Hydroxyl-terminated polybutadiene (HTPB) is a viscous translucent liquid, which is an oligomer of butadiene terminated at each end with a hydroxyl group. Hydroxyl-terminated polybutadiene (HTPB) has low molecular weight. Hydroxyl-terminated polybutadiene (HTPB) has a variety of properties, as it is a mixture of compounds and not a pure substance. Hydroxyl-terminated polybutadiene has low volatile content and it has low glass transition temperature. Hydroxyl-terminated polybutadiene (HTPB) is hydrophobic in nature and is extremely reactive.

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In terms of application, the global hydroxyl-terminated polybutadiene (HTPB) market can be segmented into rocket fuel, waterproof coatings & membranes, adhesives & sealants, and potting & encapsulation. Among applications, rocket fuel is the leading segment of the global hydroxyl-terminated polybutadiene (HTPB) market, as hydroxyl-terminated polybutadiene (HTPB) is widely used in the production of solid rocket propellants. Hydroxyl-terminated polybutadiene (HTPB) is also employed for producing polyurethanes through its reaction with isocynates. Based on end-user industry, the market for hydroxyl-terminated polybutadiene has been segmented into aerospace & defense, building & construction, automotive, electrical & electronics, and others.

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Aerospace & defense is the major end-user industry segment of the global hydroxyl-terminated polybutadiene (HTPB) market. The segment is anticipated to expand at a rapid pace during the forecast period, as hydroxyl-terminated polybutadiene (HTPB) shows better performance as a propellant compared to other butadiene homo-polymers with a hydroxyl group. Building & construction is estimated to be a rapidly expanding segment of the global hydroxyl-terminated polybutadiene (HTPB) market between 2018 and 2026, due to growing use of hydroxyl-terminated polybutadiene (HTPB) in adhesives used for construction.

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