Global Cynate Ester Resins Market, by End-Use Industry (Aerospace & Defence, Electrical & Electronic

Published Date: | Report Code : MT192194

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Cynate Ester Resins Market Dynamic:

Cyanate ester resins are thermosetting resins, which are generally manufactured from bisphenol-A and cyanic acid. Cyanate ester resins are available in liquid and semisolid grades. These resins are known for their physical, thermal, electric, and processing properties. High thermal stability allows its use in high-temperature applications. Cyanate ester resins are mainly used in the aerospace & defense, automotive, electrical & electronics, and other end-user industries.

Segment Analysis:

In the last few decades, epoxy has become a material of choice for various applications in the aerospace & defense and electrical & electronics industries, but it has its own drawbacks, such as residual stress and high moisture absorption. The result of that is micro cracks in the structure after it is thermally cycled. These drawbacks of epoxy systems drove the researchers to develop an alternative material with improved properties, resulting in the discovery of cyanate ester resin for use in high-end applications.

Cyanate ester resins were first commercialized in Europe and North America, by Bayer and Mobay Chemicals respectively, in1976. It was first prepared for high-performance printed wiring board applications. In the next two decades, it went through numerous transformations. Also, many mergers and acquisitions were made in the past years. The players involved in these developmental activities include Mitsubishi Gas Chemicals, Hi-Tek Polymers, Celanese Specialty Resins, Rhone Poulenc, and Ciba-Geigy.

Some of the key Impact Factors:                                               

  • Increasing demand for high-temperature resins in the aerospace & defense industry
  • Growing demand from emerging markets
  • Excellent mechanical and Fires Smoke and Toxicity FST properties of cyanate ester resins

Regional Analysis:

The cynate ester resins market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. North America and Western Europe are major regions for cynate ester resins market owing to diversified demand from end-use industries and competitive scenarios. Some of the major end-use industries in these regions include aerospace & defence, electrical & electronics, automotive, wind energy, and others. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for cynate ester resins market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions.

Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Aerospace & defence, electrical & electronics, automotive, wind energy are some of the major industries in the region with strong potential for cynate ester resins market. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of the key markets with demand from aerospace & defence, electrical & electronics, automotive, wind energy, and others.

Companies Covered: Mitsubishi Gas Chemicals, Hi-Tek Polymers, Celanese Specialty Resins, Rhone Poulenc, NOVOSET, Argosy International, Tencate Advanced Composites, Huntsman, and Ciba-Geigy…

Market Segmentation:

By End-Use Industry:

  • Aerospace & Defence 
  • Electrical & Electronics
  • Automotive
  • Wind Energy
  • Others

By Application:

  • Composites
  • Adhesives
  • Coatings
  • RTM Resins
  • Filament Windings
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Application
    • By End-Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Application
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Application
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Application
    • By End-Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Application
    • By End-Use Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Application
    • By End-Use Industry

Reasons to buy this report:

  • Market size estimation of cyanate esters resins market on a regional and global basis
  • The unique research design for market size estimation and forecasts
  • Profiling of the major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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