HOME Top Market Reports Cyanate Ester Resins Market by End-Use Industry (Aerospace & Defense, Electrical & Electronics), Application (Composites, Adhesives), and Region (North America, Europe, APAC, MEA, and South America) - Global Forecast to 2022

Cyanate Ester Resins Market by End-Use Industry (Aerospace & Defense, Electrical & Electronics), Application (Composites, Adhesives), and Region (North America, Europe, APAC, MEA, and South America) - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: May 2018
Report Code: CH 6307

 

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The global cyanate ester resins market was valued at USD 184.3 Million in 2016 and is projected to reach USD 338.8 Million by 2022, at a CAGR of 11.7% during the forecast period. The base year considered for the study is 2016, while the forecast period is between 2017 and 2022.

Objectives of the report are as follows:

  • To define and segment the market for cyanate ester resins
  • To provide detailed information regarding the major factors influencing the growth of the global cyanate ester resins market (drivers, restraints, opportunities, and challenges)
  • To analyze and forecast the market size of cyanate ester resins, in terms of value and volume
  • To analyze the market segmentation and project the market size, in terms of value and volume, for key regions, such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa
  • To analyze competitive developments, such as new product launches, capacity expansions, mergers & acquisitions, and partnerships & agreements in the market
  • To strategically profile key players operating in the global cyanate ester resins market

Both, top-down and bottom-up approaches were used to estimate and validate the size of the global cyanate ester resins market, and to determine the sizes of various other dependent submarkets. The research study involved extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for a technical, market-oriented, and commercial study of the global cyanate ester resins market.

Cyanate Ester Resins Market

To know about the assumptions considered for the study, download the pdf brochure

The value chain of the global cyanate ester resins market includes sourcing of basic raw materials, manufacturing and supplying raw materials to cyanate ester resins manufacturers, and use of cyanate ester resins in various applications. The raw material for cyanate ester resins are cyanic and bisphenol-A. The major players in cyanate ester resin market include are Lonza (Switzerland), Huntsman (US), Cytec Solvay Group (US), Henkel (Germany), Tencate Advanced Composites (Netherlands), and others.

Key Target Audience:

  • Raw Material Suppliers
  • Cyanate Ester Resins Manufacturers
  • Traders, Distributors, and Suppliers of Cyanate Ester Resins
  • Government & Regional Agencies, Research Organizations, and Investment Research Firms

Scope of the Report:

This research report categorizes the global cyanate ester resins market on the basis of end-use industry, application, and region.

On the Basis of End-use Industry:

  • Aerospace & Defense
  • Electrical & electronics
  • Others

On the Basis of Application:

  • Composites
  • Adhesives
  • Others

On the Basis of Region:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

The market is further analyzed for key countries in each of these regions.

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Geographic Analysis:

  • Further breakdown of a region with respect to major countries

Company Information:

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Units Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 28)
    4.1 High Growth of Cyanate Ester Resin Market During the Forecast Period
    4.2 Cyanate Ester Resin Market, By Region and End-Use Industry
    4.3 Cyanate Ester Resin Market, By End-Use Industry and Country
    4.4 Cyanate Ester Resin Market, By Country

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for High-Temperature Resins in the Aerospace & Defense Industry
                    5.2.1.2 Excellent Mechanical and Fst Properties of Cyanate Ester Resin
           5.2.2 Restraints
                    5.2.2.1 High Processing and Manufacturing Cost
                    5.2.2.2 Issues Related to Recyclability
           5.2.3 Opportunities
                    5.2.3.1 Potential Opportunities in New Applications
                    5.2.3.2 Growing Demand From Emerging Markets
           5.2.4 Challenges
                    5.2.4.1 Higher Cost of Cyanate Ester Resins Than Other Resins
                    5.2.4.2 Reduction in the Cycle Time of Thermoset Composites Structures Manufacturing
                    5.2.4.3 Rise in the Cyanate Ester Resin Raw Materials’ Prices
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry

6 Cyanate Ester Resin Market, By Application (Page No. - 38)
    6.1 Introduction
    6.2 Composites
    6.3 Adhesives
    6.4 Others

7 Cyanate Ester Resin Market, By End-Use Industry (Page No. - 45)
    7.1 Introduction
    7.2 Aerospace & Defense
    7.3 Electrical & Electronics
    7.4 Others

8 Cyanate Ester Resin Market, By Region (Page No. - 53)
    8.1 Introduction
    8.2 North America
           8.2.1 US
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Europe
           8.3.1 Germany
           8.3.2 Russia
           8.3.3 UK
           8.3.4 France
    8.4 APAC
           8.4.1 China
           8.4.2 Japan
           8.4.3 South Korea
           8.4.4 India
    8.5 South America
           8.5.1 Brazil
           8.5.2 Argentina
    8.6 Middle East & Africa
           8.6.1 Saudi Arabia
           8.6.2 UAE

