About hydroxyl terminated polybutadiene
Hydroxyl Terminated Polybutadiene or HTPB is a viscous liquid made up of molecules of butadiene and hydroxyl functional group. HTPB comes in varied properties, as the mixture is made for specific customer requirements. This offers a wide scale of applications from HTPB such as Sealants, Adhesives, Coating Membranes, Rocket Fuel, etc. The most popular one recently was the use of HTPB in Solid Rocket Fuel or solid rocket propellant where it is mixed with oxidising agents and several other components. With the rise of the multibillion-dollar Space and Missile Industry, the growth potential of HTPB looks exciting. Geographically, North America is the Primary market of the HTPB.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Investing in ongoing research and development activities can lead to product innovation and differentiation. Manufacturers can also focus on enhancing the performance characteristics of HTPB. Additionally, players explore new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Evonik Industries AG (Germany), Island Pyrochemical Industries (United States), Idemitsu Kosan Company, Ltd. (Japan), Cray Valley USA, LLC (United States), CRS Chemicals (United States), Polymer Source. Inc. (Canada), Orion Chem Pvt Ltd. (India), Sigma-Aldrich, Inc. (United States), Zibo Qilong Chemical Co, Ltd (China) and Monomer-Polymer & Dajac Labs (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global hydroxyl terminated polybutadiene market by , Application (Coating Materials, Sealants, Adhesives, Rocket Fuel and Others) and Region.
On the basis of geography, the market of hydroxyl terminated polybutadiene has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the hydroxyl terminated polybutadiene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Aerospace and Defence will boost the hydroxyl terminated polybutadiene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Preference for Coating Material in Automobile Industry
Market Growth Drivers:
Growing Demand for Solid Rocket Fuel due to Increasing Investments in Space Research, Rapid Urbanization is increasing the Demand for Sealants and Adhesives widely used in Construction and Rise of the Automotive Industry
Challenges:
Adoption of Sustainable Manufacturing Process and Insuring Easy Availability
Restraints:
Rising Competition from TESPT
Opportunities:
Aerospace Particularly Space Exploration Presents Exciting Opportunities Especially with the Emergence of Private Space Companies
In 2020, The Advanced Centre of Research in High Energy Materials (ACRHEM), which is a research and development center under India’s DRDO, announced the successful patenting of Hydroxyl Terminated Polybutadiene (HTPB)-based Polyurethanes, which is expected to revolutionize, ISRO and DRDO's Future Space Rocket and Missile Technology respectively.
In the United States, the Environmental Protection Agency (EPA) regulates chemicals under the Toxic Substances Control Act (TSCA). HTPB may be subject to reporting, testing, and other requirements under TSCA, depending on its specific use and characteristics.
Key Target Audience
HTPB Manufacturers, Suppliers, and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.