Liquid Crystal Polymer Films & Laminates Market

Global Liquid Crystal Polymer Films & Laminates Market by Types (Films and Laminates), Applications (Electronics & Electrical, Industrial Machinery, Packaging, Automotive and Others), and Region (North America, Europe, Asia Paciic, Latin America, and Middle East & Africa)

  • Report ID: MC-2607
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 59
  • No. Of Pages: 197
  • Format:
  • Pub. Date: 10-03-2021
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Market Outlook:

The global liquid crystal polymer films & laminates market was valued at USD 120.2 Mn in 2019 and is projected to reach USD 195.8 Mn by 2027, expanding at a CAGR of 6.8% during the forecast period. The liquid crystalline polymers (LCPs) are a special type of thermoplastics that exhibit properties between highly ordered solid crystalline materials and amorphous disordered liquids, over a well-defined temperature range. Raw material used in the production of LCP films & laminate includes thermoplastic LCP resins in the form of pellets or granules. Benzoic acid and p-hydroxy napthoic acid are other raw materials used in synthesis process of LCP films & laminates.

Liquid Crystal Polymer Films & Laminates Market Key Takeaways

Market Dynamics

The market is driven by factors such as increase in the demand for LCP in electronics & electrical industry, and rise in the sale of electric vehicles in developing economies. Conversely, high preference for substitute products and conventional techniques and high cost and low weld property of LCP films and laminates are likely to restrain the market. Increasing LCP adoption in construction industry and production technique innovation and ongoing R&D activities are creating opportunities in the market.

Segmental Outlook

By Types

Based on types, the global liquid crystal polymer films & laminates market is divided into films and laminates. The laminates segment is anticipated to hold a significant share of the Liquid Crystal Polymer Films & Laminates market during the forecast period. Increasing use of LCP laminates in consumer electronic devices drives the segment growth. Moreover, high temperature resistance property offered by LCP laminates increases their adoption across the globe. The manufacturing of LCP laminates require adhesion to a metal foil substrate, which is generally a copper sheet. Thus, copper and metal prices influences segment growth. The films segment is expected to expand at a significant CAGR during the forecast period. Heat and corrosion resistance properties are key factors driving the demand for LCP films, particularly in the automotive sector. Laminates offer a convenient form factor allowing sturdy planar construction, which in turn, fuels segment growth in the industry. Moreover, increasing research to develop LCP is likely to create growth opportunities in the films segment during the forecast period.

Definitions

Films

Film formation of LCP resin is primarily manufactured using the melt extrusion method that extrudes molten resin into rolls to form a film. LCP films have high electrical characteristics and dimensional stability & heat resistance, and thus they find applications in various industries globally. LCP films have significant moisture absorption.

Laminates

LCP laminates have melt temperature more than 330°C, and thus find their general applications as dielectric laminates to deliver high yields in single-layer and multilayer circuit constructions. LCP laminates are adhesive less and find their applications for simplified and improved construction of multilayer circuit boards at high temperatures.

Liquid Crystal Polymer Films & Laminates Market Type

By Applications

Based on applications, the global Liquid Crystal Polymer Films & Laminates market is classified as electronics & electrical, industrial machinery, packaging, automotive, and others. The electronics and electrical segment holds a significant share of the global market, as LCP is extensively used in this segment. Enhancements in the quality of printed circuit boards (PCBs) and electronics devices using innovative LCP films & laminate register growth opportunities in the electronics & electrical segment during the forecast period. The use of thin LCP laminates in flexible electronics, specifically for high-frequency applications, is fueling segment growth. Laminates prevent unwanted disruptions caused by wave propagation in electronic devices, and thus their use in the industry is significant increasing, which in turn, is boosting segment growth. The automotive segment is projected to expand at a significant CAGR during the forecast period due to high demand for materials with high out-gassing capacity. Conversely, increasing in-bound & in-plant logistics, and innovation pertaining to the packaging of various commodities fuels the demand of LCP films & laminate in industrial machinery and packaging applications.

Definitions

Electronics & Electrical

In the electronic & electrical industry, LCP films & laminate are used for flexible printed circuits, monolithic microwave integrated circuit, IC packaging, and for other semiconductors. The electronics & electrical segment consists of electronic medical devices where LCP films & laminates find their use for insulation purposes.

Industrial Machinery

Industrial machinery consists of tangible equipment, machineries, and components with a depreciable life of 2 years to 3 years. These machines are used as an integral part in the manufacturing, processing, compounding, or production of tangible personal property for sale or are exclusively used in the activities.

Packaging

Packaging includes packaging of commodities for food & beverages, logistics, and for other packaging applications. LCP films are substituting polyimide films in packaging applications, owing to the former’s exceptional mechanical and chemical properties.

Automotive

In automotive industry, LCP films & laminates are used in advanced transportation and smart devices. Favorable properties of LCP films & laminates, such as high chemical resistance, thermal resistance, good mechanical strength, and lightweight, increases their application in the automobiles industry.

