HTPB Market Insights by Leading Companies Future Growth, Revenue Analysis and Demand Forecast - 2022

Japan, Japan, Mon, 06 Dec 2021 05:38:35 / Comserve Inc. / -- 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.

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

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 a telechelic (macro-molecule that contains two reactive end groups) polymer having an unsaturated hydrocarbon backbone. HTPB is currently used as rocket fuel and binder in the solid rocket propellants on smaller missiles and tactile systems (70 mt human-rated vehicles), which are the most common type of missiles. HTPB is also used in the construction & civil engineering industry to manufacture adhesives and sealants. The growing electrical & electronics industry and investments in the aerospace & defense industry globally are expected to drive the market of HTPB during the forecast period. However, high price; stringent government regulations for manufacturing, exporting, and importing; and difficulties in handling HTPB are expected to hinder the market growth.

"Adhesives is expected to be the fastest-growing application of the HTPB market"
The adhesives segment is projected to witness the highest growth during the forecast period. The growth can be attributed to the wide use of HTPB-based adhesives in the aerospace & defense, automotive, electrical & electronics, and construction & civil engineering industries. HTPB is used in the preparation of elastomer-based adhesives that can have either thermoplastic or thermosetting properties, depending on whether cross-linking is necessary for the adhesive to perform its function.

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The Final Report will cover the impact analysis of COVID-19 on this industry: HTPB Market Insights by Leading Companies Future Growth, Revenue Analysis and Demand Forecast - 2022

"Aerospace & Defense industry accounted for the largest share of HTPB market in 2016"
The aerospace & defense industry accounted for the major share of the HTPB market in 2016. Increasing demand for HTPB in the preparation of solid rocket motor propellants where it finds application both as a fuel and a binder for better stress-strain properties. The growth of the aerospace & defense industry and increased investments in new technologies and innovations pertaining to the quality and types of fuel used for rockets will drive the demand for HTPB during the forecast period.

"Asia Pacific expected to be the fastest-growing market for HTPB during the forecast period"
Asia Pacific is expected to be the fastest-growing market for HTPB during the forecast period. The increasing investments by APAC countries in the aerospace & defense industry is expected to drive the market for HTPB in the region. The increasing military expenditure has also increased over the years in the region. HTPB is used in solid propellants as fuel and binder. Hence, increased investments in the aerospace & defense industry will drive the market for HTPB in the region. China is projected to be the fastest-growing market for HTPB in Asia Pacific, followed by Japan and India. The growth of various industries such as electrical & electronics, increasing aerospace & defense, and automotive is driving the HTPB market in these countries.

Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments and information gathered through secondary research.

The break-up of primary interviews is given below:
• By Company Type - Tier 1 – 52%, Tier 2 – 26%, and Tier 3 – 22%
• By Designation - C level – 48%, Director Level – 23%, and Others* – 29%
• By Region – Asia Pacific – 42%, Europe – 28%, North America – 21%, South America- 6%, and Middle East & Africa- 3%

Research Coverage:
This research report categorizes the HTPB market on the basis of application, end-use industry, and region. The report includes detailed information regarding the major factors influencing the growth of the HTPB market such as drivers, restraints, challenges, and opportunities. A detailed analysis of key industry players was carried out to provide insights into their business overviews, geographical presence, and products.

Reasons to Buy the Report
The report will help market leaders/new entrants in this market in the following ways:
1. This report segments the HTPB market comprehensively and provides the closest approximations of market sizes for the overall market and subsegments across verticals and regions.
2. The report will help stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders understand major competitors and gain insights to enhance their position in the business.

TABLE OF CONTENTS

1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
1.3 MARKET SCOPE 13
1.4 YEARS CONSIDERED FOR THE STUDY 14
1.5 CURRENCY 15
1.6 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.1.1 Key data from secondary sources 17
2.1.2 PRIMARY DATA 18
2.1.2.1 Key data from primary sources 18
2.1.2.2 Breakdown of primary interviews 19

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