According to a new market report published by Lucintel, the future of the cyanate ester resin market looks promising with opportunities in the aerospace & defense, electrical and electronics, automotive, and marine industries. The global cyanate ester resin market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 4% to 6% from 2020 to 2025. The major growth drivers for this market are increasing demands for cyanate ester in high performance PCB and growth in the aerospace & defense industry.
Browse 118 market data tables and 139 figures spread through 210 pages and in-depth TOC on “Cyanate Ester Resin Market"
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In this market, cyanate ester resin is used in printed circuit boards, radomes, aerospace engines & structural parts, and adhesive applications. Lucintel forecasts that printed circuit boards will remain the largest application due to increasing demand for high performance PCBs in communication, defense, aerospace, and marine industries. Lucintel predicts that the cyanate ester resin for aerospace engines & structural parts application is expected to witness the highest growth over the forecast period supported by growth in the aerospace & defense and space industry.
Within the cyanate ester resin market, aerospace & defense is expected to remain the largest end use industry and also witness the highest growth in the forecast period due to growing demand for cyanate ester based composite parts.
North America is expected to remain the largest region due to increasing demand for cyanate ester based composites in the various end use industries, such as aerospace & defense, electrical & electronics, and marine. Lucintel predicts that Asia Pacific is expected to witness the highest growth over the forecast period due to increasing production of high performance PCB.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of ultra-high temperature resistant (Tg 400ºC) cyanate ester resin with excellent mechanical properties and increasing demand for cyanate ester resin in optical devices & high performance powder coating. Huntsman, Lonza, MGC, Tencate, Quingdao Fundchem, and Renegade are among the major suppliers of cyanate ester resin.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global cyanate ester resin market by application, end use industry, product type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Cyanate Ester Resin Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global cyanate ester resin market by application, end use industry, product type, and region as follows:
By Application [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:
Printed Circuit Boards
Radomes
Aerospace Engine & Structural Parts
Others
By End Use Industry [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:
Aerospace & Defense
Electrical & Electronics
Automotive
Marine
Others
By Product Type [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:
Bisphenol-based Cyanate Ester Resin
Novolac-based Cyanate Ester Resin
By Region [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:
North America
Europe
France
The United Kingdom
Switzerland
Italy
Asia Pacific
China
South Korea
Taiwan
Japan
India
The Rest of the World
Central & South America
Middle East & Africa
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 helpdesk@lucintel.com.
About Lucintel
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