Liquid Crystal Polymer Films & Laminates Market Applications

By Region                                           

Based on regions, the global liquid crystal polymer films & laminates market is divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA).

Asia Pacific holds a significant share of the global liquid crystal polymer films & laminates market due to the presence of a prominent electronics & electrical industry in the region. Moreover, key players focus on technological advancements in LCP films & laminates manufacturing techniques, which is driving the market growth in the region. Asia Pacific is expected to be lucrative region for the market owing to presence of significant number of original equipment manufacturers (OEM). Growing scientific base and research capabilities and expansion of the electronics & electrical industry are driving the market in the region.

Increasing innovation pertaining to the LCP films & laminates by manufacturers in North America and Europe fuels the market in these regions. Moreover, entrance of new players in North America is expected to create growth opportunities in the market in the region. Growing health concerns and prevalence of chronic and lifestyle-related diseases have increased the number of healthcare facilities in the US and Canada, which is likely to drive the need for LCP films & laminates films in medical devices manufacturing.

Liquid Crystal Polymer Films & Laminates Market Regions

Key Benefits for Industry Participants & Stakeholders

  • In-depth analysis of the global liquid crystal polymer films & laminates market
  • Historical, current and projected market size in terms of value and volume
  • Potential & niche segments and Region exhibiting promising growth covered
  • Industry drivers, restraints and opportunities covered in the study
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Neutral perspective on global liquid crystal polymer films & laminates Market performance

Segments

By Types

  • Films
  • Laminates

By Applications

  • Electronics & Electrical
  • Industrial Machinery
  • Packaging
  • Automotive
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Market Players Profiled in the Report

  • Polyplastics Co., Ltd
  • Celanese Corporation
  • Sumitomo Chemical Co., Ltd.
  • KURARAY CO., LTD.
  • CHIYODA INTEGRE CO., LTD.
  • KGK Chemical Corporation
  • Murata Manufacturing Co., Ltd.
  • UBE EXSYMO CO., LTD.

Competitive Landscape

  • Key players in the market include Polyplastics Co., Ltd, Celanese Corporation, Sumitomo Chemical Co., Ltd., KURARAY CO., LTD., CHIYODA INTEGRE CO., LTD., and others. These players are considered as key manufacturers of the market based on their different varieties of product availability, regional presence, better supply chain management system, and increasing demand for products.
  • These players are adopting key strategies such as product development and geographical expansion to increase their presence in the liquid crystal polymer films & laminates market.
  • In January 2021, Celanese Corporation announced its plan to construct a liquid crystal polymerization plant in China. The addition of LCP polymerization capacity in China is expected to make the company the only manufacturer of LCP with assets in Asia and the Western Hemisphere. This investment is intended to support growth in its Vectra and Zenite LCP product lines.
  • In July 2019, Sumitomo Chemical Co., Ltd. completed the launch of LCPs for 5G applications. These LCPs have low dissipation factor and dielectric constant.
  • On March 22, 2018, Polyplastics Co., Ltd. launched LAPEROS (R) E420P, a series of low-dielectric LCPs for next-generation communication devices. It possesses mechanical properties, inherent high heat resistance, high flow, chemical resistance, and low warpage for films and connectors in antennas, cabling, and circuit boards.
Liquid Crystal Polymer Films & Laminates Market Key Players

Video Summary for Liquid Crystal Polymer Films & Laminates Market

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Liquid Crystal Polymer Films & Laminates Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Liquid Crystal Polymer Films & Laminates Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Liquid Crystal Polymer Films & Laminates Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Liquid Crystal Polymer Films & Laminates Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Liquid Crystal Polymer Films & Laminates Market Size & Forecast, 2017-2027
      4.5.1 Liquid Crystal Polymer Films & Laminates Market Size and Y-o-Y Growth
      4.5.2 Liquid Crystal Polymer Films & Laminates Market Absolute $ Opportunity
   4.6 Global Liquid Crystal Polymer Films & Laminates Market - Pricing Analysis & Forecast, 2017-2027
   4.7 Global Liquid Crystal Polymer Films & Laminates Market - Regulatory Framework
   4.8 Global Liquid Crystal Polymer Films & Laminates Market - Technology Landscape

Chapter 5 Global Liquid Crystal Polymer Films & Laminates Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast By Type
      5.2.1 Films
      5.2.2 Laminates
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Liquid Crystal Polymer Films & Laminates Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast By Application
      6.2.1 Electronics & Electrical
      6.2.2 Industrial Machinery
      6.2.3 Packaging
      6.2.4 Automotive
      6.2.5 Others
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Liquid Crystal Polymer Films & Laminates Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Liquid Crystal Polymer Films & Laminates Analysis and Forecast
   9.1 Introduction
   9.2 North America Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast By Type
      9.6.1 Films
      9.6.2 Laminates
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast By Application
      9.10.1 Electronics & Electrical
      9.10.2 Industrial Machinery
      9.10.3 Packaging
      9.10.4 Automotive
      9.10.5 Others
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Liquid Crystal Polymer Films & Laminates Analysis and Forecast
   10.1 Introduction
   10.2 Europe Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast By Type
      10.6.1 Films
      10.6.2 Laminates
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast By Application
      10.10.1 Electronics & Electrical
      10.10.2 Industrial Machinery
      10.10.3 Packaging
      10.10.4 Automotive
      10.10.5 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Liquid Crystal Polymer Films & Laminates Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast By Type
      11.6.1 Films
      11.6.2 Laminates
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast By Application
      11.10.1 Electronics & Electrical
      11.10.2 Industrial Machinery
      11.10.3 Packaging
      11.10.4 Automotive
      11.10.5 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application

