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).
$2.38 Billion
8.5%
North America
2022 - 2030
By 2022, the market for liquid crystal polymers is expected to reach USD 2.38 billion. The liquid crystal polymer is a class of aromatic polymers that are monomers. There are many features of these crystal polymers that make them unique. There are crystal polymers that are suitable for high temperatures. Due to their diverse properties, the use of these crystal polymers has a wide range of industrial applications. They are a combination of sulfide and crystal polymer. The new properties make them different from other polymers.
The use of this product is prevalent in the electrical and electronics market. Flexible printed systems and antennas are other products that use crystal polymers. There is a rising demand for electronics products in the global market. The devices such as ovens, smartphones, TV and Pcs are rising. Also, there is a wide range of growth opportunities that will sustain market demand.
The need for thinner and miniature electronics products is rising. The next-generation technologies such as 5D 3D printing are other factors that increase growth. Electric miniaturization is a concept that has high demand in countries such as China. All these factors are expected to expand the market in the forecast period. Also, market value is expected to be immense due to these reasons.Â
Study Objectives of Global 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
September 2021Â
Polyplastics co is announcing its new product launch. This company is also building a new polymer facility in Taiwan. Due to this reason, the production of the market is expected to grow higher. the company will manufacture more than 5000 tons of polymer crystals.Â
January 2021Â
Celanese Corporation is announcing its opening of the new Multiphase LCP plant. This plant will be opened by the company in china. There is a high value of production and supply through this production plant. There is expected to be substantial High-grade LCP.Â
 Intended Audience
Geographic Analysis
The report covers brief analysis of geographical region includes
North America
Europe
APAC
RoW
Report Attribute/Metric | Details |
---|---|
Market Size | USD 2.38 Billion |
CAGR | 8.50 % |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Historical Data | 2019Â &Â 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. |
The liquid crystal polymers market is predicted to touch USD 2.38 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.