HTPB Market by Application (Rocket Fuel, Waterproof Coatings & Membranes, Adhesives, Sealants), by End-Use (Aerospace & Defense, Construction & Civil Engineering, Automotive, Electrical & Electronics), and Region - Global Forecast to 2022
[114 Pages Report] HTPB Market size was valued at USD 120.0 Million in 2016 and is projected to reach USD 215.7 Million by 2022, at a CAGR of 10.3% during the forecast period. The base year considered for the study is 2016, while the forecast period is from 2017 to 2022.
The objectives of the report are as follows:
- To define, describe, and forecast the market size of Hydroxyl-terminated Polybutadiene (HTPB), in terms of value
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To define, describe, and forecast the market size of HTPB on the basis of application, end-use industry, and region
- To forecast the market size, in terms of value, with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa
- To profile key players in the HTPB market
Research Methodology
Both top-down and bottom-up approaches were used to estimate and validate the size of the HTPB market and to estimate the sizes of various other dependent submarkets in the overall market. The research study involved the extensive use of secondary sources, directories, and databases such as D&B Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the HTPB market.
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The supply chain of the HTPB market starts with the sourcing of raw materials, followed by manufacturing of HTPB, processing of HTPB, and supplying of finished HTPB products. It ends with the use of HTPB in various end-use applications. Major players in the HTPB market are TOTAL Cray Valley (France), Evonik Industries (Germany), Idemitsu Kosan (Japan), CRS Chemicals (US), Emerald Performance Materials (US), ISLAND PYROCHEMICAL INDUSTRIES CORP (US), Monomer-Polymer & DAJAC Labs (US), Zibo Qilong Chemical Industry (China), and Aerocon Systems Co. (US). MACH I, (US), Polymer Source (Canada), and RCS Rocket Motor Components (US) are major distributors of HTPB globally.
Key Target Audience:
- HTPB Manufacturing Companies
- Traders and Distributors
- Raw Material Suppliers
- Commercial R&D Institutes
- Research Institute, Trade Association, and Government Agencies
- End-use Industries
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:
This research report categorizes the HTPB market on the basis of application, end-use industry, and region.
On the basis of application:
- Rocket Fuel
- Waterproof Coatings & Membranes
- Adhesives
- Sealants
- Electrical (potting and encapsulation) & Electronics (hard-plastic parts)
- Others (Elastomeric wheels and tires - used for roller coasters, escalators, skateboards, etc.; Textiles - synthetic fibers (e.g., spandex) and carpet underlay; Polyurethane foams; Automotive suspension bushings; and Rubber Fabricated materials)
On the basis of end-use industry:
- Construction & Civil Engineering
- Aerospace & Defense
- Automotive
- Electrical & Electronics
- Others (Rubber Industry, Textile Industry, Sports & Leisure Industry)
On the basis of region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East & Africa
The market has been further analyzed for the key countries in each of these regions.
Available Customizations:
Along with the market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:
Product Analysis:
- Product matrix that gives a detailed comparison of product portfolio of each company
Regional Analysis:
- A further breakdown of a region with respect to a particular country
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
The HTPB market size is estimated to be USD 131.9 Million in 2017 and is projected to reach USD 215.7 Million by 2022, registering a CAGR of 10.3% between 2017 and 2022. The growing demand for missiles and rockets requiring technologically efficient HTPB-based rocket fuel and rising investment in space technologies are major drivers of the global HTPB market during the forecast period.
By application, the HTPB market is segmented into 6 applications, namely rocket fuel, waterproof coatings & membranes, adhesives, sealants, electrical & electronics, and others). Rocket fuel is estimated to be the largest application segment of the HTPB market, due to the extensive use of HTPB in the manufacturing of solid rocket motor propellants.
North America is expected to be the largest market for HTPB during the forecast period, due to the increased usage of HTPB in both aerospace & defense and construction & civil engineering industries in the region. The US is expected to account for the largest share of the market in North America till 2022. Major producers of HTPB such as CRS Chemicals (US), Emerald Performance Materials (US), and Monomer-Polymer & DAJAC Labs (US) are located in the North America region.
