Global Htpb Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Rocket Fuel, Waterproof Coatings & Membranes, Adhesives, Sealants, Electrical (Potting and Encapsulation) & Electronics (Hard-Plastic Parts) and Others.

By End-Use Industry;

Construction & Civil Engineering, Aerospace & Defense, Automotive, Electrical & Electronics and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn480191011 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Htpb Market (USD Million), 2021 - 2031

In the year 2024, the Global Htpb Market was valued at USD 221.93 million. The size of this market is expected to increase to USD 413.57 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.3%.

The global Hydroxyl-terminated polybutadiene (HTPB) market is poised for significant growth due to its versatile applications across various industries. HTPB, a key binder in solid rocket propellants, is crucial for the aerospace and defense sectors, where its high performance and reliability are essential. As space exploration and defense initiatives expand, the demand for HTPB is expected to rise, driven by advancements in rocket technology and increased defense budgets worldwide.

In the automotive sector, HTPB is gaining traction for its use in advanced composites and coatings. The growing focus on lightweight materials for fuel efficiency and emissions reduction is propelling the adoption of HTPB in automotive applications. This shift is further supported by the trend towards higher-performance and more durable materials in vehicle manufacturing, leading to an increased market presence for HTPB.

The construction industry is exploring HTPB for its superior adhesive properties and resistance to environmental factors. The material's application in construction adhesives and sealants enhances the longevity and structural integrity of buildings and infrastructure projects. As construction activities accelerate globally, driven by urbanization and infrastructure development, the HTPB market is expected to benefit from increased demand in this sector as well.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By End-Use Industry
    3. Market Snapshot, By Region
  4. Global Htpb Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aerospace Advancements
        2. Defense Expansion
        3. Automotive Lightweighting
      2. Restraints
        1. High Costs
        2. Limited Supply
        3. Environmental Concerns
      3. Opportunities
        1. Composites Demand
        2. Construction Adhesives
        3. Space Exploration
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Htpb Market, By Application, 2021 - 2031 (USD Million)
      1. Rocket Fuel
      2. Waterproof Coatings & Membranes
      3. Adhesives
      4. Sealants
      5. Electrical (Potting and Encapsulation) & Electronics (Hard-Plastic Parts)
      6. Others
    2. Global Htpb Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Construction & Civil Engineering
      2. Aerospace & Defense
      3. Automotive
      4. Electrical & Electronics
      5. Others
    3. Global Htpb Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Idemitsu Kosan Co., Ltd.
      2. Cray Valley
      3. Evonik Industries AG
      4. CRS Chemicals
      5. Island Pyrochemical Industries
      6. Zibo Qilong Chemical Industry Co., Ltd.
      7. Orion Chem Pvt. Ltd.
      8. Shanghai Ruizheng Technology Co., Ltd.
      9. Tanyun Chemicals
  7. Analyst Views
  8. Future Outlook of the Market