Liquid Crystal Polymer Films & Laminates Market Share [2030]
Global Liquid Crystal Polymer Films & Laminates Market
Segments - by Types (Films and Laminates), Applications (Electronics & Electrical, Industrial Machinery, Packaging, Automotive and Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Segments - by Types (Films and Laminates), Applications (Electronics & Electrical, Industrial Machinery, Packaging, Automotive and Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Liquid Crystal Polymer Films & Laminates MarketMarket 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.
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.
Liquid Crystal Polymer Films & Laminates MarketSegmental 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.
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 MarketBy 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.
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
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.
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.
Ask for Research To Be Focused On Specific Regions or Segments
Receive Data As Per Your Format and Definition
Companies Profiled based on Your Requirements
Breaking Down Competitive Landscape as per Your Requirements
Any Level of Customization
Our Clients
Client Testinomials
We needed a highly accurate and precise report, which Growth Market Reports delivered promptly. The company compiled information from a wide array of reliable agencies and sourcess.It is extremely satisfactory to be working with you. Strategy Head of Major Tech Company
We were very pleased to contact Growth Market Reports as they tailored reports precisely as per our requirements. As we are dealing with the aerospace and defense industry, we need reports of high accuracy and substantial quality. Major Player in Defense Industry
Extremely delighted to have a well-crafted report on “Global Packaging Solutions Market Research Report” from your team. Thank you for providing me with all our requirements and for incorporating our suggestions. CMO of Leading Packaging Company from USA
I had a good experience working with Growth Market Reports as they were very open to all constructive changes in the report. I found that the report had its charm embedded with ample of data. Founder and Managing Partner of Major Korean Company
Our company has been working with Growth Market Reports for some years now and we are very happy with the quality of the reports provided by the company.I, on behalf of my organization, would like to thank you for offering professional reports. Global Consulting Firm
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.
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.
Request For Customization
Enquiry Before Buying
Speak With Analyst
