Global Liquid Crystal Polymers market is estimated to be valued at US$ 1.2 Billion in 2021, according to the global liquid crystal polymers market report, by Category (Main Chain LC Polymers, Side Chain LC Polymers), by Product Type (Lyotropic LC Polymers and Thermotropic LC Polymers), by Application (Automotive, Electrical & Electronics, Industrial, Consumer Appliances, Medical, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
Global Liquid Crystal Polymers market was valued at US$ 1.2 Billion in 2021. Liquid Crystal Polymers market is expected to register a CAGR of 7.9% over the forecast period (2022–2030). The Asia Pacific region is expected to dominate market over the forecast period and is expected to be the largest and fastest-growing region.
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https://www.coherentmarketinsights.com/market-insight/liquid-crystal-polymers-market-3081
Browse 50 market data tables* and 40 figures* on "Global Liquid Crystal Polymers Market” - Forecast to 2030.
Key Trends and Analysis of the Global Liquid Crystal Polymers Market:
Liquid Crystal Polymers (LCPs) is a part of a family of thermoplastics having inimitable set of properties such as high electrical resistance, high heat resistance and tolerance, and high chemical resistance. They demonstrate a high degree of anisotropy in both liquid & solid crystal phases, which greatly increases their stiffness, strength, and thermal expansion in one direction, unlike other polymers such as nylon or ABS. Global demand for liquid crystal polymer is expected to increase over the forecast period, owing to their application in various industries such as electrical & electronics, automotive, consumer appliances, and others. Liquid crystal polymers are increasingly becoming a choice of material for miniaturization in consumer appliances industry as it can be easily processed and molded into tiny precision parts to integrate different functions. The growth of consumer appliance industry is expected to drive the demand for liquid crystal polymer over the forecast period.
Key Takeaways of the Global Liquid Crystal Polymers Market:
- Among applications, electrical & electronics segment is expected to account for major market share during the forecast period. Growth of electronics industry is expected to increase demand for liquid crystal polymer over the forecast period.
- Among regions, Asia Pacific is expected to witness a significant growth in the market during the forecast period, owing to growing automotive industry in emerging economies such as China and India.
- Major players operating in the market are focusing on new product launches, in order to strengthen their position in global liquid crystal polymer market. For instance, in May 2019, Sumitomo Chemical Advanced Technologies LLC launched new liquid crystal polymers for electronic industry. The company introduced two new SumikaSuper LCP grades designed specifically to meet requirements of fine pitch connectors. Fine pitch connectors are interconnects that are used in printed circuit board designs, where space is limited. The new LCP grade for fine pitch connectors offers superior process ability and low warpage in very thin wall sections.
- New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities are key strategies adopted by players in the global liquid crystal polymers market
