PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1222234
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1222234
The global liquid crystal polymer market size stood at US 1,313 million in 2022, and it is expected to grow at a CAGR of 7.60% during 2022 – 2030, to reach USD 2,360 million by 2030. The growth can be primarily ascribed to the surging demand for consumer electronic products, such as smartphones, tablets, personal computers, and smartwatches, and the increasing sales of lightweight vehicles.
Thermotropic type held the largest revenue share, of around 80%, in 2022. This is because it has excellent thermal properties, exhibits superior elastic behavior, and has a low viscosity. It also has applications in different electronic products such as laptops, tablets and televisions.
Thermotropic liquid crystal polymers (LCPs) are processed from anisotropic phases to form liquid-crystal phases (or mesophases). This affects the orientation and structure of these molecules. Furthermore, this polymer has fiber content that gives rise to high mechanical properties as a consequence of self-reinforcing properties derived from macromolecular orientation in the mesophase.