Global hydroxyl-terminated polybutadiene (HTPB) market is set to witness a CAGR of 9.5% to reach a market valuation of US$ 498.7 million by 2030, up from US$ 203 million in 2023.

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Hydroxyl Terminated Polybutadiene (HTPB) Market
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Market Overview
The market value of the global hydroxyl-terminated
polybutadiene (HTPB) industry is projected to
increase from US 203 million in 2022 to US
498.7 million by the year 2030, representing a
CAGR of 9.5.Polybutadiene oligomer with hydroxyl
groups attached to both ends is called
hydroxyl-terminated polybutadiene (HTPB).
Polyurethane polymers can be produced by reacting
hydroxyl-terminated polybutadiene with
isocyanates. It's a transparent liquid that's
about as thick as corn syrup and looks roughly
the same as wax paper. The primary application
for HTPB compounds is in solid rocket fuel. These
polybutadienes are commonly employed in the
aerospace and defense sectors due to their low
glass transition temperatures, high strength, and
low volatile content.Growth in the aerospace and
military industry, as well as rising investments
in space technology, are the primary forces
propelling the hydroxyl-terminated polybutadiene
market. Increased spending on space technology by
countries like the United States, China, and
India is projected to fuel the market's growth.
Coatings, packings, cushions, membranes, and
adhesives are all common examples of materials
that benefit from growth-promoting properties.
Composite propellants could use it as a binding
agent for oxidants, metal fuels, and other
components. These factors should encourage the
expansion of the worldwide HTPB market.More study
into creating HTPBs that are more energetic and
better the ballistic performance of composite
propellants is necessary as the usage of HTPB
polyurethane as a flexible fuel binder for
composite propellants becomes

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By Region
At over 38, North America's Htpb market share
was far and away the largest, followed by both
Asia and Europe. The region has seen a surge in
the usage of HTPB in the aerospace and defense
sectors, as well as the construction and civil
engineering sectors. The United States will have
a commanding presence in the North American
market by the year 2022. North American companies
like CRS Chemical (USA), Emerald Performance
Materials (USA), and Monomer-Polymer DAJAC Labs
(USA) are among the industry leaders in HTPB
production.Demand from emerging economies like
India and China is driving growth in the
hydroxyl-terminated polybutadiene market in
Asia.Hydroxyl-terminated polybutadiene is used as
an encapsulant and potting material in the
electrical and electronic sectors. Sealants made
from hydroxyl-terminated polybutadiene are
commonly used in the car industry to encase
electrical components such headlights, speakers,
bumpers, and damping material. Production in
China and India would drop to about 30.2 million
vehicles in 2019 (a decline of 7.5 and 12,
respectively) from 2018. Market expansion is
expected, nevertheless, thanks to more
eco-friendly efforts and the popularity of
electric and hybrid cars.Hydroxyl-terminated
polybutadiene is used to bind the fuel and
oxidizing agent in the creation of solid rocket
propellants. During the projection period, the
market is expected to be driven by countries
expanding their space programs, such as China and
India.The developing economies of India and
China, namely in the construction sector, are
also expected to contribute to the market's
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The Global Hydroxyl Terminated Polybutadiene
(HTPB) Market has been segmented into

• By Application
• Construction and civil engineering 
• Aerospace and defense 
• Automotive 
• Electrical and electronics 
• Others

• By Type
• Free radical polymerization
• Anionic polymerization

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The Global Hydroxyl Terminated Polybutadiene
(HTPB) Market has been segmented into

• By Region
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe

• By Region
• North America
• US
• Canada
• Mexico
• Rest of North America
• The Middle East Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

• By Region
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific

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Key Market Updates

• In July 2019, Entegris announced that it had
  acquired MPD Chemicals, the parent company of
  Monomer-Polymer Dajac Labs. This acquisition
  helped to grow and diversify Entegris' engineered
  materials portfolio
• In June 2017, TOTAL Cray Valley started
  commercial production of Krasol F 3000 diol. This
  product is an extension of the Ricon and Krasol
  product lines of liquid polybutadiene resins.
• In April 2017 Evonik introduced new products to
  the coatings and adhesives market at the European
  Coatings Show. The product portfolio consists of
  different types of coatings, extending the
  product range. New products will help the company
  increase its profits.
• In November 2014, Evonik Industries AG opened a
  new plant for hydroxyl-terminated polybutadiene
  (HTPB) in Marl. Evonik marketed HTPB under the
  brand name POLYVEST HT, and along with it, the
  company had extended its polybutadienes product
  portfolio by a further functionalized grade. This
  development helped the company to create goodwill
  for the company.

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Market Players

• Evonik
• Total Cray Valley
• Idemitsu Kosan
• CRS Chemicals
• Emerald Performance Materials
• Island Pyrochemical Industries
• Zibo Qilong Chemical Industry
• Aerocon Systems
• Monomer-Polymer and Dajac Labs
• RCS Rocket Motor Components

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