HTPB (Hydroxyl-Terminated Polybutadiene) Market is worth 215.7 Million USD : Industry Trends and Forecast to 2022
The HTPB (Hydroxyl-Terminated Polybutadiene) Market is projected to reach USD 215.7 Million by 2022, at a CAGR of 10.3% between 2017 and 2022. The HTPB market is driven by the rising demand for HTPB from various applications, such as HTPB-based rocket fuel, adhesives, sealants, waterproof coatings & membranes, potting and encapsulation & hard-plastic parts, and others.
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HTPB Market Growth Analysis: Evonik and TOTAL Cray Valley are the Leading Players
The HTPB market size is estimated to be USD 131.9 Million in 2017 and is projected to reach USD 215.7 Million by 2022, at a CAGR of 10.3% between 2017 and 2022. HTPB is an oligomer produced by combining a hydroxyl-terminated polymer of butadiene and a cross-linking agent, either isocyanate or Methylene Diphenyl Diisocyanate (MDI). HTPB act as rocket fuel in the preparation of adhesives and sealants....