Global Liquid Crystal Polymers Market by Application (Industrial Machinery, Automotive, Electrical & Electronics) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2012, the global liquid crystal polymers market was valued at 42.8-kilo tonnes. Over the forecast period, LCP will continue to be a major driver for the global market. This is due to rapid miniaturization of electronic parts such as connectors or surface mount devices. Market growth will also be influenced by LCP's higher temperature of fabrication and denser packaging.

LCP has excellent mechanical strength and low viscosity. LCP is the most suitable material for miniaturization of components in telecommunications and information technology. LCP market growth is expected to be driven by the increasing use of engineering resins as substitutes for thin components.

LCPs can efficiently produce ultra-thin components as thin as 0.1mm with a shorter turn-around. In comparison to LCPs, other engineering resins such as nylon 46, polyphenylene sulfide (PPS), polycyclohexylenedimethylene terephthalate (PCT) and polyphthalamide (PPA), take longer production cycles and manufacture components up to 0.25mm thick. Vectra and SumikaSuper, Xydar, Xydar, and Siveras are the top-selling LCP brands in the global marketplace. LCP demand is expected to rise due to increased demand from the automotive sector for lightweight, high-performance materials to increase fuel efficiency.

Because of its lightweight and mechanical strength, it is suitable for automotive industry. It can be used in small parts that require high tolerances. LCP resin must be chemical resistant and stable in dimensional terms to be used in automobile's motor oil dispensing pumps. LCP resin market growth has been aided by the growing demand for flame retardant-free, halogen-free products. LCP market growth is likely to be impeded by factors such as warpage or low weld strength. Industry participants will benefit from increased investment in niche products.

LCP demand will rise due to the growing demand for lightweight and compact electrical devices that can withstand extreme temperatures and high wear resistance. The potential for growth in the global small electric market is enormous for emerging economies like South Korea and China in Asia Pacific. This is because the use of such devices is increasing in these countries, which in turn drives up the demand for LCP.

LCP is seeing increased demand in the medical sector due to its high tensile strengths and stability at high temperatures. Medical equipment has a lower cost of production, which allows it to offer high performance in terms design, stiffness and thinness. LCP market growth is expected to be aided by developments in the end-use industry.

Due to the various processing required for each application, LCP can be quite expensive overall. Natural graphite is an inexpensive raw material to make nanocomposites, and is expected to be a challenge to the overall market growth over the forecast period.

Application Insights

Half of the global LCP market demand was for electrical & electronic products in the last few years. The dominance of electrical applications and electronics is expected to continue over the forecast period. LCP market for electronics and electrical components will be driven by connectors with pin-high density. Other important applications for electronics and electrical components include computers and NASA satellite electronic components. LCP market growth is expected to be driven by the increasing demand for micro injection molding and high-temperature resistance and flow properties.

Electronics and electrical applications followed industrial machinery. Chemical mass transfer tower packaging materials are used in industrial machinery. Brittle ceramic material replacement is also used because of their chemical inertness and toughness. Industrial machinery applications were closely followed by automotive. Automotive applications that are major LCP include the manufacture of ignition components, lamp sockets and bezels, lighting reflectors and transmission powertrain. LCP is also used in the manufacture of aerospace and medical components.

Regional Insights

China was the largest regional market in terms of consumption, accounting for just under half of global LCP market volume. China will continue to dominate the LCP market over the forecast period due to the rapid growth in the domestic electronics and electrical industry. Another factor driving LCP market growth in machine tools is rapid industrialization. Due to the expansion of key end-use industries, other Asian countries like India and Indonesia will also experience significant growth. Key regions in North America and Europe are expected to be the main source of major demand. These countries, such as the U.S.A and UK, are expected to experience steady growth rates.

Market Share insights for Liquid Crystal Polymers

The global LCP market is well-consolidated and dominated by multinational corporations. Effective distribution channels around the world are key to ensuring that industry players compete on price and quality. LCP manufacturers are increasing their production capacity in order to address the global supply-demand gap. Polyplastics Co., Ltd, Celanese Corporation, Sumitomo Chemical, Solvay S.A. are key industry players. Toray International, Inc., Ueno Fine Chemicals Industry Ltd, Samsung Fine Chemicals, Shanghai PRET Composites, Co. Ltd.

Up Market Research published a new report titled “Liquid Crystal Polymers Market research report which is segmented by Application (Industrial Machinery, Automotive, Electrical & Electronics), By Players/Companies Inc, Shanghai PRET Composites, Toray International, Co Ltd, Ueno Fine Chemicals Industry Ltd, Samsung Fine Chemicals”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Liquid Crystal Polymers Market Report Segments:

The market is segmented by Application (Industrial Machinery, Automotive, Electrical & Electronics).

Liquid Crystal Polymers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Liquid Crystal Polymers Market

Overview of the regional outlook of the Liquid Crystal Polymers Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Liquid Crystal Polymers Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Liquid Crystal Polymers Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Industrial Machinery

                2. Automotive

                3. Electrical & Electronics

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Liquid Crystal Polymers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
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Reasons to Purchase the Liquid Crystal Polymers Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.