Hydroxyl-Terminated Polybutadiene (HTPB) is a synthetic rubber used as a binder in a wide range of applications including adhesives, sealants, rocket propellants, and coatings. HTPB is a low molecular weight polymer with hydroxyl functional groups at both ends, making it useful as a crosslinking agent in a variety of applications.
The increasing demand for HTPB in the aerospace industry for the production of solid rocket fuels drives the global market for HTPB. Because of its excellent mechanical properties, good adhesion to metal surfaces, and low cost, HTPB is widely used as a binder in solid rocket propellants. The growing demand for space exploration and satellite launches has increased demand for HTPB in the aerospace industry.
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Competition Landscape
- In 2022, TotalEnergies improved the hydrolytic stability, resistance to aqueous acids and bases, and excellent adhesion to a variety of substrates of hydroxyl-terminated polybutadiene (HTPB). On the North American market, TotalEnergies has an approximate 8% market share.
Fact.The top hydroxyl-terminated polybutadiene (HTPB) manufacturers positioned across geographies have provided detailed information about the overall strategies adopted by players in the hydroxyl-terminated polybutadiene market, along with their detailed overviews of sales analysis by application, including SWOT analysis and sales generated from target HTPB applications.
Key Companies Profiled
- TotalEnergies
- Evonik Industries
- MACH I
- Polymer Source
- Idemitsu Kosan
- RCS Rocket Motor Components
- CRS Chemicals
- Emerald Performance Materials
- Island Pyrochemical Industries Corp
- Monomer-Polymer & DAJAC Labs
- Aerocon Systems Co.
- Zibo Qilong Chemical Industry
Will the HTPB Market in the United States Be Profitable?
Due to rising demand for waterproof coatings & membrane adhesives, high awareness of advanced technology, expanding space travel, rising demand for rocket fuel, etc., the U.S. hydroxyl-terminated polybutadiene market has been expanding at a million dollar rate. Over the past ten years, North America has seen an increase in demand for adhesives, sealants, and waterproof coatings and membranes. Sales of adhesives and other related applications have increased as a result of the rapid expansion of these applications’ commercial use.
Following COVID-19, the automotive industry has experienced phenomenal growth, and sealants are in greater demand. Consumers are being pushed to purchase more modern automobiles by new technologies. Growing demand from the industrial and automotive sectors in the US is boosting adhesives sales.
The global market for hydroxyl-terminated polybutadiene is dominated by the United States in terms of revenue, and by 2032, demand is expected to have increased 2X there.
With a CAGR of 9.5%, the US market is anticipated to continue being a significant growth driver during the forecast period. Additionally, the market for adhesive manufacturers using hydroxyl-terminated polybutadiene (HTPB) is anticipated to grow across North America at a CAGR of 10%.
The following facts are some of the information used in the study of the worldwide Hydroxyl-Terminated Polybutadiene markets:
