Liquid Crystal Polymer (LCP) Market

Liquid Crystal Polymer (LCP) Market

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Riddhesh Dani

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Liquid Crystal Polymer (LCP) Market Outlook 2031

The global Liquid Crystal Polymer (LCP) Market size was valued at USD 1.23 Billion in 2022 and is expected to surpass USD 2.04 Billion by 2031, expanding at a CAGR of 5.8% during the forecast period, 2023–2031

Liquid crystal polymer is a variant of an aromatic polymer, which are crystalline in nature. It has various properties such as soft elasticity, resistant to fire, performs better under harsh environments, anisotropic swelling, stability, and thermal actuation. Composites, ceramics, plastics, and metals materials could be replaced by liquid crystal polymer due to its resistance to fire, weathering, chemicals, and radiation.

Liquid Crystal Polymer (LCP) Market Outlook

Liquid crystal polymer acts as a photo alignment agents, which increases the functionality and properties for glass coatings and plastic substrate. Rapid growth of the medical industry is anticipated to boost the market expansion in the coming years. Liquid crystal polymer is gaining attention in the packaging of microelectromechanical systems (MEMS).

Liquid Crystal Polymer (LCP) Market Trends, Drivers, Restraints, and Opportunities

  • Rising demand to produce ultra-thin electrical components for engineering resins is projected to fuel the market growth during the forecast period.
  • Growing demand for consumer goods is estimated to push the market growth during the forecast period.
  • High price of liquid crystal polymer is expected to hamper the market expansion.
  • Lower warp strength and higher warpage in liquid crystal polymer act as major factor that can impede the market growth.
  • Wide application of liquid crystal polymer in various end-user industries is expected to create lucrative opportunities for the market players.
  • R&D investment and technological advancement in liquid crystal polymer is projected to offer significant opportunities for the market players.

Scope of Liquid Crystal Polymer (LCP) Market Report

The report on the global liquid crystal polymer market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Liquid Crystal Polymer Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Lyotropic and Thermotropic), and Applications (Automotive, Industrial Machinery, Electrical and Electronics, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Toray Industries Inc.; Celanese Corporation; Sumitomo Chemical Co. Ltd.; Polyplastics Co. Ltd.; Solvay SA; Chang Chun Plastics Co. Ltd.; and Ueno Fine Chemicals Industry Ltd.

Liquid Crystal Polymer (LCP) Market Segment Insights

Types Segment Analysis

Based on types, the global liquid crystal polymer market is divided into lyotropic and thermotropic. The thermotropic segment is expected to constitute a key share of the market during the forecast period owing to the high compatibility of thermotropic with the manufacturing process of semiconductors.

Thermotropic liquid crystal polymer is produced by heating a polymer above its melting transition point. It is highly used in various applications as optical couplers, display materials, blend additives and information storage materials.

However, the Lyotropic segment is anticipated to expand at a rapid pace during the forecast period due to its excellent chemical resistance, outstanding electrical and mechanical properties.

Application Segment Analysis

On the basis of applications, the market is segmented into automotive, industrial machinery, electrical and electronics, and others. The electrical and electronics segment is expected to represent a key share of the market in the coming years due to increasing demand for various electrical and electronic components including lamp sockets, hybrid integrated circuits, semiconductors, and heater plug connectors.

On the other hand, the automotive segment is anticipated to expand at a rapid pace during the forecast period owing to higher performance materials, rigidity, lesser noise, and high tensile strength.

Liquid Crystal Polymer (LCP) Market Applications

Regional Analysis

On the basis of regions, the global liquid crystal polymer market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to increasing manufacturing capabilities and rising investments in R&D.

Growing automotive and electrical & electronics industries in Asia Pacific is anticipated to boost the market expansion during the forecast period. China holds the largest market for electrical and electronics industry.

On the other hand, the market of North America is expected to exhibit a rapid growth rate in the coming years due to rising demand of liquid crystal polymer from automotive industry.

Liquid Crystal Polymer (LCP) Market Regions

Segments

The global liquid crystal polymer market has been segmented on the basis of

Types

  • Lyotropic
  • Thermotropic

Applications

  • Automotive
  • Industrial Machinery
  • Electrical and Electronics
  • Others

Regions

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

Key Players

Competitive Landscape

Key players competing in the global liquid crystal polymer market include Toray Industries Inc.; Celanese Corporation; Sumitomo Chemical Co. Ltd.; Polyplastics Co. Ltd.; Solvay SA; Chang Chun Plastics Co. Ltd.; and Ueno Fine Chemicals Industry Ltd. Some of these players are focused on several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Liquid Crystal Polymer (LCP) Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Liquid Crystal Polymer (LCP) Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Liquid Crystal Polymer (LCP) Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Liquid Crystal Polymer (LCP) Market - Supply Chain
  4.5. Global Liquid Crystal Polymer (LCP) Market Forecast
     4.5.1. Liquid Crystal Polymer (LCP) Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Liquid Crystal Polymer (LCP) Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Liquid Crystal Polymer (LCP) Market Absolute $ Opportunity
5. Global Liquid Crystal Polymer (LCP) Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Liquid Crystal Polymer (LCP) Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Liquid Crystal Polymer (LCP) Demand Share Forecast, 2019-2026
6. North America Liquid Crystal Polymer (LCP) Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Liquid Crystal Polymer (LCP) Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Liquid Crystal Polymer (LCP) Demand Share Forecast, 2019-2026
7. Latin America Liquid Crystal Polymer (LCP) Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Liquid Crystal Polymer (LCP) Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Liquid Crystal Polymer (LCP) Demand Share Forecast, 2019-2026
8. Europe Liquid Crystal Polymer (LCP) Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Liquid Crystal Polymer (LCP) Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Liquid Crystal Polymer (LCP) Demand Share Forecast, 2019-2026
9. Asia Pacific Liquid Crystal Polymer (LCP) Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Liquid Crystal Polymer (LCP) Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Liquid Crystal Polymer (LCP) Demand Share Forecast, 2019-2026
10. Middle East & Africa Liquid Crystal Polymer (LCP) Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Liquid Crystal Polymer (LCP) Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Liquid Crystal Polymer (LCP) Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Liquid Crystal Polymer (LCP) Market: Market Share Analysis
  11.2. Liquid Crystal Polymer (LCP) Distributors and Customers
  11.3. Liquid Crystal Polymer (LCP) Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Toray Industries Inc.
     11.4.2. Celanese Corporation
     11.4.3. Sumitomo Chemical Co. Ltd.
     11.4.4. Polyplastics Co. Ltd.
     11.4.5. Solvay SA
     11.4.6. Chang Chun Plastics Co. Ltd.
     11.4.7. Ueno Fine Chemicals Industry Ltd.

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