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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