
combustion. It becomes chemically and physically compatible with conventional
oxidizers and other ingredients.
Hydroxyl-terminated polybutadiene (HTPB) is an oligomer
of the chemical compound butadiene with hydroxyl functional groups completed at
the individual end. Polyurethane polymers are produced with the reaction of
hydroxyl-terminated polybutadiene with isocyanates. It is a translucent
liquid with a color similar to that of wax paper and viscosity texture as corn
syrup. The major application area for the HTPB compounds is solid rocket
propellant. Due to the properties such as excellent hydrophobicity, low glass
transition temperatures and low volatiles content, these polybutadienes are
used majorly in aerospace and defense industries.
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Hydroxyl-Terminated
Polybutadiene (HTPB) Market Scope
The
hydroxyl-terminated polybutadiene (HTPB) market is segmented on the
basis of product, application and end use. The growth amongst these segments
will help you analyze meagre growth segments in the industries and provide the
users with a valuable market overview and market insights to help them make
strategic decisions for identifying core market applications.
Product
- Low Molecular Weight Hydroxyl Terminated
Polybutadienes
- Conventional Hydroxyl Terminated
Polybutadienes
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.
Application
- Rocket Fuel
- Polyurethane
- Paint
- Rubber Material
- Others
On the basis of application, the hydroxyl-terminated polybutadiene (HTPB)
market is segmented into rocket fuel, rubber material, paint, polyurethane and
others.
End Use
- Aerospace & Defense
- Automotive
- Building And Construction
- Electrical & Electronics
- Packaging
- Others
Competitive Landscape and
Hydroxyl-Terminated Polybutadiene (HTPB) Market Share Analysis
The
hydroxyl-terminated polybutadiene (HTPB) market competitive landscape
provides details of the competitor. Details include company overview, company
financials, revenue generated, market potential, investment in research and
development, new market initiatives,
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 on the hydroxyl-terminated
polybutadiene (HTPB) market.
Some of
the major market players engaged in the
hydroxyl-terminated polybutadiene (HTPB) market are
Evonik Industries AG, Idemitsu Kosan
Co., Ltd., Cray Valley (A Subsidiary of TotalEnergies), Polymer Source. Inc.,
NIPPON SODA CO., LTD., Island Pyrochemical Industries (IPI), CRS Chemicals,
Monomer-Polymer & Dajac Labs (A Subsidiary of Entegris), among others.
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