The global liquid crystal polymers market was pegged at 40.2 KT in 2018, according to Liquid Crystal Polymers Market Report, by Category (Main Chain LC Polymers and 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, Middle East, and Africa), published by . The global liquid crystal polymers market is expected to reach 66.4 KT by 2027, exhibiting a CAGR of 5.8% during the forecast period (2019-2027). 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 demand for liquid crystal polymer over the forecast period. For instance, according to the India Brand Equity Foundation, Indian appliance & consumer electronics market was valued at US$ 31.48 billion in 2017, and is expected to increase at a CAGR of 9% to reach US$ 48.37 billion by 2022. To know the latest trends and insights prevalent in this market, click the link below: https://www.coherentmarketinsights.com/market-insight/liquid-crystal-polymers-market-3081 Browse 70 market data tables* and 60 figures* on "Liquid Crystal Polymer Market” - Global forecast to 2027. Key Takeaways of the Market:
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