Global Cyanate Ester Resins Market to Reach $473.7 Million by 2027
Amid the COVID-19 crisis, the global market for Cyanate Ester Resins estimated at US$237.7 Million in the year 2020, is projected to reach a revised size of US$473.7 Million by 2027, growing at a CAGR of 10.4% over the analysis period 2020-2027. Aerospace & Defense, one of the segments analyzed in the report, is projected to record a 11.2% CAGR and reach US$333.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electrical & Electronics segment is readjusted to a revised 9.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $64.2 Million, While China is Forecast to Grow at 13.9% CAGR
The Cyanate Ester Resins market in the U.S. is estimated at US$64.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$102.1 Million by the year 2027 trailing a CAGR of 13.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR.
Other End-Uses Segment to Record 7% CAGR
In the global Other End-Uses segment, USA, Canada, Japan, China and Europe will drive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$20.8 Million in the year 2020 will reach a projected size of US$32.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$68.3 Million by the year 2027, while Latin America will expand at a 8.3% CAGR through the analysis period.
Select Competitors (Total 47 Featured):
Amid the COVID-19 crisis, the global market for Cyanate Ester Resins estimated at US$237.7 Million in the year 2020, is projected to reach a revised size of US$473.7 Million by 2027, growing at a CAGR of 10.4% over the analysis period 2020-2027. Aerospace & Defense, one of the segments analyzed in the report, is projected to record a 11.2% CAGR and reach US$333.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electrical & Electronics segment is readjusted to a revised 9.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $64.2 Million, While China is Forecast to Grow at 13.9% CAGR
The Cyanate Ester Resins market in the U.S. is estimated at US$64.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$102.1 Million by the year 2027 trailing a CAGR of 13.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR.
Other End-Uses Segment to Record 7% CAGR
In the global Other End-Uses segment, USA, Canada, Japan, China and Europe will drive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$20.8 Million in the year 2020 will reach a projected size of US$32.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$68.3 Million by the year 2027, while Latin America will expand at a 8.3% CAGR through the analysis period.
Select Competitors (Total 47 Featured):
- Argosy International Inc.
- Cytec Solvay Group
- Henkel AG & Co. KGaA
- Hexcel Corporation
- Huntsman Corporation
- Lonza Group AG
- Novoset LLC
- Tencate Advanced Composites
Frequently Asked Questions about the Global Market for Cyanate Ester Resins
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
III. MARKET ANALYSIS
IV. COMPETITION
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 47
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