According to a recent market study published by Growth Market Reports, titled, “Global Liquid Crystal Polymer Films & Laminates Market by Types, Applications, and Region: Size, Share, Trends, and Opportunity Analysis, 2020-2027”, the market was valued at USD 120.2 Million in 2019 and is anticipated to expand at a CAGR of 6.8% between 2020 and 2027. In 2019, the global liquid crystal polymer films & laminates size was 1,487.4 thousand Sqm.
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The global liquid crystal polymer films & laminates market is segmented into types, applications, and regions. On the basis of types, the market has been divided into films and laminates. In terms of applications, the global liquid crystal polymer films & laminates market has classified as electronics & electrical, industrial machinery, packaging, automotive, and others.
By region liquid crystal polymer films & laminates 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 the U.S., and Canada. The Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, the Asia Pacific is further segmented into, China, Japan, South Korea, India, Australia, South East Asia (SEA), and Rest of Asia Pacific (APAC). The European region is further categorized into Germany, France, U.K., Spain, Russia, and Rest of Europe, and the Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE and the Rest of MEA.
The production process of liquid crystal polymer films & laminates generally includes material procession via roll calendaring or extrusion, which helps develop products with optimum thickness and gauge. Technological innovations have laid the foundation for high-performance, durable liquid crystal polymer films & laminates with low maintenance costs, eco-friendly properties, and enhanced performance characteristics. The performance characteristics associated with LCP films & laminate include low coefficient of thermal expansion, minimal moisture absorption, high abrasion resistance, high modulus strength, and flexibility.
As per Global Market Reports industry analyst Akshata Ahire, “The global liquid crystal polymer films & laminates market is anticipated to grow at a substantial pace during forecast period, from 2020 to 2027 due to the rise in in the sale of electric vehicles in developed and developing economies. Moreover, companies are taking various efforts by developing novel product designs and solutions for customers which is expected to provide growth opportunities for the liquid crystal polymer films & laminates market.”
Key Takeaways from the Study
- Japan based company; Polyplastics Co., Ltd held more than one fourth of the global liquid crystal polymer films & laminates market in 2019 compared to other players in the market.
- The films segment is expected to hold majority share of the market in 2020 as it is as heat and corrosion resistance properties which are key factors driving the demand for LCP films, particularly in the automotive industry.
- The electronics and electrical segment hold most share of the market in 2020 and it is expected to expand at a substantial CAGR during the forecast period. The demand of LCP films & laminates is growing in electronic and electrical industries due rise in the use of 5G technology.
- The Asia Pacific is a promising region of the market. The region constituted major share of the global market in 2020 owing to rapid industrialization in the region.
- Technological advancements pertaining to materials of laminates is helping companies grow in the liquid crystal polymer films & laminates market.
Report Scope
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Report Metric |
Details |
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Market Value in 2019 |
USD 120.2 Million |
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Market Growth Rate (from 2020 to 2027) |
6.8% |
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Historical Data |
2017 & 2018 |
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Base Year |
2019 |
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Forecast Period |
2020 - 2027 |
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Units Considered |
Value (USD Million) and Volume (Thousand Sqm) |
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Market Segments |
Types, and Applications |
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Regional Scope |
North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA) |
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Country Scope |
The US., Canada, Brazil, Mexico, Rest of Latin America, China, Japan, South Korea, India, Australia, Southeast Asia, Rest of Asia Pacific, Germany, France, U.K., Russia, and Rest of Europe, Saudi Arabia, South Africa, UAE and Rest of MEA. |
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Key Companies Profiled |
Polyplastics Co., Ltd, Celanese Corporation, Sumitomo Chemical Co., Ltd., KURARAY CO., LTD. , CHIYODA INTEGRE CO., LTD., KGK Chemical Corporation, Murata Manufacturing Co., Ltd., and UBE EXSYMO CO., LTD. |
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Customization Scope |
Report customization available on request |
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Pricing and Purchase Options |
Avail tailor-made purchase options to meet your research requirements |
Target Audience
- Supply-side: Liquid crystal polymer films & laminates manufacturers, raw material suppliers, primary respondents, and distributors.
- Demand Side: Electronics & electrical, industrial machinery, packaging, automotive, and others
- Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
- Associations and Industry Bodies: American Society for Testing and Materials (ASTM), Canadian Standards Association (CSA), Environmental Protection Agency (EPA), European Commission (EC), Food and Drug Administration (FDA), and others.