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
grow with a CAGR of 5.2% from 2018 to 2023. The major growth drivers for this market are increasing demands for cyanate
ester in high performance PCB and growth in the aerospace & defense industry.
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 2018-2023: 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 2012 – 2023]:
- Printed Circuit Boards
- Radomes
- Aerospace Engine & Structural Parts
- Others
By End Use Industry [Volume (M lbs) and $M
shipment analysis for 2012 – 2023]:
- Aerospace & Defense
- Electrical & Electronics
- Automotive
- Marine
- Others
By Product
Type [Volume (M lbs) and $M shipment analysis for 2012 – 2023]:
- Bisphenol-based Cyanate Ester Resin
- Novolac-based Cyanate Ester Resin
By Region [Volume (M lbs) and $M shipment
analysis for 2012 – 2023]:
·
North America
−
US
−
Canada
−
Mexico
·
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 helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates winning strategies for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth
consulting, M&A, and due diligence services to executives and key
decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising
potential, high growth opportunities for the global cyanate ester resin market
by product type (bisphenol-based cyanate ester and novolac-based cyanate ester),
end use industry (aerospace & defense, electrical & electronics,
automotive, marine, and others), application (printed circuit boards, radomes,
aerospace engine & structural parts, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are the emerging trends in this
market and the reasons behind them?
Q.7 What are the changing demands of customers
in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
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