Global cyanate ester resin market is anticipated to grow at a CAGR of 11.2% during the forecast period (2024-2031). The exceptional strength-to-weight ratio and superior dielectric properties of cynate ester resin makes them suitable material for use in aerospace & defense industry. In aerospace & defense industry these resins are used in manufacturing of aircraft structures, missiles, and spacecraft.
Browse the full report description of “Cyanate Ester Resin Market Size, Share & Trends Analysis Report by Type (Bisphenol-Based, Novolac-Based, and others), by Application (Composites, Adhesives, Coatings, and Others), and by End-User (Aerospace & Defense, Electrical & electronics, Automotive, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/cyanate-ester-resin-market
According to the report of the Stockholm International Peace Research Institute (SIPRI), total global military expenditure reached $2.4 trillion in 2023, an increase of 6.8% in real terms from 2022. China, the second largest military spender globally, allocated an estimated $296.0 billion to the military in 2023, an increase of 6.0% from 2022. Japan allocated $50.2 billion to its military in 2023, which was 11.0 % more than in 2022. Taiwan’s military expenditure also grew by 11.0 % in 2023, reaching $16.6 billion. The growing defense spending by major governments globally is likely to drive the growth of the global cyanate ester resin market.
To meet the growing demand for cyanate easter resin from the aerospace & defense industry major players are focusing on innovative product launches. For instance, in November 2020, Airtech Advanced Materials Group launched Dahltram T-100GF resin, its first recycled-grade thermoplastic polymer resin for large-scale 3D printing. The material combines the power of recycled grade co-polyester resin with the strength of fiberglass reinforcement, making it suitable for various applications such as rapid prototyping, low-temperature molding, trimming tools, architectural structures, and casting patterns.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type
o By Application
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Cytec Solvay Group, Hexcel Corp., Huntsman International LLC, Toray Advanced Composites, and Mitsubishi Gas Chemical Company, Inc. among others.
Key questions addressed by the report.
Global Cyanate Ester Resin Market Report Segment
By Type
By Application
By End-User
Global Cyanate Ester Resin Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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