Cyanate Ester Resins Market Analysis
Cyanate esters are bisphenol derivative. It is available in solvated, liquid, and solid form. The cyanate ester has excellent strength and electrical properties as compared to other resins. In addition, it provides excellent performance in high temperature operating conditions. Cyanate ester resins can also be used for aerospace, adhesive applications, electronics, automotive and others. Due to its temperature resistant property, it is also used in manufacturing composites.
COVID-19 scenario analysis
- Due to COVID-19, revenue of the cyanate ester resins market witnessed a decline in 2020. This is attributed to decreased demand from consumers such as automobile, aerospace, and others.
- COVID-19 outbreak has affected the production cost and also affected the growth of the cyanate ester resin market.
- The impact of COVID-19 on the cyanate ester resin market was negative, at the time of Corona outbreak the demand for the production of automobile was decreased.
- The aerospace projects were delayed or cancelled in some of the countries which decreased the demand for cyanate ester resins.
- The decreased consumer spending is negatively impacting the sales of automobile. This is correspondingly decreasing the demand for cyanate ester resins.
- The raw material procurement was one of the major problems in the initial days of 2020.
Top Impacting Factors
As the demand for cyanate ester resins is increasing in defense and aerospace sector these factors drive the growth of the cyanate ester resins market. The aerospace industry and the defense industry are growing rapidly in the world, which is expected to increase the demand for cyanate ester resin during the forecast period. The product is used to manufacture wings, antennae and other things used in the aerospace and defense industry. In addition, it is also used to manufacture exhaust of race cars and brakes, which is increasing demand for cyanate ester resins. However, the high manufacturing and high processing cost and recyclability problem is expected to hinder the market growth.
- North America has the established consumer base such as automobile, aerospace and others, which increased the demand for cyanate ester resin and the cyanate ester resin market is expected to witness growth in the future as well.
- Cyanate ester have many properties such as good thermal insulation, corrosion resistance, durability and low maintenance.
- The aerospace and defense industry is expected to grow in developing regions such as Asia-Pacific and LAMEA, which is anticipated to increase demand for cyanate ester resins during the forecast period.
- Asia Pacific is expected to dominate the market owing to presence of emerging economies such as China and India. China and India have the fastest growing consumer base.
- The increasing demand for light weighted components from aerospace and automotive will drive the demand for cyanate ester resins.
- The cyanate ester resin are used in printing circuit boards due to their properties of temperature resistance and low dielectric constant.
Key Benefits of the Report
- This study presents the analytical depiction of the cyanate esters resins industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cyanate esters resins market share.
- The current market is quantitatively analyzed to highlight the cyanate esters resins market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed cyanate esters resins market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the Cyanate Esters Resins Market Report
- Who are the leading market players active in the cyanate esters resins market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is “cyanate esters resins market” prediction in the future?
- What are the challenges faced in the “cyanate esters resins market”?
- What are the key benefits of the cyanate esters resins market report?
- What will be the anticipated growth rates for cyanate esters resins Market?
Cyanate Ester Resins Market Report Highlights
By End-Use Industry
Key Market Players
MITSUBISHI GAS CHEMICAL COMPANY, INC., Koninklijke Ten Cate BV.,, Lonza, Henkel, Novoset, Cytec Solvay Group, Huntsman Corporation, Hexcel Corporation, Tencate Advanced Composites, Argosy International