Cyanate Ester Resin Market – Industry Analysis and Forecast (2023-2029) – By Application, End user, and Region.


Cyanate Ester Resin Market was valued at US$ 268.77 Mn in 2022 and is expected to reach US$ 566.87 Mn by 2029, at a CAGR of 11.25% during a forecast period.

Cyanate Ester Resin Market Dynamics

Cyanate ester resins offer exceptional toughness and strength with enhanced electrical properties. They also deal with lower moisture absorption compared to other resins. Cyanate ester resins provide high performance even at high temperatures. Their performance is compared to that of bismaleimide and polyimide resins. Cyanate ester resins are widely used in many ranges of applications including aircraft, spacecraft, microelectronics, antennae, missiles, microwave products, Cyanate esters are formed through the reaction of cyanic acid and bisphenol esters. This reaction forms cyclotrimerize to produce triazine rings during a second cure.Cyanate Ester Resin Market

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The major driving factors of the market are the increasing demand for high-temperature resins in the aerospace & defense industry and the excellent mechanical and fast properties of cyanate ester resin. High manufacturing cost and prices of raw material are fluctuating, these are the key factor which hampers the growth of the Cyanate ester resins market. The future of the cyanate ester resin market looks promising with opportunities in growing demand from emerging markets.

Cyanate Ester Resin Market Segment Analysis

Based on the Application, the composites' application segment is likely to be the fastest-growing segment of the cyanate ester resin market during the forecast period. Cyanate ester resins are compounds that are usually manufactured from cyanic acid and bisphenol-A. Better dielectric properties of cyanate esters besides high strength and ease of processing make cyanate ester resins a choice of material for the composites applications in space aircraft radomes manufacturing. Cyanate ester resins are used in composites and adhesives applications. The growth of these applications is driving the cyanate ester resin market during the forecast period.

Based on the end-user industry, aerospace & defense is estimated to be the largest end-use industry of the global cyanate ester resin market. Cyanate ester resin is ahead in manufacturing composite parts for aircraft and spacecraft, due to its high-temperature resistance property. Spacecraft and missiles are the foremost users of cyanate esters in the aerospace & defense industry. The resin type is also finding practice in the wings of military aircraft.

Cyanate Ester Resin Market Regional Insights

Geographically, Asia Pacific is expected to be the largest market for Cyanate Ester Resin during the forecast period, in terms of value. Presently, the US is the largest market for cyanate ester resins in North America and is expected to continue to lead till 2029. In this region, the demand for cyanate ester resins is expected to increase due to the large aerospace & defense industry, rising use of cyanate ester resins in high-end applications, and economic growth.

The use of cyanate ester resins is growing in the aerospace & defense end-use industry because they provide more structural strength than the metallic alloys when used as a composite with other materials, low dielectric constant, and are also light in weight. Rapid growth in Aerospace & Defense boat safety in countries such as the U.S. and Canada is a leading factor driving the demand for the global Cyanate Ester Resin market.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding cyanate ester resin market dynamics, structure by identifying and analyzing the market segments and project the global market size.

Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders prioritizing the efforts and investment in the near future to emerging segments in the cyanate ester resin market.

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Global Cyanate Ester Resin Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 268.77 Bn.




Forecast Period 2022 to 2029 CAGR:
11.25%
Market Size in 2029:
US $ 566.87 Bn.




 Segments Covered:
by Application
Composites
Adhesives




by End-User
Aerospace & Defense
Electrical & electronics
Others






Cyanate Ester Resin Market, by Region:

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Cyanate Ester Resin Market Key Players:

1.Lonza
2.Huntsman
3.Cytec Solvay Group
4.Henkel
5.Tencate Advanced Composites
6.Hexcel Corporation
7.Toray Industries
8.Zoltek
9.Kuraray Co., Ltd
10.Esterline Technologies Corporation
11.Quingdao Fundchem
12.NOVOSET
13.Solvay
14.Agrosy International
15.Maida Development Company

Frequently Asked Questions:

1. Which region has the largest share in Global Cyanate Ester Resin Market?
Ans: Asia-Pacific region held the highest share in 2022.

2. What is the growth rate of Global Cyanate Ester Resin Market?
Ans: The Global Cyanate Ester Resin Market is growing at a CAGR of 11.25% during forecasting period 2023-2029.

