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 Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Liquid Crystal Polymer Films & Laminates Market 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.
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 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.
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 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.
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
Video Summary for Liquid Crystal Polymer Films & Laminates Market :
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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.