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Global Cyanate Ester Resins Market Size, Share, Analysis and Forecasts
Cyanate Ester Resins Market Insights
The global cyanate ester resins market is projected to grow at a significant CAGR during the forecast period. The industry is expected to be influenced by factors such as durability, superior strength, low shrinkage, low smoke generation, better dielectric properties, flame resistance, and ease of processing among others. The industry is also anticipated to be influenced by growing application of the product in the manufacturing of space aircraft random, adhesives and composites among others.
Along with this, rising application in various end-use industries such as glass & ceramics, rubber compounding, and pharmaceutical among others is also estimated to be one of the major factors influencing market growth.
However, factors such as sensitivity to moisture during processing and high costs among others are projected to affect the profitability of the industry.
Cyanate Ester Resins Market: End-Use Industry Insights
The global cyanate ester resins market is segmented into aerospace & defense and electrical & electronics, based on end-users. The aerospace & defense segment is projected to hold the largest share of the industry in the forecast period. This can be attributed to increasing application of the product in the manufacturing of internal and external parts of aircraft. Along with this, owing to its high-end properties, the application of the product for random applications in aerospace industry is further anticipated to stimulate the demand over the coming years.
Cyanate Ester Resins Market: Application Insights
By application, the market is segmented into composites and adhesives among others. The composites segment is expected to record the highest CAGR over the forecast period. Rising application for the product in automobile, defense, electronic and aerospace & defense industries among others are anticipated to favor the market. Benefits associated with cyanate ester resins such as superior binding nature and ability to protect against water, chemicals and extreme weather are also likely to boost overall growth of the product as composites.
Cyanate Ester Resins Market: Regional Insights
The Cyanate Ester Resins market in North America accounted for a substantial share during the forecast period and is further anticipated to grow at a high CAGR over the coming years. The U.S. is expected to be the major revenue contributor to the overall regional market growth due to its growing aerospace & defense industries. Benefits associated with cyanate ester resins such as light-weightiness, ability to provide superior structural strength and low dielectric constant among others are anticipated to fuel market growth.
Cyanate Ester Resins Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase cyanate ester resins over the coming years. Some leading consumers of cyanate ester resins are The Boeing Company, Airbus, Lockheed Martin Corporation, General Dynamics Corporation, Samsung Electronics and Hewlett Packard.
Cyanate Ester Resins Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Cyanate Ester Resins Market Share & Competitor Analysis
Some of the players operating in the global cyanate ester resins market include Lonza, Huntsman, Cytec Solvay Group, Henkel, Tencate Advanced Composites, Techia Corporation, Hexcel, Jiangdu Maida Group, Novoset and Argosy International.In January 2017, Carbon announced three resins for its Continuous Liquid Interface Production (CLIP) technology.In July 2016, Sculpteo announced launch of their CLIP Technology Beta Pilot Program. It made five resin materials including Cyanate Ester, and Prototyping Acrylate available for testing.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global Cyanate Ester Resins Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Cyanate Ester Resins Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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