The price of HTPB, which is approximately six times more than that of solid polybutadiene rubber, directly affects its usage. Key players in the industry have not only developed high-cost technologies to produce HTPB but also has patented these technologies - thus making it difficult for small manufacturers to develop this product. This may restrict the use of HTPB in different price-sensitive applications. The fluctuation in the price of raw materials such as butadiene monomer also leads to HTPB being costlier than other conventional polymers and thus creates a barrier to the market growth.
Major players in the HTPB market are TOTAL Cray Valley (France), Evonik Industries (Germany), Idemitsu Kosan (Japan), CRS Chemicals (US), Emerald Performance Materials (US), ISLAND PYROCHEMICAL INDUSTRIES CORP (US), Monomer-Polymer & DAJAC Labs (US), Zibo Qilong Chemical Industry (China), and Aerocon Systems Co. (US). MACH I, (US), Polymer Source (Canada), and RCS Rocket Motor Components (US) are major distributors of HTPB globally.
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Table of Contents
1 Introduction (Page No. - 12)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations
3 Executive Summary (Page No. - 23)
4 Premium Insights (Page No. - 26)
4.1 Attractive Opportunities in the HTPB Market
4.2 HTPB Market in North America, By Application and Country
4.3 HTPB Market, By Country
4.4 HTPB Market, By End-Use Industry
4.5 HTPB Market, By Application
5 Market Overview (Page No. - 30)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Aerospace & Defense Industry
5.2.2 Restraints
5.2.2.1 High Price of HTPB
5.2.2.2 Stringent Government Regulations
5.2.3 Opportunities
5.2.3.1 Increasing Use of HTPB in the Construction &
5.2.3.2 Growth in the Electrical & Electronics Industry
5.2.4 Challenges
5.2.4.1 Difficulties in Handling HTPB
5.3 Macroeconomic Overview
5.3.1 Introduction
5.3.2 GDP Growth Rate and Forecast of Major Economies
5.3.3 Automotive Industry Analysis
5.3.4 Construction Industry Analysis
6 HTPB Market, By Application (Page No. - 37)
6.1 Introduction
6.2 Rocket Fuel
6.3 Waterproof Coatings & Membranes
6.4 Adhesives
6.5 Sealants
6.6 Electrical (Potting and Encapsulation) & Electronics (Hard-Plastic Parts)
6.7 Others
7 HTPB Market, By End-Use Industry (Page No. - 48)
7.1 Introduction
7.2 Construction & Civil Engineering
7.3 Aerospace & Defense
7.4 Automotive
7.5 Electrical & Electronics
7.6 Others
8 HTPB Market, Manufacturing Cost Overview (Page No. - 56)
8.1 Introduction
8.2 Key Raw Materials
8.3 Price Trends of Key Raw Materials
9 HTPB Market, By Region (Page No. - 57)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 South America
9.3.1 Brazil
9.3.2 Argentina
9.3.3 Rest of South America
9.4 Europe
9.4.1 Germany
9.4.2 France
9.4.3 Russia
9.4.4 UK
9.4.5 Italy
9.4.6 Rest of Europe
9.5 APAC
9.5.1 China
9.5.2 Japan
9.5.3 India
9.5.4 South Korea
9.5.5 Rest of APAC
9.6 Middle East & Africa
9.6.1 Iran
9.6.2 Israel
9.6.3 Rest of the Middle East & Africa
10 Company Profiles (Page No. - 95)
10.1 Evonik Industries
10.2 Total Cray Valley
10.3 Idemitsu Kosan
10.4 CRS Chemicals
10.5 Emerald Performance Materials
10.6 Island Pyrochemical Industries Corp
10.7 Zibo Qilong Chemical Industry
10.8 Aerocon Systems
10.9 Monomer-Polymer and Dajac Labs
10.10 Other Manufacturers/Distributors in the Market
10.10.1 Mach I
10.10.2 Polymer Source
10.10.3 RCS Rocket Motor Components
11 Appendix (Page No. - 107)
11.1 Insights of Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store: Marketsandmarkets Subscription Portal
11.4 Introducing RT: Real-Time Market Intelligence
11.5 Available Customizations
11.6 Related Reports
11.7 Author Details
List of Tables (73 Tables)
Table 1 Countries Spending Most on Space Exploration
Table 2 Countries With High Military Expenditure in 2016
Table 3 Trends and Forecast of Nominal GDP, By Country, 20152022
Table 4 HTPB Market Size, By Application, 20152022 (USD Million)
