Cyanate Ester Resins Market Segmentation:
End-Use Industry Segment Analysis
The automotive segment is poised to hold 38% share of the cyanate ester resins market by the year 2035. The prospering automotive industry along with the rising preference for connected vehicles and autonomous cars and the rising demand for cyanate ester resins for efficient vehicles is predicted to bolster the segment value. It was estimated by 2025, there will be almost 470 million connected cars on the roads of the world.
As the usage of cyanate ester resins helps in reducing the overall weight of the vehicle and increasing the durability as compared with steel, the recent high demand for automobiles is anticipated to increase the demand for cyanate ester resins to provide extra protective layers to new vehicles.
Application Segment Analysis
The adhesives segment in the cyanate ester resins market is set to generate the largest revenue share of 45% in the year 2035. The primary reason for segment growth is the high versatility of ester resins in adhesives applications. It is used for a variety of applications including space crafts, aircraft, missiles, antennae, radomes, microelectronics, and microwave products.
Moreover, adhesives have been highly used in electronic products owing to their advantages which are considered to be another growth factor for segment expansion during the projected years.
Our in-depth analysis of the global market includes the following segments:
|
Type |
|
|
Application |
|
|
End Use Industry |
|
