Liquid Crystal Polymers Market Research Report - Forecast to 2030

Liquid Crystal Polymers Market Information- by Type (Thermotropic and Lyotropic) , by Application (Electronic & Electrical, Automotive, Consumer Goods, Surgical Device and Others) and by Region - Forecast to 2030

ID: MRFR/CnM/1482-HCR | February 2021 | Region: Global | 135 pages

Liquid Crystal Polymers Market

Liquid Crystal Polymers Market is projected to be worth USD 2.38 Billion by 2030, registering a CAGR of 8.5% during the forecast period (2022 - 2030).

Segmentation

By Type Thermotropic Lyotropic
By Application Electronic & Electrical Automotive Consumer Goods Surgical Device Others

Key Players

  • Polyplastics Co Ltd.
  • Sumitomo Chemical Co.Ltd.
  • Celanese Corporation
  • Solvay S.A.
  • Ueno Fine Chemicals Industry Ltd.
  • Toray International Inc.
  • SAMSUNG FINE CHEMICALS CO. LTD

Drivers

  • New product developments strong technological innovations and demand for ultra-thin electrical components are adding market growth.
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Liquid Crystal Polymers Market Overview


By 2022, the market for liquid crystal polymers is expected to reach USD 1.28 billion. Various industry sectors, such as consumer products, electronics, and electrical, drive the market. Growing engineering resins and the need for ultra-thin electrical components are driving this market. Liquid crystal polymer demand is being driven by next-generation technologies such as 5G and 3D printing. Liquid crystal polymers are in high demand for various applications, including electrical and electronics, automotive, consumer products, sports and recreation, and medical equipment. The market for liquid-crystal polymers is fueled by the demand for high-quality and long-lasting electrical and electronic devices in rising economies.


LCP is a super engineering plastic with high strength, modulus, impact qualities, and flame retardance. Manufacturers are simplifying gadgets to fit more functions into smaller packages due to the miniaturization trend in many electrical products. The use of electronic devices such as cell phones, laptops, and tablet PCs daily is rapidly expanding. At the same time, as technology advances, these devices become more powerful and less expensive while shrinking in size and weight. LCP provides the features necessary for the successful development of electrical equipment miniaturization.


Study Objectives of Global Liquid crystal polymers Market



  • Studying in detail the global liquid crystal polymers market with respect to type, by application and region in forecasted period 2022.

  • Identifying the market dynamics of Liquid crystal polymers considering driving factors of the market, restrains, opportunities and challenges.

  • Analyzing various factors like value chain analysis and Porters Five Forces model.

  • Providing past and estimates revenue of market segment with respect to APAC, North America, Europe and RoW.

  • Providing strategic profiling of key players in the market, comprehensively analyzing their core competencies and drawing a competitive overview of the market.

  • Tracking mergers and acquisitions, strategic alliances, new product development of each applicant of the liquid crystal polymers market.


Key Players


The key players in global liquid crystal polymers market includes Polyplastics Co., Ltd., Sumitomo Chemical Co., Ltd., Celanese Corporation, Solvay S.A., Ueno Fine Chemicals Industry Ltd., Toray International, Inc., SAMSUNG FINE CHEMICALS CO. LTD., Shanghai PRET Composites Co., Ltd, Vectra/Zenite LCP and  Polyone Corporation.

Recent Development


Mar 2022 Celanese has agreed to buy the majority of DuPont's Mobility and Materials section for $11 billion, bringing together two of the world's biggest engineering polymer firms. In November 2021, DuPont, designated for sale, had $3.5 billion in sales and $800 million in profit before taxes. Celanese, which had revenues of $8.5 billion last year, will more than treble the size of its engineered materials section due to the acquisition. Celanese will gain approximately 5,000 personnel and 29 manufacturing facilities as part of the merger, which the firms want to complete by the end of the year. Many materials utilized in demanding applications, such as electronics and automotive equipment, are included in the transaction.


  Intended Audience



  • Manufacturers and distributors of Liquid crystal polymers.

  • Suppliers and traders of Liquid crystal polymers.

  • Government, associations and industrial bodies.

  • Investors and Trade experts.

  • Consulting in chemical experts.


Geographic Analysis


The report covers brief analysis of geographical region includes


North America



  • US

  • Canada


Europe



  • Germany

  • France

  • Italy

  • Netherlands

  • UK.

  • Rest of Europe


APAC



  • China

  • India

  • Japan

  • Rest of Asia-Pacific


RoW



  • South America

  • Middle East

  • Africa



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2022: USD 1.28 Billion
  • 2030: Significant value
  •   CAGR   (2022-2030): Substantial CAGR
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Type, By Application and By Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Polyplastics Co., Ltd., Sumitomo Chemical Co., Ltd., Celanese Corporation, Solvay S.A., Ueno Fine Chemicals Industry Ltd., Toray International, Inc., SAMSUNG FINE CHEMICALS CO. LTD., Shanghai PRET Composites Co., Ltd, Vectra/Zenite LCP and Polyone Corporation
      Key Market Opportunities   Applications such as connectors with high pin density have been driving a notable growth
      Key Market Drivers   New product developments, strong technological innovations, and demand for ultra-thin electrical components are adding market growth.


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    Frequently Asked Questions (FAQ) :

    The liquid crystal polymers market is predicted to touch USD 1.28 billion by 2022.

    The APAC region is expected to lead the liquid crystal polymers market.

    It finds extensive applications in surgical devices, consumer goods, automotive, electronic and electrical, and others.

    New product developments, strong technological innovations, and demand for ultra-thin electrical components are adding market growth.

    Different strategies adopted by industry players to maintain dominance in the liquid crystal polymers market include new product development, strategic alliances, and mergers and acquisitions.