The global cyanate ester resin market is projected to grow at a CAGR of 5% during 2020-2025. The growth of cyanate ester resin market is driven by increasing demands for cyanate ester in high performance PCB and growth in the aerospace & defense industry.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the 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 What are the
business risks and threats to the cyanate ester resin market?
Q.4 What are some
changing demands of customers in the cyanate ester resin market?
Q.5 What are the new
developments in the cyanate ester resin market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this cyanate ester resin area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this cyanate ester resin market?
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.
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Market Segmentation:
Based on application,
the cyanate ester resin market is
segmented into printed circuit boards, radomes, aerospace engine &
structural parts, and others. The printed circuit boards segment accounted for
the largest share of the market in 2020 due to increasing demand for high
performance PCBs in communication, defense, aerospace, and marine industries and
aerospace engines & structural parts is expected to register the highest
CAGR during the forecast period supported by growth in the aerospace &
defense and space industry.
North America is
expected to be 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 and Asia Pacific is expected
to witness the highest growth over the forecast period due to increasing
production of high performance PCB.
Key Players in the cyanate
ester resins market are Huntsman, Lonza, MGC, Tencate, Quingdao Fundchem and
others.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
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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.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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