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PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1394162
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1394162
Lyotropic Liquid Crystal Polymer Market - Global Lyotropic Liquid Crystal Polymer Market Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 -
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The global lyotropic liquid crystal polymer market is poised for significant growth, with revenues projected to increase from approximately $1.5 billion in 2022 to $2.2 billion by 2030, according to a recent market research report by Fairfield Market Research. The market is expected to achieve a robust Compound Annual Growth Rate (CAGR) of 5.8% between 2023 and 2030. Several factors, including technological advancements, increased applications in automobile engineering, spatial light modulators, and the growth of the automotive industry, are driving this expansion.
Key Trends Driving Market Growth
- 1. Advancement of Technology: One of the primary trends in the lyotropic liquid crystal polymer market is the advancement of technology, leading to new product developments. This trend stimulates auto components and Original Equipment Manufacturer (OEM) production.
- 2. Automobile Engineering: The market is expected to expand due to its numerous uses in automobile engineering, including various vehicle components. The automotive components industry has seen significant growth, contributing to market expansion.
- 3. Intelligent Polymers: The development of intelligent polymers has been aided by the rise in the output of OEM manufacturing equipment. These intelligent polymers find applications in various industries, further driving market growth.
Market Segment Insights
- Thermotropic Type Dominates: The thermotropic type of lyotropic liquid crystal polymer accounted for the largest revenue portion in 2022. This dominance is attributed to its excellent elastic behavior, low viscosity, and outstanding thermal characteristics.
- Electrical & Electronics Segment: The electrical and electronics segment is expected to have the largest market share in 2022. Factors such as the increasing demand for electronic products, government support for electric vehicles, and a mature semiconductor manufacturing sector contribute to the growth of lyotropic liquid crystal polymers in this segment.
Regional Market Insights
- Asia Pacific: Asia Pacific holds the commanding share in the lyotropic liquid crystal polymer market in 2022 and is expected to continue its dominance. China, one of the world's largest electronics manufacturers, contributes significantly to market demand. Rising disposable incomes and expanding demand for electronic devices further drive market growth.
- North America: North America is anticipated to witness gradual expansion in the lyotropic liquid crystal polymer market. The region's adoption of cutting-edge technologies, such as 5G and 3D printing, provides opportunities for market expansion. Additionally, the automotive sector's growth and the need for high-performance, lightweight materials contribute to the demand for lyotropic liquid crystal polymers in the region.
Regulatory Impact
Government support for the electronics sector and initiatives for new goods and technologies, such as electric vehicles, have positively influenced the performance of lyotropic liquid crystal polymers. For example, government backing for the electronics sector has led to improvements in the performance of lyotropic liquid crystals. Initiatives like the EVI Zero Emission Government Fleet Declaration aim to significantly reduce carbon and air pollutant emissions from vehicles, further promoting the growth of lyotropic liquid crystal polymers.
Leaders in the Global Lyotropic Liquid Crystal Polymer Market
The lyotropic liquid crystal polymer market is consolidated, with a few major players dominating globally. Leading companies in the industry include:
- 1. Asia International Enterprise (HK) Limited
- 2. Avaient
- 3. BASF AG
- 4. Chang Chun Plastics Co. Ltd.
- 5. Celanese Corporation
- 6. Daicel Corporation
- 7. Kuraray Co. Ltd
- 8. Polyplastics Co. Ltd.
- 9. Rogers Corporation
- 10. RTP Company
- 11. Shanghai Pret Composites Co., Ltd.
- 12. Solvay SA
- 13. Sumitomo Chemicals Co. Ltd.
- 14. Toray Industries, Inc.
