Liquid Crystal Polymer Market: Staggering Demand for MiniaturizationPosted by Preet on February 5th, 2020 Fact.MR’s Report on Global Liquid Crystal Polymer Market The latest Fact.MR study indicates that ~ 46,582 KT of liquid crystal polymer (LCP) were sold in 2018, and it is envisaged that the sales will pick pace by ~5% in 2019. The radical increase in the applications of liquid crystal polymer in electronics & electrical industry, which led to ~70% sales of LCP will continue to pace up lucrative growth avenues for market players through 2029, says the report. Growing penetration of miniaturization trend in electronics & electrical industry has attained all the limelight of stakeholders that are looking forward to expand their product applications. In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global liquid crystal polymer market considering 2014-2018 as the historic year and 2019–2029 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume. The liquid crystal polymer market study outlines the key regions – North America, Latin America, Europe, East Asia and MEA– along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Celanese Corporation, Polyplastics Co Ltd, Toray Industries, Sumitomo Chemicals, and Solvay S.A. The liquid crystal polymer market report addresses the below-mentioned queries:
Request for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=3968 Multiple Application Opportunities Still Remain Untapped Sales of liquid crystal polymer are intensifying at a rapid pace, with a multitude of applications, ranging from electrical & electronics, and automotive to customer goods, sports, leisure and medical verticals. As per the study, the rapidly emerging technologies, such as 5G communication, 3D printing hold high stakes of growth for the liquid crystal polymer market during the foreseeable period. The study opines a group of researchers have recently developed a new grade of recyclable LCP for fused deposition modelling (FDM) 3D printing, which promise several benefits over the traditional ink models. The potential role of new grade LCP product in revolutionizing the 3D printing technology is anticipated to fillip growth prospects of the market players. 5G communication, on the other hand has emerged as a goldmine of applications for liquid crystal polymer during the forecast period. High flowability, high thermal stability, low water absorption, and low shrinkage properties of LCP, along with ability to fill thin-walled and small products in injection molding are paving way for its multitude applications in building 5G infrastructure. The study opines that although LCP resin & compounds witnessed ~75% of the overall sales in 2018, and are witnessing significant adoption, the analysis indicated that the lucrativeness of liquid crystal polymer films is likely to grow by the end of the forecast period, as they are envisaged to expand at ~6% CAGR during 2019 and 2029. This can be attributed to the growing traction for liquid crystal polymer films to develop high in demand flexible printed circuits and for semiconductor packaging. Furthermore, increasing applications of LCP films in flexible solar cells, owing to its exceptional heat resistance and low water absorbency are also underpinning gains for the market. As per the study, LCP fibers will continue to lose its applications to aramid fibers. On the basis of form, the liquid crystal polymer market study consists of
On the basis of applications, the liquid crystal polymer market study incorporates:
East Asia Leads the Pack While the applications and adoption of liquid crystal polymer continue to gain momentum at a global level, East Asia, led by China remains the most lucrative revenue pocket for market players. East Asia accounted for ~60 of the overall sales of liquid crystal polymer, with China being the largest manufacturer of electronic devices and components across the globe. The bulk applications of LCP in the electronics & electrical industry will continue to keep adoption and thereby gains concentrated in China. Moreover, Japan and China being the hub of headquarters of several market players will continue to pace up the lucrativeness of East Asia. Crucial insights in the liquid crystal polymer market research:
Reasons to choose Fact.MR:
Like it? Share it! More by this author |