Aerospace and defense to contribute largest market share in the cyanate ester resin market

The global cyanate ester resin market to register an incremental growth of USD 173.80 million, witnessing a CAGR of almost 11% during 2020-2024, according to the latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the cyanate ester resin market in optimistic, probable, and pessimistic forecast scenarios.

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Technavio has announced its latest market research report titled Global Cyanate Ester Resin Market 2020-2024 (Graphic: Business Wire)

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The cyanate ester resin market will witness a Neutral and At par impact during the forecast period owing to the extensive rise of the COVID-19 pandemic. Furthermore, as per Technavio’s pandemic-focused research highlights, the market growth is likely to Increase compared to 2019.

Cyanate Ester Resin Market 2020-2024: Vendor Analysis

The market is Concentrated. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. With rapidly shifting focus toward creating a digital marketplace to provide a convenient platform for stakeholders in the supply chain, several companies in the market are resorting to move their businesses online along with existing brick-and-mortar channels.

Major Cyanate Ester Resin market participants are

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Cyanate Ester Resin Market 2020-2024: Segmentation

Cyanate Ester Resin Market is segmented as below:

Aerospace and defense will account for the largest share. Cyanate ester resins are commonly used as functional materials in the aerospace industry, especially for manufacturing aircraft radomes. They are also used to produce the internal and external components of airliners. The superior properties of cyanate ester resin are expected to boost their demand in the aerospace and defense sector.

  • Geography

    • APAC

    • Europe

    • North America

    • South America

    • MEA

APAC region will account for the highest incremental growth during the forecast period due to the factors such as the rapid growth of end-user industries, including aerospace and defense and automotive, and the rising population in APAC, along with the increase in disposable income.

The cyanate ester resin market is driven by an increase in demand for aircraft and increased demand from emerging economies, as per Technavio’s pandemic impact-focused research study. Furthermore, Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, and significant developments in vendor operations and government regulations in the Materials industry.

For gaining more insights about the impact of COVID-19 pandemic on related reports, check out Technavio’s Materials section

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior

  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds

  • Pre- as well as post-COVID-19 market estimates

  • Quarterly impact analysis and updates on market estimates

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Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

Five Forces Analysis

Market Segmentation by End-user

  • Market segments

  • Comparison by End user

  • Aerospace and defense – Market size and forecast 2019-2024

  • Electrical and electronics – Market size and forecast 2019-2024

  • Others – Market size and forecast 2019-2024

  • Market opportunity by End user

Market segmentation by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America – Market size and forecast 2019-2024

  • Europe – Market size and forecast 2019-2024

  • APAC – Market size and forecast 2019-2024

  • South America – Market size and forecast 2019-2024

  • MEA – Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Argosy International Inc.

  • Gurit Holding AG

  • Henkel AG & Co. KGaA

  • Hexcel Corp.

  • Huntsman Corp.

  • Lonza Group Ltd.

  • Mitsubishi Gas Chemical Co. Inc.

  • Novoset LLC

  • Solvay SA

  • Toray TCAC Holding BV


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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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