- 15. Ueno Fine Chemicals Industry Limited
Global Lyotropic Liquid Crystal Polymer Market is Segmented as Below:
By Type:
- Thermotropic
- Lyotropic
By Application:
- Electrical and Electronics
- Industrial Machinery
- Consumer Goods
- Lighting
- Medical
- Others
By Geographic Coverage:
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Turkey
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Egypt
- Nigeria
- Rest of the Middle East & and Africa
Table of Contents
1. Executive Summary
- 1.1. Global Lyotropic Liquid Crystal Polymer Market Snapshot
- 1.2. Future Projections
- 1.3. Key Market Trends
- 1.4. Regional Snapshot, by Value, 2022
- 1.5. Analyst Recommendations
2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Lyotropics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
- 2.3. Value Chain Analysis
- 2.4. Porter's Five Forces Analysis
- 2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
- 2.6. Impact of Ukraine-Russia Conflict
- 2.7. Economic Overview
- 2.7.1. World Economic Projections
- 2.8. PESTLE Analysis
3. Global Lyotropic Liquid Crystal Polymer Market Outlook, 2018 - 2030
- 3.1. Global Lyotropic Liquid Crystal Polymer Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 3.1.1. Key Highlights
- 3.1.1.1. Thermotropic
- 3.1.1.2. Lyotropic
- 3.1.1. Key Highlights
- 3.2. Global Lyotropic Liquid Crystal Polymer Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 3.2.1. Key Highlights
- 3.2.1.1. Electrical and Electronics
- 3.2.1.2. Industrial Machinery
- 3.2.1.3. Consumer goods
- 3.2.1.4. Lighting
- 3.2.1.5. Medical
- 3.2.1.6. Others
- 3.2.1. Key Highlights
- 3.3. Global Lyotropic Liquid Crystal Polymer Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
- 3.3.1. Key Highlights
- 3.3.1.1. North America
- 3.3.1.2. Europe
- 3.3.1.3. Asia Pacific
- 3.3.1.4. Latin America
- 3.3.1.5. Middle East & Africa
- 3.3.1. Key Highlights
4. North America Lyotropic Liquid Crystal Polymer Market Outlook, 2018 - 2030
- 4.1. North America Lyotropic Liquid Crystal Polymer Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 4.1.1. Key Highlights
- 4.1.1.1. Thermotropic
- 4.1.1.2. Lyotropic
- 4.1.1. Key Highlights
- 4.2. North America Lyotropic Liquid Crystal Polymer Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 4.2.1. Key Highlights
- 4.2.1.1. Electrical and Electronics
- 4.2.1.2. Industrial Machinery
- 4.2.1.3. Consumer goods
- 4.2.1.4. Lighting
- 4.2.1.5. Medical
- 4.2.1.6. Others
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
- 4.2.1. Key Highlights
- 4.3. North America Lyotropic Liquid Crystal Polymer Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 4.3.1. Key Highlights
- 4.3.1.1. U.S. Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 4.3.1.2. U.S. Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 4.3.1.3. Canada Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 4.3.1.4. Canada Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 4.3.2. BPS Analysis/Market Attractiveness Analysis
- 4.3.1. Key Highlights
5. Europe Lyotropic Liquid Crystal Polymer Market Outlook, 2018 - 2030
- 5.1. Europe Lyotropic Liquid Crystal Polymer Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 5.1.1. Key Highlights
- 5.1.1.1. Thermotropic
- 5.1.1.2. Lyotropic
- 5.1.1. Key Highlights
- 5.2. Europe Lyotropic Liquid Crystal Polymer Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 5.2.1. Key Highlights
- 5.2.1.1. Electrical and Electronics
- 5.2.1.2. Industrial Machinery
- 5.2.1.3. Consumer goods
- 5.2.1.4. Lighting
- 5.2.1.5. Medical
- 5.2.1.6. Others
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
- 5.2.1. Key Highlights
- 5.3. Europe Lyotropic Liquid Crystal Polymer Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 5.3.1. Key Highlights
- 5.3.1.1. Germany Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 5.3.1.2. Germany Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 5.3.1.3. U.K. Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 5.3.1.4. U.K. Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 5.3.1.5. France Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 5.3.1.6. France Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 5.3.1.7. Italy Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 5.3.1.8. Italy Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 5.3.1.9. Turkey Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 5.3.1.10. Turkey Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 5.3.1.11. Russia Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 5.3.1.12. Russia Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 5.3.1.13. Rest of Europe Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 5.3.1.14. Rest of Europe Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
- 5.3.1. Key Highlights
6. Asia Pacific Lyotropic Liquid Crystal Polymer Market Outlook, 2018 - 2030
