端羟基聚丁二烯市场规模、份额、成长分析（按应用、按最终用途、按地区）- 产业预测，2025 年至 2032 年

2023 年全球羟基封端聚丁二烯市场规模为 2.379 亿美元，预计将从 2024 年的 2.624 亿美元增长到 2032 年的 5.7488 亿美元，预测期内（2025-2032 年）的复合年增长率为 10.3%。

全球羟基封端聚丁二烯 (HTPB) 市场正见证不同领域的强劲需求，主要得益于其在航太、国防和建筑工业中的广泛应用。 HTPB 具有独特的性能，例如优异的弹性、耐燃料性和强粘合性，使其成为固体火箭推进剂中的粘合剂以及胶粘剂、密封剂和被覆剂中的关键成分。对太空开发、飞弹计画和军事现代化的投资不断增加，为市场扩张做出了重大贡献。此外，新兴经济体基础设施建设的活性化推动了对 HTPB 基密封剂和防水剂的需求。作为高性能绝缘和封装解决方案，该市场也获得了汽车和电子行业的支持。聚合物化学技术的进步和工业应用中对轻质耐用材料的需求不断增加，预计将进一步推动市场成长。然而，原材料价格波动和环境影响方面的监管挑战可能会影响成长前景。

目录

介绍

• 调查目的
• 研究范围
• 定义

调查方法

• 资讯采购
• 二次资料和一次资料方法
• 市场规模预测
• 市场假设与限制

执行摘要

• 全球市场展望
• 供需趋势分析
• 细分机会分析

市场动态与展望

• 市场概览
• 市场规模
• 市场动态
  • 驱动因素和机会
  • 限制与挑战
• 波特的分析

关键市场考察

• 关键成功因素
• 竞争程度
• 主要投资机会
• 市场生态系统
• 市场吸引力指数（2024年）
• PESTEL分析
• 总体经济指标
• 价值链分析
• 定价分析

羟基封端聚丁二烯市场规模（依应用）及复合年增长率（2025-2032）

• 市场概览
• 火箭推进剂
• 铸造硬化炸药
• HTPB基聚氨酯
  • 电影
  • 黏合剂和密封剂
  • 表面涂层
  • 灌封胶
  • 其他的
• 其他的

端羟基聚丁二烯市场规模（依最终用途及复合年增长率）(2025-2032)

• 市场概览
• 航太和国防
• 电气和电子
• 建造
• 车
• 包装
• 其他的

羟基封端聚丁二烯市场规模（按地区）及复合年增长率（2025-2032）

• 北美洲
  • 美国
  • 加拿大
• 欧洲
  • 德国
  • 西班牙
  • 法国
  • 英国
  • 义大利
  • 其他欧洲国家地区
• 亚太地区
  • 中国
  • 印度
  • 日本
  • 韩国
  • 其他亚太地区
• 拉丁美洲
  • 巴西
  • 其他拉丁美洲
• 中东和非洲
  • 海湾合作委员会国家
  • 南非
  • 其他中东和非洲地区

竞争资讯

• 前五大公司对比
• 主要企业市场定位（2024年）
• 主要市场参与者所采取的策略
• 近期市场趋势
• 公司市场占有率分析（2024年）
• 主要企业简介
  • 公司详情
  • 产品系列分析
  • 公司分部份额分析
  • 收益与前一年同期比较对比（2022-2024 年）

主要企业简介

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

结论和建议

Global Hydroxyl Terminated Polybutadiene Market size was valued at USD 237.9 million in 2023 and is poised to grow from USD 262.4 million in 2024 to USD 574.88 million by 2032, growing at a CAGR of 10.3% during the forecast period (2025-2032).

The Global Hydroxyl Terminated Polybutadiene (HTPB) Market is witnessing robust demand across diverse sectors, primarily driven by its extensive application in aerospace, defense, and construction industries. HTPB's unique properties-such as excellent elasticity, fuel resistance, and strong binding characteristics-make it a preferred binder in solid rocket propellants and a key component in adhesives, sealants, and coatings. The growing investments in space exploration, missile programs, and military modernization are contributing significantly to market expansion. Furthermore, increased infrastructure development in emerging economies is fueling demand for HTPB-based sealants and waterproofing agents. The market is also gaining traction from the automotive and electronics industries for its high-performance insulation and encapsulation solutions. Technological advancements in polymer chemistry and the ongoing push for lightweight, durable materials in industrial applications are expected to further support market growth. However, price volatility of raw materials and regulatory challenges related to environmental impact may affect growth prospects.

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 witnessing significant growth due to increased government investments aimed at modernizing defense capabilities, which has resulted in a heightened demand for advanced propellant materials. The amplified focus on space exploration, satellite launches, and various defense applications underscores the need for high-performance materials. HTPB's remarkable characteristics make it a vital component in propellant formulations, essential for solid and hybrid rocket motors, maintaining structural integrity and maximizing energy efficiency.

Restraints in the Global Hydroxyl Terminated Polybutadiene Market

The global Hydroxyl Terminated Polybutadiene (HTPB) market faces significant restraints due to fluctuating raw material prices. Key feedstocks like butadiene and other petrochemical derivatives are vulnerable to the volatile nature of global crude oil prices, which contributes to rising production costs. This instability can negatively impact profit margins for manufacturers and may hinder the widespread adoption of HTPB-based products. Furthermore, disruptions in raw material supply chains can lead to production delays and diminished availability of HTPB, posing challenges in fulfilling the increasing demand, particularly within the automotive and aerospace industries. These factors collectively limit the market's growth potential.

Market Trends of the Global Hydroxyl Terminated Polybutadiene Market

The Global Hydroxyl Terminated Polybutadiene (HTPB) market is witnessing a robust short-term growth trend, largely fueled by its expanding applications in defense and aerospace sectors. The surge in demand for advanced propulsion systems, particularly in missile and space programs, is prompting significant investments from government defense agencies, thereby boosting HTPB consumption. Concurrently, the automotive industry is increasingly adopting HTPB-based adhesives and sealants, driven by the rising demand for lightweight vehicle components aimed at enhancing fuel efficiency. This dual momentum from defense and automotive sectors is positioning HTPB as a key polymer in contemporary manufacturing, ensuring a positive growth trajectory in the near future.

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, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis

Global Hydroxyl Terminated Polybutadiene Market Size by Application & CAGR (2025-2032)

• 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 (2025-2032)

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

Global Hydroxyl Terminated Polybutadiene Market Size & CAGR (2025-2032)

• 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, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

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