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Cyanate Ester Resins Market

Cyanate Ester Resins Market

Cyanate Ester Resins Market
Report code - SRAM177 Delivery - 2 Weeks

Cyanate Ester Resins Market by End-Use Industry Type (Aerospace & Defense, Electrical & Electronics, and Others), by Application Type (Composites, Adhesives), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023

Cyanate Ester Resins Market by End-Use Industry Type (Aero See more...

This report, from Stratview Research, studies the cyanate ester resins market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The Cyanate Ester Resins Market: Highlights

The global cyanate ester resins market is projected to grow at an impressive rate of 6.3% during the forecast period. Cyanate ester resin currently accounts for a minuscule share of the total composite resins market but is likely to witness a higher CAGR (6.3% vs 4.7%) over the next five years. Cyanate ester resins offer excellent strength and toughness, better electrical properties, high-temperature resistance, and lower moisture absorption. Their high-temperature-resistant properties are similar to BMI and polyimide resins when they are formulated correctly. They find use for a host of applications including antennae, radomes, wings, microelectronics and microwave products in the aerospace & defense and electrical & electronics industries. All these factors are proliferating the demand for cyanate ester resins in the global market.

Based on the end-use industry type, the cyanate ester resins market is segmented into Aerospace & Defense, Electrical & Electronics, and Others. Aerospace & Defense is expected to remain the largest consumer of cyanate ester resins during the forecast period. The industry is also likely to witness the highest growth during the same period. Cyanate ester resin is gaining grounds in manufacturing composite parts for aircraft and spacecraft, owing to its high-temperature resistance property. Spacecraft and missiles are the major users of cyanate esters in the aerospace & defense industry. The resin type is also finding usage in wings of military aircraft.

Based on the application type, the cyanate ester resins market is segmented into Composites, Adhesives, and Others. Composites accounted for the largest share of the global cyanate ester resin market in 2017 and will continue to surge ahead during the forecast period. Composites have been successful in marking their presence in most of the end-use industries in almost all types of applications including high-temperature-resistant applications. Various resins, such as cyanate esters, BMI, and polyimides, have been gaining market traction in high-temperature composite applications. Cyanate esters are increasingly used for the fabrication of structural applications of spacecraft and missiles.

Based on regions, North America is expected to remain the largest market for cyanate ester resins during the forecast period. The region is the world’s manufacturing capital of aerospace & defense industry with the presence of many large-to small-sized OEMs, tier players, cyanate ester resin suppliers, distributors, and raw material suppliers. The USA not only leads the cyanate ester resin market in North America, but also globally.  

Asia-Pacific is a relatively small market but is estimated to be the fastest-growing one during the same period, primarily driven by China and Japan. Upcoming aircraft programs, such as COMAC C919 and Mitsubishi MRJ, increasing presence of major aircraft OEMs, such as Boeing and Airbus, and increasing demand for military aircraft are some of the factors driving the demand for composites including cyanate ester resins. The region is the manufacturing capital of electrical & electronics industry, owing to low-cost labor, excellent infrastructure, developed supply chain, and availability of low-cost materials. All these factors are contributing towards a significant growth of the cyanate ester resins' demand in the region.

The supply chain of this market comprises raw material suppliers, resin manufacturers, tier players, OEMs, and end-users. Major cyanate ester resin manufacturers are Lonza Group, Huntsman Corporation, Henkel AG & Company, Cytec Solvay Group, Hexcel Corporation, and TenCate Advanced Composites. New product development, regional expansion, and development of long-term relationships with tier players are some of the key strategies adopted by the major players to gain a competitive edge in the market. Most of the major players are developing low-temperature-resistant cyanate esters at a reduced cost targeting high-temperature composite applications, especially aerospace & defense industry.

Companies have resorted to strategies, such as mergers & acquisitions, to uplift their existing customer base in the market. Key companies functional in this market focus on providing tailor-made products and enhance their presence in emerging markets. Solvay S.A. successfully completed the acquisition of Cytec Industries in 2015. This acquisition strengthened Solvay's position in the advanced composites business. This also led to entry of the company in the cyanate ester resin market.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 500 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We usually conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors 

The cyanate ester resins market is segmented into the following categories. 

