What is hydroxyl terminated polybutadiene?
Hydroxyl Terminated Polybutadiene or HTPB is a viscous liquid made up of molecules of butadiene and hydroxyl functional group. HTPB comes in varied properties, as the mixture is made for specific customer requirements. This offers a wide scale of applications from HTPB such as Sealants, Adhesives, Coating Membranes, Rocket Fuel, etc. The most popular one recently was use of HTPB in Solid Rocket Fuel or solid rocket propellant where it is mixed with oxidising agents and several other components. With the rise of multibillion dollar Space and Missile Industry, the growth potential of HTPB looks exciting. Geographically, North America is the Primary market of the HTPB.
The market study is broken down, by Application (Coating Materials, Sealants, Adhesives, Rocket Fuel and Others) and major geographies with country level break-up.
Evonik Industries AG (Germany), Island Pyrochemical Industries (United States), Idemitsu Kosan Company, Ltd. (Japan), Cray Valley USA, LLC (United States), CRS Chemicals (United States), Polymer Source. Inc. (Canada), Orion Chem Pvt Ltd. (India), Sigma-Aldrich, Inc. (United States), Zibo Qilong Chemical Co, Ltd (China) and Monomer-Polymer & Dajac Labs (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global hydroxyl terminated polybutadiene market by Type, Application and Region.
On the basis of geography, the market of hydroxyl terminated polybutadiene has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the hydroxyl terminated polybutadiene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Aerospace and Defence will boost the hydroxyl terminated polybutadiene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2020, The Advanced Centre of Research in High Energy Materials (ACRHEM), which is a research and development centre under India’s DRDO, has announced the successful patenting of Hydroxyl Terminated Polybutadiene (HTPB)-based Polyurethanes, which is expected to revolutionize, ISRO and DRDO's Future Space Rocket and Missile Technology respectively.
- Rising Preference for Coating Material in Automobile Industry
- Growing Demand for Solid Rocket Fuel due to Increasing Investments in Space Research
- Rapid Urbanization is increasing the Demand for Sealants and Adhesives widely used in Construction
- Rise of Automotive Industry
- Aerospace Particularly Space Exploration Presents Exciting Opportunity Especially with Emergence of Private Space Companies
- Rising Competition from TESPT
- Adoption of Sustainable Manufacturing Process
- Insuring Easy Availability
Key Target AudienceHTPB Manufacturers, Suppliers and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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