Europe Hydroxyl-Terminated Polybutadiene (HTPB) Market-to reach USD 68,259.31 thousand by the year 2029, at a CAGR of 6.4%

Data Bridge Market Research analyses that the Europe Hydroxyl-Terminated Polybutadiene (HTPB) market is expected to reach USD 68,259.31 thousand by the year 2029, at a CAGR of 6.4% during the forecast period. "Aerospace & defense" accounts for the most prominent end-use segment in the respective market owing to the demand for HTPB adhesives and binders in various industries such as automotive, construction, and other industries. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

report gives description about the complete market analysis with inputs from industry experts. A comprehensive analysis of the market structure along with the forecast of the various segments and sub-segments of the market have been delivered through this market research report. This market report puts light on various aspects of marketing research that range from important industry trends, market size, market share estimates, sales volume, emerging trends, product consumption, customer preferences, historic data along with future forecast and key player analysis. Europe Hydroxyl-Terminated Polybutadiene (HTPB) is the most promising market research report which has been structured in a way anticipated.

Hydroxyl Terminated Polybutadiene (HTPB) is the most commonly used polyol in recent times. Due to its excellent physical properties, such as high tensile and tear strength and good chemical resistance possessed by this chemical, it acts as a fuel binder for PU propellant. The chemical HTPB contains hydrogen and carbon as its main constituents during combustion. It becomes chemically and physically compatible with conventional oxidizers and other ingredients.

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Market Definition

Hydroxyl-terminated polybutadiene (HTPB) is an oligomer of the chemical compound butadiene with hydroxyl functional groups completed at the individual end. Polyurethane polymers are produced with the reaction of hydroxyl-terminated polybutadiene with isocyanates. It is a liquid that is translucent and has a color alike to that of wax paper and viscosity texture as that of corn syrup. The major application area for the HTPB compounds is solid rocket propellant. Due to the properties such as excellent hydrophobicity, low glass transition temperatures, and low volatiles content, these polybutadienes are used majorly in aerospace and defense industries.

Recent Developments

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 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 the company
COMPETITIVE LANDSCAPE AND EUROPE HYDROXYL-TERMINATED POLYBUTADIENE (HTPB) MARKET SHARE ANALYSIS

The hydroxyl-terminated polybutadiene (HTPB) market competitive landscape provides details of the competitor. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the hydroxyl-terminated polybutadiene (HTPB) market.

Some of the major market players engaged in the Europe hydroxyl-terminated polybutadiene (HTPB) market are Evonik Industries AG, Idemitsu Kosan Co., Ltd., Cray Valley (A Subsidiary of TotalEnergies), Polymer Source. Inc., NIPPON SODA CO., LTD., Island Pyrochemical Industries (IPI), mong others.

The Market Dynamics of the Europe Hydroxyl-Terminated Polybutadiene (HTPB) Market Include:

Drivers/Opportunities in the Europe Hydroxyl-Terminated Polybutadiene (HTPB) Market

Growing demand for innovative aerospace components

Aerospace components are usually made from advanced materials, including hydroxyl-terminated polybutadiene, titanium alloys, nickel-based super alloys, and other ceramics. Aircraft manufacturers have benefited greatly due to advancements in material science. Therefore, the efficiency of the hydroxyl-terminated polybutadiene in aerospace technology improves airplane wings and makes aircraft more lightweight and fuel-efficient.

Gaining popularity of hydroxyl-terminated polybutadiene (HTPB) in the automotive industry

With the increase in disposable incomes across major economies of the world. The demand for automobiles has flourished. This increase in automobile production can also be attributed to the easy availability of loans and continued preference for personal mobility, especially after the pandemic. The demand for commercial vehicles has also increased due to trade activities.

The use of hydroxyl-terminated polybutadiene (HTPB) in solid rocket propellant

Growing active participation and interest by governments in strengthening their space capabilities. Rise in efforts and initiatives by space agencies, research centers, and even private companies in some parts of the globe to launch unmanned space vehicles. Growing satellite launches for communication purposes. These are the key drivers behind the demand for rocket propulsion systems growth. This growth in the Europe aerospace industry directly impacts the growth of the hydroxyl-terminated polybutadiene market.

Positive outlook towards consumer electronic goods

Consumer or home electronics are electric devices designed for everyday use, generally in private homes. Consumer electronics encompass a variety of gadgets used for entertainment, communication, and recreation, including mobile phones, TVs, and circuit boards. The electronic manufacturing services (EMS) market remains a very active market, driven primarily by the consumer electronics and communications industries. In response to increasingly fierce competition in the industry, EMS providers are increasingly embracing innovative and strategic business models along with an increased demand for hydroxyl-terminated polybutadiene (HTPB).

Europe Hydroxyl-Terminated Polybutadiene (HTPB) Market Scope

The Europe hydroxyl-terminated polybutadiene (HTPB) market is segmented on the basis of product, application, and end use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

Low Molecular Weight Hydroxyl Terminated Polybutadienes
Conventional Hydroxyl Terminated Polybutadienes

On the basis of product, the Europe hydroxyl-terminated polybutadiene (HTPB) market is segmented into conventional hydroxyl-terminated polybutadienes and low molecular weight hydroxyl-terminated polybutadienes.

Application

Rocket Fuel
Polyurethane
Paint
Rubber Material
Others

On the basis of application, the Europe hydroxyl-terminated polybutadiene (HTPB) market is segmented into rocket fuel, rubber material, paint, polyurethane, and others.

End Use

Aerospace & Defense
Automotive
Building And Construction
Electrical & Electronics
Packaging
Others

On the basis of end use, the Europe hydroxyl-terminated polybutadiene (HTPB) market is segmented into building & construction, aerospace & defense, automotive, electrical & electronics, construction, packaging, and others.

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Europe Hydroxyl-Terminated Polybutadiene (HTPB) Market Regional Analysis/Insights

The Europe hydroxyl-terminated polybutadiene (HTPB) market is analyzed, and market size insights and trends are provided by country, product, application, and end use, as referenced above.

The countries covered in the hydroxyl-terminated polybutadiene (HTPB) market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey and Rest of Europe in Europe.

Germany dominates the hydroxyl-terminated polybutadiene (HTPB) market because of the increased demand for HTPB in the automotive industry. Germany is followed by the U.K. and is expected to witness significant growth during the forecast period of 2022 to 2029 due to growing demand for hydroxyl-terminated polybutadiene (HTPB) from the aerospace and defense industry in the region. U.K. is followed by France and is expected to grow significantly owing to the rising application of HTPB in various industrial applications such as paint, rocket fuel, and adhesives.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing a forecast analysis of the country data.

The report answers questions such as:

What is the market size and forecast of the Europe Hydroxyl-Terminated Polybutadiene (HTPB) Market?
What are the inhibiting factors and impact of COVID-19 shaping the Europe Hydroxyl-Terminated Polybutadiene (HTPB) Market during the forecast period?
Which are the products/segments/applications/areas to invest in over the forecast period in the Europe Hydroxyl-Terminated Polybutadiene (HTPB) Market?
What is the competitive strategic window for opportunities in the Europe Hydroxyl-Terminated Polybutadiene (HTPB) Market?
What are the technology trends and regulatory frameworks in the Europe Hydroxyl-Terminated Polybutadiene (HTPB) Market?
What is the market share of the leading vendors in the Europe Hydroxyl-Terminated Polybutadiene (HTPB) Market?
What modes and strategic moves are considered suitable for entering the Europe Hydroxyl-Terminated Polybutadiene (HTPB) Market?

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