The Global Cyanate Ester Resins Market Growth Accelerated By Superior Properties Over Traditional Resins
Cyanate ester resins exhibit superior flame retardancy, radiation stability, moisture absorption and dielectric properties as compared to traditional resin systems such as bismaleimide and epoxy resins. They provide excellent strength and rigidity at high temperatures making them suitable for applications in electronics, aerospace and defense industries. The global cyanate ester resins market is estimated to be valued at US$ 211.8 Mn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increasing Demand from Aerospace Industry The global aerospace industry has been exhibiting significant growth over the past few years owing to rising passenger traffic and increasing defense budgets of major countries. Cyanate ester resins possess properties such as high heat resistance, excellent dimensional stability and moisture resistance making them ideal for manufactur...