Hydroxyl-Terminated Polybutadiene (HTPB) Market
Hydroxyl-Terminated Polybutadiene (HTPB) Market Analysis By Application (Rocket Fuel, Waterproof Coatings & Membranes, Adhesives, Sealants & Electrical & Electronics) By Region (North America, Latin America, Europe, APAC, Middle East & Africa HTPB Market) – Forecast 2022 to 2032
Analysis of Hydroxyl-Terminated Polybutadiene (HTPB) market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Hydroxyl-Terminated Polybutadiene (HTPB) Market Outlook (2022 to 2032)
Global hydroxyl-terminated polybutadiene (HTPB) market is set to witness a CAGR of 9.5% to reach a market valuation of US$ 498.7 million by 2032, up from US$ 203 million in 2022.
| Report Attributes | Details |
|---|---|
| Hydroxyl-Terminated Polybutadiene (HTPB) Market Size (2021A) | US$ 190.6 Million |
| Estimated Market Value (2022E) | US$ 203 Million |
| Forecasted Market Value (2032F) | US$ 498.7 Million |
| Global Market Growth Rate (2022 to 2032) | 9.5% CAGR |
| North America Market Share (2021) | ~32.7% |
| North America Growth Rate (2022 to 2032) | 9.9% CAGR |
| U.S. Growth Rate (2022 to 2032) | 9.8% CAGR |
| Market Share of Top 5 Companies | ~31.2% |
| 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 |
Rocket fuel application of HTPB grew 5.5% to US$ 48.9 million in 2021, while HTPB application in waterproof coatings and membranes was up 5.7% to reach US$ 42.4 million in the same year.
Sales of rocket fuel, under application, are set to expand 12.6% to US$ 170.1 million by 2032, while demand for adhesives under application will increase 8.3% to reach US$ 77.1 million in the same fiscal year.
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Consumption Analysis of HTPB (2017 to 2021) Vs. Market Forecast Outlook (2022 to 2032)
As per latest market analysis by Fact.MR, a market research and competitive intelligence provider, market value for hydroxyl-terminated polybutadiene (HTPB) increased at a CAGR of around 6.7% from 2017 to 2021. In 2021, the HTPB market stood at around US$ 190.6 million.
Consumers are demanding more variable thrust and efficient rocket fuel. This trend is picking high pace in developed regions, which is positively driving rocket fuel demand. North America and Europe are major manufacturers and exporters of rocket fuel, and are fulfilling demand from the space industry with rapid technological progress in fuel properties.
Over the next ten years, the global market for hydroxyl-terminated polybutadiene is predicted to surge ahead at a CAGR of 9.5%.
Why is Demand for Hydroxyl-Terminated Polybutadiene Surging?
“High Demand for Sealants from Automotive & Transportation Industry”
In terms of sales, value, and volume, the automotive and transportation industry is the expanding tremendously. The expanding automobile industry is acting as a catalyst for the demand for sealants. Since they act as perfect resistance to corrosion and chemicals, sealants are replacing mechanical gaskets. Polyvinyl, polyurethanes, silicones, and other elastomeric rubbers are common automotive sealants.
Because plastics cannot be welded, increasing use of plastics, multifarious composites, and fibres in automotive and transportation manufacturing has aided demand growth of the sealants, which is directly impacting the growth of the hydroxyl-terminated polybutadiene market.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Region-wise Insights
Which Regional Markets Should HTPB Suppliers Not Miss Out On?
“Europe to Remain Huge Consumer of HTPB”
Europe is a major consumer of rocket fuel and a producer of a variety of adhesives. Automotive and production facilities in Europe have been gradually growing even before the COVID-19 pandemic hit. As a result, demand for adhesives and sealants is expected to grow at a high rate.
Owing to this, the Europe is anticipated to remain a prominent growth generator in the hydroxyl-terminated polybutadiene market over the forecast period. The European regional market is anticipated to expand at a CAGR of 9.6% during the same time frame to reach US$ 135.5 million by 2032, with demand for adhesives anticipated to increase at a CAGR of 8.5% in the region.
“Asia Pacific’s Automotive Sector to Drive HTPB Consumption”
The Asia Pacific hydroxyl-terminated polybutadiene market holds 27.4% of the global market share. The East Asia and South Asia & Oceania HTPB market is expected to grow rapidly going forward.
