羟基封端聚丁二烯市场规模、份额及成长分析（按应用、最终用途和地区划分）－2026-2033年产业预测

预计到 2024 年，全球羟基封端聚丁二烯市场规模将达到 2.624 亿美元，到 2025 年将达到 2.8943 亿美元，到 2033 年将达到 6.3409 亿美元，预测期（2026-2033 年）的复合年增长率为 10.3%。

全球羟基封端聚丁二烯 (HTPB) 市场正经历显着成长，这主要得益于其在航太、国防、汽车和建筑等领域的广泛应用。 HTPB 是一种用途广泛的液态聚合物，以其低挥发性和氧化稳定性而着称，是固体火箭推进剂、黏合剂和密封剂的关键粘合剂。航太业对先进推进技术的日益重视进一步推动了对 HTPB 的需求。此外，全球军事开支的成长，尤其是在飞弹和航太相关项目方面的投入，也进一步促进了市场扩张。这些因素共同提升了 HTPB 的吸引力，使其成为各种技术应用中极具价值的材料，并推动了市场持续成长。

推动全球羟基封端聚丁二烯市场发展的因素

全球羟基封端聚丁二烯 (HTPB) 市场主要受各国加大国防投入的推动。国防实力的提升带动了对 HTPB 等先进推进剂材料的需求增长，这些材料对飞弹系统和固体火箭推进剂至关重要。此外，包括卫星发射和国防相关计划在内的太空探勘计画的活性化，也凸显了对高性能材料的需求。 HTPB 的独特性能在推进剂配方中至关重要，尤其是在固体和混合火箭发动机的研发中，它作为粘合剂，在製造过程中确保结构完整性和能量效率。

全球羟基封端聚丁二烯市场面临的限制因素

由于原物料价格波动，全球羟基封端聚丁二烯 (HTPB) 市场面临严峻挑战。丁二烯和其他石油化学衍生等关键原料直接受到全球原油价格波动的影响，这可能导致生产成本上升。这种不确定性会对製造商的利润率产生不利影响，进而阻碍 HTPB 产品的广泛应用。此外，原材料供应链中断会导致生产延误和供应受限，从而影响市场满足不断增长的需求的能力，尤其是在汽车和航太等关键行业，及时供应至关重要。

全球羟基封端聚丁二烯市场趋势

全球羟基封端聚丁二烯 (HTPB) 市场正经历显着成长，主要受国防应用领域需求成长的推动，尤其是飞弹和太空探勘计划等先进推进系统的需求。政府对国防和航太领域的投资是这一趋势的主要驱动力。此外，汽车产业也受益于对 HTPB 基黏合剂和密封剂在轻量化汽车零件中日益广泛的应用，这与提高燃油效率和永续性的整体目标相一致。随着这些领域的不断发展，HTPB 市场有望吸引更多创新和投资，凸显其在各种高效能应用中的关键作用。

目录

介绍

• 调查目标
• 调查范围
• 定义

调查方法

• 资讯收集
• 二手资料和一手资料方法
• 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
• 细分市场机会分析

市场动态与展望

• 市场规模
• 市场动态
  • 驱动因素和机会
  • 限制与挑战
• 波特分析

关键市场考察

• 关键成功因素
• 竞争程度
• 关键投资机会
• 市场生态系统
• 市场吸引力指数（2025）
• PESTEL 分析
• 总体经济指标
• 价值链分析
• 定价分析

全球羟基封端聚丁二烯市场规模（按应用及复合年增长率划分）（2026-2033 年）

• 火箭推进剂
• 铸造硬化炸药
• HTPB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

全球羟基封端聚丁二烯市场规模（依最终用途划分）及复合年增长率（2026-2033 年）

• 航太/国防
• 电气和电子设备
• 建造
• 车
• 包装
• 其他的

全球羟基封端聚丁二烯市场规模及复合年增长率（2026-2033）

• 北美洲
  • 美国
  • 加拿大
• 欧洲
  • 德国
  • 西班牙
  • 法国
  • 英国
  • 义大利
  • 其他欧洲地区
• 亚太地区
  • 中国
  • 印度
  • 日本
  • 韩国
  • 亚太其他地区
• 拉丁美洲
  • 巴西
  • 其他拉丁美洲地区
• 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
• 主要企业的市场定位（2025 年）
• 主要市场参与者所采取的策略
• 近期市场趋势
• 公司市占率分析（2025 年）
• 主要企业公司简介
  • 公司详情
  • 产品系列分析
  • 依业务板块进行公司股票分析
  • 2023-2025年营收年比比较

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）

结论与建议

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