Hydroxyl-terminated polybutadiene is a telechelic polymer having unsaturated hydrocarbon backbone. It reacts with isocyanates to form polyurethane polymers. Polyurethanes that are prepared from this can be engineered for different physical properties as per the requirement. It is commonly used as a binder in rocket propellants and plastic bonded explosives. Some of the other properties of the hydroxyl-terminated polybutadiene includes low glass-transition temperatures, hydrophobicity, acid-base resistance, and excellent dielectric properties.

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The global Hydroxyl-Terminated Polybutadiene Market is categorized into rocket fuel, waterproof coating and membranes, adhesives, sealants, electrical and electronics, and others. Rocket fuel is the largest application area in the market and expected to register the highest growth during the forecast period. This can be attributed to the increased demand of rocket fuel in the missiles and rockets. Also, the growing investment in space technologies around the world is further contributing towards the market growth.

A shift from traditional rocket fuel towards technologically efficient rocket fuel is the major trend witnessed in the hydroxyl-terminated polybutadiene market. The technological advanced rocket fuel contains a molecule that has the potential of boosting rocket fuel efficiency by 20 to 30% compared to the current fuel. This is resulting in a shift in preference of consumers towards more advanced fuel.

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High price is identified as main restraints in the hydroxyl-terminated polybutadiene market, which is expected to hinder the market growth in the coming years. The high price of the polymer is significantly higher as compared to solid polybutadiene rubber, which is expected to directly affect it usage by small manufacturers. The usage will get affected in the price sensitive applications and may also restrict its usage. Along with that, the fluctuation in the raw materials price such as butadiene monomer is also expected to hinder its growth, as this makes it even more costly than other conventional polymers.

North America held the largest share in the hydroxyl-terminated polybutadiene market. During the forecast period, the North American market is expected to remain the largest consumer, owing to the increasing usage of the polymer in the various applications areas including aerospace and defense, construction and civil engineering.

Some of the major players operating in the global hydroxyl-terminated polybutadiene market are CRS Chemicals, Emerald Performance Materials LLC, Total Cray Valley, Evonik Industries AG, Aerocon Systems Co., RCS Rocket Motor Components Inc., Zibo Qilong Chemical Industry Co. Ltd., and Mach I Inc.

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