High demand and growth in this regional market is attributed to the growing automotive sector, which is making use of sealants in vehicles for commercial activities, such as trucks, loaders, trolleys, etc. The rising automotive industry in developing nations such as India and China will hugely support HTPB market growth across the region.
Country-Wise Insights
Will the U.S. HTPB Market Be a Lucrative One?
The U.S. hydroxyl-terminated polybutadiene market has been growing at a million dollar pace, owing to increasing demand for waterproof coatings & membranes adhesives, along with high awareness about enhanced technology, growing space travel, increased demand for rocket fuel, etc.
Increase in demand for adhesives, sealants, and waterproof coatings & membranes has been observed over the past decade across the region of North America. Commercial usage of these applications is growing rapidly, which has thereby propelled the sales of adhesives and other related applications.
The automotive industry showing tremendous growth post COVID-19, and demand for sealants is increasing. New technologies are push consumers to buy newer automotive vehicles. Adhesives sales are boosted by growing demand from the industrial and automotive sectors in the United States.
From a revenue standpoint, the U.S. dominates the global hydroxyl-terminated polybutadiene market, and by 2032, demand for hydroxyl-terminated polybutadiene is predicted to have grown 2X in the country.
The United States market is expected to remain a major growth source during the forecast period, expanding at a CAGR of 9.5%. Moreover, hydroxyl-terminated polybutadiene (HTPB) market size for adhesive manufactures, under the umbrella of application, is projected to surge at a CAGR of 10% across North America.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Category-Wise Analysis
Which HTPB Application is Expected to Bring in High Revenue Streams?
Rocket fuel is one of the prominent categories having tremendous potential going ahead. Till March 2022, 146 orbital launches took place. Rocket fuel prices are increasing due to rising raw material demand as private companies are also participating in space travel projects.
Increased use of adhesives in a wide range of waterproofing applications, from corrugated construction of boxes, printed sheet lamination, to packaging coatings used for all types of consumer products to prevent oxidation and corrosion, is being witnessed. Owing to this, the adhesive segment is anticipated to grow at a higher rate.
Hydroxyl-terminated polybutadiene consumption is increasing rapidly due to rising demand from the global space industry and industrial manufacturing units.
Owing to the aforementioned factors, demand for HTPB use in rocket fuel and adhesives is projected to touch US$ 170.1 million and US$ 77.8 million, respectively by 2032, surging at a CAGR of 12.6% and 8.3% during the same time frame.
Competition Landscape
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., and Zibo Qilong Chemical Industry are major suppliers of hydroxyl-terminated polybutadiene.
- In 2022, TotalEnergies increased its hydroxyl-terminated polybutadiene (HTPB) properties to provide hydrolytic stability, resistance to aqueous acids and bases, and excellent adhesion to a variety of substrates. TotalEnergies holds around 8% share in the North American market.
Fact.MR has 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 of top hydroxyl-terminated polybutadiene (HTPB) manufacturers positioned across geographies.
Key Segments of HTPB Industry Research
-
HTPB Market by Application :
- Rocket Fuel
- Waterproof Coatings & Membranes
- Adhesives
- Sealants
- Electrical & Electronics
- Other Applications
-
HTPB Market by Region :
- North America HTPB Market
- Latin America HTPB Market
- Europe HTPB Market
- APAC HTPB Market
- Middle East & Africa HTPB Market
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Market Background
- 5. Value Chain Analysis
- 6. Global Market - Pricing Analysis
- 7. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
- 8.1. Rocket Fuel
- 8.2. Waterproof Coatings & Membranes
- 8.3. Adhesives
- 8.4. Sealants
- 8.5. Electrical & Electronics
- 8.6. Other Applications
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. APAC
- 9.5. Middle East and Africa (MEA)
- 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. APAC Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. Key Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Total Energies
- 17.2. Evonik Industries
- 17.3. MACH I
- 17.4. Polymer Source
- 17.5. Idemitsu Kosan
- 17.6. RCS Rocket Motor Components
- 17.7. CRS Chemicals
- 17.8. Emerald Performance Materials
- 17.9. Island Pyrochemical Industries Corp
- 17.10. Monomer-Polymer & DAJAC Labs
- 17.11. Aerocon Systems Co.
