Ranchi News Desk

Increase in Demand for Cyanate Ester Resin in Aerospace & Defense Industry Drives Market Growth| MarketsandMarkets™

 Breaking News
  • No posts were found

Increase in Demand for Cyanate Ester Resin in Aerospace & Defense Industry Drives Market Growth| MarketsandMarkets™

November 09
19:08 2022
Increase in Demand for Cyanate Ester Resin in Aerospace & Defense Industry Drives Market Growth| MarketsandMarkets™
Browse 78 market data Tables and 33 Figures spread through 112 Pages and in-depth TOC on “Cyanate Ester Resins Market”
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)

The global cyanate ester resins market is projected to grow from USD 195.2 million in 2017 to reach USD 338.8 million by 2022, at a CAGR of 11.7% from 2017 to 2022. Cyanate ester resins are used in various applications such as composites, adhesives, and coatings, amongst others. The rapidly increasing demand for cyanate ester resins in the aerospace & defense and electrical & electronics industries and high growth of the automotive industry in Asia Pacific are expected to boost the growth of the global cyanate ester resins market.

Composite is the major application of cyanate ester resins. Various cyanate ester resins are used in composite manufacturing to enhance the properties such as strength, elasticity, and heat resistance of composites. Cyanate ester resins are majorly used to manufacture aerospace composites and advanced electronics adhesives.

Get PDF Brochure for Research Insights at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142633294 

Mergers & acquisitions was the key strategy adopted by major players to enhance their presence in the global cyanate ester resins market between 2013 and 2017. This strategy accounted for a major share of all development strategies adopted by leading players during the same period. Key players operating in the global cyanate ester resins market include Lonza (Switzerland), Huntsman (US), Cytec Solvay Group (US), Henkel (Germany), Tencate Advanced Composites (Netherlands), and others.

Lonza is the largest player in the cyanate ester resin market. The company operates in the market through its segments specialty ingredients, pharma & biotech, and capsugel. Lonza offers most of its cyanate ester product range through its brand “Primaset”. It offers a line of products for aerospace and electronic applications. The company manufactures and supplies various grades of cyanate ester resin products. The company manufactures cyanate ester from bisphenol-A, bisphenol-E, bisphenol-F, and bisphenol M. The company has production plants for cyanate ester in Switzerland. The company has a widespread presence and distribution networks in Asia Pacific, Europe, the Middle East & Africa, and the Americas. In January 2014, Lonza, in collaboration with Novoset LLC, announced the introduction of a new product PrimasetTM ULL-950. This development will lead to its growth in the electronics and telecommunication industry

Share Your Requirements & Get Customized Reports at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=142633294  

Huntsman is the second-largest player in the cyanate ester resin market. It is a US-based diversified advanced material company. The company manufactures and distributes organic and inorganic chemical products globally. It operates through five segments: polyurethanes, performance products, advanced materials, textile effects, and pigments & additives. It manages its cyanate ester resin business along with liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting, and curing agents; and epoxy, acrylic, and polyurethane-based formulations under the advanced materials segment. The company is headquartered at the US. It manufactures multiple grades of cyanate ester resins for various uses such as microwave antennas, radome, high-temperature composites, structural adhesives, and electronic grade adhesives.

Get the Latest Version of the Report and be ahead of Your Competitors at https://www.marketsandmarkets.com/RequestNewVersion.asp?id=142633294 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/cyanate-ester-resin-market-142633294.html

Related Articles