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HTBP Market size is forecast to reach $319.5 Million by 2030, after growing at a CAGR of 8.3% during 2024-2030. As a flexible fuel binder for compound solid propellants, HTBP polyurethane is increasingly common, which provides a boost to market growth. The growth is driven by its properties and is commonly used for printing, packaging, insulation, membrane and sticking applications. In a composite-propellent application, it has been a promising binder for oxidizers, metallic fuels and other additives. The HTBP-based binder provides structural integrity and dimensional stability but has excellent mechanical characteristics as well. In order to increase ballistic efficiency of composite propellants, the researcher has produced effective HTBP. The Hydroxyl-terminated polybutadiene (HTBP) market is experiencing a notable upswing due to the escalating growth of the aerospace industry. As space exploration activities and satellite launches intensify, HTBP emerges as a vital ingredient in solid rocket propellant formulations, underpinning the industry's propulsion systems. The increasing demand for defense applications, particularly in missile systems, further propels the market forward. Simultaneously, ongoing research and development efforts focus on enhancing HTBP's performance characteristics, fostering innovation in solid rocket propellant formulations. Amidst environmental concerns, the industry is actively exploring eco-friendly alternatives, reflecting a commitment to sustainability. The HTBP (Hydroxyl-terminated polybutadiene) market is significantly buoyed by the burgeoning demand from defense sectors worldwide. HTBP, a key component in solid rocket propellants, is pivotal in manufacturing missiles and other defense-related propulsion systems. As global geopolitical scenarios become more complex, nations are increasingly investing in missile technology and defense capabilities, directly impacting the HTBP market's growth.
Report Coverage
The “HTBP Market Report – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the HTBP Industry.
By Manufacturing Process: Free Radical Polymerization, Anionic Polymerization
By Application: Rocket Fuel, Waterproof Coatings & Membranes, Adhesives, Sealants, Potting & Encapsulation and Others
By End-user: Construction & Civil Engineering, Aerospace & Defense, Automotive, Electrical & Electronics, Packaging, and Others
By Geography: North America, South America, Europe, APAC and Middle East and Africa
Key Takeaways
• A strong adoption rate and preferences from the North American area have been seen on the hydroxyl polybutadiene (HTBP) market. This is because the automotive and aerospace industries in the region are rising.
• HTBP (98.6 percent)'s low viscosity and low specific gravity, along with its hydrocarbon character, makes it an advantageous PU fuel binder. It is in usual storage conditions physically and chemically consistent with traditional oxidizers and other ingredients. Increased use of HTBP products in building-built adhesives is causing increased requirements on the HTBP market.
• The HTBP (Hydroxyl-terminated polybutadiene) market is significantly buoyed by the burgeoning demand from defense sectors worldwide. HTBP, a key component in solid rocket propellants, is pivotal in manufacturing missiles and other defense-related propulsion systems. As global geopolitical scenarios become more complex, nations are increasingly investing in missile technology and defense capabilities, directly impacting the HTBP market's growth.
Application - Segment Analysis
Rocket fuel application held the largest share in HTBP Market in 2023, is growing at a CAGR of 10.5%. Since it is used to manufacture solid rocket motor propellants as fuel and binder. Burning propellants produce rocket thrust and must achieve terminal terms such as range and speed. Because of HTBP's structure, polyurethane-based solid rocket propellant HTBP binders have higher stress-strain (higher length) and better low-temperature properties than comparable hydroxyl-group butadiene homopolymers.
End-Use Industry - Segment Analysis
Construction & Civil Engineering sector held the largest share in HTBP Market in 2023. HTBP is commonly applied to the preparation of waterproof Coatings membrane adhesives and sealants for building & engineering. The use of HTBP in polyurethanes elastomeric indicates a high hydrophobicity due to its backbone polybutadiene. For isolating glass windows HTBP-based sealants are used around the world. HTBP is used in glass-insulated displays and provides a wide variety of temperature excellence in adhesion, UV resistance and physical properties.
Geography - Segment Analysis
North America dominated the HTBP market share with more than 38%, followed by APAC and Europe. As the use of HTBP has increased, both for the aerospace and defense sectors and for construction and civil engineering in the region. In 2022, the US accounted for North America's largest share of the market. HTBP's major manufacturers are based in North America such as CRS Chemical (US), Emerald Performance Materials (US), as well as Monomer-Polymer & DAJAC Labs (US).
