Liquid Crystal Polymer Market Size and Share Estimation, Trends with Latest Technologies, Product Outlook 2022-2031

Liquid crystal polymers (LCPs) are chemically aromatic co-polyesters. But they differ from the engineering plastics PET and PBT most notably in their molecular structure. They are known for their high temperature resistance, excellent mechanical properties, good solvent resistance and low water absorption compared to other heat-resistant polymers. They have good electrical insulation properties, low flammability and a low coefficient of thermal expansion. LCPs exhibit very low viscosity and high flow to completely fill small and intricate molds, making LCPs the favorite choice for making miniature and ultrathin parts down to 0.1-mm wall thickness with extremely short cycle times. LCPs are used in electrical, automotive, chemical processing, medical, and household applications. They are also used for oven and microwave cookery. The LCPs market is projected to register a CAGR of 6.0% between 2022 and 2031 to reach USD 1.2 billion, by 2031.

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Electrical & electronics segment is estimated to be the largest application of the LCPs market. Liquid crystal polymer segment is projected to grow at the highest rate in global LCPs market between 2022 and 2031. Increasing engineering resin substitutes for ultra-thin components is one of the major reasons for the growth in this market.

Asia-Pacific is leading the LCPs market. Growth in Asia-Pacific is led by the rising demand from electrical & electronics applications, consumer goods, and automotive, lightning, medical applications. Major brands like Polyplastics (Japan), SUMIKASUPER LCP by Sumitomo Chemical (Japan) and SIVERAS LCP by Toray international (Japan) are the major players which dominate this market. The demand is expected to grow at a comparatively slower pace in North America and Europe as LCPs market has nearly saturated in the region. XYDAR LCP by Solvay S.A. (Belgium) and Vectra/Zenite by Celanese Corporation (U.S) are the majors brands which cater to the European and the North American region respectively.

The report analyzes the LCPs market trends and forecasts till 2031. The market size has been provided in terms of market volume (Tons) and value (USD million). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, product portfolio, recent developments, and company strategy.

The LCPs market is projected to register strong growth rate between 2022 and 2031. The company profiled in this report includes Polyplastics Co., Ltd (Japan), Celanese Corporation (U.S.), Sumitomo Chemical (Japan), Solvay S.A. (Belgium), Toray International, Inc. (Japan), Ueno Fine Chemicals Industry Ltd. (Japan), Shanghai PRET Composites Co., Ltd (Japan), among others.

AVAILABLE CUSTOMIZATIONS

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

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Product Analysis

 Product Matrix that gives a detailed comparison of product portfolio of each company

Regional Analysis

 Further breakdown of a region with respect to a particular country

Company Information

 Detailed analysis and profiling of additional market players (Up to 5).

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:Lauren Brown

Shibuya Data Count
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