Cyanate Ester Resins Market: Introduction
Cyanate ester is chemical compound in which the hydrogen atom of the phenol OH group is replaced by the cyanide group. Cyanate esters are based on a novolac or bisphenol derivatives that are extremely used in the formulation of cyanate ester resins.
Extensive properties associated with the cyanate ester resins such as excellent toughness, strength, lower moisture absorption, and improves electrical properties are makes it more lucrative compared to other resins. Cyanate ester resins are widely used across a variety of industries including aerospace & defense, and electrical & electronics, among others in the form of composite material and adhesives.
Moreover, Cyanate ester resins have high thermal stability of polymers as well as many other features such as more easily cured compared to epoxies. Cyanate ester resins toughness can also be improved by adding some spherical and thermoplastics rubber particles.
Cyanate ester resins based adhesives are trading in the form of films and pastes. They are often blended with polymers or epoxy resins, and broadly used for underfilling, encapsulants, and die attachment.
Cyanate Ester Resins Market: Dynamics
The global sales of cyanate ester resins are primarily attributing to the growth of various end-use industries such as aerospace & defense, electrical and electronics, among others. Growing cyanate ester resins demand from composite materials for manufacturing parts and components of the aircraft, missiles, spacecraft, microelectronics, antennas, among many others have significantly led the market growth around the world.
The properties associated with cyanate ester resins such as high thermal stability, strength, and toughness make it the most suitable composites in the aerospace and defense industry, where high temperate absorption composites are required.
Moreover, the electrical properties of cyanate ester resins are also quite decent, even at high frequencies. Owing to its low dielectric constant and dissipation factors assigned as more beneficial for the electrical and electronics industry.
All such aspects of cyanate ester resins are anticipated to pave the space for vigorous growth of the market in the coming years.However, limited application and presence of various alternatives in the form of epoxy resins being act as challenges for the cyanate ester resins market growth in the upcoming years.
Cyanate Ester Resins Market: Regional Outlook
Worldwide, the global cyanate ester resins market is expected to register robust growth during the foreseen trajectory. North America is expected to account for dominating share in the global cyanate ester resins market. Growing R&D investment in the aerospace and defense industry to develop various innovative and advanced materials to reduce overall weight and increase thermal stability of the aircraft and spacecraft.
Technological advancement in electronics could benefit the cyanate ester resins market in the European region. Moreover, the Asia Pacific is expected to witness exponential growth in the global cyanate ester resins market in the coming years.
Owing to the launch of various defense aircraft development and space exploration programs in emerging economies such as China and India are likely to accelerate cyanate ester resins demand in the near future.
Also, several prominent firms of the aerospace and automotive are outsourcing their parts and components from the Asia Pacific owing to low manufacturing cost. Rising production and sales of automotive and economic development in Latin America and the Middle East and Africa regions are expected to advantageous for the Cyanate ester resins market in those regions.
Cyanate Ester Resins Market: Market participants
Some of the key market participants identified across the value chain of the cyanate ester resins market are:
- Lonza Group AG
- Huntsman Corporation
- Cytec Industries Incorporated
- Henkel AG & Company, KGaA
- Toray Advanced Composites
- Hexcel Corporation
- Koninklijke Ten Cate B.V.
- Mitsubishi Gas Chemical Company, Inc.
- Argosy International
- Maida Development Company
The research report presents a comprehensive assessment of the cyanate ester resins market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaustive analysis on
- Cyanate Ester Resins Market Segments
- Cyanate Ester Resins Market Dynamics
- Cyanate Ester Resins Market Size
- Cyanate Ester Resins Market Supply/Demand
- Cyanate Ester Resins Current Trends/Issues/Challenges
- Cyanate Ester Resins Competition & Companies involved
- Cyanate Ester Resins Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on cyanate ester resins market segments and geographies.
The global cyanate ester resins market can be segmented on the basis of derivative type, application, end-use industry, and region.
- Aerospace and Defense
- Electrical and Electronics