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The hydroxyl terminated polybutadiene (HTPB) market size is forecast to increase by USD 61.6 million at a CAGR of 5.12% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. One of the primary factors is the increasing demand for adhesives and sealants, particularly in the construction and automotive industries, where HTPB is extensively used. Another growth factor is the rising expenditure on space explorations, as HTPB is a crucial component in solid rocket propellants. Additionally, there is a growing trend towards eco-friendly products, and HTPB, being biodegradable and recyclable, is gaining popularity as a sustainable alternative to traditional petroleum-based polymers. These factors, along with advancements in technology and increasing applications in various end-use industries, are expected to drive the growth of the market in the coming years.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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