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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) - Global Forecast to 2022

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Date: 24-May-2018
No. of pages: 131
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“Cyanate ester resin market to grow at a CAGR of 11.7%, in terms of value (2017-2022)”

The global cyanate ester resin market is projected to grow from USD 195.2 million in 2017 to reach USD 338.8million by 2022, at a CAGR of 11.7% between 2017 and 2022. The increasing demand for high temperature resins from the aerospace & defense industry is one of the major drivers for the cyanate ester resin market. This increasing demand is due to their use in various structural thermo set composites parts used in Boing and Airbus aircraft and the increasing demand for fuel efficient vehicles. On the other hand, issues related to recyclability, remold ability, and testing of cyanate ester resinsas well as the high manufacturing cost are restraining the demand in mass production applications such as in automotive and wind energy industries. High R&D cost and reducing the curing time while composite manufacturing are some of the challenges for the market.

“Composites expected to be the largest application segment during the forecast period”

Composites is estimated to be the largest application segment in the global cyanate ester resins market during the forecast period, in terms of value and volume. In the composites application, cyanate ester resins are used to enhance the properties of composites. Composites are majorly used in aerospace & defense and automotive industries. The novel properties of cyanate ester resins are favored in specialty applications. Cyanate ester resins are in demand because of their properties such as low dielectric constant, high strength, easy process ability, and durability. The growth of the aerospace & defense industry is driving the composites segment.

“North America is the largest and APAC is projected to be the fastest-growing cyanate ester resin market during the forecast period”

North America is projected to be the largest market for cyanate ester resins and is expected to grow at a high CAGR, in terms of value, during the forecast period. However, APAC is projected to be the fastest-growing cyanate ester resin market. Cyanate ester resins provide corrosion resistance, durability, good thermal insulation, and low maintenance. These properties have increased the use of cyanate ester resin in the Asia Pacific region for various applications. Rapidly increasing population and the rise in defense spending are driving the aerospace & defense industry in the APAC, which is expected boost the cyanate ester resin market during forecast period.
Extensive primary interviews were conducted to determine and verify the market size for several segments and sub segments gathered through secondary research.

The break-up of primary interviews is given below:


  • By Company Type: Tier 1 – 50%, Tier 2 – 37%, and Others – 13%

  • By Designation: C Level – 46%, Director Level – 31%, and Others – 23%

  • By Region: North America – 33%, Europe – 28%, Asia Pacific – 22%,South America– 11%, and the Middle East& Africa – 6%


The companies profiled in this market research report are Lonza (Switzerland), Huntsman (US), Cytec Solvay Group (US), Henkel (Germany), Tencate Advanced Composites (Netherlands), and others.

Research Coverage:

This research report categorizes the global cyanate ester resins market on the basis of end-use industry, application, and region. The report includes detailed information regarding major factors influencing the growth of the global cyanate ester resins market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of key industry players has been done to provide insights on business overviews, products & services, key strategies, investments & expansions, mergers & acquisitions, and other recent developments associated with the market.

Reasons to Buy the Report:

The report will help market leaders/new entrants in this market in the following ways:


  • This report segments the global cyanate ester resins market comprehensively and provides the closest approximations of market sizes for the overall market and its sub segments across regions.

  • The report will help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

  • This report would help stakeholders understand their competitors better and gain insights to enhance their position in the market. The competitive landscape section includes the new product developments and mergers &acquisitions in the 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) - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Cyanate Ester Resin Market Size By 2022, in Terms of Value
4.2 Cyanate Ester Resin End Use Industry Market–By Region
4.3 Cyanate Ester Resin Market By Key End-Use Industry and Region
4.4 Cyanate Ester Resin Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for High Temperature Resins in Aerospace & Defense Industry
5.2.1.2 Excellent Mechanical and Fst Properties of Cyanate-Ester Resin
5.2.2 Restraints
5.2.2.1 High Processing and Manufacturing Cost
5.2.2.2 Issues Related to Recyclability
5.2.3 Opportunities
5.2.3.1 Potential Opportunities in New Applications
5.2.3.2 Growing Demand From Emerging Markets
5.2.4 Challenges
5.2.4.1 High Cost of Cyanate Ester Resins Compared to Other Resins
5.2.4.2 to Reduce the Cycle Time of Thermoset Composites Part Manufacturing
5.2.4.3 Rise in the Prices of Cyanate Ester Resin Raw Materials

6 Cyanate Ester Resin Market, By Application
6.1 Introduction
6.2 Composites
6.3 Adhesives
6.4 Others

7 Cyanate Ester Resin Market, By End-Use Industry
7.1 Introduction
7.2 Aerospace & Defense
7.3 Electronics & Electrical Industry
7.4 Others

8 Cyanate Ester Resin Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.1 Russia
8.3.2 UK
8.3.3 France
8.3.4 Rest of Europe
8.4 APAC
8.4.1 China
8.4.2 Japan
8.4.3 South Korea
8.4.4 India
8.4.5 Rest of APAC
8.5 South America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Rest of South America
8.6 ME&A
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Rest of ME&A

