HTPB Market size is forecast to reach $232.84 Million by 2025, after growing at a CAGR of 9.8% during 2020-2025. As a flexible fuel binder for compound solid propellants, HTPB polyurethane is increasingly common, which provides a boost to market growth. The growth is driven by its properties and is commonly used for printing, packaging, insulation, membrane and sticking applications. In a composite-propellent application, it has been a promising binder for oxidizers, metallic fuels and other additives. The HTPB-based binder provides structural integrity and dimensional stability but has excellent mechanical characteristics as well. In order to increase ballistic efficiency of composite propellants, the researcher has produced effective HTPB.
Application – Segment Analysis
Rocket fuel application holds the largest share in Htpb Market in 2019, is growing at a CAGR of 10.5%. Since it is used to manufacture solid rocket motor propellants as fuel and binder. Burning propellants produce rocket thrust and must achieve terminal terms such as range and speed. Because of HTPB’s structure, polyurethane-based solid rocket propellant HTPB binders have higher stress-strain (higher length) and better low-temperature properties than comparable hydroxyl-group butadiene homopolymers.
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End-Use Industry – Segment Analysis
Construction & Civil Engineering sector holds the largest share in Htpb Market in 2019. HTPB is commonly applied to the preparation of waterproof Coatings membrane adhesives and sealants for building & engineering. The use of HTPB in polyurethanes elastomeric indicates a high hydrophobicity due to its backbone polybutadiene. For isolating glass windows HTPB-based sealants are used around the world. HTPB is used in glass-insulated displays and provides a wide variety of temperature excellence in adhesion, UV resistance and physical properties.
Geography – Segment Analysis
North America dominated the Htpb Market share with more than 38%, followed by APAC and Europe. As the use of HTPB has increased, both for the aerospace and defense sectors and for construction and civil engineering in the region. By 2022, the US will account for North America’s largest share of the market. HTPB’s major manufacturers are based in North America such as CRS Chemical (US), Emerald Performance Materials (US), as well as Monomer-Polymer & DAJAC Labs (US).
Drivers – Htpb Market
Advantages over CTPB
HTPB prepolymer is being extensively studied for applications in highly loaded solid propellants and possesses some advantage over CTPB prepolymer. It does have some deficiencies, however, in pot life control and in balancing mechanical properties at low and high temperatures, which presumably are caused by the material’s low molecules weight (Mn – 3000), high functionality (fw 2.3), and high reactivity of its functional groups.
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Challenges – Htpb Market
Hydroxyl-terminated polybutadiene (HTPB) is very expensive compared with polybutadiene and prices differ according to the raw material prices concerned. Significant actors in the global market of polybutadiene terminated with hydroxyl (HTPBs) have proprietary HTPB production technology. This is an obstacle to the entry of new manufacturers on the global hydroxyl-terminated polybutadiene (HTPB) market. In the forecast era, given its excellent properties, HTPB cost will prove to be a restricting factor for the global hydroxyl-terminated polybutadiene (HTPB) market during the forecast period.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Htpb Market. Major players in the Htpb Market are TOTAL Cray Valley, Evonik Industries, Idemitsu Kosan, CRS Chemicals, Emerald Performance Materials, ISLAND PYROCHEMICAL INDUSTRIES CORP, Monomer-Polymer & DAJAC Labs, Zibo Qilong Chemical Industry, Aerocon Systems Co. and among other.
In June 2017, TOTAL Cray Valley commercially produced Krasol F 3000 diol product. The product is an extension to the company’s Ricon and Krasol product lines of liquid polybutadiene resins.
In April 2017, Evonik launched its new product in the market for coatings and adhesives at the European Coatings Show. The product portfolio comprised of different types of coatings thus expanding its product range. The new product will help the company in increasing its profits.
A strong adoption rate and preferences from the North American area have been seen on the hydroxyl polybutadiene (HTPB) market. This is because the automotive and aerospace industries in the region are rising.
HTPB (98.6 percent)’s low viscosity and low specific gravity, along with its hydrocarbon character, makes it an advantageous PU fuel binder. It is in usual storage conditions physically and chemically consistent with traditional oxidizers and other ingredients. Increased use of HTPB products in building-built adhesives is causing increased requirements on the HTPB market.
Production, as well as off take of Htpb Market, is likely to be virtually decline during 2020-2021 due to COVID-19 impact across various sectors.
Related Reports :
A. Polyether Polyols Market
B. Polyurethane Elastomers Market
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