Cyanate ester resin is a thermoset resin comprising a three-dimensional network and repeated -OCN groups manufactured from bisphenol A and cyanic acid. Cyanate ester resins are bisphenol derivatives that are highly used chemical compounds in manufacturing because of their temperature resistance properties. Cyanate ester resins are highly used in the manufacturing industry to manufacture various products. Cyanate ester resins are extensively used in many applications such as microelectronics, antennae, aircraft, spacecraft, missiles, and microwave products. Therefore, the number of manufacturing businesses is expected to increase the demand for cyanate ester resins in the upcoming years.
According to Data Bridge Market Research, the Cyanate Ester Resins Market witnessed a healthy CAGR of 7.40% from 2022 to 2029.
"Rising adoption of cyanate ester resins in the automotive sector is expected to drive the market growth"
Increasing adoption of cyanate ester resins in the automotive sector is a major factor expected to drive the growth of the global cyanate ester resins market during the forecast period. The unique properties of these cyanate ester resins, such as lightweight, high-temperature resistance, high stability, and excellent 3-D moldability, have resulted in high demand from manufacturers in the automotive sector. In the automotive industry, racing cars' exhaust and brakes are manufactured using cyanate ester resin. These composites are fire-resistant and can withstand high temperatures in the automobile's exhaust. Various other applications of cyanate ester resins in the automotive sector, such as brake ducts, engine covers, heat shields, and crash structures, will likely boost the cyanate ester resins market growth.
What restraints the growth of the cyanate ester resins market?
"Fluctuation in prices of raw materials"
The fluctuation in the price of raw materials of cyanate ester resins is expected to hamper the market's growth during the forecast period. The raw materials of cyanate ester resins are cyanic and bisphenol-A, which are expensive. Hence, this factor is expected to hamper the cyanate ester resins market growth during the forecast period of 2022 to 2029.
Segmentation: Global Cyanate Ester Resins Market
The cyanate ester resins market is segmented on the basis of end user and application.
- On the basis of end user, the global cyanate ester resins market is segmented into aerospace and defense, electrical and electronics, others.
- On the basis of application, the global cyanate ester resins market is segmented into adhesives, composites, others.
Recent Developments
- In 2022, Argosy Japan Aerospace Materials Co., Ltd. was officially established in Nagoya, Japan, with two key business leaders, Crash Test Barrier Sales Manager Osamu Kobayashi and General Manager Akihiro "Hiro" Oda. This will allow us to stock crash test barriers, composites process materials, and invoice in local currency, and provide accessibility for our Japanese customers."
- In 2020, Novoset, L.L.C., and Lonza announced the launch of New Ultra-Low Dielectric Loss and Temperature Materials for Bendable Electronic Devices and High-Speed Telecommunication Industries. These thermoset resin materials are based on Cyanate Ester (C.E.) chemistry.
Regional Insights: Asia-Pacific is expected to dominate the cyanate ester resins market
Asia-Pacific is expected to dominate the market and grow significantly because of the region's large availability of raw materials. Moreover, this region's highest manufacturing units and companies of cyanate ester resins will further support the growth of the cyanate ester resins market.
In addition, Europe and North America are likely to register high growth rates during the forecast period of 2022 to 2029 due to the rapidly increasing population and presence of major aircraft manufacturers such as Lockheed Martin and Boeing. Furthermore, increasing technological advancements by manufacturers operating in this region will positively influence market growth.
To know more about the study, visit https://www.databridgemarketresearch.com/zh/reports/global-cyanate-ester-resins-market
The Prominent Key Players Operating in the Cyanate Ester Resins Market Include:
- Argosy International Inc. (U.S.)
- Hexcel Corporation (U.S.)
- Huntsman Corporation L.L.C (U.S.)
- Lonza (Switzerland)
- TenCate Protective Fabrics (Netherlands)
- MITSUBISHI GAS CHEMICAL COMPANY, INC. (U.S.)
- Solvay (Belgium)
- Henkel AG & Co. KgaA (Germany)
- Toray Advanced Composites (U.K.)
- Novoset, L.L.C. (U.S.)
- Composite Technology Development, Inc. (U.S.)
- Rockman Advanced Composites Pvt. Ltd. (India)
Above are the key players covered in the report, to know about more and exhaustive list cyanate ester resins market companies contact, https://www.databridgemarketresearch.com/zh/contact
Research Methodology: Global Cyanate Ester Resins Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Cyanate ester resins and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
