Cyanate Ester Resin Market Size-Share 2021, Analysis by Manufacturers, Competitive Landscape, Future Growth, Strategy and Forecast to 2027 -Huntsman, Lonza, Techia Corporation, TenCate

The Cyanate Ester Resin Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Cyanate Ester Resin Market Size is Projected to Reach a CAGR of 12% during 2021-2027.

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Market Overview:

Growing demand for composites from the aerospace & defence industry and superior characteristics compared to other resins are driving the market growth. On the flip side, higher production costs coupled with unfavourable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

The cyanate ester resin market is expected to grow during the forecast period owing to the growing demand from the defence industry.
Asia-Pacific region dominates the market across the globe with the largest consumption from countries such as India and China.

Top Leading Companies:

Huntsman, Lonza, Techia Corporation, TenCate, Cytec, Hexcel, Jiangdu Maida Group

Recent Development:

Huntsman has acquired 16 companies, including 5 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 5 assets. Huntsman’s largest acquisition to date was in 1999 when it acquired Huntsman s European Chemicals and Polymers Business for $2.6B. Its largest disclosed sale occurred in 2019 when it sold Huntsman - Integrated Oxides & Derivatives Business to Indorama Ventures Public for $2.1B. Huntsman has acquired in 5 different US states, and 9 countries. The Company’s most targeted sectors include chemicals (75%) and apparel/textiles (7%).

Lonza Group AG has acquired 12 companies, including 4 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 3 assets. Lonza Group AG’s largest acquisition to date was in 2016 when it acquired Capsugel Belgium NV for $5.5B. Its largest disclosed sale occurred in 2021 when it sold Lonza Specialty Ingredients to Bain Capital Private Equity for $4.4B. Lonza Group AG has acquired in 6 different US states, and 5 countries. The Company’s most targeted sectors include life science (55%) and chemicals (19%).

Cyanate Ester Resin Market Segmentation by Type:

Bisphenol-Based Cyanate Ester Resin
Novolac-Based Cyanate Ester Resin
Others

Cyanate Ester Resin Market Segmentation by Application:

Aircraft and Space Structures
Electronics
Others

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Asia-Pacific Region to Dominate the Market
Asia-Pacific region is expected to dominate the market for cyanate ester resin during the forecast period as a result of the increase in demand from transportation, aerospace & defence industries in countries like India and China.
The increasing use of lightweight composites in aerospace and defence aircraft is expected to drive the market for cyanate ester resin because of their excellent strength, durability, stiffness, and resistance to heat and high temperatures.
China has allocated about USD 177.5 billion for the defence sector for the financial year 2019-20. However, the Stockholm International Peace Research Institute (SIPRI) estimates that the original China defence funding is around USD 250 million. Moreover, China’s defence budget constitutes about 48% of total Asia’s expenditure in defence.
In the union budget 2019-20, India allocated about USD 61.96 billion for the developments in the defence sector. The increase in investments in the defence sector from India and China is expected to drive market growth during the forecast period.

Regional Cyanate Ester Resin Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Cyanate Ester Resin Market Report:

Detailed overview of Cyanate Ester Resin Market
Changing the Cyanate Ester Resin market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Cyanate Ester Resin market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Cyanate Ester Resin Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Cyanate Ester Resin Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Cyanate Ester Resin industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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