3. What is scope of the Global Cyanate Ester Resin market report?
Ans: Global Cyanate Ester Resin Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Cyanate Ester Resin market?
Ans: The important key players in the Global Cyanate Ester Resin Market are – Lonza, Huntsman, Cytec Solvay Group, Henkel, Tencate Advanced Composites, Hexcel Corporation, Toray Industries, Zoltek, Kuraray Co., Ltd, Esterline Technologies Corporation, Quingdao Fundchem, NOVOSET, Solvay, Agrosy International, and Maida Development Company

5. What is the study period of this market?
Ans: The Global Cyanate Ester Resin Market is studied from 2022 to 2029. 





Global Cyanate Ester Resin Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Source
2.3.2. Primary Research
2.3.2.1. Data from Primary Source
2.3.2.2. Breakdown of Primary Source

3. Executive Summary: Global Cyanate Ester Resin Size, by Market Value (US$ Mn) and Market Volume (Units)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies
4.8. Patent Registration

5. Supply Side and Demand Side Indicators

6. Global Cyanate Ester Resin Market Analysis and Forecast
6.1. Global Cyanate Ester Resin Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Cyanate Ester Resin Market Analysis and Forecast, by Application
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Cyanate Ester Resin Market Value Share Analysis, by Application
7.4. Global Cyanate Ester Resin Market Size (US$ Mn) Forecast, by Application
7.5. Global Cyanate Ester Resin Market Analysis, by Application
7.6. Global Cyanate Ester Resin Market Attractiveness Analysis, by Application

8. Global Cyanate Ester Resin Market Analysis and Forecast, by End user
8.1. Introduction and Definition
8.2. Key Findings
8.3. Global Cyanate Ester Resin Market Value Share Analysis, by End user
8.4. Global Cyanate Ester Resin Market Size (US$ Mn) Forecast, by End user
8.5. Global Cyanate Ester Resin Market Analysis, by End user
8.6. Global Cyanate Ester Resin Market Attractiveness Analysis, by End user

9. Global Cyanate Ester Resin Market Analysis, by Region
9.1. Global Cyanate Ester Resin Market Value Share Analysis, by Region
9.2. Global Cyanate Ester Resin Market Size (US$ Mn) Forecast, by Region
9.3. Global Cyanate Ester Resin Market Attractiveness Analysis, by Region

10. North America Cyanate Ester Resin Market Analysis
10.1. Key Findings
10.2. North America Cyanate Ester Resin Market Overview
10.3. North America Cyanate Ester Resin Market Value Share Analysis, by Application
10.4. North America Cyanate Ester Resin Market Forecast, by Application
10.4.1. Composites
10.4.2. Adhesives
10.5. North America Cyanate Ester Resin Market Value Share Analysis, by End user
10.6. North America Cyanate Ester Resin Market Forecast, by End user
10.6.1. Aerospace & Defense
10.6.2. Electrical & electronics
10.6.3. Others
10.7. North America Cyanate Ester Resin Market Value Share Analysis, by Country
10.8. North America Cyanate Ester Resin Market Forecast, by Country
10.8.1. U.S.
10.8.2. Canada
10.9. North America Cyanate Ester Resin Market Analysis, by Country
10.10. U.S. Cyanate Ester Resin Market Forecast, by Application
10.10.1. Composites
10.10.2. Adhesives
10.11. U.S. Cyanate Ester Resin Market Forecast, by End user
10.11.1. Aerospace & Defense
10.11.2. Electrical & electronics
10.11.3. Others
10.12. Canada Cyanate Ester Resin Market Forecast, by Application
10.12.1. Composites
10.12.2. Adhesives
10.13. Canada Cyanate Ester Resin Market Forecast, by End user
10.13.1. Aerospace & Defense
10.13.2. Electrical & electronics
10.13.3. Others
10.14. North America Cyanate Ester Resin Market Attractiveness Analysis
10.14.1. By Application
10.14.2. By End user
10.15. PEST Analysis
10.16. Key Trends
10.17. Key Developments

