Market Size of Cyanate Ester Resin Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cyanate Ester Resin Market Analysis
The market for cyanate ester resin is expected to grow at a CAGR greater than 5% globally during the forecast period. Growing demand for the composites from the aerospace & defense industry and superior characteristics compared to other resins are driving the market growth. On the flip side, higher production costs coupled with unfavorable 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 defense industry.
- Asia-Pacific region dominates the market across the globe with the largest consumption from countries such as India and China.