- 6.1. Asia Pacific Lyotropic Liquid Crystal Polymer Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 6.1.1. Key Highlights
- 6.1.1.1. Thermotropic
- 6.1.1.2. Lyotropic
- 6.1.1. Key Highlights
- 6.2. Asia Pacific Lyotropic Liquid Crystal Polymer Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 6.2.1. Key Highlights
- 6.2.1.1. Electrical and Electronics
- 6.2.1.2. Industrial Machinery
- 6.2.1.3. Consumer goods
- 6.2.1.4. Lighting
- 6.2.1.5. Medical
- 6.2.1.6. Others
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
- 6.2.1. Key Highlights
- 6.3. Asia Pacific Lyotropic Liquid Crystal Polymer Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 6.3.1. Key Highlights
- 6.3.1.1. China Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 6.3.1.2. China Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 6.3.1.3. Japan Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 6.3.1.4. Japan Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 6.3.1.5. South Korea Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 6.3.1.6. South Korea Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 6.3.1.7. India Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 6.3.1.8. India Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 6.3.1.9. Southeast Asia Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 6.3.1.10. Southeast Asia Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 6.3.1.11. Rest of Asia Pacific Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 6.3.1.12. Rest of Asia Pacific Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
- 6.3.1. Key Highlights
7. Latin America Lyotropic Liquid Crystal Polymer Market Outlook, 2018 - 2030
- 7.1. Latin America Lyotropic Liquid Crystal Polymer Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 7.1.1. Key Highlights
- 7.1.1.1. Thermotropic
- 7.1.1.2. Lyotropic
- 7.1.1. Key Highlights
- 7.2. Latin America Lyotropic Liquid Crystal Polymer Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 7.2.1. Key Highlights
- 7.2.1.1. Electrical and Electronics
- 7.2.1.2. Industrial Machinery
- 7.2.1.3. Consumer goods
- 7.2.1.4. Lighting
- 7.2.1.5. Medical
- 7.2.1.6. Others
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
- 7.2.1. Key Highlights
- 7.3. Latin America Lyotropic Liquid Crystal Polymer Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 7.3.1. Key Highlights
- 7.3.1.1. Brazil Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 7.3.1.2. Brazil Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 7.3.1.3. Mexico Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 7.3.1.4. Mexico Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 7.3.1.5. Argentina Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 7.3.1.6. Argentina Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 7.3.1.7. Rest of Latin America Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 7.3.1.8. Rest of Latin America Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
- 7.3.1. Key Highlights
8. Middle East & Africa Lyotropic Liquid Crystal Polymer Market Outlook, 2018 - 2030
- 8.1. Middle East & Africa Lyotropic Liquid Crystal Polymer Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 8.1.1. Key Highlights
- 8.1.1.1. Thermotropic
- 8.1.1.2. Lyotropic
- 8.1.1. Key Highlights
- 8.2. Middle East & Africa Lyotropic Liquid Crystal Polymer Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 8.2.1. Key Highlights
- 8.2.1.1. Electrical and Electronics
- 8.2.1.2. Industrial Machinery
- 8.2.1.3. Consumer goods
- 8.2.1.4. Lighting
- 8.2.1.5. Medical
- 8.2.1.6. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
- 8.2.1. Key Highlights
- 8.3. Middle East & Africa Lyotropic Liquid Crystal Polymer Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 8.3.1. Key Highlights
- 8.3.1.1. GCC Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 8.3.1.2. GCC Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 8.3.1.3. South Africa Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 8.3.1.4. South Africa Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 8.3.1.5. Egypt Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 8.3.1.6. Egypt Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 8.3.1.7. Nigeria Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 8.3.1.8. Nigeria Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 8.3.1.9. Rest of Middle East & Africa Lyotropic Liquid Crystal Polymer Market by Type, Value (US$ Bn), 2018 - 2030
- 8.3.1.10. Rest of Middle East & Africa Lyotropic Liquid Crystal Polymer Market Application, Value (US$ Bn), 2018 - 2030
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
- 8.3.1. Key Highlights
9. Competitive Landscape
- 9.1. Application vs. Application Heatmap
- 9.2. Manufacturer vs Application Heatmap
- 9.3. Company Market Share Analysis, 2022
- 9.4. Competitive Dashboard
- 9.5. Company Profiles
- 9.5.1. Asia International Enterprise (HK) Limited.
