Liquid Crystal Polymers Market Size, Business Revenue Forecast

Posted by nileshdbmr on April 13th, 2021

Global Liquid crystal polymers market is expected to rise by registering a substantial CAGR of 5.2% in the forecast period of 2020-2026. Liquid crystal polymers belong to the family of thermoplastics, having unique set of properties such as high heat resistance and tolerance, high electrical resistance, high chemical resistance among others. Due to all these properties, LCPs are widely used in engine shields, high pressure fuel line connectors in the automotive industry, electrical device housings and semiconductor components.

Segmentation: Global Liquid Crystal Polymers Market

•          By Type (Thermotropic, Lyotropic)
•          By End-User (Electrical & Electronics, Automotive, Aerospace, Healthcare, Industrial Machinery, Others)
•          By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)

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Key Market Competitors:

Few of the major competitors currently working in global liquid crystal polymers market are Polyplastics Co., Ltd., Celanese Corporation, Sumitomo Chemical Co., Ltd., Solvay, TORAY INTERNATIONAL, INC., UENO FINE CHEMICALS INDUSTRY,LTD., Shanghai Pret Composites Co., Ltd., RTP Company, PolyOne Corporation, KURARAY CO., LTD., Chang Chun Plastics Co. Ltd, DuPont, Rogers Corporation, Zeus Industrial Products, Inc., Murata Manufacturing Co., Ltd., LOTTE Fine Chemical, Stack Plastics, CALSAK CORPORATION, Merck KGaA, among others

Competitive Analysis: Global Liquid Crystal Polymers Market

Global Liquid crystal polymers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of liquid crystal polymers for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers:

•          Increasing demand for electrical and electronics industry acts as a market driver
•          Demand of LCPs in the automotive industry due to its high strength and abrasion resistance properties will also boost the market growth
•          Increase in the demand for engineering resins for the manufacturing of ultra-thin electrical components is another factor enhancing this market growth
•          Growing demand of these polymers in marine industry will also uplift the demand of the market

Market Restraints:

•          High cost of manufacturing and injection molding of liquid crystal polymers compared to natural graphite acts as a restricting factor for the growth of the market
•          The threat of substitute products and services will hamper the market growth
•          Adoption of new technology and low level of awareness for LCPs also restricts the market growth