Market Size, Share Global Outlook and Forecast 2025-2032
Publication Date: April 14, 2025
HTPB Market Overview
Hydroxyl-terminated polybutadiene (HTPB) is an oligomer of butadiene terminated at each end with a hydroxyl functional group.
CAGR: Expected growth at a compound annual growth rate (CAGR) of 3.3% during the forecast period.
Market Size: Valued at $216 million in 2024, projected to reach $271 million by 2031, growing at a CAGR of 3.3%.
Product Description: HTPB is an oligomer of butadiene terminated at each end with a hydroxyl functional group, reacting with isocyanates to form polyurethane polymers.
Market Value & Growth Projections
Market Value & Growth Projections:
• Global Market Value (2024): US$ 216 Million • Projected Market Value (2031): US$ 271 Million • CAGR (2025-2031): 3.3%
Key Market Drivers:
Growing Demand in Adhesive Industry
Expansion in Aerospace and Military Sector
Others
Market Segmentation
By Type
By Application
1000-2000 Molecular Weight
2000-3000 Molecular Weight
Aerospace and Military
Plastic Modifiers
Others
By Region
North America
Europe
Asia-Pacific
Middle East & Africa
Key Market Players
Total Cray Valley
Idemitsu
Nippon Soda
Evonik
Regional Market Analysis
North America
North America accounts for a significant share of the global HTPB Market. The United States, Canada, and Mexico are key countries driving the demand for HTPB in the region.
Europe
Europe is another prominent market for HTPB, with countries like Germany, France, the United Kingdom, and Italy being major consumers.
Asia-Pacific
Asia-Pacific leads the global HTPB market, with countries like China, Japan, South Korea, and India playing a key role in driving growth..
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