The global demand for Liquid Crystal Polymer Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Liquid Crystal Polymers commonly called LCPs are a special class of aromatic polymers that exhibit the mechanical properties of polymers and electroactive properties of liquid crystals are highly inert materials and exhibit exceptional chemical resistance, endurance to harsh weather conditions and flame retardancy. The various applications and uses of LCPs are in household appliances like ovens, chemical processing units, under hood parts of automobiles, electrical parts, electronic devices like connectors, sockets and chip carriers, mechanical parts and food containers. LCPs coming in a wide variety of forms are suitable for packaging microelectromechanical systems, sunlight sensors and sensors for car safety belts as well.
The increasing demand for LCPs in consumer-based industries like electronics, automotive, electrical, lighting and medical will drive the growth of this market. Rise in investments in the research and development activities of LCPs owing to their superior properties and immense potential for a wide range of applications will fuel the market growth. The miniaturisation of electric and electronic gadgets, rapid urbanisation and expanding manufacturing sector will boost the market of LCPs. The need for lightweight materials with high performance will increase the market share of LCPs in the automotive industry. COVID-19 pandemic may not have a large impact on the market except for reduced production. The key constraints of this market are higher cost, low warp strength and high warpage.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of liquid crystal polymer.
The entire liquid crystal polymer market has been sub-categorized into application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Electronics & Electrical
- Industrial Machinery
This section covers regional segmentation which accentuates on current and future demand for liquid crystal polymer market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Liquid Crystal Polymer Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the liquid crystal polymer market include Polyplastics Co., Ltd., Celanese Corporation, Sumitomo Chemical, Solvay S.A., Toray International, Inc., Ueno Fine Chemicals Industry Ltd., Samsung Fine Chemicals, Shanghai PRET Composites Co., Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.