Liquid Crystal Polymer market - Latest Market Reports

As per Fact.MR – a market research and competitive intelligence provider, the global market for liquid crystal polymers (LCPs) is expected to grow 1.6X in value by 2031.

Growing penetration of the miniaturization trend in the electronics & electrical industry has attained all the limelight of stakeholders that are looking forward to expand their product applications. As the automotive industry continues to embrace the trend of lightweight vehicles, in line with growing demand for better performing motors and efficient fuel consumption, LCPs are emerging as a viable substitute for heavy metal components.

In a thriving automotive industry, LCPs are primarily witnessing traction for use in fuel contact components and battery components. Moreover, favourable properties of liquid crystal polymers, namely, high chemical resistance, thermal resistance, and good mechanical strength, along with benefits of light weight, continue to make them the material of choice for a wide range of applications.

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Liquid Crystal Polymer Market – Scope of Report:

A latest publication by Fact.MR on the global Liquid Crystal Polymer market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2021-2031.

Important indicators for the successful growth of the Liquid Crystal Polymer market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for Liquid Crystal Polymer supplements, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Liquid Crystal Polymer, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Key Manufacturers of Liquid Crystal Polymer

Several companies are investing in R&D to eliminate the risk factor associated with prevailing substitutes in the market. In light of the growing lucrativeness of the market in Asia Pacific, a number of companies have shifted their focus towards the region to squeeze higher gains.

In January 2019, Celanese Corporation acquired Indian firm Next Polymers Ltd., which deals in engineered plastics compounding, such as liquid crystal polymers, to expand its market presence in Asia Pacific. In February 2019, the company also purchased leading India polymer manufacturer OmniPlastics to extend its geographical reach, increase its product portfolio, and appeal to a wider pool of customers.

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Report benefits & key questions answered

Post covid consumer spending on Liquid Crystal Polymer: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
Liquid Crystal Polymer demand outlook: the market intelligence study reports highlights the factor propelling the demand for Liquid Crystal Polymer. As per the study, the demand for Liquid Crystal Polymer will grow through 2031.
Liquid Crystal Polymer historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2021-2031.
Liquid Crystal Polymer consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

Liquid Crystal Polymer Market Segmentations:

By Form
- LCP Resins & Compounds
- Liquid Crystal Polymer Films
- Liquid Crystal Polymer Fibers
By Application
- Electrical & Electronics
  - Connectors
  - Flexible Circuits
  - Printed Circuit Boards
- Automotive
  - Lamp Holders
  - Connectors
  - Electronic Components
  - Ignition & Transmission Components
- Aerospace & Defense
- Consumer Goods, Sports & Leisure
- Industrial
  - Measuring Instruments

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About fact.mr

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The latest Fact.MR study indicates that ~ 46,582 KT of liquid crystal polymer (LCP) were sold in 2018, and it is envisaged that the sales will pick pace by ~5% in 2019. The radical increase in the applications of liquid crystal polymer in electronics & electrical industry, which led to ~70% sales of LCP will continue to pace up lucrative growth avenues for market players through 2029, says the report. Growing penetration of miniaturization trend in electronics & electrical industry has attained all the limelight of stakeholders that are looking forward to expand their product applications.

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As the automotive industry continues to embrace the trend of lightweight vehicles, in line with the growing demand for better performing motors and efficient fuel consumption, LCP is emerging as a viable substitute for heavy metal components. Increasing applications of liquid crystal polymer in auto industry led to ~13% sales of LCP in 2018. In thriving automotive industry, LCP is primarily witnessing traction for use in fuel contact components and battery components. Moreover, favorable properties of LCP, such as high chemical resistance, thermal resistance and good mechanical strength along with benefits of light weight continue to make liquid crystal polymers a material of choice for wide applications.

Multiple Application Opportunities Still Remain Untapped

Sales of liquid crystal polymer are intensifying at a rapid pace, with a multitude of applications, ranging from electrical & electronics, and automotive to customer goods, sports, leisure and medical verticals. As per the study, the rapidly emerging technologies, such as 5G communication, 3D printing hold high stakes of growth for the liquid crystal polymer market during the foreseeable period.

The study opines a group of researchers have recently developed a new grade of recyclable LCP for fused deposition modelling (FDM) 3D printing, which promise several benefits over the traditional ink models. The potential role of new grade LCP product in revolutionizing the 3D printing technology is anticipated to fillip growth prospects of the market players. 5G communication, on the other hand has emerged as a goldmine of applications for liquid crystal polymer during the forecast period. High flowability, high thermal stability, low water absorption, and low shrinkage properties of LCP, along with ability to fill thin-walled and small products in injection molding are paving way for its multitude applications in building 5G infrastructure.

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The study opines that although LCP resin & compounds witnessed ~75% of the overall sales in 2018, and are witnessing significant adoption, the analysis indicated that the lucrativeness of liquid crystal polymer films is likely to grow by the end of the forecast period, as they are envisaged to expand at ~6% CAGR during 2019 and 2029. This can be attributed to the growing traction for liquid crystal polymer films to develop high in demand flexible printed circuits and for semiconductor packaging. Furthermore, increasing applications of LCP films in flexible solar cells, owing to its exceptional heat resistance and low water absorbency are also underpinning gains for the market. As per the study, LCP fibers will continue to lose its applications to aramid fibers.

East Asia Leads the Pack

While the applications and adoption of liquid crystal polymer continue to gain momentum at a global level, East Asia, led by China remains the most lucrative revenue pocket for market players. East Asia accounted for ~60 of the overall sales of liquid crystal polymer, with China being the largest manufacturer of electronic devices and components across the globe. The bulk applications of LCP in the electronics & electrical industry will continue to keep adoption and thereby gains concentrated in China. Moreover, Japan and China being the hub of headquarters of several market players will continue to pace up the lucrativeness of East Asia.

Fact.MR study presents the long-term outlook of the liquid crystal polymer market for 2019 to 2029. The liquid crystal polymer market is anticipated to register a volume CAGR of ~5% through 2029.

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Liquid Crystal Polymer Market Segmentations:

By Form

By Application