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Htpb Market size is forecast to reach $232.84 Million by 2025, after growing at a CAGR of 9.8% during 2020-2025. As a flexible fuel binder for compound solid propellants, HTPB polyurethane is increasingly common, which provides a boost to market growth. The growth is driven by its properties and is commonly used for printing, packaging, insulation, membrane and sticking applications. In a composite-propellent application, it has been a promising binder for oxidizers, metallic fuels and other additives. The HTPB-based binder provides structural integrity and dimensional stability but has excellent mechanical characteristics as well. In order to increase ballistic efficiency of composite propellants, the researcher has produced effective HTPB.
Report Coverage
The “Htpb Market report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Htpb Industry.
By Manufacturing Process: Free Radical Polymerization, Anionic Polymerization
By Application: Rocket Fuel, Waterproof Coatings & Membranes, Adhesives, Sealants, Potting & Encapsulation and Others
By End user: Construction & Civil Engineering, Aerospace & Defense, Automotive, Electrical & Electronics, Packaging, and Others
By Geography: North America, South America, Europe, APAC and Middle East and Africa
Key Takeaways
- A strong adoption rate and preferences from the North American area have been seen on the hydroxyl polybutadiene (HTPB) market. This is because the automotive and aerospace industries in the region are rising.
- HTPB (98.6 percent)'s low viscosity and low specific gravity, along with its hydrocarbon character, makes it an advantageous PU fuel binder. It is in usual storage conditions physically and chemically consistent with traditional oxidizers and other ingredients. Increased use of HTPB products in building-built adhesives is causing increased requirements on the HTPB market.
- Production, as well as off take of Htpb Market, is likely to be virtually decline during 2020-2021 due to COVID-19 impact across various sectors.
Application - Segment Analysis
Rocket fuel application holds the largest share in Htpb Market in 2019, is growing at a CAGR of 10.5%. Since it is used to manufacture solid rocket motor propellants as fuel and binder. Burning propellants produce rocket thrust and must achieve terminal terms such as range and speed. Because of HTPB's structure, polyurethane-based solid rocket propellant HTPB binders have higher stress-strain (higher length) and better low-temperature properties than comparable hydroxyl-group butadiene homopolymers.
End-Use Industry - Segment Analysis
Construction & Civil Engineering sector holds the largest share in Htpb Market in 2019. HTPB is commonly applied to the preparation of waterproof Coatings membrane adhesives and sealants for building & engineering. The use of HTPB in polyurethanes elastomeric indicates a high hydrophobicity due to its backbone polybutadiene. For isolating glass windows HTPB-based sealants are used around the world. HTPB is used in glass-insulated displays and provides a wide variety of temperature excellence in adhesion, UV resistance and physical properties.
Geography - Segment Analysis
North America dominated the Htpb Market share with more than 38%, followed by APAC and Europe. As the use of HTPB has increased, both for the aerospace and defense sectors and for construction and civil engineering in the region. By 2022, the US will account for North America's largest share of the market. HTPB's major manufacturers are based in North America such as CRS Chemical (US), Emerald Performance Materials (US), as well as Monomer-Polymer & DAJAC Labs (US).
Drivers – Htpb Market
- Advantages over CTPB
HTPB prepolymer is being extensively studied for applications in highly loaded solid propellants and possesses some advantage over CTPB prepolymer. It does have some deficiencies, however, in pot life control and in balancing mechanical properties at low and high temperatures, which presumably are caused by the material's low molecules weight (Mn - 3000), high functionality (fw 2.3), and high reactivity of its functional groups.
Challenges – Htpb Market
- High Cost
Hydroxyl-terminated polybutadiene (HTPB) is very expensive compared with polybutadiene and prices differ according to the raw material prices concerned. Significant actors in the global market of polybutadiene terminated with hydroxyl (HTPBs) have proprietary HTPB production technology. This is an obstacle to the entry of new manufacturers on the global hydroxyl-terminated polybutadiene (HTPB) market. In the forecast era, given its excellent properties, HTPB cost will prove to be a restricting factor for the global hydroxyl-terminated polybutadiene (HTPB) market during the forecast period.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Htpb Market. In 2019, the market of Htpb has been consolidated by the top ten seven players accounting for XX% of the share. Major players in the Htpb Market are TOTAL Cray Valley, Evonik Industries, Idemitsu Kosan, CRS Chemicals, Emerald Performance Materials, ISLAND PYROCHEMICAL INDUSTRIES CORP, Monomer-Polymer & DAJAC Labs, Zibo Qilong Chemical Industry, Aerocon Systems Co. and among other.
Acquisitions/Product launches:
- In June 2017, TOTAL Cray Valley commercially produced Krasol F 3000 diol product. The product is an extension to the company’s Ricon and Krasol product lines of liquid polybutadiene resins.
- In April 2017, Evonik launched its new product in the market for coatings and adhesives at the European Coatings Show. The product portfolio comprised of different types of coatings thus expanding its product range. The new product will help the company in increasing its profits.
