PUBLISHER: Grand View Research | PRODUCT CODE: 1475007
PUBLISHER: Grand View Research | PRODUCT CODE: 1475007
The global cyanate ester resin market is anticipated to reach USD 722.15 million by 2030 and is projected to grow at a CAGR of 10.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is primarily driven by the increasing need for high-temperature resins in the aerospace and military industries, as well as the exceptional mechanical and thermal properties of cyanate ester resin.
Moreover, compared to other resins, cyanate ester offers superior strength and electrical characteristics. Furthermore, it performs exceptionally well in high-temperature environments. The rising demand for high-temperature resins from the aerospace and military industries, as well as rising need for fuel-efficient automobiles, are likely to drive market growth.
As recycling technologies advance, the global market adapts to integrate more recycled content into its products, contributing to a more circular and resource-efficient approach. Government policies and regulations supporting sustainable practices further bolster the demand for cyanate ester. The circular economy encourages the collection, separation, and reprocessing of cyanate ester products, diverting them from landfills.