Hydroxyl Terminated Polybutadiene Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Hydroxyl Terminated Polybutadiene Market Analysis
The market for hydroxyl terminated polybutadiene is expected to grow at a CAGR of 3% globally during the forecast period. Growing demand from the construction industry along with increasing demand from the aerospace & defense industry are driving the market growth. On the flip side, higher production costs coupled with unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
- The hydroxyl terminated polybutadiene market is expected to grow during the forecast period owing to the growing demand from the construction industry.
- Asia-Pacific region to dominate the market across the globe with the largest consumption from countries such as India and China.
Hydroxyl Terminated Polybutadiene Market Trends
This section covers the major market trends shaping the Hydroxyl Terminated Polybutadiene Market according to our research experts:
Growing Demand from the Construction Industry
- Hydroxyl-terminated polybutadiene is used in the formulation of adhesives and sealants which are used in the insulated glass sealants, waterproofing, and other sealing applications. It is used in the formulation of polyurethane foam, which is used for efficient insulation by sealing gaps and air leaks, thereby maintaining the interior temperature and reducing energy consumption.
- Moreover, the construction industry in the United States continued to expand in the future, owing to a strong economy and positive market fundamentals for commercial real estate, along with an increase in federal and state funding for public works and institutional buildings.
- The growing urbanization and construction activities are expected to drive the market for hydroxyl-terminated polybutadiene during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for hydroxyl-terminated polybutadiene during the forecast period due to the increasing demand from countries like India and China.
- Hydroxyl-terminated polybutadiene is used as in the encapsulants or potting compounds in the electrical and electronics industry. Apart from electronics, hydroxyl-terminated polybutadiene, based sealants are used in the automobile industry for sealing headlamps, speakers, bumper, and damping material. With China and India being a leading manufacturer in the automotive industry with a total production of about 30.2 million vehicles for the year 2019, with a decrease of 7.5% and 12% in production, respectively. However, the growing green initiatives combined with the success of electrical and hybrid vehicles are expected to drive the market.
- Hydroxyl-terminated polybutadiene is used in the formulation of solid rocket propellants for binding fuel and oxidizing agent. The growing space explorations from countries like China and India are expected to drive the market during the forecast period.
- Moreover, the growing construction industries in India and China is expected to drive the market. According to the National Development and Reform Commission, the Chinese government approved 26 infrastructure projects at an estimated investment of about USD 142 billion in 2019 which are estimated to be completed by 2023. Furthermore, the Indian government has allocated USD 63 billion for the infrastructure sector in 2019-20 and is planning to spend USD 1.4 trillion over the next five years.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for hydroxyl-terminated polybutadiene in the Asia-Pacific region during the forecast period.
Hydroxyl Terminated Polybutadiene Industry Overview
The global hydroxyl terminated polybutadiene market is partially fragmented with players accounting for a major share of the market. Few companies include Cray Valley, CRS Chemicals, Evonik, Island Pyrochemical Industries (IPI), and Idemitsu Kosan Co., Ltd.
Hydroxyl Terminated Polybutadiene Market Leaders
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Cray Valley
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CRS Chemicals
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Evonik
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Island Pyrochemical Industries (IPI)
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Idemitsu Kosan Co.,Ltd
*Disclaimer: Major Players sorted in no particular order
Hydroxyl Terminated Polybutadiene Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Demand from the Construction Industry
- 4.1.2 Increasing Demand from the Aerospace & Defense Industry
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4.2 Restraints
- 4.2.1 Higher Production Costs
- 4.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
- 4.3 Industry Value Chain Analysis
-
4.4 Porters Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 End-User Industry
- 5.1.1 Construction & Water Proofing
- 5.1.2 Aerospace & Defense
- 5.1.3 Electrical & Electronics
- 5.1.4 Automotive
- 5.1.5 Others (Rubber, Textile, Plastics, Paints & Inks, etc.,)
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5.2 Geography
- 5.2.1 Asia-Pacific
- 5.2.1.1 China
- 5.2.1.2 India
- 5.2.1.3 Japan
- 5.2.1.4 South Korea
- 5.2.1.5 Rest of Asia-Pacific
- 5.2.2 North America
- 5.2.2.1 United States
- 5.2.2.2 Canada
- 5.2.2.3 Mexico
- 5.2.3 Europe
- 5.2.3.1 Germany
- 5.2.3.2 United Kingdom
- 5.2.3.3 Italy
- 5.2.3.4 France
- 5.2.3.5 Rest of Europe
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Middle-East and Africa
- 5.2.5.1 Saudi Arabia
- 5.2.5.2 South Africa
- 5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Cray Valley
- 6.4.2 CRS Chemicals
- 6.4.3 Evonik
- 6.4.4 Idemitsu Kosan Co.,Ltd.
- 6.4.5 Island Pyrochemical Industries (IPI)
- 6.4.6 Mach I, Inc
- 6.4.7 Orion Chem Pvt Ltd.
- 6.4.8 The RCS Store
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Demand Form the Emerging Economies
Hydroxyl Terminated Polybutadiene Industry Segmentation
The Hydroxyl Terminated Polybutadiene Market report include:
| End-User Industry | Construction & Water Proofing | |
| Aerospace & Defense | ||
| Electrical & Electronics | ||
| Automotive | ||
| Others (Rubber, Textile, Plastics, Paints & Inks, etc.,) | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Hydroxyl Terminated Polybutadiene Market Research FAQs
What is the current Hydroxyl Terminated Polybutadiene Market size?
The Hydroxyl Terminated Polybutadiene Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in Hydroxyl Terminated Polybutadiene Market?
Cray Valley, CRS Chemicals, Evonik, Island Pyrochemical Industries (IPI) and Idemitsu Kosan Co.,Ltd are the major companies operating in the Hydroxyl Terminated Polybutadiene Market.
Which is the fastest growing region in Hydroxyl Terminated Polybutadiene Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Hydroxyl Terminated Polybutadiene Market?
In 2024, the Asia Pacific accounts for the largest market share in Hydroxyl Terminated Polybutadiene Market.
What years does this Hydroxyl Terminated Polybutadiene Market cover?
The report covers the Hydroxyl Terminated Polybutadiene Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hydroxyl Terminated Polybutadiene Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Hydroxyl Terminated Polybutadiene Industry Report
Statistics for the 2024 Hydroxyl Terminated Polybutadiene market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hydroxyl Terminated Polybutadiene analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
