Global Cyanate Ester Market Overview:
Cyanate ester is used in variouss industrial applications like adhesive, coating, composites, etc where adhesion is need between the chemical and surface. It is the kind of chemical substance used as a coupling agent. The cyanate ester has toughness, strength, and other electrical and mechanical properties, this belongs to the thermosetting resin family used in many applications. The cyanate ester can be bisphenol-based and novolac-based.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Consumption of Cyanate Ester in Electronic Products and Rising Use of Cyanate Ester in Aircraft and Space Structures
Market Growth Drivers:
Demand for Strength and Toughness Like Properties in the Various Industrial Application and Growing Need for Adhesives in Industries
Challenges:
Handling Related Issues with Cyanate Ester
Restraints:
Stringent Regulatory Compliances with Cyanate Ester Market
Opportunities:
Continuous Research and Development on Thermosetting Resins will Boost the Cyanate Ester Market
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Huntsman Corporation (United States), Lonza (Switzerland), Toray Advanced Composites (Netherlands), Koninklijke Ten Cate B.V. (Netherlands), Cytec Industries Incorporated (Solvay) (United States), Hexcel Corporation (United States), Nexa3D Inc. (United States), Evonik Industries AG (Germany), Mitsui Chemicals, Inc. (Japan) and Jinan Jinyu Chemical Co., Ltd. (China). Analyst at AMA Research see United States Vendors to retain maximum share of Global Cyanate Ester market by 2028. Considering Market by Form, the sub-segment i.e. Solid will boost the Cyanate Ester market.
Latest Market Insights:
In September 2022, Kanto Chemical Co., Inc. (Kanto Chemical) and DIC Corporation (DIC) have announced a partnership to develop and commercialize CE resins for automotive applications. The partnership will combine Kanto Chemical's expertise in CE resin synthesis with DIC's expertise in resin formulation and application to develop new resins that meet the demanding requirements of the automotive industry.
In June 2023, Mitsubishi Chemical Corporation (MCC) and Sumitomo Chemical Company, Limited (SCC) have announced a partnership to develop next-generation cyanate ester (CE) resins. The partnership will combine the two companies' expertise in CE technology to develop new resins with improved properties for a wide range of applications, including electronics, aerospace, and automotive.
What Can be Explored with the Cyanate Ester Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cyanate Ester Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cyanate Ester
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cyanate Ester market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cyanate Ester market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Cyanate Ester Producers, Cyanate Ester Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.