Market Insights
HTPB stands for hydroxyl-terminated polybutadiene. It is an oligomer of butadiene terminated at each end with a hydroxyl functional group and is a translucent liquid with a similar color to wax paper and a viscosity similar to corn syrup.
Rising demand for missiles and rockets with technologically efficient HTPB-based rocket fuel is one of the major factors likely to drive market growth during the forecast period. Factors such as increasing investment in space technologies and growing demand for self-healing materials in electronic products, automobiles, military equipment, and building materials are also expected to fuel the growth of the market in the coming years. Further, increasing sales of smartphones and tablets has resulted in an increased production target for manufacturers in the HTPB market. Overall, the HTPB market is likely to rebound at a promising CAGR of 10.5% in the long run.
Segments' Analysis
Application Type
The market is segmented into rocket fuel, waterproof coatings & membranes, adhesives, sealants, electrical & electronics, and others. Rocket fuel is estimated to hold the largest share of the market during the forecast period. Extensive utilization of HTPB in the manufacturing of solid rocket motor propellants is the major factor driving segment growth in the market.
Regional Analysis
North America is estimated to dominate the market during the forecast period. Its dominance can be attributed to the increased usage of HTPB in both the aerospace & defense industries and the construction and civil engineering industries in the region.
The HTPB market is segmented into the following categories:
By Application Type
- Rocket Fuel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Waterproof Coatings & Membranes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Sealants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By End-Use Industry Type
- Construction & Civil Engineering (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, India, Japan, South Korea, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, South Africa, and Others)
Key Players
The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the HTPB market. Most of the major players are providing complete profile systems including profile seals.
- Evonik Industries
- Total Cray Valley
- Idemitsu Kosan
- CRS Chemicals
- Emerald Performance Materials, LLC
- Island Pyrochemical Industries Corporation
- Zibo Qilong Chemical Industry
- Aerocon Systems
- Monomer-Polymer and Dajac Labs
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s HTPB market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for existing and new players.
- Key success factors.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