Global Cyanate Ester Resins Market by End-Use Industry Type:

  • Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Global Cyanate Ester Resins Market by Application Type:

  • Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Global Cyanate Ester Resins Market by Region:

  • North America (Country Analysis: the USA, Canada, and Mexico) 
  • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others) 

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Market Segmentation

  • Current market segmentation of any one of the end-use industry type by application type  

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com. 


List of Figures

List of Tables

Disclaimer

Copyright

Abbreviation

Currency Exchange

About Us

Report Scope

Report Objectives 

Research Methodology

Secondary Research

Key Information Gathered from Secondary Research

Primary Research

Key Information Gathered from Primary Research

Breakdown of Primary Interviews by Region, Designation, and Value Chain Node

Data Analysis and Triangulation

1.       Executive Summary  

2.       Cyanate Ester Resins Market - Overview and Market Forces

2.1.                Introduction

2.2.                Market Classification

2.2.1.                         By End-Use Industry Type

2.2.2.                         By Application Type

2.2.3.                         By Region

2.3.                Market Drivers

2.4.                Market Constraints

2.5.                Supply Chain Analysis

2.6.                Industry Life Cycle Analysis

2.7.                PEST Analysis: Impact Assessment of Changing Business Environment

2.8.                Porter’s Five Forces Analysis

2.8.1.                         Bargaining Power of Suppliers

2.8.2.                         Bargaining Power of Customers

2.8.3.                         Threat of New Entrants

2.8.4.                         Threat of Substitutes

2.8.5.                         Competitive Rivalry

2.9.                SWOT Analysis

3.       Cyanate Ester Resins Market Analysis – By End-Use Industry Type 

3.1.                Strategic Insights 

3.2.                Aerospace & Defense: Cyanate Ester Resins Market Trend and Forecast (US$ Million and Million Lbs.)

3.2.1.                         Regional Trend and Forecast (US$ Million and Million Lbs.)

3.3.                Electricals & Electronics: Cyanate Ester Resins Market Trend and Forecast (US$ Million and Million Lbs.)

3.3.1.                         Regional Trend and Forecast (US$ Million and Million Lbs.)

3.4.                Others: Cyanate Ester Resins Market Trend and Forecast (US$ Million and Million Lbs.)

3.4.1.                         Regional Trend and Forecast (US$ Million and Million Lbs.)

4.       Cyanate Ester Resins Market Analysis – By Application Type    

4.1.                Strategic Insights 

4.2.                Cyanate Ester Resins Market Trend and Forecast for Composites (US$ Million and Million Lbs.)

4.2.1.                         Regional Trend and Forecast (US$ Million and Million Lbs.)

4.3.                Cyanate Ester Resins Market Trend and Forecast for Adhesives (US$ Million and Million Lbs.)

4.3.1.                         Regional Trend and Forecast (US$ Million and Million Lbs.)

4.4.                Cyanate Ester Resins Market Trend and Forecast for Others (US$ Million and Million Lbs.)

4.4.1.                         Regional Trend and Forecast (US$ Million and Million Lbs.)

5.       Cyanate Ester Resins Market Analysis – By Region  

5.1.                Strategic Insights 

5.2.                North American Cyanate Ester Resins Market Analysis

5.2.1.                         North American Cyanate Ester Resins Market T&F, by Country (US$ Million and Million Lbs.)

5.2.1.1.                                   The USA: Cyanate Ester Resins Market T&F (US$ Million and Million Lbs.)

5.2.1.2.                                   Canada: Cyanate Ester Resins Market T&F (US$ Million and Million Lbs.)

5.2.1.3.                                   Mexico: Cyanate Ester Resins Market T&F (US$ Million and Million Lbs.)

5.2.2.                         North American Cyanate Ester Resins Market T&F, by Application (US$ Million and Million Lbs.)