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Drivers – HTBP Market
• Advantages over CTPB
HTBP prepolymer is being extensively studied for applications in highly loaded solid propellants and possesses some advantages over CTPB prepolymer. It does have some deficiencies, however, in pot life control and in balancing mechanical properties at low and high temperatures, which presumably are caused by the material's low molecules weight (Mn - 3000), high functionality (fw 2.3), and high reactivity of its functional groups.
Challenges – HTBP Market
• High Cost
Hydroxyl-terminated polybutadiene (HTBP) is very expensive compared with polybutadiene and prices differ according to the raw material prices concerned. Significant actors in the global market of polybutadiene terminated with hydroxyl (HTBPs) have proprietary HTBP production technology. This is an obstacle to the entry of new manufacturers on the global hydroxyl-terminated polybutadiene (HTBP) market. In the forecast era, given its excellent properties, HTBP cost will prove to be a restricting factor for the global hydroxyl-terminated polybutadiene (HTBP) market during the forecast period.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the HTBP Market. In 2023, the market of HTBP has been consolidated by the top ten seven players accounting for XX% of the share. Major players in the HTTP market are TOTAL Cray Valley, Evonik Industries, CRS Chemicals, Emerald Performance Materials, Island Pyrochemical Industries Corp, Polymer Source, Orion Chem Pvt Ltd., Helicon Chemical, Shanghai Theorem Chemical Technology Co., Ltd, Yanxatech System Industries and among others.
Acquisitions/Product launches:
• In August 2023, Helicon Chemical declared that at the AVN Corporation facilities on the West Virginia Regional Technology Park (WVRTP) campus in Charleston, it has started producing its first batches of Hydroxyl-terminated polybutadiene (HTBP). Helicon is manufacturing non-enhanced versions of the mixture in addition to its patented enhanced HTBP rocket fuel binder, which will increase the substance's demand across a broad market.
• In December 2023, The German specialty chemicals manufacturer Evonik has started to expand its Polyvest HT facility in Marl. After making a double-digit million-euro investment, the Coating & Adhesive Resins business line anticipates having the extra production capacity for its hydroxyl-terminated polybutadienes (HTBP), which are sold under the Polyvest brand, available as early as the second quarter of 2024.
1. HTBP Market - Market Overview
1.1 Definitions and Scope
2. HTBP Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Manufacturing Process
2.3 Key Trends by Application
2.4 Key Trends by End User
2.5 Key Trends by Geography
3. HTBP Market - Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. HTBP Market - Startup companies Scenario Premium
4.1 Top startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. HTBP Market– Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. HTBP Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1Bargaining power of suppliers
6.4.2Bargaining powers of customers
6.4.3Threat of new entrants
6.4.4Rivalry among existing players
6.4.5Threat of substitutes
7. HTBP Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and Distributors Analysis
8. HTBP Market – By Manufacturing Process (Market Size -$Million)
8.1 Free Radical Polymerization
8.2 Anionic Polymerization
9. HTBP Market – By Application (Market Size -$Million)
9.1 Rocket Fuel
9.2 Waterproof Coatings & Membranes
9.3 Adhesives
9.4 Sealants
9.5 Potting & Encapsulation
9.6 Others
10. HTBP Market – By End User (Market Size -$Million)
10.1 Construction & Civil Engineering
10.2 Aerospace & Defense
10.3 Automotive
10.4 Electrical & Electronics
10.5 Packaging
10.6 Others
11. HTBP Market - By Geography (Market Size -$Million)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 South America