1. Htpb Market - Market Overview
1.1 Definitions and Scope
2. Htpb Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Manufacturing Process
2.3 Key Trends by Application
2.4 Key Trends by End User
2.5 Key Trends by Geography
3. Htpb Market - Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Htpb Market - Startup companies Scenario Premium (Premium)
4.1 Top startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Htpb Market– Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. Htpb Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1Bargaining power of suppliers
6.4.2Bargaining powers of customers
6.4.3Threat of new entrants
6.4.4Rivalry among existing players
6.4.5Threat of substitutes
7. Htpb Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors Analysis
8. Htpb Market – By Manufacturing Process (Market Size -$Million)
8.1 Free Radical Polymerization
8.2 Anionic Polymerization
9. Htpb Market – By Application (Market Size -$Million)
9.1 Rocket Fuel
9.2 Waterproof Coatings & Membranes
9.3 Adhesives
9.4 Sealants
9.5 Potting & Encapsulation
9.6 Others
10. Htpb Market – By End User (Market Size -$Million)
10.1 Construction & Civil Engineering
10.2 Aerospace & Defense
10.3 Automotive
10.4 Electrical & Electronics
10.5 Packaging
10.6 Others
11. Htpb Market - By Geography (Market Size -$Million)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 South America
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Colombia
11.2.4 Chile
11.2.5 Rest OF South America
11.3 Europe
11.3.1 U.K
11.3.2 Germany
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Netherlands
11.3.7 Russia
11.3.8 Belgium
11.3.9 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 ANZ
11.4.4 Japan
11.4.5 South Korea
11.4.6 Rest of Asia Pacific
11.5 ROW
11.5.1 Middle East
11.5.1.1 Saudi Arabia
11.5.1.2 UAE
11.5.1.3 Israel
11.5.1.4 Rest of Middle East
11.5.2 Africa
11.5.2.1 South Africa
11.5.2.2 Nigeria
11.5.2.3 Rest of South Africa
12. Htpb Market - Entropy
12.1 New Product Launches
12.2 M&A’s, Collaborations, JVs and Partnerships
13. Market Share Analysis (Premium)
13.1 Market Share by Country- Top companies
13.2 Market Share by Region- Top companies
13.3 Market Share by type of Product / Product category- Top companies
13.4 Market Share at global level- Top companies
13.5 Best Practices for companies
14. Htpb Market- List of Key Companies by Country (Premium)
15. Htpb Market- Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
LIST OF TABLES
1.Global HTPB Market By End-Use Industry Market 2019-2024 ($M)1.1 Construction & Civil Engineering Market 2019-2024 ($M) - Global Industry Research
1.2 Aerospace & Defense Market 2019-2024 ($M) - Global Industry Research
1.3 Automotive Market 2019-2024 ($M) - Global Industry Research
1.4 Electrical & Electronics Market 2019-2024 ($M) - Global Industry Research
2.Global HTPB Market By End-Use Industry Market 2019-2024 (Volume/Units)
2.1 Construction & Civil Engineering Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Aerospace & Defense Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Automotive Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Electrical & Electronics Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America HTPB Market By End-Use Industry Market 2019-2024 ($M)
3.1 Construction & Civil Engineering Market 2019-2024 ($M) - Regional Industry Research
3.2 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
3.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
3.4 Electrical & Electronics Market 2019-2024 ($M) - Regional Industry Research
4.South America HTPB Market By End-Use Industry Market 2019-2024 ($M)
4.1 Construction & Civil Engineering Market 2019-2024 ($M) - Regional Industry Research
4.2 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
4.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
4.4 Electrical & Electronics Market 2019-2024 ($M) - Regional Industry Research
5.Europe HTPB Market By End-Use Industry Market 2019-2024 ($M)
5.1 Construction & Civil Engineering Market 2019-2024 ($M) - Regional Industry Research
5.2 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
5.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
5.4 Electrical & Electronics Market 2019-2024 ($M) - Regional Industry Research
6.APAC HTPB Market By End-Use Industry Market 2019-2024 ($M)
6.1 Construction & Civil Engineering Market 2019-2024 ($M) - Regional Industry Research
6.2 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
6.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
6.4 Electrical & Electronics Market 2019-2024 ($M) - Regional Industry Research
7.MENA HTPB Market By End-Use Industry Market 2019-2024 ($M)
7.1 Construction & Civil Engineering Market 2019-2024 ($M) - Regional Industry Research
7.2 Aerospace & Defense Market 2019-2024 ($M) - Regional Industry Research
7.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
7.4 Electrical & Electronics Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Htpb Market Revenue, 2019-2024 ($M)2.Canada Htpb Market Revenue, 2019-2024 ($M)
3.Mexico Htpb Market Revenue, 2019-2024 ($M)
4.Brazil Htpb Market Revenue, 2019-2024 ($M)
5.Argentina Htpb Market Revenue, 2019-2024 ($M)
6.Peru Htpb Market Revenue, 2019-2024 ($M)
7.Colombia Htpb Market Revenue, 2019-2024 ($M)
8.Chile Htpb Market Revenue, 2019-2024 ($M)
9.Rest of South America Htpb Market Revenue, 2019-2024 ($M)
10.UK Htpb Market Revenue, 2019-2024 ($M)
11.Germany Htpb Market Revenue, 2019-2024 ($M)
12.France Htpb Market Revenue, 2019-2024 ($M)
13.Italy Htpb Market Revenue, 2019-2024 ($M)
14.Spain Htpb Market Revenue, 2019-2024 ($M)
15.Rest of Europe Htpb Market Revenue, 2019-2024 ($M)
16.China Htpb Market Revenue, 2019-2024 ($M)
17.India Htpb Market Revenue, 2019-2024 ($M)
18.Japan Htpb Market Revenue, 2019-2024 ($M)
19.South Korea Htpb Market Revenue, 2019-2024 ($M)
20.South Africa Htpb Market Revenue, 2019-2024 ($M)
21.North America Htpb By Application
22.South America Htpb By Application
23.Europe Htpb By Application
24.APAC Htpb By Application
25.MENA Htpb By Application
26.Evonik Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Total Cray Valley, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Idemitsu Kosan, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.CRS Chemicals, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Emerald Performance Materials, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Island Pyrochemical Industries Corp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Zibo Qilong Chemical Industry, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Aerocon Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Monomer-Polymer & Dajac Labs, Sales /Revenue, 2015-2018 ($Mn/$Bn)