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COVID-19 Impact and Recovery Analysis | HTPB Market Report Forecasts Spend Growth of over USD 294.7 Million by 2025 With CAGR – 10.50%

Global HTPB Market to reach USD 294.7 Million by 2025.

Global HTPB Market valued approximately USD 120.0 Million in 2016 is anticipated to grow with a healthy growth rate of more than 10.50% over the forecast period 2017-2025.

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A key factor which gives growth to the HTPB market are growing demand for missiles and rockets requiring technologically efficient HTPB-based rocket fuel and rising investment in space technologies are major drivers of the global HTPB market during the forecast period North and America is expected to be the largest market for HTPB during the forecast period, due to the increased usage of HTPB in both aerospace & defense and construction & civil engineering industries in the region.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Application:

o Rocket fuel
o Waterproof coatings & membranes
o Adhesives
o Sealants

By End Use:

o Aerospace & defense
o Construction & civil engineering
o Automotive
o Electrical & electronics

By Regions:
o North America
o U.S.
o Canada
o Europe
o UK
o Germany
o Asia Pacific
o China
o India
o Japan
o Latin America
o Brazil
o Mexico
o Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025

Some of the key manufacturers involved in the market Evonik industries, total crazy valley, idemitsu kosan, CRS chemicals, emerland performance materials, aerocon systems, zibo qilong chemicals industry, polymer source, Mach I. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the Global HTPB Market in Market Study:

o Key Consulting Companies & Advisors
o Large, medium-sized, and small enterprises
o Venture capitalists
o Value-Added Resellers (VARs)
o Third-party knowledge providers
o Investment bankers
o Investors

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