Table 5 HTPB Market Size in Rocket Fuel Application, By Region,20152022 (USD Million)
Table 6 HTPB Market Size in Waterproof Coatings & Membranes Application,By Region, 20152022 (USD Million)
Table 7 HTPB Market Size in Adhesives Application, By Region,20152022 (USD Million)
Table 8 HTPB Market Size in Sealants Application, By Region,20152022 (USD Million)
Table 9 HTPB Market Size in Electrical (Potting and Encapsulation) & Electronics (Hard-Plastic Parts) Application, By Region,20152022 (USD Million)
Table 10 HTPB Market Size in Other Applications, By Region,20152022 (USD Million)
Table 11 HTPB Market Size, By End-Use Industry, 20152022 (USD Million)
Table 12 HTPB Market Size in Construction & Civil Engineering , By Region,20152022 (USD Million)
Table 13 HTPB Market Size in Aerospace & Defense, By Region,20152022 (USD Million)
Table 14 HTPB Market Size in Automotive, By Region, 20152022 (USD Million)
Table 15 HTPB Market Size in Electrical & Electronic, By Region,20152022 (USD Million)
Table 16 HTPB Market Size in Other End-Use Industries, By Region,20152022 (USD Million)
Table 17 Suppliers of Raw Materials
Table 18 HTPB Market Size, By Region, 20152022 (USD Million)
Table 19 North America: HTPB Market Size, By Country, 20152022 (USD Million)
Table 20 North America: Market Size, By Application,20152022 (USD Million)
Table 21 North America: Market Size, By End-Use Industry,20152022 (USD Million)
Table 22 US: HTPB Market Size, By Application, 20152022 (USD Million)
Table 23 US: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 24 Canada: HTPB Market Size, By Application, 20152022 (USD Million)
Table 25 Canada: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 26 Mexico: HTPB Market Size, By Application, 20152022 (USD Million)
Table 27 Mexico: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 28 South America: HTPB Market Size, By Country, 20152022 (USD Million)
Table 29 South America: Market Size, By Application,20152022 (USD Million)
Table 30 South America: Market Size, By End-Use Industry,20152022 (USD Million)
Table 31 Brazil: HTPB Market Size, By Application, 20152022 (USD Million)
Table 32 Brazil: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 33 Argentina: HTPB Market Size, By Application, 20152022 (USD Million)
Table 34 Argentina: Market Size, By End-Use Industry,20152022 (USD Million)
Table 35 Rest of South America: HTPB Market Size, By Application,20152022 (USD Million)
Table 36 Rest of South America: Market Size, By End-Use Industry,20152022 (USD Million)
Table 37 Europe: HTPB Market Size, By Country, 20152022 (USD Million)
Table 38 Europe: Market Size, By Application, 20152022 (USD Million)
Table 39 Europe: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 40 Germany: HTPB Market Size, By Application, 20152022 (USD Million)
Table 41 Germany: Market Size, By End-Use Industry,20152022 (USD Million)
Table 42 France: HTPB Market Size, By Application, 20152022 (USD Million)
Table 43 France: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 44 Russia: HTPB Market Size, By End-Use Industry, 20152022 (USD Million)
Table 45 Russia: Market Size, By Application, 20152022 (USD Million)
Table 46 UK: HTPB Market Size, By End-Use Industry, 20152022 (USD Million)
Table 47 UK: Market Size, By Application, 20152022 (USD Million)
Table 48 Italy: HTPB Market Size, By End-Use Industry, 20152022 (USD Million)
Table 49 Italy: Market Size, By Application, 20152022 (USD Million)
Table 50 Rest of Europe: HTPB Market Size, By End-Use Industry,20152022 (USD Million)
Table 51 Rest of Europe: Market Size, By Application,20152022 (USD Million)
Table 52 APAC: HTPB Market Size, By Country, 20152022 (USD Million)
Table 53 APAC: Market Size, By Application, 20152022 (USD Million)
Table 54 APAC: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 55 China: HTPB Market Size, By Application, 20152022 (USD Million)
