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The global cyanate ester resins market is forecast to reach USD 504.7 Million by 2026, according to a new report by Reports and Data.
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Cyanate Ester Resins Market To Reach USD 504.7 Million By 2026
Market Summary Market Size – USD 211.9 Million in 2018, Market Growth - CAGR of 11.5%, Market Trends – Development of ultra-high temperature resistant (Tg 400ºC) cyanate ester resin. The global cyanate ester resins market is forecast to reach USD 504.7 Million by 2026, according to a new report by Reports and Data. Cyanate esters based on a bisphenol or novolac derivative are used in the production of resins. Cyanate ester resins have various applications in end-use industries such as aerospace & defense, automotive, electrical & electronics, and marine industries. These resins possess properties such as excellent strength and toughness, high-temperature resistance, better electrical properties, and lower moisture absorption. Further key findings from the report suggest • Bisphenol-based cyanate ester resin held a larger market share of 53.4% in the year 2018. Cyanate ester resins developed from bisphenol possess enhanced properties and are tougher in comparison to epoxy resins. Moreover, the curing process of bisphenol-based cyanate ester resin is easier than epoxy resins. • The composite segment is forecasted to grow with the highest CAGR of 11.8% during the forecast period. The growth is attributed to the usage of composites majorly in automobile, and aerospace & defense industries. www.reportsanddata.com
Market Summary Key Players: Argosy International, Novoset, Tencate Advanced Composites, Hexcel Corporation, Cytec Solvay Group, Henkel, Huntsman Corporation, Lonza, Koninklijke Ten Cate BV., and MITSUBISHI GAS CHEMICAL COMPANY, INC. among others. Segmentation: Product Type Outlook Bisphenol-based Novolac-based Application Outlook Composites Adhesives Others To get a free Sample Copy of the Report, please click @ https://www.reportsanddata.com/sample-enquiry-form/2038 www.reportsanddata.com
Market Summary End-Use Industry Outlook Aerospace & Defense Automotive Electrical & Electronics Others Regional Analysis: North America Europe Asia-Pacific Latin America Middle East and Africa To get the report at an Incredible Discount, Visit @ https://www.reportsanddata.com/discount-enquiry-form/2038 www.reportsanddata.com
The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com
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