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Colombia
11.2.4 Chile
11.2.5 Rest OF South America
11.3 Europe
11.3.1 U.K
11.3.2 Germany
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Netherlands
11.3.7 Russia
11.3.8 Belgium
11.3.9 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 ANZ
11.4.4 Japan
11.4.5 South Korea
11.4.6 Rest of Asia Pacific
11.5 ROW
11.5.1 Middle East
11.5.1.1 Saudi Arabia
11.5.1.2 UAE
11.5.1.3 Israel
11.5.1.4 Rest of Middle East
11.5.2 Africa
11.5.2.1 South Africa
11.5.2.2 Nigeria
11.5.2.3 Rest of South Africa
12. HTBP Market - Entropy
12.1 New Product Launches
12.2 M&A’s, Collaborations, JVs and Partnerships
13. HTBP Market – Industry / Segment Competition landscape Premium
13.1 Market Share by Country- Top Companies
13.2 Market Share by Region- Top Companies
13.3 Market Share by Type of Product / Product Category- Top Companies
13.4 Market Share at global level- Top Companies
13.5 Best Practices for Companies
14. HTBP Market- List of Key Companies by Country
15. HTBP Market- Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
15.1 TOTAL Cray Valley
15.2 Evonik Industries
15.3 CRS Chemicals
15.4 Emerald Performance Materials
15.5 Island Pyrochemical Industries Corp
15.1 TOTAL Cray Valley
15.6 Polymer Source
15.7 Orion Chem Pvt Ltd.
15.8 Helicon Chemical
15.9 Shanghai Theorem Chemical Technology Co., Ltd
15.10 Yanxatech System Industries
"*Financials would be provided on a best-efforts basis for private companies"
LIST OF TABLES
1.Global HTPB Market By End-Use Industry Market 2019-2024 ($M)1.1 Construction & Civil Engineering Market 2019-2024 ($M) - Global Industry Research
1.2 Aerospace & Defense Market 2019-2024 ($M) - Global Industry Research
1.3 Automotive Market 2019-2024 ($M) - Global Industry Research
1.4 Electrical & Electronics Market 2019-2024 ($M) - Global Industry Research
2.Global HTPB Market By End-Use Industry Market 2019-2024 (Volume/Units)
2.1 Construction & Civil Engineering Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Aerospace & Defense Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Automotive Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Electrical & Electronics Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America HTPB Market By End-Use Industry Market 2019-2024 ($M)
3.1 Construction & Civil Engineering Market 2019-2024 ($M) - Regional Industry Research
3.2 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
3.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
3.4 Electrical & Electronics Market 2019-2024 ($M) - Regional Industry Research
4.South America HTPB Market By End-Use Industry Market 2019-2024 ($M)
4.1 Construction & Civil Engineering Market 2019-2024 ($M) - Regional Industry Research
4.2 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
4.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
4.4 Electrical & Electronics Market 2019-2024 ($M) - Regional Industry Research
5.Europe HTPB Market By End-Use Industry Market 2019-2024 ($M)
5.1 Construction & Civil Engineering Market 2019-2024 ($M) - Regional Industry Research
5.2 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
5.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
5.4 Electrical & Electronics Market 2019-2024 ($M) - Regional Industry Research
6.APAC HTPB Market By End-Use Industry Market 2019-2024 ($M)
6.1 Construction & Civil Engineering Market 2019-2024 ($M) - Regional Industry Research
6.2 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
6.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
6.4 Electrical & Electronics Market 2019-2024 ($M) - Regional Industry Research
7.MENA HTPB Market By End-Use Industry Market 2019-2024 ($M)
7.1 Construction & Civil Engineering Market 2019-2024 ($M) - Regional Industry Research
7.2 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
7.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
7.4 Electrical & Electronics Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Htpb Market Revenue, 2019-2024 ($M)2.Canada Htpb Market Revenue, 2019-2024 ($M)
3.Mexico Htpb Market Revenue, 2019-2024 ($M)
4.Brazil Htpb Market Revenue, 2019-2024 ($M)
5.Argentina Htpb Market Revenue, 2019-2024 ($M)
6.Peru Htpb Market Revenue, 2019-2024 ($M)
7.Colombia Htpb Market Revenue, 2019-2024 ($M)
8.Chile Htpb Market Revenue, 2019-2024 ($M)
9.Rest of South America Htpb Market Revenue, 2019-2024 ($M)
10.UK Htpb Market Revenue, 2019-2024 ($M)
11.Germany Htpb Market Revenue, 2019-2024 ($M)
12.France Htpb Market Revenue, 2019-2024 ($M)
13.Italy Htpb Market Revenue, 2019-2024 ($M)
14.Spain Htpb Market Revenue, 2019-2024 ($M)
15.Rest of Europe Htpb Market Revenue, 2019-2024 ($M)
16.China Htpb Market Revenue, 2019-2024 ($M)
17.India Htpb Market Revenue, 2019-2024 ($M)
18.Japan Htpb Market Revenue, 2019-2024 ($M)
19.South Korea Htpb Market Revenue, 2019-2024 ($M)
20.South Africa Htpb Market Revenue, 2019-2024 ($M)
21.North America Htpb By Application
22.South America Htpb By Application
23.Europe Htpb By Application
24.APAC Htpb By Application
25.MENA Htpb By Application
26.Evonik Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Total Cray Valley, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Idemitsu Kosan, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.CRS Chemicals, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Emerald Performance Materials, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Island Pyrochemical Industries Corp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Zibo Qilong Chemical Industry, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Aerocon Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Monomer-Polymer & Dajac Labs, Sales /Revenue, 2015-2018 ($Mn/$Bn)