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 2030, up from US$ 203 million in 2022.

HTPB Market Overview:

The major growth drivers segmented in the hydroxyl-terminated polybutadiene market are increasing investments in space technology and growth in the aerospace and defense industry globally. Growing investment in space technology in countries such as the United States, China, and India is expected to drive the market growth. Additionally, growth is driven by properties used extensively in coatings, packings, cushions, membranes, and adhesives. It has become a promising binder for oxidants, metal fuels and other additives in composite propellant applications. These factors are expected to positively fuel the growth of the global HTPB market.

As the popularity of HTPB polyurethane as a versatile fuel binder for composite propellants increases, continuous research to develop energetic HTPBs to improve the ballistic performance of composite propellants is expected to lead the HTPB market over the expected period. It has also become a promising binder for oxidizers, metal fuels and other additives in composite propellant applications. HTPB-based binders provide structural integrity and dimensional stability, as well as excellent mechanical properties. This is expected to fuel the market over the forecast period.

There are certain limitations and constraints that will limit the overall market growth. Factors such as high price are identified as major barriers to the hydroxyl-terminated polybutadiene market. The polymer's high price is quite high compared to solid polybutadiene rubber, which is presumed to be of little use in small manufacturers. Along with this, fluctuating prices of raw materials such as butadiene monomer are potential restraining factors hindering the overall growth of the global HTPB market. Nonetheless, advances in technology, increasing application of polymers in the construction industry, and untapped potential in emerging markets offer promising growth opportunities.

HTPB market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global HTPB market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In June 2017, TOTAL Cray Valley started commercial production of Krasol F 3000 diol. This product is an extension of the Ricon and Krasol product lines of liquid polybutadiene resins.
• In April 2017 Evonik introduced new products to the coatings and adhesives market at the European Coatings Show. The product portfolio consists of different types of coatings, extending the product range. New products will help the company increase its profits.

Major Market Segments Covered in HTPB Industry Research:

Market Key Players:
Evonik, Total Cray Valley, Idemitsu Kosan, CRS Chemicals, Emerald Performance Materials, Island Pyrochemical Industries, Zibo Qilong Chemical Industry, Aerocon Systems, Monomer-Polymer and Dajac Labs, RCS Rocket Motor Components

By Type:

• Free radical polymerization
• Anionic polymerization

By Application:

• Construction & Civil Engineering
• Aerospace & Defense
• Automotive
• Electrical & Electronics
• Others

By Region:

North America dominated the Htpb market share at over 38%, followed by APAC and Europe. The increasing use of HTPB has increased its use in both the aerospace and defense sectors and the construction and civil engineering sectors in the region. By 2022, the US will hold the largest share of the North American market. The major manufacturers of HTPB are based in North America, including CRS Chemical (USA), Emerald Performance Materials (USA), and Monomer-Polymer & DAJAC Labs (USA).

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Driver -

HTPB prepolymers are being extensively studied for applications in high-load solid propellants and have several advantages over CTPB prepolymers. However, there are some flaws in balancing pot life control and mechanical properties at low and high temperatures. This is presumably caused by the material's low molecular weight (Mn - 3000), high functionality (fw 2.3) and high reactivity. its functional group.

Challenge -

Hydroxyl-terminated polybutadiene (HTPB) is very expensive compared to polybutadiene, and the price varies according to the price of the raw material. Key players in the global market for hydroxyl-terminated polybutadiene (HTPB) possess proprietary HTPB production technologies. This is hindering the entry of new manufacturers in the global hydroxyl-terminated polybutadiene (HTPB) market. In the forecast era, HTPB cost will be the limiting factor for the global hydroxyl terminated polybutadiene (HTPB) market over the forecast period, given its superior properties.

HTPB Market report scope:

Report Attributes	Details
Growth Rate	CAGR of 9.5% from 2022 to 2030.
By Type	Free radical polymerization, Anionic polymerization
By Application	Construction & Civil Engineering, Aerospace & Defense, Automotive, Electrical & Electronics, Others
By Companies	Evonik, Total Cray Valley, Idemitsu Kosan, CRS Chemicals, Emerald Performance Materials, Island Pyrochemical Industries, Zibo Qilong Chemical Industry, Aerocon Systems, Monomer-Polymer and Dajac Labs, RCS Rocket Motor Components
Regions  and Countries  Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Key Takeaways from this HTPB Report

• Estimate HTPB market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the HTPB market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of HTPB market?

The HTPB Market is growing at a CAGR of 9.5% During Forecast Period.

What are the key types of HTPB market?

Free radical polymerization, Anionic polymerization

What are the key applications of HTPB market?

Construction & Civil Engineering, Aerospace & Defense, Automotive, Electrical & Electronics, Others    

Who are the key players in HTPB market?

Evonik, Total Cray Valley, Idemitsu Kosan, CRS Chemicals, Emerald Performance Materials, Island Pyrochemical Industries, Zibo Qilong Chemical Industry, Aerocon Systems, Monomer-Polymer and Dajac Labs, RCS Rocket Motor Components