Hydroxyl Terminated Polybutadiene Market size to grow at a CAGR of 5.01% from 2022 to 2027, Driven by the rising demand for adhesives and sealants - Technavio

NEW YORK, April 14, 2023 /PRNewswire/ -- The hydroxyl terminated polybutadiene market size is forecasted to increase by USD 57.48 million from 2022 to 2027, at a CAGR of 5.01%, according to the recent market study by Technavio. The growth of the market will be driven by the rising demand for adhesives and sealants, the rising number of mergers and acquisitions, and wide application in various industries. Make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View a Sample Report! 

Hydroxyl terminated polybutadiene market vendor analysis:

The global HTPB market is fragmented due to the presence of a large number of international and regional vendors. Technavio has extensively analyzed 15 major vendors, including Anant Pharmaceuticals Pvt. Ltd., Antares Chem Pvt. Ltd., C.R. Supply Co., Cole Parmer Instrument Co. LLC, Entegris Inc., Evonik Industries AG, Headworks International, Island Pyrochemical Industries Corp., Kunshan PG Chem Co. Ltd., Lanxess AG, Mach I Inc., mr natural environmental group, OHAir, Orion Chem Pvt. Ltd., PapChem International LLC, RCS Rocket Motor Components Inc., RXChemicals, TotalEnergies SE, and Idemitsu Kosan Co. Ltd.

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Vendor Offerings -

• C.R. Supply Co. - The company offers hydroxyl terminated polybutadiene solutions such as Poly bd, Poly ip, and EPOL. 
• Entegris Inc. - The company offers hydroxyl terminated polybutadiene solutions such as Aldosterone. 
• Evonik Industries AG - The company offers hydroxyl terminated polybutadiene solutions such as POLYVEST HT. 

To provide a deeper understanding of the competitive landscape, Technavio has profiled key players along with the study that categorizes the global market segmentation. Download the Sample Report

Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Market Segmentation:

This hydroxyl terminated polybutadiene market report extensively covers market segmentation by application (rocket fuel, paints, and others), end-user (aerospace and defense, electrical and electronics, construction, automotive, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). 

• The market share growth by the rocket fuel segment will be significant for the market growth during the forecast period. A telechelic polymer with two or more terminal hydroxyl groups, hydroxyl terminated polybutadiene is primarily utilized in the production of adhesives and coatings and as a binder in composite rocket propellants, according to its functionality. The growth of the segment can be attributed to the rising demand for rocket propulsion as a result of increased space exploration, improved rocket propulsion efficiency and technology, and rising commercial space applications. The market is also expanding as a result of rising investments in space activities. Hence, such factors are anticipated to drive the growth of the global market.

Market Dynamics:

Key Drivers:

• The major driver for the growth of the HTPB market is the rising demand for adhesives and sealants. 
• The rising demand for adhesives and sealants in construction, packaging, transportation, and other sectors is anticipated to fuel the market's expansion.
• HTPB-based PU has been extensively utilized in membranes, adhesives, coatings, packing, and cushioning applications.
• The demand for adhesives and sealants is expected to be driven by infrastructure development in countries such as India, China, Japan, Thailand, Indonesia, the Philippines, and others. 
• Such factors will boost the global HTPB market during the forecast period.

Major Trends:

• An emerging trend that is expected to positively impact the growth of the market is increased spending on space exploration. 
• The HTPB market's expansion is primarily driven by the high demand for solid rocket propellant. In an effort to determine whether other planets contain liquid water, precious metals, or other substances, numerous national governments have launched space exploration missions.
• Space programs have recently received billions of dollars in funding from major nations such as the US, China, Russia, France, and Japan.
• In 2022, it was predicted that governments around the world would spend USD 103 billion on space projects. In 2021, the US represented the major part of the USD 54.6 billion spent all around the world on spaceflight exercises.
• It is anticipated that annual spending will be approximately 110 billion USD by 2030.
• Hence, because of the increase in spending on space investigation, the global HTPB market is expected to grow during the forecast period.

Key Challenges:

• A major challenge hampering the market growth during the forecast period is the growing demand for eco-friendly products.
• The rising demand for HTPB from numerous end-user industries is driving up the production of non-biodegradable raw materials.
• The primary component of HTPB is butadiene, a substance that is harmful to the environment and cannot be broken down by the body. The soil is harmed and the ecological balance is upset by these raw materials.
• Hence, the demand for eco-friendly products is increasing, particularly in countries such as the US, Canada, and Germany.
• The use of biodegradable and less carbon-intensive materials by businesses is encouraged, which may reduce the demand for HTPB.
• As a result, the global HTPB market's expansion may be stifled by the strong demand for environmentally friendly raw materials during the forecast period.

