Liquid Crystal Polymer Market Analysis, Leading Players and Future Scope

Mushrooming Sales of Consumer Electronics Driving Liquid Crystal Polymer Demand

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The burgeoning requirement for consumer electronic devices, on account of the booming population and the surging per capita income, especially in the developing countries such as India, Indonesia, Brazil, and China, is driving the demand for liquid crystal polymers (LCPs) across the world. With products such as smartphones, computers, microwaves, and iPhones rapidly becoming indispensable parts of households, the demand for LCPs is shooting up sharply all over the globe.

This is because these polymers contribute heavily toward the development of these products, on account of their excellent mechanical and electrical properties. Moreover, the ballooning sales of these products are making companies such as Kuraray Co. Ltd., Sumitomo Chemical Co. Ltd., Celanese Corporation, and Toray Industries Inc. increase their LCP production and research and development (R&D) activities. Besides these factors, the soaring sales of automotive components and medical equipment are also fueling the demand for LCPs. Due to the above-mentioned factors, the global liquid crystal polymer market is exhibiting huge expansion. According to the estimates of P&S Intelligence, a market research company based in India, the value of the market will rise from $1,037.4 million in 2017 to $1,447.9 million by 2023. The market is also expected to progress at a CAGR of 5.7% between 2018 and 2023. Lyotropic and thermotropic are the two most widely used types of LCPs across the world.

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Between these, the demand for the thermotropic LCPs was found to be the highest during the last few years. These LCPs are processed from anisotropic phases in order to form liquid-crystal phases. This affects the structure and the orientation of these molecules. In addition to this, the end-polymer has good mechanical properties, because of the self-reinforcing characteristics that were derived from the macromolecular orientation in the mesophase. Due to these characteristics, these polymers are extensively used for manufacturing electronic components.

Automotive, consumer goods, medical, heavy engineering, power generation, and semiconductor and electronics are the major industries in which LCPs are heavily used. Amongst these, the semiconductor and electronics industry generated the highest demand for LCPs in the past years, due to the growing trend of downsizing and trimming of electrical components. Moreover, LCPs have various properties such as low power dissipation factors and low dielectric constants, which make them extremely suitable for use in the semiconductor and electronics industry.

Many LCP producers such as Toray Industries Inc. and Kuraray Co. Ltd. are making huge investments in research and facility expansions. Across the globe, the sales of LCPs were observed to be the highest in the Asia-Pacific (APAC)

region during the last few years. This was because of the existence of semiconductor manufacturing hubs in the regional countries such as Japan, China, and Taiwan and a thriving consumer electronics industry in nations such as Vietnam and India.

Browse full report at: https://www.psmarketresearch.com/marketanalysis/liquid-crystal-polymer-market Hence, it can be safely said that the demand for LCPs will shoot up around the world in the coming years, primarily because of the surging sales of consumer electronics, automotive components, and medical equipment.

Market Segmentation by Type •

Thermotropic

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Lyotropic

Market Segmentation by Industry •

Semiconductor and Electronics

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Automotive

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Medical

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Consumer Goods

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Others (Power Generation and Heavy Engineering)

Market Segmentation by Geography •

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North America Liquid Crystal Polymer Market o

By type

o

By Industry

o

By country – U.S. and Canada

Europe Liquid Crystal Polymer Market o

By type

o

By industry

o

By country – Germany, U.K., France, Italy, Spain, Netherlands, Belgium, and Rest of Europe

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Asia-Pacific (APAC) Liquid Crystal Polymer Market o

By type

o

By industry

o

By country – China, Japan, South Korea, Taiwan, India, Thailand, Australia, and Rest of APAC

•

•

Latin America (LATAM) Liquid Crystal Polymer Market o

By type

o

By industry

o

By country – Brazil, Mexico, and Rest of LATAM

Middle East and Africa (MEA) Liquid Crystal Polymer Market o

By type

o

By industry

o

By country – Saudi Arabia, South Africa, U.A.E., and Rest of MEA

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