- 9.5.2. BASF AG
- 9.5.2.1. Company Overview
- 9.5.2.2. Product Portfolio
- 9.5.2.3. Financial Overview
- 9.5.2.4. Business Strategies and Development
- 9.5.3. Chang Chun Plastics Co. Ltd
- 9.5.3.1. Company Overview
- 9.5.3.2. Product Portfolio
- 9.5.3.3. Financial Overview
- 9.5.3.4. Business Strategies and Development
- 9.5.4. Celanese Corporation
- 9.5.4.1. Company Overview
- 9.5.4.2. Product Portfolio
- 9.5.4.3. Financial Overview
- 9.5.4.4. Business Strategies and Development
- 9.5.5. Daicel Corporation.
- 9.5.5.1. Company Overview
- 9.5.5.2. Product Portfolio
- 9.5.5.3. Financial Overview
- 9.5.5.4. Business Strategies and Development
- 9.5.6. Kuraray Co. Ltd.
- 9.5.6.1. Company Overview
- 9.5.6.2. Product Portfolio
- 9.5.6.3. Financial Overview
- 9.5.6.4. Business Strategies and Development
- 9.5.7. Avaient.
- 9.5.7.1. Company Overview
- 9.5.7.2. Product Portfolio
- 9.5.7.3. Financial Overview
- 9.5.7.4. Business Strategies and Development
- 9.5.8. Polyplastics Co. Ltd.
- 9.5.8.1. Company Overview
- 9.5.8.2. Product Portfolio
- 9.5.8.3. Financial Overview
- 9.5.8.4. Business Strategies and Development
- 9.5.9. Rogers Corporation
- 9.5.9.1. Company Overview
- 9.5.9.2. Product Portfolio
- 9.5.9.3. Business Strategies and Development
- 9.5.10. RTP Company.
- 9.5.10.1. Company Overview
- 9.5.10.2. Product Portfolio
- 9.5.10.3. Financial Overview
- 9.5.10.4. Business Strategies and Development
- 9.5.11. Shanghai Pret Composites Co., Ltd.
- 9.5.11.1. Company Overview
- 9.5.11.2. Product Portfolio
- 9.5.11.3. Financial Overview
- 9.5.11.4. Business Strategies and Development
- 9.5.12. Solvay SA.
- 9.5.12.1. Company Overview
- 9.5.12.2. Product Portfolio
- 9.5.12.3. Financial Overview
- 9.5.12.4. Business Strategies and Development
- 9.5.13. Sumitomo Chemicals Co. Ltd.
- 9.5.13.1. Company Overview
- 9.5.13.2. Product Portfolio
- 9.5.13.3. Financial Overview
- 9.5.13.4. Business Strategies and Development
- 9.5.14. Toray Industries, Inc.
- 9.5.14.1. Company Overview
- 9.5.14.2. Product Portfolio
- 9.5.14.3. Financial Overview
- 9.5.14.4. Business Strategies and Development
- 9.5.15. Ueno Fine Chemicals Industry Limited
- 9.5.15.1. Company Overview
- 9.5.15.2. Product Portfolio
- 9.5.15.3. Financial Overview
- 9.5.15.4. Business Strategies and Development
10. Appendix
- 10.1. Research Methodology
- 10.2. Report Assumptions
- 10.3. Acronyms and Abbreviations
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