Pulished Date March, 2019
ID: 8134
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HTPB (Hydroxyl-Terminated Polybutadiene) Market By Application (Rocket Fuel, Water Sealants & Membranes, & Adhesives), By End Users (Aerospace & Defense, Construction, Automotive, & Electrical & Electronics Industry), By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018-2023)

Pulished: March, 2019
ID: 8134
Pages: 175

Market Overview:

The Global HTPB (Hydroxyl-Terminated Polybutadiene) market is expected to witness moderate growth in the forecast period (2018 – 2023). The market is predicted to flourish in North America & European region. Asia Pacific is expected to have the fastest booming region for the market.

Recent Developments:

  • In a recent study carried out by Instituto Nacional de Técnica Aeroespacial “Esteban Terradas”, INTA, Spain on development of composite propellants from nanoparticles to Metallo – Polyurethane. The Study was to modify burning rate of composite solid propellants (CSPs) using various additives.
  • Recently, a study is being carried out on integration of solid propellants & energetic material to microelectromechanical system (MEMS). Solid energetic based material can be used as microthrusters for space missions. The solid propellants are known for attractive onboard energy sources that contain high energy density and rapid energy release and high actuation pressure when demanded in micro-propulsion. [1]
  • Studies are being carried on development of Nano – structured Fe2Ocatalyst for solid fuel rocket propulsions. Methods are being developed to enhance catalytic activity of Nano – structured Fe2O3 in the ballistic modification of HTPB / AP based composite solid propellant. [2]

HTPB market value & expected growth:

The Global HTPB (Hydroxyl-Terminated Polybutadiene) market was $147.51 million in 2018. It is expected to be around $243.57 million in 2023 with a current CAGR of 10.55 %.

HTPB market Drivers & Restraints:

The curiosity to explore the world outside earth many space missions are being carried out by various space centers across the globe. This has demanded for technological advancement in the type of rocket fuels we use, hence boosting the growth in the market.

HTPB is also used in various other industries such as construction, defense, & automobile sector. Polyurethanes manufactured from HTPB can be used as insulating panels, hybrid tires, surface sealants & coatings, & also in development of synthetic fibers. These are also some of the factors which would be boosting the markets growth in the forecast period (2018 – 2023).  

HTPB derived solid propellants are very effective as space rocket fuels. Efficiency of these fuels can be enhanced when mixed with certain additives which will help to improve the burning rate. Therefore, this market has lot of scope for growth as many R & Ds are being carried out in this field mostly in development of composite solid fuels (CSPs).

The fluctuation in prices of HTPB & general high prices are some of the factors pulling the growth of the market. HTPB derived solid fuel are being patented by their manufacturers and hence blocking the entry of new market players. This is also one of the reasons for restraining the growth in market.

Market Segmentation:

  • By Application (Rocket Fuel, water sealants & membranes, & Adhesives)
  • By End Users (Aerospace & Defense, Construction, Automotive, & Electrical & electronics industry)
  • By Region (North America, Europe, Latin America, Asia Pacific, Middle East & Africa)

By geography the market is segmented into Latin America, Asia Pacific, Europe, North America, and Middle East and Africa. Among them North America has the biggest market followed by Europe. North America is the leading consumer of HTPB majorly in aerospace & defence. Asia Pacific is expected to grow the fastest among the other entire regions because of most developing economies in this region.

Key Market Players:

Some of the key market players are TOTAL Cray valley (France), Evonik Industries (Germany), Idemitsu Kosan (Japan), Emerald Performance Materials (United States of America), CRS Chemicals (United States of America), ISLAND PYROCHEMICAL INDUSTRIES CORP. (United States of America), Monomer – polymer DAJAC Labs (United States of America), Zibo Quilong Chemical Industries (China), Polymer Source ( Canada), Aerocon Systems Co. (United States of America),MACH I (United States of America).

TOTAL Cray valley (France) has developed high performance adhesives & sealants Poly.bd, Krasol resins which provides high adhesive property, Hydrolytic stability, Resistant to strong acidic & basic solutions, Thermal cycling stability, & high Electrical insulation.

Research Report Key Highlights:

  • The evaluation of the current market for your product or services and the future implications of the market
  • Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future Extensive segmentation to understand the dynamics of the market at a very granular level by splitting down the market to the smallest segment.
  • Addresses the key market dynamics involving the drivers, restraints, and challenges with an aim of providing insights for gaining market share.
  • The factors responsible for the shaping of the industry as it is as a result of the competitive environment are analyzed through Porter’s Five Forces.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Application                 

                                5.1.1 Introduction           

                                5.1.2 Rocket Fuels           

                                5.1.3 Water sealants & Membranes       

                                5.1.4 Adhesives

                                5.1.5  Y-o-Y Growth Analysis, By Product               

                                5.1.6  Market Attractiveness Analysis, By Product             

                                5.1.7  Market Share Analysis, By Product               

                5.2 End User                      

                                5.2.1 Introduction           

                                5.2.2 Aerospace & defense         

                                5.2.3 Construction          

                                5.2.4 Automobile            

                                5.2.5 Electrical & electronics      

                                5.2.6Y-o-Y Growth Analysis, By End User               

                                5.2.7 Market Attractiveness Analysis, By End User            

                                5.2.8 Market Share Analysis, By End User             

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Application

                                                6.1.3.3 By End User

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Application

                                                6.1.4.3 By End User

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Application

                                                6.1.5.3 By End User

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy           

                                6.2.6 France      

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan        

                                6.3.5 Australia  

                                6.3.6 South Korea           

                6.5 Latin America                            

                                6.4.1 Introduction           

                                6.4.2 Brazil         

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America         

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa        

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                        

                8.1 TOTAL Cray Valley                    

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Evonik Industries                     

                8.3Idemitsu Kosan Co. Ltd.                          

                8.4Emrald Performance Material                             

                8.5 CRS Chemicals                           

                8.6 ISLAND PYROCHEMICALS INDUTRIAL CORP LTD.                         

                8.7 Monomer -polymer DAJACS Labs                      

                8.8 Aerocon systems                     

                8.9 Polymer Source                        

                8.10 MACH I                      

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global HTPB  market Market By Region, From 2018-2023 ( USD Million )
  2. Global HTPB  market Market By Application, From 2018-2023 ( USD Million )
  3. Global Rocket Fuels Market By Region, From 2018-2023 ( USD Million )
  4. Global Water sealants & membranes Market By Region, From 2018-2023 ( USD Million )
  5. Global Adhesives Market By Region, From 2018-2023 ( USD Million )
  6. Global HTPB  market Market By End User, From 2018-2023 ( USD Million )
  7. Global Aerospace & Defense Market By Region, From 2018-2023 ( USD Million )
  8. Global Construction Market By Region, From 2018-2023 ( USD Million )
  9. Global Automotive Market By Region, From 2018-2023 ( USD Million )
  10. Global Electrical & Electronics Market By Region, From 2018-2023 ( USD Million )

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