A new report published by Transparency Market Research anticipates that the global cyanate ester resins market will grow significantly during the forecast period 2018-2026, owing to its wide range of explicit properties.
These properties of cyanate ester resins include heat resistance, high impact resistance, wet hot property, and good dielectric properties that are further increasing its applications across the industries.
According to the report, the cyanate ester resins are favored 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.
In terms of application, the cyanate ester resins market is segregated into Aerospace, Automotive & Transportation, Microelectronics and Others.
Composites offer numerous structural and weight advantages over traditional steel and injection molded automotive parts like 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%; thereby its fuel consumption as well. By using lightweight structural material, cars can carry additional advanced emission control systems, safety devices, and integrated electronic systems.
Cyanate ester resins are majorly consumed in the Asia Pacific since composite manufacturing is majorly concentrated in the region. North America and Europe also hold a substantial share of the cyanate ester resins market due to the increase in automobile production in Europe and the increase in aircraft component manufacturing in North America.
Key players operating in the cyanate ester resins market include Hexcel Corporation, Henkel AG & Co. KGaA and Lonza.
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