Cyanate Ester Resin Market Growth & Trends:
The global cyanate ester resin market is anticipated to reach USD 722.15 million by 2030 and is projected to grow at a CAGR of 10.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is primarily driven by the increasing need for high-temperature resins in the aerospace and military industries, as well as the exceptional mechanical and thermal properties of cyanate ester resin.
Moreover, compared to other resins, cyanate ester offers superior strength and electrical characteristics. Furthermore, it performs exceptionally well in high-temperature environments. The rising demand for high-temperature resins from the aerospace and military industries, as well as rising need for fuel-efficient automobiles, are likely to drive market growth.
As recycling technologies advance, the global market adapts to integrate more recycled content into its products, contributing to a more circular and resource-efficient approach. Government policies and regulations supporting sustainable practices further bolster the demand for cyanate ester. The circular economy encourages the collection, separation, and reprocessing of cyanate ester products, diverting them from landfills.
Cyanate Ester Resin Market Report Highlights:
- Based on type, the bisphenol derivatives segment led the market with the largest revenue share of 52.68% in 2023. BPA-type cyanate esters offers high thermal stability, mechanical strength, and electrical properties, making them ideal for several applications in industries such as electronics, aerospace & defense, and automobiles
- Based on application, the composites segment is expected to grow at a significant CAGR of 10.5% over the forecast period
- Based on end-use, the aerospace & defense segment held the market with the largest revenue share of 43.50% in 2023. Cyanate esters are widely used in aerospace industry owing to its lightweight qualities and high strength
- The increasing emphasis on fuel efficiency and environmental sustainability is the key driver of the market growth
- Asia Pacific dominated the market with the revenue share of 28.28% in 2023. The expanding aerospace and electrical & electronics manufacturing industry in Asia Pacific is anticipated to drive the requirement for cyanate ester
- In January 2023, NEXX Technologies unveiled the Enduredge NTC-425, a vertically integrated cyanate ester prepreg technology. This novel prepreg resin solution is unique in the composites sector due to its vertical integration and shop temperature out-time of 90-100 days (<75EsF), resulting in lower costs
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Cyanate Ester Resin Market Variables, Trends & Scope
- 3.1. Global Cyanate Ester Resin Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Substitution Threat
- 3.6.4. Threat from New Entrant
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Social Landscape
- 3.7.4. Technological Landscape
- 3.7.5. Environmental Landscape
- 3.7.6. Legal Landscape
Chapter 4. Cyanate Ester Resin Market: Type Outlook Estimates & Forecasts
- 4.1. Cyanate Ester Resin Market: Material Movement Analysis, 2023 & 2030
- 4.2. Bisphenol derivatives
- 4.2.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 4.3. Novolac
- 4.3.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Others
- 4.4.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Cyanate Ester Resin Market: Application Outlook Estimates & Forecasts
- 5.1. Cyanate Ester Resin Market: Application Analysis, 2023 & 2030
- 5.2. Composites
- 5.2.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.3. Adhesives
- 5.3.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Coatings
- 5.4.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Other applications
- 5.5.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Cyanate Ester Resin Market: End-Use Outlook Estimates & Forecasts
- 6.1. Cyanate Ester Resin Market: System Movement Analysis, 2023 & 2030
- 6.2. Aerospace & Defense
- 6.2.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3. Electrical & electronics
- 6.3.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Automotive
- 6.4.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.5. Other end-use
- 6.5.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Cyanate Ester Resin Market Regional Outlook Estimates & Forecasts
- 7.1. Regional Snapshot
- 7.2. Cyanate Ester Resin Market: Regional Movement Analysis, 2023 & 2030
- 7.3. North America
- 7.3.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4. U.S.
- 7.3.4.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5. Canada
- 7.3.5.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6. Mexico
- 7.3.6.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4. Europe
- 7.4.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4. Germany
- 7.4.4.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5. France
- 7.4.5.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6. UK
- 7.4.6.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7. Italy
- 7.4.7.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5. Asia Pacific
- 7.5.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.4. China
- 7.5.4.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.4.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.4.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.5. Japan
- 7.5.5.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.5.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.5.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.6. India
- 7.5.6.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.6.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.6.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.6. Central & South America
- 7.6.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.4. Brazil
- 7.6.4.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.4.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.4.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.5. Argentina
- 7.6.5.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.5.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.5.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.7. Middle East & Africa
- 7.7.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.4. GCC Countries
- 7.7.4.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.4.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.4.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.5. South Africa
- 7.7.5.1. Market estimates and forecast, by type, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.5.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.5.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Ranking
- 8.4. Heat Map Analysis
- 8.5. Company Market Share Analysis, 2023
- 8.6. Market Strategies
- 8.7. Vendor Landscape
- 8.7.1. List of raw material suppliers, key manufacturers, and distributors
- 8.7.2. List of prospective end-users
- 8.8. Strategy Mapping
- 8.9. Company Profiles/Listing
- 8.9.1. Huntsman International LLC
- 8.9.1.1. Company Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Product Benchmarking
- 8.9.2. Arxada Ltd.
- 8.9.2.1. Company Overview
- 8.9.2.2. Financial Performance
- 8.9.2.3. Product Benchmarking
- 8.9.3. Toray Advanced Composites
- 8.9.3.1. Company Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Product Benchmarking
- 8.9.4. Hexcel Corporation
- 8.9.4.1. Company Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Product Benchmarking
- 8.9.5. MITSUBISHI GAS CHEMICAL COMPANY, INC
- 8.9.5.1. Company Overview
- 8.9.5.2. Financial Performance
- 8.9.5.3. Product Benchmarking
- 8.9.6. Henkel AG & Company
- 8.9.6.1. Company Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Product Benchmarking
- 8.9.7. Novoset, LLC
- 8.9.7.1. Company Overview
- 8.9.7.2. Financial Performance
- 8.9.7.3. Product Benchmarking
- 8.9.8. Solvay
- 8.9.8.1. Company Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Product Benchmarking
- 8.9.9. Syensqo
- 8.9.9.1. Company Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Product Benchmarking
- 8.9.10. TenCate Advanced Composites
- 8.9.10.1. Company Overview
- 8.9.10.2. Financial Performance
- 8.9.10.3. Product Benchmarking