Pune, India -- (SBWire) -- 06/22/2018 --New Research of Global Hydroxyl-terminated polybutadiene (HTPB) market is predictable to reach USD 260.7 billion by 2025, from USD 122.00 billion in 2017 growing at a CAGR of 10.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Market Definition:
Hydroxyl-terminated polybutadiene (HTPB) resins occupy a unique space for commercially available polyols in the context of polyurethane elastomers. These resins are characterized by low temperature flexibility, hydrophobicity and hydrolytic stability; polyurethane elastomers present solutions to strenuous applications in the adhesives and sealants market. Due to the hydrocarbon nature of the polymer backbone, these elastomers also have extremely low dielectric constant, dissipation factor, and moisture vapor transmission rate (MVTR) properties. HTPB is a telechelic polymer which has two or more reactive hydroxyl end groups. Commonly, HTPB telechelic polymers are prepared by two different polymerization technologies namely free radical method and anionic polymerization.
The information industry is the fastest growing industry and various electronic products such as mobile phones, personal digital assistants and notebooks have become daily necessities. The various factors that favour the growth of the HTPB market are increasing demand, wide range of applications, rapid urbanization & industrialization and rise in research & development activities.For instance In the year 2011 Evonik Industries (Germany) has built a plant in Marl, Germany, to make hydroxy-functionalised polybutadiene. With this plant the company was able to offer hydroxyl-functionalised polybutadiene to its customers in the adhesives and sealant industries and this expansion has strengthen companies position as a solution provider for sustainable products for the adhesives and sealant industries.
Key Market Competitors:
The key players operating in the global hydroxyl-terminated polybutadiene (HTPB) market are –
- Evonik Industries
- Total Cray Valley
- Idemitsu Kosan
- CRS Chemicals
The other players in the market are merald Performance Materials, Island Pyrochemical Industries Corp, Zibo Qilong Chemical Industry, Aerocon Systems, Monomer-Polymer and Dajac Labs, Mach I, Polymer Source, RCS Rocket Motor Components and many more.
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Global Hydroxyl-terminated polybutadiene (HTPB) Market Segmentation:
By Application
- Rocket Fuel
- Waterproof Coatings & Membranes
- Adhesives, Sealants
- Electrical (Potting and Encapsulation) & Electronics (Hard-Plastic Parts)
- Others
By Application
- Construction & Civil Engineering
- Aerospace & Defence
- Automotive
- Electrical & Electronics
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global Hydroxyl-terminated polybutadiene (HTPB) market
- Analyze and forecast the Hydroxyl-terminated polybutadiene (HTPB) market on the basis of processes, derivative, and application
- Trends of key regional and country-level markets for processes, derivative, and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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Hydroxyl-Terminated Polybutadiene (HTPB) Market by Top Key Players Like Evonik Industries, Total Cray Valley, Idemitsu Kosan, CRS Chemicals and Forecast 2025
The global hydroxyl-terminated polybutadiene (HTPB) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hydroxyl-terminated polybutadiene (HTPB) market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.