Table 56 China: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 57 Japan: HTPB Market Size, By Application, 20152022 (USD Million)
Table 58 Japan: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 59 India: HTPB Market Size, By Application, 20152022 (USD Million)
Table 60 India: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 61 South Korea: HTPB Market Size, By Application, 20152022 (USD Million)
Table 62 South Korea: Market Size, By End-Use Industry,20152022 (USD Million)
Table 63 Rest of APAC: HTPB Market Size, By Application, 20152022 (USD Million)
Table 64 Rest of APAC: Market Size, By End-Use Industry,20152022 (USD Million)
Table 65 Middle East & Africa: HTPB Market Size, By Country,20152022 (USD Million)
Table 66 Middle East & Africa: Market Size, By Application,20152022 (USD Million)
Table 67 Middle East & Africa: Market Size, By End-Use Industry,20152022 (USD Million)
Table 68 Iran: HTPB Market Size, By Application, 20152022 (USD Million)
Table 69 Iran: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 70 Israel: HTPB Market Size, By Application, 20152022 (USD Million)
Table 71 Israel: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 72 Rest of Middle East & Africa: HTPB Market Size, By Application,20152022 (USD Million)
Table 73 Rest of Middle East & Africa: Market Size, By End-Use Industry, 20152022 (USD Million)
List of Figures (38 Figures)
Figure 1 HTPB Market Segmentation
Figure 2 HTPB Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 HTPB Market: Data Triangulation
Figure 6 Rocket Fuel to Be the Largest Application Segment of the HTPB Market
Figure 7 Aerospace & Defense to Be the Leading End-Use Industry of HTPB
Figure 8 North America Was the Largest Market for HTPB in 2016
Figure 9 Increasing Demand From Various End-Use Industries to Drivethe HTPB Market
Figure 10 US Led the North American HTPB Market in 2016
Figure 11 China to Be the Fastest-Growing HTPB Market
Figure 12 Construction & Civil Engineering to Be the Fastest-Growing End-Use Industries
Figure 13 Rocket Fuel to Be the Largest Application
Figure 14 Overview of Factors Governing the HTPB Market
Figure 15 Leading Electronics Manufacturing Countries in 2015
Figure 16 Production By Global Electronics and It Industries, 20142017
Figure 17 Regional Production of Cars and Commercial Vehicles, 2016
Figure 18 China Was the Largest Producer of Cars AndCommercial Vehicles in 2016
Figure 19 Rocket Fuel Application Led the HTPB Market in 2016
Figure 20 North America to Be the Largest HTPB Market in the Rocket Fuel Application
Figure 21 North America to Be the Largest HTPB Market in Waterproof Coatings & Membranes Application
Figure 22 North America to Be the Largest HTPB Market in the Adhesives Application
Figure 23 North America to Be the Largest HTPB Market in the Sealants Application
Figure 24 Europe to Be the Largest HTPB Market in Electrical (Potting and Encapsulation) & Electronics (Hard-Plastic Parts) Application
Figure 25 North America to Be the Largest HTPB Market in the Other Applications
Figure 26 Aerospace & Defense Industry Led the HTPB Market in 2016
Figure 27 North America to Be the Largest Construction & Civil Engineering End-Use Industry for HTPB
Figure 28 North America to Be the Largest Aerospace & Defense End-Use Industry for HTPB
Figure 29 North America to Be the Largest Automotive End-Use Industry for HTPB
Figure 30 North America to Be the Largest Electrical & Electronic End-Use Industry
Figure 31 North America to Be the Largest HTPB Market for Other End-Use Industries
Figure 32 Rapidly Growing Markets are Emerging as the New Strategic Locations
Figure 33 North America: HTPB Market Snapshot
Figure 34 US: HTPB Market Snapshot, 2017 vs. 2022
Figure 35 APAC: HTPB Market Snapshot
Figure 36 China Market Snapshot, 2017 vs. 2022
Figure 37 Evonik Industries: Company Snapshot
Figure 38 Idemitsu Kosan: Company Snapshot
Growth opportunities and latent adjacency in HTPB Market