Lucintel Forecasts the Global Cyanate Ester Resin Market to Reach $541 million by 2030
Lucintel Forecasts the Global Cyanate Ester Resin Market to Reach $541 million by 2030
Blog Article
According to a market report by Lucintel, the future of the global cyanate ester resin market looks promising with opportunities in the aerospace & defense, electrical & electronics, automotive, and marine markets. The global cyanate ester resin market is expected to reach an estimated $541 million by 2030 from $360.1 million in 2023, at a CAGR of 6% from 2024 to 2030. The major drivers for this market are increasing demand of high temperature cyanate ester resin in thermoset composite for structural parts in aerospace and defense industry and excellent properties such as low dielectric constant, low moisture absorption, heat resistance, and fire resistance as compare to epoxy and bmi.
A more than 150-page report to understand trends, opportunity and forecast in cyanate ester resin market to 2030 by product type (bisphenol-based cyanate ester resin and novolac-based cyanate ester resin), application (printed circuit boards, radomes, aerospace engine & structural parts, and others), end use industry (aerospace & defense, electrical & electronics, automotive , marine, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that aerospace & defense will remain the largest segment over the forecast period.
Within this market, novolac-based cyanate ester resin will remain the larger segment.
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Huntsman Corporation, Lonza Group AG, Mitsubishi Gas Chemical Company, Koninklijke Ten Cate bv are the major suppliers in the cyanate ester resin market.
This unique 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 write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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