Liquid crystal polymer (LCP) Market: Global Industry Analysis and Forecast (2021-2027) by Type, application and Region

Liquid crystal polymer (LCP) Market was estimated to be 52,407.53 metric tons in 2020. It is expected to reach 66,817.97 metric tons by 2027, registering a CAGR of 4.06% from 2021 to 2027.

Liquid crystal polymer (LCP) Market Overview:

Liquid crystal polymer (LCP) is a super engineering plastic, with a combination of high strength, modulus and impact properties, flame retardance, resistance to a wide range of aggressive chemicals, very low and tailorable coefficients of thermal expansion (CTE), excellent dimensional stability, thin-wall flowability, and unique processability. Due to these excellent characteristics, such thermoplastics are preferred for electrical and electronics applications. Liquid crystal polymer (LCP) Market To know about the Research Methodology :- Request Free Sample Report

Liquid crystal polymer (LCP) Market Dynamics:

LCP is particularly applicable for microwave-frequency electronics due to its low relative dielectric constants, low-dissipation factors, and the commercial availability of laminates. Packaging microelectromechanical systems (MEMS) is another suitable application for LCP. Major developers and manufacturers of electronic components, like EPCOS AG, are employing LCP for its coil formers to produce SMD (surface mount device) transformers used in the telecommunication equipment, as LCPs possess novel properties essential for making miniaturized electronic components for mounting on circuit boards using SMD technology. These thin-wall designs pose a challenge during the injection molding of micro connectors for devices, such as iPads, robots, computers, cell phones, and satellites. A suitable material should withstand reflow soldering without distorting, melting, or blistering, and (LCPs) prove to be the much-needed ticket compared to other traditional polymers. Therefore, LCPs are also injection molded into integrated circuit (IC) sockets, high-frequency (HF) network switches, power modules for wind and solar inverters and converters, custom high-power electrical connectors, and other precision devices. One of the significant challenges for the expansion of the LCP market is the relatively high cost of the polymers due to expensive feedstock. Also, the considerable research activity in the industry has centered on attempting to lower monomer costs. A potential route to lower the price and improve property control is blending liquid crystal polymers with conventional polymers. Interesting concepts, such as self-reinforcing and molecular composites, were developed to describe immiscible and miscible liquid crystal polymer-containing blends. Major challenges encountered in this technology are the inherent immiscibility of mesogenic and conventional polymers, leading to large-scale phase separation, the strong dependence of blend morphology (properties) on processing and polymer variables, and lack of adhesion between phases.

Global Liquid crystal polymer (LCP) Market Segment Analysis:

On the basis of type, the Liquid Crystal Polymer market is segmented into Thermotropic and Lytropic. The thermotropic segment is dominating during the forecast period. Thermotropic liquid crystals are divided into various phases, depending on variations in the temperature. Various phases include: Ø Nematic Ø Smectic Ø Cholesteric/Chiral The first liquid crystal phase is sematic, where there is a layer-like arrangement, as well as translational and rotational motion of molecules. A further increase in temperature leads to the hematic phase, where the molecules rapidly diffuse out of the initial lattice structure and form layer-like arrangements. Most of the players in the market studied manufacture thermotropic LCPs. Owing to the melt process ability of thermotropic LCPs, they are finding more applications. This trend is anticipated to further propel the usage of thermotropic LCPs in various applications. On the basis of Application, it is segmented into electrical and electronics, industrial machinery, automotive, medical, and aerospace. The electrical and electronics segment is dominating with the highest CAGR during the forecast period. The largest end-user of liquid crystal polymers (LCP) is the electrical and electronics industry, followed by the automobile industry. The electrical and electronics industry accounts for almost three-fourth of the LCP market. The downsizing and thinning of electronic components for their utilization in smartphones and new emerging applications are likely to drive the market studied in the coming years. Liquid crystal polymer (LCP) Market 1 LCP material's excellent macroscopic properties are determined by its unique molecular structure. LCP is a completely aromatic liquid crystal polyester polymer with a stiff polymer chain structure. Due to the uniqueness of the molecular structure, it has good vibration absorption characteristics, low dielectric properties, self-reinforcing effect, good chemical resistance and heat resistance, low melt viscosity, small linear expansion rate, small molding shrinkage rate, and excellent extinguishing. LCP also has low moisture absorption and high dielectric performance, making it an ideal material candidate for flexible printed circuits (FPCs), antenna substrates, and housings. As the demand for the internet of things (IoT) products, 5G cellular networks, and video-streaming services expands, the capacity to transfer far greater volumes of data through typically much smaller wired and wireless devices at much higher rates becomes more crucial and complex. As a result, all components used in electronic interconnects are carefully inspected to minimize signal loss/decay, distortion, and interference. In order to upgrade the performance of high-speed connectors and other electronic and electrical components, manufacturers have started to employ high-performance liquid crystal polymers (LCPs).

