The analysts forecast the global cyanate ester resin market to grow at a CAGR of 11.45% during the period 2018-2022.
Cyanate ester resins are chemical substances, which are commonly produced using bisphenol A and cyanic acid. Good dielectric properties, easy processing, and high strength of cyanate ester resins enable their use in the aerospace and defense industry. These compounds are mainly used in adhesives and composites.
The report covers the present scenario and the growth prospects of the global cyanate ester resin market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
One trend in the market is rise in popularity of lightweight materials. Cyanate ester-based composite resin and adhesives are important products used in the aerospace and automobile industries as they help reduce the weight of the vehicles and aircraft.
One driver in the market is increase in demand for aircraft. Air travel is expected to gain traction during the forecast period, despite numerous challenges faced by the industry. Airlines are struggling with high jet fuel prices and sluggish economic growth.
The report states that one challenge in the market is volatility in crude oil prices. The volatility in the costs of petroleum-based raw materials and the increasing demand for cyanate ester resin products in emerging economies pose a challenge to the market growth. The prices of raw materials such as polymers, additives, and resins fluctuate due to their direct correlation with crude oil prices.
- Hexcel Corporation
- Huntsman International
- Koninklijke Ten Cate
Key Topics Covered:
01. Executive Summary
02. Scope Of The Report
03. Research Methodology
04. Market Landscape
05. Market Sizing
06. Five Forces Analysis
07. Market Segmentation By Application
08. Market Segmentation By End-User
09. Customer Landscape
10. Regional Landscape
11. Decision Framework
12. Drivers And Challenges
13. Market Trends
14. Vendor Landscape
15. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/sqzdcl/global_cyanate?w=4