Increasing demand for these products form the automotive and transportation industries is major factor projected to drive growth of the target market over the forecast period.
The global cyanate ester resins market report has been segmented on the basis of basis of resin type, end-use industries, and region.
On the basis of resin type, the global market has been segmented into composites, adhesives, and others. The composites segment is expected to account for major share in terms of revenue in the global cyanate ester resins market. The composites segment revenue is also anticipated to register highest CAGR over the forecast. Increasing demand for composites in wide range of applications in defense, aerospace, electronics, automobile, and other industries is major factor expected to drive revenue growth of the composites segment over the forecast period.
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On the basis of end-use industries, the global cyanate ester resins market has been segmented into automotive & transportation, aerospace, and electrical & electronics. The aerospace segment is expected to account for significant revenue share in the global market in terms of revenue. The aerospace segment revenue is also projected to register highest CAGR over the forecast.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America market is estimated to dominate with major revenue share in the global market in 2017. Asia Pacific market is projected to register highest CAGR in terms of revenue in the next 10 years, owing to increasing demand from automotive & transportation and aerospace in the countries in this region.
Key players operating in the global cyanate ester resins market include: Lonza, Huntsman Corporation, Henkel AG & Co. KGaA, Cytec Industries Inc. (Solvay Group), Hexcel Corporation, TenCate Advanced Composites USA, Inc., Novoset, LLC, and Argosy International Inc.
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