Chapter 12 Latin America Liquid Crystal Polymer Films & Laminates Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast By Type
      12.6.1 Films
      12.6.2 Laminates
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast By Application
      12.10.1 Electronics & Electrical
      12.10.2 Industrial Machinery
      12.10.3 Packaging
      12.10.4 Automotive
      12.10.5 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application

Chapter 13 Middle East & Africa (MEA) Liquid Crystal Polymer Films & Laminates Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast By Type
      13.6.1 Films
      13.6.2 Laminates
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Liquid Crystal Polymer Films & Laminates Market Size & Volume Forecast By Application
      13.10.1 Electronics & Electrical
      13.10.2 Industrial Machinery
      13.10.3 Packaging
      13.10.4 Automotive
      13.10.5 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Liquid Crystal Polymer Films & Laminates Market: Competitive Dashboard
   14.2 Global Liquid Crystal Polymer Films & Laminates Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 Polyplastics Co., Ltd
      14.3.2 Celanese Corporation
      14.3.3 Sumitomo Chemical
      14.3.4 Kuraray Co. Ltd
      14.3.5 CHIYODA INTEGRE CO., LTD.
      14.3.6 KGK Chemical Corporation
      14.3.7 Murata Manufacturing Co., Ltd.
      14.3.8 UBE EXSYMO CO., LTD.

By Types

  • Films
  • Laminates

By Applications

  • Electronics & Electrical
  • Industrial Machinery
  • Packaging
  • Automotive
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Market Players Profiled in the Report

  • Polyplastics Co., Ltd
  • Celanese Corporation
  • Sumitomo Chemical Co., Ltd.
  • KURARAY CO., LTD.
  • CHIYODA INTEGRE CO., LTD.
  • KGK Chemical Corporation
  • Murata Manufacturing Co., Ltd.
  • UBE EXSYMO CO., LTD.
  • Key players in the market include Polyplastics Co., Ltd, Celanese Corporation, Sumitomo Chemical Co., Ltd., KURARAY CO., LTD., CHIYODA INTEGRE CO., LTD., and others. These players are considered as key manufacturers of the market based on their different varieties of product availability, regional presence, better supply chain management system, and increasing demand for products.
  • These players are adopting key strategies such as product development and geographical expansion to increase their presence in the liquid crystal polymer films & laminates market.
  • In January 2021, Celanese Corporation announced its plan to construct a liquid crystal polymerization plant in China. The addition of LCP polymerization capacity in China is expected to make the company the only manufacturer of LCP with assets in Asia and the Western Hemisphere. This investment is intended to support growth in its Vectra and Zenite LCP product lines.
  • In July 2019, Sumitomo Chemical Co., Ltd. completed the launch of LCPs for 5G applications. These LCPs have low dissipation factor and dielectric constant.
  • On March 22, 2018, Polyplastics Co., Ltd. launched LAPEROS (R) E420P, a series of low-dielectric LCPs for next-generation communication devices. It possesses mechanical properties, inherent high heat resistance, high flow, chemical resistance, and low warpage for films and connectors in antennas, cabling, and circuit boards.
Liquid Crystal Polymer Films & Laminates Market Key Players

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FAQ Section

Some frequently asked quetions about this report!

Major manufacturers include Polyplastics Co., Ltd, Celanese Corporation, Sumitomo Chemical Co., Ltd., KURARAY CO., LTD., CHIYODA INTEGRE CO., LTD, and Others.

The base year considered for the global liquid crystal polymer films & laminates market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

The market is expected to witness downfall owing to the negative impact of COVID-19 pandemic on the liquid crystal polymer films & laminates market.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

Electronics & electrical, industrial machinery, packaging, automotive, and others, are the key application that are driving the global liquid crystal polymer films & laminates market.

The market is driven by increase in the demand for LCP in electronics & electrical industry, and rise in the sale of electric vehicles in developing economies.

In addition to market size (in USD Million) and in market volume (in Thousand Sqm) company market share (in % for base year 2019), other data such as Pricing Analysis, Regulatory Framework, Technology Landscape, macro-economic factors, and COVID-19 Impact on liquid crystal polymer films & laminates is available in final report.

According to the Global Market Reports, global liquid crystal polymer films & laminates market is likely to register a CAGR of 6.8% during forecast period 2020-2027, with an anticipated valuation of USD 195.8 million by the end of the 2027.

Yes, the report covers types of liquid crystal polymer films & laminates such as films, and laminates.

Additional company profiles can be provided on request