9 Competitive Landscape
9.1 Introduction
9.2 Market Ranking
9.2.1 Lonza
9.2.2 Huntsman
9.2.3 Henkel
9.2.4 Cytec Solvay Group

10 Company Profiles
10.1 Huntsman
10.1.1 Business Overview
10.1.2 Products Offered
10.1.3 SWOT Analysis
10.1.4 Huntsman Corporation: SWOT Analysis
10.1.5 MnM View
10.2 Henkel
10.2.1 Business Overview
10.2.2 Products Offered
10.2.3 SWOT Analysis
10.2.4 MnM View
10.3 Hexcel Corporation
10.3.1 Business Overview
10.3.2 Products Offered
10.3.3 SWOT Analysis
10.3.4 MnM View
10.4 Tencate Advanced Composites
10.4.1 Business Overview
10.4.2 Products Offered
10.5 Cytec Solvay Group
10.5.1 Business Overview
10.5.2 Products Offered
10.5.3 Recent Developments
10.5.4 SWOT Analysis
10.5.5 MnM View
10.6 Lonza
10.6.1 Business Overview
10.6.2 Products Offered
10.6.3 SWOT Analysis
10.6.4 MnM View
10.7 Henkel
10.7.1 Business Overview
10.7.2 Products Offered
10.8 Novoset
10.8.1 Business Overview
10.8.2 Products Offered
10.9 Argosy International
10.9.1 Business Overview
10.9.2 Products Offered

11 Appendix
11.1 Insights From Industry Experts
11.2 Discussion Guide
11.3 Introducing RT: Real-Time Market Intelligence
11.4 Available Customizations
11.5 Related Reports

List of Tables

Table 1 Cyanate Ester Resin Market Size, By Application, 2014–2021 (Ton)
Table 2 Cyanate Ester Resin Market Size, By Application, 2015–2022 (USD Thousand)
Table 3 Cyanate Ester Resin Market Size in Composites, By Region, 2015–2022 (Ton)
Table 4 Cyanate Ester Resin Market Size in Composites, By Region, 2015–2022 (USD Thousand)
Table 5 Cyanate Ester Resin Market Size in Adhesives Application, By Region, 2015–2022 (Ton)
Table 6 Cyanate Ester Resin Market Size in Adhesives Application, By Region, 2015–2022 (USD Thousand)
Table 7 Cyanate Ester Resin Market Size in Other Applications, By Region, 2015–2022 (Ton)
Table 8 Cyanate Ester Resin Market Size in Other Applications, By Region, 2015–2022 (USD Thousand)
Table 9 Cyanate Ester Resin Market Size, By End-Use Industry, 2016–2022 (Ton)
Table 10 Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 11 Cyanate Ester Resin Market Size in Aerospace & Defense Industry, By Region, 2015–2022 (Ton)
Table 12 Cyanate Ester Resin Market Size in Aerospace & Defense Industry, By Region, 2014–2021 (USD Thousand)
Table 13 Cyanate Ester Resin Market Size in Electronics Industry, By Region, 2015–2022 (Ton)
Table 14 Cyanate Ester Resin Market Size in Electronics Industry, By Region, 2015–2022 (USD Thousand)
Table 15 Cyanate Ester Resin Market Size in Other Industry, By Region, 2015–2022 (Ton)
Table 16 Cyanate Ester Resin Market Size in Other Industry, By Region, 2015–2022 (USD Thousand)
Table 17 Cyanate Ester Resin Market Size, By Region, 2015–2022 (Ton)
Table 18 Cyanate Ester Resin Market Size, By Region, 2015–2022 (USD Thousand)
Table 19 North America: Cyanate Ester Resin Market Size, By Country, 2015–2022 (Ton)
Table 20 North America: Cyanate Ester Resin Market Size, By Country, 2015–2022 (USD Thousand)
Table 21 North America: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 22 North America: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 23 North America: Cyanate Ester Resin Market Size, By Application, 2015–2022 (Ton)
Table 24 North America: Cyanate Ester Resin Market Size, By Application, 2015–2022 (USD Thousand)
Table 25 US: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 26 Canada: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 27 Canada: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 28 Canada: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 29 Mexico: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 30 Mexico: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 31 Europe: Cyanate Ester Resin Market Size, By Country, 2015–2022 (Ton)
Table 32 Europe: Cyanate Ester Resin Market Size, By Country, 2015–2022 (USD Thousand)
Table 33 Europe: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 34 Europe: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 35 Europe: Cyanate Ester Resin Market Size, By Application, 2015–2022 (Ton)
Table 36 Europe: Cyanate Ester Resin Market Size, By Application, 2015–2022 (USD Thousand)
Table 37 Germany: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 38 Germany: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 39 Russia: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 40 Russia: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 41 UK: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 42 UK: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 43 France: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 44 France: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 45 Rest of Europe: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 46 Rest of Europe: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 47 APAC: Cyanate Ester Resin Market Size, By Country, 2015–2022 (Ton)
Table 48 APAC: Cyanate Ester Resin Market Size, By Country, 2015–2022 (USD Thousand)
Table 49 APAC: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 50 APAC: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 51 APAC: Cyanate Ester Resin Market Size, By Application, 2015–2022 (Ton)
Table 52 APAC: Cyanate Ester Resin Market Size, By Application, 2015–2022 (USD Thousand)
Table 53 China: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 54 China: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 55 Japan: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 56 Japan: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 57 South Korea: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 58 South Korea: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 59 India: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 60 India: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 61 Rest of APAC: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 62 Rest of APAC: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 63 South America: Cyanate Ester Resin Market Size, By Country, 2015–2022 (Ton)
Table 64 South America: Cyanate Ester Resin Market Size, By Country, 2015–2022 (USD Thousand)
Table 65 South America: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 66 South America: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 67 South America: Cyanate Ester Resin Market Size, By Resin Type, 2015–2022 (Ton)
Table 68 South America: Cyanate Ester Resin Market Size, By Resin Type, 2015–2022 (USD Thousand)
Table 69 Brazil: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 70 Brazil: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 71 Argentina: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 72 Argentina: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 73 Rest Ofsouth America: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 74 Rest of South America: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 75 ME&A: Cyanate Ester Resin Market Size, By Country, 2015–2022 (Ton)
Table 76 ME&A: Cyanate Ester Resin Market Size, By Country, 2015–2022 (USD Thousand)
Table 77 ME&A: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 78 ME&A: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 79 ME&A: Cyanate Ester Resin Market Size, By Application, 2015–2022 (Ton)
Table 80 ME&A: Cyanate Ester Resin Market Size, By Application, 2015–2022 (USD Thousand)
Table 81 Saudi Arabia: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 82 Saudi Arabia: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 83 UAE: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 84 UAE: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 85 Rest of ME&A: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 86 Rest of ME&A: Cyanate Ester Resin Market Size, By End-Use Industry, 2015–2022 (USD Thousand)
Table 87 Market Ranking of Cyanate Ester Resin Players, 2016

