Global Cyanate Ester Resins Market: Overview

Cyanate ester resins offer exceptional toughness and strength with improved electrical properties. They also offer lower moisture absorption compared to other resins. Cyanate ester resins provide high performance even at high temperature. Their performance is often compared to that of bismaleimide and polyimide resins. Cyanate ester resins are used in a varied range of applications including aircraft, spacecraft, antennae, missiles, microwave products, and microelectronics. Cyanate esters are formed through the reaction of cyanic acid and bisphenol esters. This reaction forms cyclotrimerize to further produce triazine rings during a second cure. Cyanate ester resins are preferred since they are more easily cured during the reaction compared to other epoxies. Toughness and strength of cyanate ester resins can be augmented by adding spherical rubber particles or thermoplastics. Many competitive properties of the cyanate ester resins matrix are inherited by composite materials produced from it. Various characteristics of cyanate ester resins such as heat resistance, high impact resistance, wet hot property, and good dielectric properties are preserved in composites made from cyanate ester resins.

Cyanate Ester Resins Market: Drivers and Restraints

Production of automotive has increased by 15% since 2010. Focus on reduction of vehicle weight to reduce CO2 emissions has been a key trend in the industry. Automotive manufacturers and OEMs are constantly seeking innovative materials to curb vehicle weight and achieve fuel efficiency and carbon emission targets owing to the implementation of stringent environmental norms and government regulations. Global production of light vehicles increased to 50 million in 2015 from approximately 35 million in 2010, significantly boosting the development and consumption of advanced materials such as composites to partially replace traditional materials such as steel. Cyanate ester resins are thermoset resins used to manufacture composites. These composites offer several structural and weight advantages over traditional steel and injection molded automotive parts. They are used as raw materials to manufacture various structural, interior, exterior, and other automobile components, aircraft components, etc. Cyanate ester resins offer high stiffness, tensile strength, temperature tolerance, and low weight and thermal expansion. Thus, they are preferred by component manufacturers. Therefore, rise in demand for composite materials in various end-use industries is expected to drive the cyanate ester resins market.

Cyanate Ester Resins Market: Segmentation

Based on application, the cyanate ester resins market can be segmented into:

  • Automotive & Transportation
  • Aerospace
  • Microelectronics
  • Others

Composites offer many structural and weight advantages over traditional steel and injection molded automotive parts such as cost & weight reduction and recyclability. Advanced materials play an important role in boosting the fuel economy of modern automobiles, while maintaining safety and performance. A 10% reduction in vehicle weight can result in 6%–8% improvement in fuel economy. Replacing cast iron and traditional steel components with lightweight materials such as carbon and glass fiber polymer composites can directly lower the weight of a vehicle’s body and chassis by up to 50% and thereby its fuel consumption. By using lightweight structural material, cars can carry additional advanced emission control systems, safety devices, and integrated electronic systems.

Regional Cyanate Ester Resins Market Analysis

Cyanate ester resins are primarily consumed in Asia Pacific, since composite manufacturing is majorly concentrated in the region. North America and Europe also hold significant share of the cyanate ester resins market owing to the rise in automobile production in Europe and increase in aircraft component manufacturing in North America.

Cyanate Ester Resins Market: Key Players

Key players operating in the cyanate ester resins market include:

  • Hexcel Corporation
  • Henkel AG & Co. KGaA
  • Lonza 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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