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What are the key data covered in this Hydroxyl Terminated Polybutadiene Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Hydroxyl Terminated Polybutadiene Market between 2023 and 2027
• Precise estimation of the size of the Hydroxyl Terminated Polybutadiene Market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Hydroxyl Terminated Polybutadiene Market across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Hydroxyl Terminated Polybutadiene Market vendors

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Key Topics Covered:  

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global hydroxyl terminated polybutadiene market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global hydroxyl terminated polybutadiene market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 End -user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End -user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Rocket fuel - Market size and forecast 2022-2027
• Exhibit 34: Chart on Rocket fuel - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Rocket fuel - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Rocket fuel - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Rocket fuel - Year-over-year growth 2022-2027 (%)

• 6.4 Paints and others - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Paints and others - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Paints and others - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Paints and others - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Paints and others - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ million)
• Exhibit 43: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 46: Chart on Comparison by End-user
• Exhibit 47: Data Table on Comparison by End-user

• 7.3 Aerospace and defense - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Aerospace and defense - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Aerospace and defense - Year-over-year growth 2022-2027 (%)

• 7.4 Electrical and electronics - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Electrical and electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Electrical and electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Electrical and electronics - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Electrical and electronics - Year-over-year growth 2022-2027 (%)

• 7.5 Construction - Market size and forecast 2022-2027
• Exhibit 56: Chart on Construction - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Construction - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Construction - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Construction - Year-over-year growth 2022-2027 (%)

• 7.6 Automotive - Market size and forecast 2022-2027
• Exhibit 60: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027
• Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by End-user 
• Exhibit 68: Market opportunity by End-user ($ million)
• Exhibit 69: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 France - Market size and forecast 2022-2027
• Exhibit 103: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027
• Exhibit 107: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027
• Exhibit 111: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ million)
• Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 C.R. Supply Co. 
• Exhibit 123: C.R. Supply Co. - Overview
• Exhibit 124: C.R. Supply Co. - Product / Service
• Exhibit 125: C.R. Supply Co. - Key offerings

• 12.4 Entegris Inc. 
• Exhibit 126: Entegris Inc. - Overview
• Exhibit 127: Entegris Inc. - Business segments
• Exhibit 128: Entegris Inc. - Key offerings
• Exhibit 129: Entegris Inc. - Segment focus

• 12.5 Evonik Industries AG 
• Exhibit 130: Evonik Industries AG - Overview
• Exhibit 131: Evonik Industries AG - Business segments
• Exhibit 132: Evonik Industries AG - Key news
• Exhibit 133: Evonik Industries AG - Key offerings
• Exhibit 134: Evonik Industries AG - Segment focus

• 12.6 Headworks International 
• Exhibit 135: Headworks International - Overview
• Exhibit 136: Headworks International - Product / Service
• Exhibit 137: Headworks International - Key offerings

• 12.7 Idemitsu Kosan Co. Ltd. 
• Exhibit 138: Idemitsu Kosan Co. Ltd. - Overview
• Exhibit 139: Idemitsu Kosan Co. Ltd. - Business segments
• Exhibit 140: Idemitsu Kosan Co. Ltd. - Key offerings
• Exhibit 141: Idemitsu Kosan Co. Ltd. - Segment focus

• 12.8 Island Pyrochemical Industries Corp.
• Exhibit 142: Island Pyrochemical Industries Corp. - Overview
• Exhibit 143: Island Pyrochemical Industries Corp. - Product / Service
• Exhibit 144: Island Pyrochemical Industries Corp. - Key offerings

• 12.9 Kunshan PG Chem Co. Ltd. 
• Exhibit 145: Kunshan PG Chem Co. Ltd. - Overview
• Exhibit 146: Kunshan PG Chem Co. Ltd. - Product / Service
• Exhibit 147: Kunshan PG Chem Co. Ltd. - Key offerings

• 12.10 Lanxess AG 
• Exhibit 148: Lanxess AG - Overview
• Exhibit 149: Lanxess AG - Business segments
• Exhibit 150: Lanxess AG - Key offerings
• Exhibit 151: Lanxess AG - Segment focus

• 12.11 Mach I Inc. 
• Exhibit 152: Mach I Inc. - Overview
• Exhibit 153: Mach I Inc. - Product / Service
• Exhibit 154: Mach I Inc. - Key offerings

• 12.12 mr natural environmental group 
• Exhibit 155: mr natural environmental group - Overview
• Exhibit 156: mr natural environmental group - Product / Service
• Exhibit 157: mr natural environmental group - Key offerings

• 12.13 OHAir 
• Exhibit 158: OHAir - Overview
• Exhibit 159: OHAir - Product / Service
• Exhibit 160: OHAir - Key offerings

• 12.14 Orion Chem Pvt. Ltd. 
• Exhibit 161: Orion Chem Pvt. Ltd. - Overview
• Exhibit 162: Orion Chem Pvt. Ltd. - Product / Service
• Exhibit 163: Orion Chem Pvt. Ltd. - Key offerings

• 12.15 RCS Rocket Motor Components Inc. 
• Exhibit 164: RCS Rocket Motor Components Inc. - Overview
• Exhibit 165: RCS Rocket Motor Components Inc. - Product / Service
• Exhibit 166: RCS Rocket Motor Components Inc. - Key offerings

• 12.16 RXChemicals 
• Exhibit 167: RXChemicals - Overview
• Exhibit 168: RXChemicals - Product / Service
• Exhibit 169: RXChemicals - Key offerings

• 12.17 TotalEnergies SE 
• Exhibit 170: TotalEnergies SE - Overview
• Exhibit 171: TotalEnergies SE - Business segments
• Exhibit 172: TotalEnergies SE - Key news
• Exhibit 173: TotalEnergies SE - Key offerings
• Exhibit 174: TotalEnergies SE - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 175: Inclusions checklist
• Exhibit 176: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 177: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 178: Research methodology
• Exhibit 179: Validation techniques employed for market sizing
• Exhibit 180: Information sources

• 13.5 List of abbreviations 
• Exhibit 181: List of abbreviations

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