Chemical

According to a new market report published by Lucintel, the future of the cyanate ester resin market looks attractive with opportunities in the aerospace & defense, electrical & electronics, automotive, and marine industries. The global cyanate ester resin market is expected to grow with a CAGR of 6% from 2021 to 2027. The major growth drivers for this market are Increasing demand of high temperature cyanate ester resin in thermoset composite for structural parts in aerospace and defense industry and excellent properties such as low dielectric constant, low moisture absorption, heat resistance, and fire resistance as compare to epoxy and BMI.

In this market, bisphenol-based cyanate ester resin and novolac-based cyanate ester resin are used to modify and enhance the end use properties. Lucintel forecasts that bisphenol-based cyanate ester resin  will remain the largest segment by product type over the forecast period supported by growth in demand for bispenol-based cyanate ester resin in aircraft composite structures, microwave antennas, radomes, space-ware, and structural or electronic grade adhesives. Lucintel predicts that the novolac-based cyanate ester resin is expected to witness the highest growth during the forecast period due to growing application in aircraft cabins, which have strict limits for smoke/fire/toxicity.

Within the cyanate ester resin market, aerospace engine & structural parts will remain the largest application during the forecast period due to increasing demand of cyanate ester resin based composite in aerospace engine & structural part applications.

North America is expected to remain the largest market by value and over the forecast period supported by growing demand of cyanate ester resin based composites in the space and aerospace applications and growth in the various end use industries, such as solar aerospace & defense.  USA is the largest market for cyanate ester resin due to its high consumption in aerospace & defense, electrical & electronics, automotive, and marine considering the high domestic demand.

Emerging trends, which have a direct impact on the dynamics of the industry, include development of high-temperature resistant cyanate ester resins for fast-curing composite manufacturing processes and increasing demand of cyanate ester resin in optical devices and high performance powder coatings. Huntsman Corporation, Lonza Group AG, Mitsubishi Gas Chemical Company, and Koninklijke Ten Cate bv are among the major manufactures of cyanate ester resin.

Lucintel, the leading global strategic consulting and market research firm, has analyzed growth opportunities in the global cyanate ester resin market by application, by end use industry, by product type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Cyanate Ester Resin Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global cyanate ester resin market by application, by end use industry, by product type, and region as follows:




















This 210-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/cyanate-ester-resin-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the global cyanate ester resin market by application (printed circuit boards, radomes, aerospace engine & structural parts, and others), end use industry (aerospace & defense, electrical & electronics, automotive, marine, and others), by product type (bisphenol-based cyanate ester resin and novolac-based cyanate ester resin), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are emerging trends in this market and the reasons behind them?

Q.7 What are the changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this market?