9 Competitive Landscape (Page No. - 85)
    9.1 Overview
    9.2 Market Ranking
           9.2.1 Lonza
           9.2.2 Huntsman Corporation
           9.2.3 Henkel
           9.2.4 Cytec Solvay Group

10 Company Profiles (Page No. - 88)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     10.1 Lonza
     10.2 Huntsman Corporation
     10.3 Henkel
     10.4 Cytec Solvay Group
     10.5 Hexcel Corporation
     10.6 Tencate Advanced Composites
     10.7 Novoset
     10.8 Argosy International

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 104)
     11.1 Insights From Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details


List of Tables (78 Tables)

Table 1 Cyanate Ester Resin Market Size, By Application, 2015–2022 (Ton)
Table 2 Cyanate Ester Resin Market Size, By Application, 2015–2022 (USD Thousand)
Table 3 Cyanate Ester Resin Market Size in Composites Application, By Region, 2015–2022 (Ton)
Table 4 Cyanate Ester Resin Market Size in Composites Application, By Region, 2015–2022 (USD Thousand)
Table 5 Cyanate Ester Resin Market Size in Adhesives Application, By Region, 2015–2022 (Ton)
Table 6 Cyanate Ester Resin Market Size in Adhesives Application, By Region, 2015–2022 (USD Thousand)
Table 7 Cyanate Ester Resin Market Size in Other Applications, By Region, 2015–2022 (Ton)
Table 8 Cyanate Ester Resin Market Size in Other Applications, By Region, 2015–2022 (USD Thousand)
Table 9 Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 10 Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 11 Cyanate Ester Resin Market Size in Aerospace & Defense End-Use Industry, By Region, 2015–2022 (Ton)
Table 12 Cyanate Ester Resin Market Size in Aerospace & Defense End-Use Industry, By Region, 2015–2022 (USD Thousand)
Table 13 Cyanate Ester Resin Market Size in Electrical & Electronics End-Use Industry, By Region, 2015–2022 (Ton)
Table 14 Cyanate Ester Resin Market Size in Electrical & Electronics End-Use Industry, By Region, 2015–2022 (USD Thousand)
Table 15 Cyanate Ester Resin Market Size in Other End-Use Industries, By Region, 2015–2022 (Ton)
Table 16 Cyanate Ester Resin Market Size in Other End-Use Industries, By Region, 2015–2022 (USD Thousand)
Table 17 Cyanate Ester Resin Market Size, By Region, 2015–2022 (Ton)
Table 18 Cyanate Ester Resin Market Size, By Region, 2015–2022 (USD Thousand)
Table 19 North America: Cyanate Ester Resin Market Size, By Country, 2015–2022 (Ton)
Table 20 North America: Cyanate Ester Resin Market Size, By Country, 2015–2022 (USD Thousand)
Table 21 North America: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 22 North America: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 23 North America: Cyanate Ester Resin Market Size, By Application, 2015–2022 (Ton)
Table 24 North America: Cyanate Ester Resin Market Size, By Application, 2015–2022 (USD Thousand)
Table 25 US: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 26 US: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 27 Canada: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 28 Canada: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 29 Mexico: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 30 Mexico: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 31 Europe: Cyanate Ester Resin Market Size, By Country, 2015–2022 (Ton)
Table 32 Europe: Cyanate Ester Resin Market Size, By Country, 2015–2022 (USD Thousand)
Table 33 Europe: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 34 Europe: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 35 Europe: Cyanate Ester Resin Market Size, By Application, 2015–2022 (Ton)
Table 36 Europe: Cyanate Ester Resin Market Size, By Application, 2015–2022 (USD Thousand)
Table 37 Germany: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 38 Germany: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 39 Russia: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 40 Russia: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 41 UK: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 42 UK: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 43 France: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 44 France: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 45 APAC: Cyanate Ester Resin Market Size, By Country, 2015–2022 (Ton)
Table 46 APAC: Cyanate Ester Resin Market Size, By Country, 2015–2022 (USD Thousand)
Table 47 APAC: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 48 APAC: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 49 APAC: Cyanate Ester Resin Market Size, By Application, 2015–2022 (Ton)
Table 50 APAC: Cyanate Ester Resin Market Size, By Application, 2015–2022 (USD Thousand)
Table 51 China: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 52 China: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 53 Japan: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 54 Japan: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 55 South Korea: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 56 South Korea: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 57 India: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 58 India: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 59 South America: Cyanate Ester Resin Market Size, By Country, 2015–2022 (Ton)
Table 60 South America: Cyanate Ester Resin Market Size, By Country, 2015–2022 (USD Thousand)
Table 61 South America: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 62 South America: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 63 South America: Cyanate Ester Resin Market Size, By Application, 2015–2022 (Ton)
Table 64 South America: Cyanate Ester Resin Market Size, By Application, 2015–2022 (USD Thousand)
Table 65 Brazil: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 66 Brazil: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 67 Argentina: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 68 Argentina: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 69 Middle East & Africa: Cyanate Ester Resin Market Size, By Country, 2015–2022 (Ton)
Table 70 Middle East & Africa: Cyanate Ester Resin Market Size, By Country, 2015–2022 (USD Thousand)
Table 71 Middle East & Africa: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 72 Middle East & Africa: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 73 Middle East & Africa: Cyanate Ester Resin Market Size, By Application, 2015–2022 (Ton)
Table 74 Middle East & Africa: Cyanate Ester Resin Market Size, By Application, 2015–2022 (USD Thousand)
Table 75 Saudi Arabia: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 76 Saudi Arabia: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 77 UAE: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 78 UAE: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)


