According to Stratistics MRC, the Global Liquid Crystal Polymer (LCP) Market is accounted for $1.20 billion in 2020 and is expected to reach $2.24 billion by 2028 growing at a CAGR of 8.1% during the forecast period. Some of the key factors propelling the market growth include rising engineering resin substitute for ultra-thin components, development of lightweight materials for automobile components, increasing demand for high-quality and durable electrical and electronic products in emerging economies. However, high cost of Lcps is likely to hamper the market.
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On the basis of geography, the growth in Asia Pacific is driven by the increase in investments in R&D, rising demand for LCPs in various end-user industries, rise in the number of new manufacturing establishments, and the presence of semiconductor manufacturing hubs in countries such as Taiwan, Japan, and China.
Some of the key players in Liquid Crystal Polymer (LCP) Market include Sumitomo Chemical Company Limited, Toray International, Inc., Polyplastics Co., Ltd., Chang Chun Plastics Co. Ltd, Celanese Corporation, Kuraray Co., Polyone Corporation, Shanghai Pret Composites Co., Ltd., The Dow Chemical Company, Solvay S.A., JX Nippon Oil & Energy Corporation (Japan), Shenzhen Wote Advanced Materials Co. Ltd, Ueno Fine Chemicals Industry Limited, Calsak Corporation, RTP Company, Lehmann & Voss & Co., BARLOG plastics GmbH, and Samsung Fine Chemicals.
Types Covered:
• Lyotropic LC Polymers
• Thermotropic LC polymers
Brands Covered:
• Vectra/Zenite LCP
• Xydar LCP
• Laperos LCP
• Siveras LCP Resin
• Sumikasuper LCP
Grade Types Covered:
• Health Grade
• Basic Grade
Forms Covered:
• Liquid Crystal Polymer Fibers
• Liquid Crystal Polymer Films
• LCP Resins & Compounds
• Sheets
Categories Covered:
• Side Chain LC Polymers
• Main Chain LC Polymers
Applications Covered:
• Electrical Motor Components
• Coatings
• Additives
• High Intensity Light-Emitting Diodes (LED’s)
• Composites and Components (LCP-Based Filaments)
• Conducting Foam
• LCP-Based Laminates
• Body Armor
• Thermal Mapping
• High Sensitive Camera
• Displays
End Users Covered:
• Industrial Machinery (Measuring Instruments)
• Medical
• Electrical and Electronics
• Sports & Leisure
• Lighting
• Automotive
• Healthcare
• Non-Commercial Sector
• Consumer Goods
• Aerospace & Defense
• Bakeware
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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