Liquid Crystal Polymer (LCP) Market Analysis and Trends Report for 2019 - 2024: Global Market Insights, Inc. The growing number of innovations and R&D programs across the polymer space have had a profound impact on liquid crystal polymer (LCP) market size. Pertaining to the inert and highly water-resistant characteristics of LCP, this polymer is being prominently used for encapsulation of electronics components, electronics packaging, and as a base material for neural prosthetic devices on large scale, which has led to LCP industry size being pegged at USD 375 million in 2016.
Considering its numerous benefits, leading electronics equipment manufacturers are investing heavily in research and development activities to enhance the performance of electronic devices. For instance, the U.S. based smartphone manufacturer, Apple has upgraded its iPhone models with liquid crystal antennas, that would help improve the transmission speed of LTE data.
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