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Global Cyanate Ester Resin Market 2018-2022 | 11% CAGR Projection Over the Next Four Years | Technavio

LONDON–(BUSINESS WIRE)–#Research–The global cyanate ester resin market is expected to post a CAGR of over 11%
during the period 2018-2022, according to the latest market research
report by Technavio.


A key factor driving the growth of the market is the increase in demand
for aircraft. Air travel is expected to gain traction during the
forecast period, despite several challenges faced by the industry.
Airlines are struggling with high jet fuel prices and sluggish economic
growth. The introduction of cost-effective carriers and regional
airlines has revolutionized the airline business with the introduction
of innovative low-fare business models. The high global aviation demand
is driven by the rising affluence of the middle-class population in
emerging markets.

This market research report on the global
cyanate ester resin market 2018-2022
also provides an analysis
of the most important trends expected to impact the market outlook
during the forecast period. Technavio classifies an emerging trend as a
major factor that has the potential to significantly impact the market
and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

In this report, Technavio highlights the increased demand from emerging
economies as one of the key trends in the global cyanate ester resin
market:

Global cyanate ester resin market: Increased
demand from emerging economies

The global cyanate ester resin market is witnessing high growth
opportunities in emerging economies such as APAC, the Middle East and
Africa, and South America. The market has witnessed a shift in the
operation facilities of various companies in these regions, especially
APAC, driven by the availability of cost-effective manpower, less
stringent government norms, and low transportation cost in these
countries.

“In countries such as China, South Korea, India, and Brazil, the
demand for cyanate ester resin products has witnessed a surge from
end-user industries such as aerospace and defense and electrical and
electronics. APAC is one of the leading producers of automobiles and
contributed to the high demand with the highest contributions from India
and China,” says a senior analyst at Technavio for research on
specialty chemicals.

Global cyanate ester resin market: Segmentation
analysis

This market research report segments the global cyanate ester resin
market by end-user (aerospace and defense and electrical and
electronics) and geographical regions (APAC, EMEA, and the Americas).

The aerospace and defense segment held the largest market share in 2017,
accounting for nearly 64% of the market. This end-user segment is
expected to dominate the global market throughout the forecast period.

The Americas led the market in 2017 with nearly 40% of the market share.
The market share occupied by this region is anticipated to decrease
during 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

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is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
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