Global Liquid crystal polymer (LCP) Market Regional Insights:

The Liquid Crystal polymer market is studied for North America, Europe, APAC, MEA, and Latin America region. China is the world’s largest electronics production base and offers tough competition to the existing upstream producers, such as South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, and tablets, among others, have the highest growth rates in the consumer electronics segment of the market in terms of demand. In terms of value, over 50% of the global printed circuits (PCBs) are manufactured in China (as given in the graph), owing to the incentives offered by the government to PCB factories. Moreover, the country is well-known for producing circuit boards at low costs. Among all the PCB types, flexible and multi-layer boards together account for slightly lesser than 60% of all the units produced in China in 2020. Liquid crystal polymer (LCP) Market 2 Japan is the world’s third-largest economy nominal GDP and fourth largest by purchasing power parity. Japan’s GDP growth has been stagnant and has been hovering around 1% for the past decade. In 2018, Japan’s economy registered a growth rate of 0.6%, which slightly decreased to 0.3% in 2019. However, the country’s economy is contracted in 2020, due to the COVID-19 crisis. The Japanese electrical and electronics industry is one of the world’s leading industries. The country is a world leader in the production of video cameras, compact discs, computers, photocopiers, fax machines, cell phones, and various other key computer components. The US electronics market is the largest worldwide, in terms of size. Furthermore, it is expected to remain as the leading market over the forecast period, due to the usage of advanced technology, backed by an increase in the number of R&D centers and increasing demand from the consumers. The consumer electronics segment witnessed a steady growth rate between 2016-19, owing to a surge in demand and production during 2017-18 (as shown in the figure). Currently, there is a significant demand for newer and faster electronic products, due to the rapid pace of innovation, advancements in technology, and R&D activities in the electronics industry in the country. The manufacturing plants and development centers in the United States, have been on developing compact high-end products. This is expected to boost the demand for LCP used in the electronics industry, during the forecast period. Liquid crystal polymer (LCP) Market 3 The objective of the report is to present a comprehensive analysis of the global Liquid crystal polymer (LCP) market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Liquid crystal polymer (LCP) market dynamics, structure by analyzing the market segments and project the global Liquid crystal polymer (LCP) market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Liquid crystal polymer (LCP) market make the report investor’s guide.

Global Liquid crystal polymer (LCP) Market Scope: Inquire before buying

Liquid crystal polymer (LCP) Market 4

Global Liquid crystal polymer (LCP) Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Global Liquid crystal polymer (LCP) Market Key Players

• Solvay SA • Polyplastics Co. Ltd. • Celanese Corporation • Rogers Corporation • Asia International Enterprise (HK) Limited • RTP Company • Kuraray Co. Ltd • Sumitomo Chemical Company • Shanghai PRET Composites Co., Ltd • PolyOne Corporation

Frequently Asked Questions:

