Market News
Recent Developments
New product launches
- In March 2022, Huntsman Corporation, an American multinational manufacturer and marketer of chemical products for consumers and industrial customers, launched Araldite LY 1568, a new cyanate ester resin system that is designed for composites used in aviation and space applications. The ultra-low CTE resin provides superior dimensional stability. . Huntsman Corporation manufactures assorted polyurethanes, performance products, and adhesives for customers like BMW, GE, Chevron, Procter & Gamble, Unilever and Walkaroo.
- In January 2021, Lonza, a Sweden based multinational manufacturing company for the pharmaceutical, biotechnology and nutrition sectors, launched Primaset PT-30 cyanate ester resin to enable lightweight composites for 5G infrastructure and electric vehicles. It provides excellent dielectric properties and heat resistance.
- In April 2020, Hexcel Corporation, a U.S. based public industrial materials company introduced HexPly M9.6, a novel prepreg with cyanate ester resin by offering a 30% weight reduction versus legacy aerospace prepregs. It enables faster processing and cost savings The company develops and manufactures structural materials.
Acquisition and partnerships
- In October 2021, Park Aerospace Corp. acquired Arlon Electronic Materials to complement its cyanate ester resin composite business and create an integrated supplier. Park Electrochemical Corp, called the Park Aerospace Corp at present, is a Melville, U.S. -based materials manufacturer for the telecommunications, Internet infrastructure, high-end computing, and aerospace industries. Arlon Electronic Materials Division (EMD) is located in Rancho Cucamonga, California, U.S. and is a major manufacturer of specialty high performance laminate and prepreg materials for use in a wide variety of PCB (printed circuit board) applications.
- In December 2020, Toray Advanced Composites announced a partnership with Verdant Composites to develop next-gen cyanate ester prepregs by using recycled carbon fiber for commercial aerospace. Toray Advanced Composites is a multi-national producer and supplier of advanced composite materials. In the twentieth century, it developed a range of high-performance thermoplastic composites and thermoset pre-preg resins that are used in a broad spectrum of applications. Verdant is a company that specializes in the design and manufacture of antennas, radomes, and composite cabinets. The company has two main divisions: Verdant Telemetry and Antenna Systems Pvt Ltd, which focuses on airborne applications, and Verdant Audio Inc., which produces high-end audio equipment.
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