- 17.12. Zibo Qilong Chemical Industry
- 18. Assumptions & Acronyms
- 19. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01: Global Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 02: Global Market Value (USD Million) and Forecast By Region, 2018 to 2032
Table 03: North America Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 04: North America Market Value (USD Million) and Forecast By Country, 2018 to 2032
Table 05: Latin America Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 06: Latin America Market Value (USD Million) and Forecast By Country, 2018 to 2032
Table 07: Europe Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 08: Europe Market Value (USD Million) and Forecast By Country, 2018 to 2032
Table 09: APAC Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 10: APAC Market Value (USD Million) and Forecast By Country, 2018 to 2032
Table 11: MEA Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 12: MEA Market Value (USD Million) and Forecast By Country, 2018 to 2032
Table 13: US Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 14: Canada Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 15: Brazil Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 16: Mexico Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 17: Argentina Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 18: Germany Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 19: France Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 20: Italy Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 21: Spain Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 22: U.K Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 23: Benelux Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 24: Russia Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 25: China Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 26: Japan Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 27: South Korea Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 28: GCC Countries Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 29: South Africa Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 30: Northern Africa Market Value (USD Million) and Forecast By Application, 2018 to 2032
Table 31: Turkey Hydroxyl-Terminated Polybutadiene (HTPB) Market Value (USD Million) and Forecast By Application, 2018 to 2032
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: Global Market Value (USD Million) Forecast and Analysis, 2022 to 2032
Figure 02: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2032
Figure 03: Global Market incremental $ opportunity, 2020 to 2032
Figure 04: Global Market Share Forecast By Application, 2022 and 2032
Figure 05: Global Market Y-o-Y Growth Rate By Application, 2018 to 2032
Figure 06: Global Market Value (USD Million) and Forecast By Application, 2018 to 2032
Figure 07: Global Market Attractiveness Analysis By Application, 2022 to 2032
Figure 08: Global Market Share Forecast By Region, 2022 and 2032
Figure 09: Global Market Y-o-Y Growth Rate By Region, 2018 to 2032
Figure 10: Global Market Value (USD Million) and Forecast By Region, 2018 to 2032
Figure 11: Global Market Attractiveness Analysis By Region, 2022 to 2032
Figure 12: North America Market Value (USD Million) Forecast and Analysis, 2022 to 2032
Figure 13: North America Market Value Y-o-Y Growth and Forecast, 2018 to 2032
Figure 14: North America Market incremental $ opportunity, 2020 to 2032
Figure 15: North America Market Share Forecast By Application, 2022 and 2032
Figure 16: North America Market Y-o-Y Growth Rate By Application, 2018 to 2032
Figure 17: North America Market Value (USD Million) and Forecast By Application, 2018 to 2032
Figure 18: North America Market Attractiveness Analysis By Application, 2022 to 2032
Figure 19: North America Market Share Forecast By Country, 2022 and 2032
Figure 20: North America Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 21: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 22: Latin America Market Value (USD Million) Forecast and Analysis, 2022 to 2032
Figure 23: Latin America Market Value Y-o-Y Growth and Forecast, 2018 to 2032
Figure 24: Latin America Market incremental $ opportunity, 2020 to 2032
Figure 25: Latin America Market Share Forecast By Application, 2022 and 2032
Figure 26: Latin America Market Y-o-Y Growth Rate By Application, 2018 to 2032
Figure 27: Latin America Market Value (USD Million) and Forecast By Application, 2018 to 2032
Figure 28: Latin America Market Attractiveness Analysis By Application, 2022 to 2032
Figure 29: Latin America Market Share Forecast By Country, 2022 and 2032
Figure 30: Latin America Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 31: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 32: Europe Market Value (USD Million) Forecast and Analysis, 2022 to 2032
Figure 33: Europe Market Value Y-o-Y Growth and Forecast, 2018 to 2032
Figure 34: Europe Market incremental $ opportunity, 2020 to 2032