List of Figures (33 Figures)

Figure 1 Cyanate Ester Resin Market Segmentation
Figure 2 Cyanate Ester Resin Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Cyanate Ester Resin Market: Data Triangulation
Figure 6 Composites to Capture the Largest Share During the Forecast Period
Figure 7 Aerospace & Defense Industry to Drive the Cyanate Ester Resin Market During the Forecast Period
Figure 8 North America Led the Market in the Aerospace & Defense End-Use Industry in 2016
Figure 9 North America Dominated the Cyanate Ester Resin Market in 2016
Figure 10 Attractive Opportunities in the Cyanate Ester Resin Market, 2017–2022
Figure 11 Aerospace & Defense Segment to Lead in All the Regions
Figure 12 The US Dominated the North American Cyanate Ester Resin Market in 2016
Figure 13 Cyanate Ester Resin Market in India to Grow at A High Rate During the Forecast Period
Figure 14 Overview of the Factors Governing the Cyanate Ester Resin Market
Figure 15 Porter’s Five Forces Analysis
Figure 16 North America to Lead the Cyanate Ester Resin Market in the Composites Application
Figure 17 APAC to Be the Fastest Growing Cyanate Ester Resin Market in the Adhesives Application
Figure 18 North America to Lead the Cyanate Ester Resin Market in Other Applications
Figure 19 Aerospace & Defense to Be the Largest End-Use Industry of Cyanate Ester Resin
Figure 20 North America to Lead the Cyanate Ester Resin Market in the Aerospace & Defense End-Use Industry
Figure 21 North America to Lead the Cyanate Ester Resin Market in the Electrical & Electronics End-Use Industry
Figure 22 North America to Lead the Cyanate Ester Resin Market in Other End-Use Industries
Figure 23 India to Be the Fastest-Growing Cyanate Ester Resin Market Between 2017 and 2022
Figure 24 North America: Cyanate Ester Resin Market Snapshot
Figure 25 Europe: Cyanate Ester Resin Market Snapshot
Figure 26 Companies Adopted Acquisition as the Key Growth Strategy Between 2013 and 2018
Figure 27 Ranking of Key Market Players, 2016
Figure 28 Lonza: Company Snapshot
Figure 29 Huntsman Corporation: Company Snapshot
Figure 30 Henkel: Company Snapshot
Figure 31 Cytec Solvay Group: Company Snapshot
Figure 32 Hexcel Corporation: Company Snapshot
Figure 33 Tencate Advanced Composites: Company Snapshot

The global cyanate ester resin market is projected to reach USD 338.8 Million by 2022, at a CAGR of 11.7% from 2017 to 2022. Cyanate ester resins are organic compounds that are generally manufactured from cyanic acid and bisphenol A. Better dielectric properties of cyanate esters along with 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 majorly used in composites and adhesives applications. The growth of these applications is driving the cyanate ester resin market, globally.

In 2016, the composites application segment accounted for the largest share of the global cyanate ester resin market and is expected to continue to lead during the forecast period. With the growing demand for composites in various applications in aerospace, defense, automobile, electronic, and other industries, the demand for cyanate ester resins in the composites segment is likely to increase significantly in the coming years.

Based on end-use industry, the aerospace & defense segment is projected to grow at the highest CAGR between 2017 and 2022. Cyanate ester resins are used as a functional material in radome applications in the aerospace industry. They are also used in other internal and external parts of aircraft. Aerospace & defense is expected to be the fastest-growing end-use segment of the cyanate ester resins market, in terms of value, during the forecast period due to the high-end properties of cyanate ester resins.

Cyanate Ester Resins Market

The growth in the aerospace & defense industry has led to an increase in the demand for cyanate ester resins in the composites application. In 2016, North America accounted for the largest share of the global cyanate ester resins market. The US is expected to account for the largest share of the North America cyanate ester resin market till 2022, whereas, this market in APAC is anticipated to grow at the highest CAGR during the forecast period.

Companies have adopted strategies such as mergers & acquisitions to enhance their existing customer base in the global cyanate ester resins market. Key companies operating in this market focus on providing customized products and enhancing their presence in emerging markets. Solvay successfully completed the acquisition of Cytec in 2015. This acquisition is expected to help Solvay to integrate its business in the composites market, which will play an important role in minimizing the weight of aircraft.

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