Market Size of Hydroxyl Terminated Polybutadiene Industry
| 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 |
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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 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.,) |
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Hydroxyl Terminated Polybutadiene Market Size Summary
The hydroxyl terminated polybutadiene market is poised for growth, driven by increasing demand from the construction and aerospace & defense industries. This growth is supported by its applications in adhesives, sealants, and polyurethane foam, which are essential for insulation and energy efficiency in construction projects. The construction sector in the United States is expected to continue its expansion, bolstered by a robust economy and increased funding for public infrastructure. However, the market faces challenges such as high production costs and the lingering effects of the COVID-19 pandemic, which could impede its growth trajectory.
The Asia-Pacific region is anticipated to lead the global market, with significant consumption in India and China. This dominance is attributed to the region's burgeoning construction activities and the automotive industry's demand for hydroxyl terminated polybutadiene in various sealing applications. Additionally, the material's use in the formulation of solid rocket propellants aligns with the growing space exploration initiatives in these countries. Government investments in infrastructure and support for green initiatives further bolster the market's prospects in the region. The market remains partially fragmented, with key players like Cray Valley, CRS Chemicals, and Evonik holding substantial market shares.
Hydroxyl Terminated Polybutadiene Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand from the Construction Industry
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1.1.2 Increasing Demand from the Aerospace & Defense Industry
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1.2 Restraints
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1.2.1 Higher Production Costs
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1.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
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1.3 Industry Value Chain Analysis
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1.4 Porters Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 End-User Industry
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2.1.1 Construction & Water Proofing
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2.1.2 Aerospace & Defense
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2.1.3 Electrical & Electronics
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2.1.4 Automotive
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2.1.5 Others (Rubber, Textile, Plastics, Paints & Inks, etc.,)
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2.2 Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 Italy
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2.2.3.4 France
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2.2.3.5 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle-East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle-East and Africa
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Hydroxyl Terminated Polybutadiene Market Size 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.