1] What segments are covered in Global Liquid crystal polymer (LCP) Market report? Ans. The segments covered in Global Liquid crystal polymer (LCP) Market report are Type, and Application. 2] Which region is held the highest share in the Global Liquid crystal polymer (LCP) Market? Ans. Asia Pacific held the highest share in the Global Liquid crystal polymer (LCP) Market. 3] Who are the top key players in the Global Liquid crystal polymer (LCP) Market? Ans. Solvay SA, Polyplastics Co. Ltd., Celanese Corporation, Rogers Corporation, Asia International Enterprise (HK) Limited, RTP Company, Kuraray Co. Ltd, Sumitomo Chemical Company Shanghai PRET Composites Co., Ltd, PolyOne Corporation 4] What is the market size of the Global Liquid crystal polymer (LCP) market by 2027? Ans. The market volume of the Global Liquid crystal polymer (LCP) market is 66817 Metric Ton by 2027. 5] What was the market size of the Global Liquid crystal polymer (LCP) market in 2020? Ans. The market volume of the Global Liquid crystal polymer (LCP) market was worth 52407 Metric Ton in 2020.
1. Global Liquid crystal polymer (LCP) Market: Research Methodology 2. Global Liquid crystal polymer (LCP) Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Liquid crystal polymer (LCP) Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Liquid crystal polymer (LCP) Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Liquid crystal polymer (LCP) Market Segmentation 4.1. Global Liquid crystal polymer (LCP) Market, by Type (2020-2027) • Thermotropic • Lytropic 4.2. Global Liquid crystal polymer (LCP) Market, by Application (2020-2027) • Electrical and Electronics • Automotive and Transportation • Packaging • Medical Devices • Others 5. North America Liquid crystal polymer (LCP) Market (2020-2027) 5.1. North America Liquid crystal polymer (LCP) Market, by Type (2020-2027) • Thermotropic • Lytropic 5.2. North America Liquid crystal polymer (LCP) Market, by Application (2020-2027) • Electrical and Electronics • Automotive and Transportation • Packaging • Medical Devices • Others 5.3. North America Liquid crystal polymer (LCP) Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Liquid crystal polymer (LCP) Market (2020-2027) 6.1. European Liquid crystal polymer (LCP) Market, by Type (2020-2027) 6.2. European Liquid crystal polymer (LCP) Market, by Application (2020-2027) 6.3. European Liquid crystal polymer (LCP) Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 7. Asia Pacific Liquid crystal polymer (LCP) Market (2020-2027) 7.1. Asia Pacific Liquid crystal polymer (LCP) Market, by Type (2020-2027) 7.2. Asia Pacific Liquid crystal polymer (LCP) Market, by Application (2020-2027) 7.3. Asia Pacific Liquid crystal polymer (LCP) Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest of APAC 8. Middle East and Africa Liquid crystal polymer (LCP) Market (2020-2027) 8.1. Middle East and Africa Liquid crystal polymer (LCP) Market, by Type (2020-2027) 8.2. Middle East and Africa Liquid crystal polymer (LCP) Market, by Application (2020-2027) 8.3. Middle East and Africa Liquid crystal polymer (LCP) Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest of ME&A 9. Latin America Liquid crystal polymer (LCP) Market (2020-2027) 9.1. Latin America Liquid crystal polymer (LCP) Market, by Type (2020-2029) 9.2. Latin America Liquid crystal polymer (LCP) Market, by Application (2020-2029) 9.3. Latin America Liquid crystal polymer (LCP) Market, by Country (2020-2027) • Brazil • Argentina • Rest of Latin America 10. Company Profile: Key players 10.1. Solvay SA 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Polyplastics Co. Ltd. 10.3. Celanese Corporation 10.4. Rogers Corporation 10.5. Asia International Enterprise (HK) Limited 10.6. RTP Company 10.7. Kuraray Co. Ltd 10.8. Sumitomo Chemical Company 10.9. Shanghai PRET Composites Co., Ltd 10.10. PolyOne Corporation

About This Report

Report ID128222
Category Material & Chemical
Published DateNov 2021
Updated Date
Contact Us