5.2.3.                         North American Cyanate Ester Resins Market T&F, by End-Use Industry (US$ Million and Million Lbs.)

5.3.                European Cyanate Ester Resins Market Analysis

5.3.1.                         European Cyanate Ester Resins Market T&F, by Country (US$ Million and Million Lbs.)   

5.3.1.1.                                   Germany: Cyanate Ester Resins Market T&F (US$ Million and Million Lbs.)

5.3.1.2.                                   France: Cyanate Ester Resins Market T&F (US$ Million and Million Lbs.)

5.3.1.3.                                   The UK: Cyanate Ester Resins Market T&F (US$ Million and Million Lbs.)

5.3.1.4.                                   Russia: Cyanate Ester Resins Market T&F (US$ Million and Million Lbs.)

5.3.1.5.                                   Rest of Europe: Cyanate Ester Resins Market T&F (US$ Million and Million Lbs.)

5.3.2.                         European Cyanate Ester Resins Market T&F, by Application (US$ Million and Million Lbs.)

5.3.3.                         European Cyanate Ester Resins Market T&F, by End-Use Industry (US$ Million and Million Lbs.)

5.4.                Asia-Pacific’s Cyanate Ester Resins Market Analysis

5.4.1.                         Asia-Pacific’s Cyanate Ester Resins Market T&F, by Country (US$ Million and Million Lbs.)   

5.4.1.1.                                   China: Cyanate Ester Resins Market T&F (US$ Million and Million Lbs.)

5.4.1.2.                                   Japan: Cyanate Ester Resins Market T&F (US$ Million and Million Lbs.)

5.4.1.3.                                   India: Cyanate Ester Resins Market T&F (US$ Million and Million Lbs.)

5.4.1.4.                                   Rest of Asia-Pacific: Cyanate Ester Resins Market T&F (US$ Million and Million Lbs.)

5.4.2.                         Asia-Pacific’s Cyanate Ester Resins Market T&F, by Application (US$ Million and Million Lbs.)

5.4.3.                         Asia-Pacific’s Cyanate Ester Resins Market T&F, by End-Use Industry (US$ Million and Million Lbs.)

5.5.                Rest of the World’s (RoW) Cyanate Ester Resins Market Analysis

5.5.1.                         RoW’s Cyanate Ester Resins Market T&F, by Sub-Region (US$ Million and Million Lbs.)

5.5.1.1.                                   Latin America: Cyanate Ester Resins Market T&F (US$ Million and Million Lbs.)

5.5.1.2.                                   The Middle East: Cyanate Ester Resins Market T&F (US$ Million and Million Lbs.)

5.5.1.3.                                   Others: Cyanate Ester Resins Market T&F (US$ Million and Million Lbs.)

5.5.2.                         RoW’s Cyanate Ester Resins Market T&F, by Application (US$ Million and Million Lbs.)

5.5.3.                         RoW’s Cyanate Ester Resins Market T&F, by End-Use Industry (US$ Million and Million Lbs.)

6.       Competitive Analysis

6.1.                Strategic Insights

6.2.                Product Portfolio Analysis

6.3.                Presence by End-Use Industry

6.4.                Geographical Presence

6.5.                New Product Launches

6.6.                Strategic Alliances: Mergers and Acquisitions, Joint Ventures, Collaborations, etc.  

6.7.                Market Share Analysis

7.       Strategic Growth Opportunities

7.1.                Strategic Insights

7.2.                Market Attractive Analysis

7.2.1.                         Market Attractiveness by Application Type

7.2.2.                         Market Attractiveness by End-Use Industry Type

7.2.3.                         Market Attractiveness by Region

7.2.4.                         Market Attractiveness by Country

7.3.                Emerging Trends

7.4.                Growth Matrix Analysis

7.5.                Key Success Factors

8.       Company Profile of Key Players

8.1.                Argosy International Inc.

8.2.                Cytec Solvay Group

8.3.                Henkel AG & Company

8.4.                Hexcel Corporation

8.5.                Huntsman Corporation

8.6.                Lonza Group  

8.7.                TenCate Advanced Composites 



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