11. Europe Cyanate Ester Resin Market Analysis
11.1. Key Findings
11.2. Europe Cyanate Ester Resin Market Overview
11.3. Europe Cyanate Ester Resin Market Value Share Analysis, by Application
11.4. Europe Cyanate Ester Resin Market Forecast, by Application
11.4.1. Composites
11.4.2. Adhesives
11.5. Europe Cyanate Ester Resin Market Value Share Analysis, by End user
11.6. Europe Cyanate Ester Resin Market Forecast, by End user
11.6.1. Aerospace & Defense
11.6.2. Electrical & electronics
11.6.3. Others
11.7. Europe Cyanate Ester Resin Market Value Share Analysis, by Country
11.8. Europe Cyanate Ester Resin Market Forecast, by Country
11.8.1. Germany
11.8.2. U.K.
11.8.3. France
11.8.4. Italy
11.8.5. Spain
11.8.6. Rest of Europe
11.9. Europe Cyanate Ester Resin Market Analysis, by Country
11.10. Germany Cyanate Ester Resin Market Forecast, by Application
11.10.1. Composites
11.10.2. Adhesives
11.11. Germany Cyanate Ester Resin Market Forecast, by End user
11.11.1. Aerospace & Defense
11.11.2. Electrical & electronics
11.11.3. Others
11.12. U.K. Cyanate Ester Resin Market Forecast, by Application
11.12.1. Composites
11.12.2. Adhesives
11.13. U.K. Cyanate Ester Resin Market Forecast, by End user
11.13.1. Aerospace & Defense
11.13.2. Electrical & electronics
11.13.3. Others
11.14. France Cyanate Ester Resin Market Forecast, by Application
11.14.1. Composites
11.14.2. Adhesives
11.15. France Cyanate Ester Resin Market Forecast, by End user
11.15.1. Aerospace & Defense
11.15.2. Electrical & electronics
11.15.3. Others
11.16. Italy Cyanate Ester Resin Market Forecast, by Application
11.16.1. Composites
11.16.2. Adhesives
11.17. Italy Cyanate Ester Resin Market Forecast, by End user
11.17.1. Aerospace & Defense
11.17.2. Electrical & electronics
11.17.3. Others
11.18. Spain Cyanate Ester Resin Market Forecast, by Application
11.18.1. Composites
11.18.2. Adhesives
11.19. Spain Cyanate Ester Resin Market Forecast, by End user
11.19.1. Aerospace & Defense
11.19.2. Electrical & electronics
11.19.3. Others
11.20. Rest of Europe Cyanate Ester Resin Market Forecast, by Application
11.20.1. Composites
11.20.2. Adhesives
11.21. Rest of Europe Cyanate Ester Resin Market Forecast, by End user
11.21.1. Aerospace & Defense
11.21.2. Electrical & electronics
11.21.3. Others
11.22. Europe Cyanate Ester Resin Market Attractiveness Analysis
11.22.1. By Application
11.22.2. By End user
11.23. PEST Analysis
11.24. Key Trends
11.25. Key Developments

12. Asia Pacific Cyanate Ester Resin Market Analysis
12.1. Key Findings
12.2. Asia Pacific Cyanate Ester Resin Market Overview
12.3. Asia Pacific Cyanate Ester Resin Market Value Share Analysis, by Application
12.4. Asia Pacific Cyanate Ester Resin Market Forecast, by Application
12.4.1. Composites
12.4.2. Adhesives
12.5. Asia Pacific Cyanate Ester Resin Market Value Share Analysis, by End user
12.6. Asia Pacific Cyanate Ester Resin Market Forecast, by End user
12.6.1. Aerospace & Defense
12.6.2. Electrical & electronics
12.6.3. Others
12.7. Asia Pacific Cyanate Ester Resin Market Value Share Analysis, by Country
12.8. Asia Pacific Cyanate Ester Resin Market Forecast, by Country
12.8.1. China
12.8.2. India
12.8.3. Japan
12.8.4. ASEAN
12.8.5. Rest of Asia Pacific
12.9. Asia Pacific Cyanate Ester Resin Market Analysis, by Country
12.10. China Cyanate Ester Resin market forecast, by Application
12.10.1. Composites
12.10.2. Adhesives
12.11. China Cyanate Ester Resin Market Forecast, by End user
12.11.1. Aerospace & Defense
12.11.2. Electrical & electronics
12.11.3. Others
12.12. India Cyanate Ester Resin Market Forecast, by Application
12.12.1. Composites
12.12.2. Adhesives
12.13. India Cyanate Ester Resin Market Forecast, by End user
12.13.1. Aerospace & Defense
12.13.2. Electrical & electronics
12.13.3. Others
12.14. Japan Cyanate Ester Resin Market Forecast, by Application
12.14.1. Composites
12.14.2. Adhesives
12.15. Japan Cyanate Ester Resin Market Forecast, by End user
12.15.1. Aerospace & Defense
12.15.2. Electrical & electronics
12.15.3. Others
12.16. ASEAN Cyanate Ester Resin Market Forecast, by Application
12.16.1. Composites
12.16.2. Adhesives
12.17. ASEAN Cyanate Ester Resin Market Forecast, by End user
12.17.1. Aerospace & Defense
12.17.2. Electrical & electronics
12.17.3. Others
12.18. Rest of Asia Pacific Cyanate Ester Resin Market Forecast, by Application
12.18.1. Composites
12.18.2. Adhesives
12.19. Rest of Asia Pacific Cyanate Ester Resin Market Forecast, by End user
12.19.1. Aerospace & Defense
12.19.2. Electrical & electronics
12.19.3. Others
12.20. Asia Pacific Cyanate Ester Resin Market Attractiveness Analysis
12.20.1. By Application
12.20.2. By End user
12.21. PEST Analysis
12.22. Key Trends
12.23. Key Developments

