히드록실 말단 폴리부타디엔 시장 규모, 점유율 및 성장 분석 : 용도별, 최종 용도별, 지역별 - 업계 예측(2026-2033년)

Global Hydroxyl Terminated Polybutadiene Market size was valued at USD 262.4 Million in 2024 and is poised to grow from USD 289.43 Million in 2025 to USD 634.09 Million by 2033, growing at a CAGR of 10.3% during the forecast period (2026-2033).

The Global Hydroxyl Terminated Polybutadiene (HTPB) Market is witnessing significant growth, bolstered by its wide-ranging applications in sectors such as aerospace, defense, automotive, and construction. As a versatile liquid polymer recognized for its low volatility and oxidative stability, HTPB serves as an essential binder in solid rocket propellants, adhesives, and sealants. The rising focus on advanced propulsion technologies within the aerospace industry has heightened demand for HTPB. Additionally, an increase in global military spending, particularly toward missile and space initiatives, further accelerates market expansion. These factors collectively enhance the appeal of HTPB, positioning it as a valuable material in various technical applications and driving its growth trajectory in the market.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Hydroxyl Terminated Polybutadiene market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Hydroxyl Terminated Polybutadiene Market Segments Analysis

Global Hydroxyl Terminated Polybutadiene Market is segmented by Application, End-use and region. Based on Application, the market is segmented into Rocket Propellants, Cast-cure Explosives, HTPB-based Polyurethane and Others. Based on End-use, the market is segmented into Aerospace & Defense, Electrical & Electronics, Construction, Automotive, Packaging and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Hydroxyl Terminated Polybutadiene Market

The global market for Hydroxyl Terminated Polybutadiene (HTPB) is being significantly driven by the increasing investments from various nations focused on enhancing their defense capabilities. This growing trend has led to a heightened demand for advanced propellant materials like HTPB, which is essential for missile systems and solid rocket propellants. Additionally, the escalation of space exploration initiatives, including satellite launches and defense-related projects, underscores the need for high-performance materials. HTPB's unique characteristics make it vital for propellant formulations, particularly in the context of developing solid and hybrid rocket motors, where it functions as a binder that ensures both structural integrity and energy efficiency in the manufacturing process.

Restraints in the Global Hydroxyl Terminated Polybutadiene Market

The global Hydroxyl Terminated Polybutadiene (HTPB) market faces significant challenges due to the volatility of raw material prices. Essential feedstocks like butadiene and other petrochemical derivatives are directly influenced by fluctuations in global crude oil prices, which can lead to increased production costs. This unpredictability can adversely impact manufacturers' profit margins, consequently hindering the widespread adoption of HTPB-based products. Furthermore, disruptions in raw material supply chains can lead to production delays and limited availability, complicating the market's capacity to satisfy rising demand, particularly within key industries such as automotive and aerospace, where timely supply is critical.

Market Trends of the Global Hydroxyl Terminated Polybutadiene Market

The global Hydroxyl Terminated Polybutadiene (HTPB) market is experiencing notable growth, fueled by escalating demand in defense applications, particularly in advanced propulsion systems for missiles and space exploration initiatives. Government investments in defense and aerospace sectors are significantly contributing to this trend. Additionally, the automotive industry is propelling market expansion, driven by the rising adoption of HTPB-based adhesives and sealants for lightweight vehicle components, aligning with the overall push for fuel efficiency and sustainability. As these sectors advance, the HTPB market is poised to attract further innovation and investment, underscoring its pivotal role in various high-performance applications.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2025
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis

Global Hydroxyl Terminated Polybutadiene Market Size by Application & CAGR (2026-2033)

• Market Overview
• Rocket Propellants
• Cast-cure Explosives
• HTPB-based Polyurethane
  • Membranes
  • Adhesives & Sealants
  • Surface Coatings
  • Potting Compounds
  • Others
• Others

Global Hydroxyl Terminated Polybutadiene Market Size by End-use & CAGR (2026-2033)

• Market Overview
• Aerospace & Defense
• Electrical & Electronics
• Construction
• Automotive
• Packaging
• Others

Global Hydroxyl Terminated Polybutadiene Market Size & CAGR (2026-2033)

• North America (Application, End-use)
  • US
  • Canada
• Europe (Application, End-use)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Application, End-use)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Application, End-use)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Application, End-use)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2023-2025)

Key Company Profiles

• Evonik Industries AG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Idemitsu Kosan Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TotalEnergies SE (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Wanhua Chemical Group Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LANXESS AG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kumho Petrochemical Co., Ltd. (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Trinseo PLC (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nippon Soda Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kuraray Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hubei Yihua Chemical Industry Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shandong Huachang Chemical Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shandong Aoertong Chemical Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shandong Jinyimeng Group Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations