Global Hydroxyl-Terminated Polybutadiene (HTPB) Market Is Set To Witness A CAGR Of 9.5% By 2032
Hydroxyl-Terminated Polybutadiene (HTPB) Market Outlook (2022-2032)
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.
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.
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Key Segments of HTPB Industry Research
HTPB Market by Application :
- Rocket Fuel
- Waterproof Coatings & Membranes
- 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
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.