Figure 35: Europe Market Share Forecast By Application, 2022 and 2032
Figure 36: Europe Market Y-o-Y Growth Rate By Application, 2018 to 2032
Figure 37: Europe Market Value (USD Million) and Forecast By Application, 2018 to 2032
Figure 38: Europe Market Attractiveness Analysis By Application, 2022 to 2032
Figure 39: Europe Market Share Forecast By Country, 2022 and 2032
Figure 40: Europe Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 41: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 42: APAC Market Value (USD Million) Forecast and Analysis, 2022 to 2032
Figure 43: APAC Market Value Y-o-Y Growth and Forecast, 2018 to 2032
Figure 44: APAC Market incremental $ opportunity, 2020 to 2032
Figure 45: APAC Market Share Forecast By Application, 2022 and 2032
Figure 46: APAC Market Y-o-Y Growth Rate By Application, 2018 to 2032
Figure 47: APAC Market Value (USD Million) and Forecast By Application, 2018 to 2032
Figure 48: APAC Market Attractiveness Analysis By Application, 2022 to 2032
Figure 49: APAC Market Share Forecast By Country, 2022 and 2032
Figure 50: APAC Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 51: APAC Market Attractiveness Analysis by Country, 2022 to 2032
Figure 52: MEA Market Value (USD Million) Forecast and Analysis, 2022 to 2032
Figure 53: MEA Market Value Y-o-Y Growth and Forecast, 2018 to 2032
Figure 54: MEA Market incremental $ opportunity, 2020 to 2032
Figure 55: MEA Market Share Forecast By Application, 2022 and 2032
Figure 56: MEA Market Y-o-Y Growth Rate By Application, 2018 to 2032
Figure 57: MEA Market Value (USD Million) and Forecast By Application, 2018 to 2032
Figure 58: MEA Market Attractiveness Analysis By Application, 2022 to 2032
Figure 59: MEA Market Share Forecast By Country, 2022 and 2032
Figure 60: MEA Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 61: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 62: US Market Value (USD Million), Forecast and Analysis, 2022 to 2032
Figure 63: US Market Value, By Application, 2022 & 2032
Figure 64: Canada Market Value (USD Million), Forecast and Analysis, 2022 to 2032
Figure 65: Canada Market Value, By Application, 2022 & 2032
Figure 66: Mexico Market Value (USD Million), Forecast and Analysis, 2022 to 2032
Figure 67: Mexico Market Value, By Application, 2022 & 2032
Figure 68: Brazil Market Value (USD Million), Forecast and Analysis, 2022 to 2032
Figure 69: Brazil Market Value, By Application, 2022 & 2032
Figure 70: Germany Market Value (USD Million), Forecast and Analysis, 2022 to 2032
Figure 71: Germany Market Value, By Application, 2022 & 2032
Figure 72: France Market Value (USD Million), Forecast and Analysis, 2022 to 2032
Figure 73: France Market Value, By Application, 2022 & 2032
Figure 74: Italy Market Value (USD Million), Forecast and Analysis, 2022 to 2032
Figure 75: Italy Market Value, By Application, 2022 & 2032
Figure 76: Spain Market Value (USD Million), Forecast and Analysis, 2022 to 2032
Figure 77: Spain Market Value, By Application, 2022 & 2032
Figure 78: UK Market Value (USD Million), Forecast and Analysis, 2022 to 2032
Figure 79: UK Market Value, By Application, 2022 & 2032
Figure 80: China Market Value (USD Million), Forecast and Analysis, 2022 to 2032
Figure 81: China Market Value, By Application, 2022 & 2032
Figure 82: India Market Value (USD Million), Forecast and Analysis, 2022 to 2032
Figure 83: India Market Value, By Application, 2022 & 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the current valuation of Hydroxyl-Terminated Polybutadiene (HTPB) industry?
Currently, hydroxyl-terminated polybutadiene (HTPB) market is pegged at US$ 203 million in 2022.
At what CAGR is the Hydroxyl-Terminated Polybutadiene (HTPB) market volume demand poised to grow?
Hydroxyl-terminated polybutadiene (HTPB) utilization is anticipated to grow at a CAGR of around 9.5% during the period 2022-2032.
How has been the performance of Hydroxyl-Terminated Polybutadiene (HTPB) market over the past half-decade?
Hydroxyl-terminated polybutadiene (HTPB) market size, grew with a CAGR of around 6.7% during 2017-2021
Which are the top Hydroxyl-Terminated Polybutadiene (HTPB) companies?
Top companies in the production of hydroxyl-terminated polybutadiene (HTPB) are TotalEnergies, Evonik Industries, MACH I, Polymer Source, Idemitsu Kosan, RCS Rocket Motor Components, CRS Chemicals, Emerald Performance Materials etc.
What is the imperative market strategy for manufacturers?
Manufacturer should focus on providing low glass transition temperature in hydroxyl terminated polybutadiene. Manufacturer should also give a thought on to provide efficient resistance to aqueous bases and acids.
What outlook does the US provides for Hydroxyl-Terminated Polybutadiene (HTPB) market?
US is estimated to hold around 21.6% of the global hydroxyl-terminated polybutadiene (HTPB) market value.
Hydroxyl-Terminated Polybutadiene (HTPB) Market