13. Middle East & Africa Cyanate Ester Resin Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Cyanate Ester Resin Market Overview
13.3. Middle East & Africa Cyanate Ester Resin Market Value Share Analysis, by Application
13.4. Middle East & Africa Cyanate Ester Resin Market Forecast, by Application
13.4.1. Composites
13.4.2. Adhesives
13.5. Middle East & Africa Cyanate Ester Resin Market Value Share Analysis, by End user
13.6. Middle East & Africa Cyanate Ester Resin Market Forecast, by End user
13.6.1. Aerospace & Defense
13.6.2. Electrical & electronics
13.6.3. Others
13.7. Middle East & Africa Cyanate Ester Resin Market Value Share Analysis, by Country
13.8. Middle East & Africa Cyanate Ester Resin Market Forecast, by Country
13.8.1. GCC
13.8.2. South Africa
13.8.3. Rest of Middle East & Africa
13.9. Middle East & Africa Cyanate Ester Resin Market Analysis, by Country
13.10. GCC Cyanate Ester Resin Market Forecast, by Application
13.10.1. Composites
13.10.2. Adhesives
13.11. GCC Cyanate Ester Resin Market Forecast, by End user
13.11.1. Aerospace & Defense
13.11.2. Electrical & electronics
13.11.3. Others
13.12. South Africa Cyanate Ester Resin Market Forecast, by Application
13.12.1. Composites
13.12.2. Adhesives
13.13. South Africa Cyanate Ester Resin Market Forecast, by End user
13.13.1. Aerospace & Defense
13.13.2. Electrical & electronics
13.13.3. Others
13.14. Rest of Middle East & Africa Cyanate Ester Resin Market Forecast, by Application
13.14.1. Composites
13.14.2. Adhesives
13.15. Rest of Middle East & Africa Cyanate Ester Resin Market Forecast, by End user
13.15.1. Aerospace & Defense
13.15.2. Electrical & electronics
13.15.3. Others
13.16. Middle East & Africa Cyanate Ester Resin Market Attractiveness Analysis
13.16.1. By Application
13.16.2. By End user
13.17. PEST Analysis
13.18. Key Trends
13.19. Key Developments

14. South America Cyanate Ester Resin Market Analysis
14.1. Key Findings
14.2. South America Cyanate Ester Resin Market Overview
14.3. South America Cyanate Ester Resin Market Value Share Analysis, by Application
14.4. South America Cyanate Ester Resin Market Forecast, by Application
14.4.1. Composites
14.4.2. Adhesives
14.5. South America Cyanate Ester Resin Market Value Share Analysis, by End user
14.6. South America Cyanate Ester Resin Market Forecast, by End user
14.6.1. Aerospace & Defense
14.6.2. Electrical & electronics
14.6.3. Others
14.7. South America Cyanate Ester Resin Market Value Share Analysis, by Country
14.8. South America Cyanate Ester Resin Market Forecast, by Country
14.8.1. Brazil
14.8.2. Mexico
14.8.3. Rest of South America
14.9. South America Cyanate Ester Resin Market Analysis, by Country
14.10. Brazil Cyanate Ester Resin Market Forecast, by Application
14.10.1. Composites
14.10.2. Adhesives
14.11. Brazil Cyanate Ester Resin Market Forecast, by End user
14.11.1. Aerospace & Defense
14.11.2. Electrical & electronics
14.11.3. Others
14.12. Mexico Cyanate Ester Resin Market Forecast, by Application
14.12.1. Composites
14.12.2. Adhesives
14.13. Mexico Cyanate Ester Resin Market Forecast, by End user
14.13.1. Aerospace & Defense
14.13.2. Electrical & electronics
14.13.3. Others
14.14. Rest of South America Cyanate Ester Resin Market Forecast, by Application
14.14.1. Composites
14.14.2. Adhesives
14.15. Rest of South America Cyanate Ester Resin Market Forecast, by End user
14.15.1. Aerospace & Defense
14.15.2. Electrical & electronics
14.15.3. Others
14.16. South America Cyanate Ester Resin Market Attractiveness Analysis
14.16.1. By Application
14.16.2. By End user
14.17. PEST Analysis
14.18. Key Trends
14.19. Key Developments

15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players by price, presence, market share, Application and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Market Consolidation
15.2.3.1. M&A by Regions, Investment and Application
15.2.3.2. M&A Key Players, Forward Integration and Backward
Integration
15.3. Company Profiles: Key Players
15.3.1. Lonza
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Business Strategy
15.3.1.5. Recent Developments
15.3.1.6. Manufacturing Footprints
15.3.2. Huntsman
15.3.3. Cytec Solvay Group
15.3.4. Henkel
15.3.5. Tencate Advanced Composites
15.3.6. Hexcel Corporation
15.3.7. Toray Industries
15.3.8. Zoltek
15.3.9. Kuraray Co., Ltd.
15.3.10. Esterline Technologies Corporation
15.3.11. Quingdao Fundchem

16. Primary Key Insights
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