List of Figures

Figure 1 Cyanate Ester Resin: Market Segmentation
Figure 2 Cyanate Ester Resin Market: Research Design
Figure 3 Key Industry Insights
Figure 4 Breakdown of Primary Interviews
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Adeospace & Defense End-Use Industry to Drive the Cyanate Ester Resin Market During the Forecast Period
Figure 9 Composites to Capture the Largest Share During the Forecast Period
Figure 10 North America Dominated the Aerospace & Defense Market in 2016
Figure 11 North Amrica to Dominated the Cyanate Ester Resins Market, in Terms of Value in 2016
Figure 12 Attractive Market Opportunities in the Cyanate Ester Resin Market, 2017–2022
Figure 13 Aerospace & Defense to Lead the Cyanate Esetr Resin Market in 2016
Figure 14 US Dominated the Cyanate Ester Resin Market in North America in 2016
Figure 15 India to Grow at A Higher Rate in the Global Cyanate Ester Resin Market, During the Forecasted Period
Figure 16 Drivers, Restraints, Opportunities, and Challenges in the Cyanate Ester Resin Chemicals Market
Figure 17 Porter’s Five Forces Analysis
Figure 18 North America to Dominate the Cyanate Ester Resin Market in the Composite Application
Figure 19 APAC is Projected to Be the Fastest Growing Region for Adhesives Application of Cyanate Ester Resin
Figure 20 North America to Dominate the Cyanate Ester Resin Market in the Other Application
Figure 21 Aerospace & Defense to Be the Largest and Fastest-Growing End-Use Industry Segment of the Cyanate Ester Resin
Figure 22 North America to Dominate the Cyanate Ester Resin Market in the Aerospace & Defense Industry
Figure 23 North America to Dominate the Cyanate Ester Resin Market in the Electronics & Electricals Industry
Figure 24 North America to Lead the Other End-Use Industry in the Cyanate Ester Resin Market
Figure 25 India to Grow Fastest in the Cyanate Ester Resin Market, 2017–2022
Figure 26 Cyanate Ester Resin Market Snapshot: US is the Most Lucrative Market in North America
Figure 27 Cyanate Ester Resin Market Snapshot: Germany is the Fastest-Growing Market in Europe
Figure 28 Companies Adopted Merger & Acquisition as the Key Growth Strategy
Figure 29 Huntsman: Company Snapshot
Figure 30 Henkel: Company Snapshot
Figure 31 Hexcel Corporation: Company Snapshot
Figure 32 Hexcel Corporation: SWOT Analysis
Figure 33 Tencate Advanced Composites: Company Snapshot
Figure 34 Cytec Solvay Group: Company Snapshot
Figure 35 Cytec Solvay Group: SWOT Analysis
Figure 36 Lonza: Company Snapshot
Figure 37 Lonza: SWOT Analysis
Figure 38 Henkel: Company Snapshot
Figure 39 Novoset: Company Snapshot
Figure 40 Argosy International: Company Snapshot

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