PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1074866
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1074866
Liquid Crystalline Polymers Market Forecasts to 2028 - Global Analysis By Type (Lyotropic, Thermotropic), Application (Lighting, Automotive, Industrial), and By Geography
According to Stratistics MRC, the Global Liquid Crystalline Polymers Market is accounted for $1.22 billion in 2021 and is expected to reach $2.41 billion by 2028 growing at a CAGR of 10.2% during the forecast period. Liquid crystal polymers are a class of unique aromatic polymers based on 4-hydroxybenzoic acid and related monomers. Liquid crystal polymers possess excellent properties - they are fire-resistant at high temperatures and chemically resistant in very thin-walled applications.
Market Dynamics:
Driver:
Introduction of new generation technologies
Technologies such as 5G and 3D printing are key drivers in increasing demand for liquid crystal polymers. The demand for liquid crystal polymers is growing at a very rapid pace with a huge number of applications, ranging from electrical & electronics and automotive to consumer goods, sports, leisure, and medical devices. Moreover, the increasing application of liquid crystal polymer films in flexible solar cells, due to their exceptional heat resistance and low water absorbency is also underpinning gains for the market. In the emerging 5G communication, liquid crystal polymers are being viewed on a large scale as novel materials with an optimistic outlook for mobile phone antennas.
Restraint:
High cost
The cost of liquid crystal polymers is usually high compared to traditional polymers which is a key challenge and this might affect the market's growth. The manufacturing process of liquid crystal polymers is an energy-intensive and complex process, resulting in high-cost prices. Such high-cost nature of liquid crystal polymers might affect the market's growth during the forecast period. To manufacture liquid crystal polymers, products with high-temperature functions and a high level of technical expertise are needed. So, both the manufacturing process and the final liquid crystal polymer products are expensive. The high price of liquid crystal polymers limits their use to high-end application areas, thus restricting the market growth.
Opportunity:
Emerging market for thermoplastic polymers
Thermoplastics have the characteristics to become liquid when heated and back to the solid-state when cooled. The cycle of melting and freezing can be recurrent. This will allow the plastic to be reshaped by heating it. Liquid crystal polymers are the major thermoplastics utilized for high-temperature applications in various end-use industries. Because of their properties, thermoplastic polymers are gaining importance as an alternative to traditional materials. Thermoplastics are likely to have many emerging applications in the near future, which will further enhance the growth prospects for liquid crystal polymers.
Threat:
Limited market opportunities in developed countries
The US, Germany, the UK, and Japan have highly developed economies and advanced industrial activities. They have a well-established infrastructure for the public, commercial, and transportation sectors. The developed infrastructure in these countries signifies low prospects for new players. Therefore, there is limited scope for the growth of the liquid crystalline polymer market in these countries. Manufacturers of hybrid adhesives & sealants need to develop innovative products to capture newer markets. Thus, limited market opportunities in developed countries act as a key challenge for the growth of the liquid crystalline polymers market.
The thermotropic segment is expected to be the largest during the forecast period
The thermotropic segment is estimated to have a lucrative growth as this type of polymer has excellent thermal properties, low viscosity, and exhibits superior elastic behavior. Thermotropic liquid crystal polymers are extensively recognized polymers owing to their application in various electronics. Because of such diverse properties and uses, market players and research organizations are expanding the portfolio of thermotropic liquid crystal polymer.
The electrical & electronics segment is expected to have the highest CAGR during the forecast period
The electrical & electronics segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the massive growth in the demand for electronic products globally. The high-quality properties of liquid crystal polymers allow the massive use of liquid crystal polymers in various electronic product components and parts such as antenna substrates and housings, chip carriers, flexible printed circuits, etc.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to rapid expansion of the electrical & electronics industry, increasing domestic demand, coupled with affordable manufacturing facilities, and increasing population and demands, accompanied by initiatives for new technologies and products. The increasing electrical & electronics, automobile, and consumer goods industries are propelling the demand for liquid crystal polymers in the region.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period owing to the presence of major automotive OEMs along with consumer inclination towards high-end automobiles, recent advancements in vehicular electronic devices complementing compact design and impact resistance, and increasing industrial machinery application substituting ceramic materials and mass transfer packaging in chemical industries.
Key players in the market
Some of the key players profiled in the Liquid Crystalline Polymers Market include Shenzhen WOTE Advanced Materials Co Ltd, UENO Fine Chemicals Industry Ltd, Toray Industries, Inc., Sumitomo Chemicals Co. Ltd., Chang Chun Plastics Co. Ltd, Solvay S.A, Polyplastics Co., Ltd, Shanghai PRET Composites Co. Ltd, Celanese Corporation and Seyang Polymer.
Key Developments:
In Jan 2021, Celanese Corporation announced its plan to build a world-class liquid crystal polymer (LCP) plant in China. Through this new LCP facility, the company will be able to expand its high-value Zenite and Vectra LCP product lines.
In July 2019, Sumitomo Chemicals Co. Ltd. developed three new LCPs, which include SumikaSuper E6205L, SumikaSuper SR1205L, and SumikaSuper SZ6911EM. These LCPs are specifically designed for high-speed connectors such as backplanes and automotive connectors for infotainment.
Molding Types Covered:
- Extrusion Molding
- Injection Molding
Categories Covered:
- Main Chain LC Polymers
- Side Chain LC Polymers
Types Covered:
- Lyotropic
- Thermotropic
Polymer Types Covered:
- Liquid Crystal Polymer Resins & Compounds
- Liquid Crystal Polymer Laminates
- Liquid Crystal Polymer Films
- Liquid Crystal Polymer Fibers
Brands Covered:
- Xydar
- Vectra/Zenite
- Sumikasuper
- Siveras LCP Resin
- Laperos LCP
Shapes Covered:
- Disc-Shaped Molecules
- Banana-Shaped Molecules
Phases Covered:
- Smectic Phase
- Nematic phase
- Discotic Phase
- Cholesteric Phase
Applications Covered:
- Consumer Goods, Sports & Leisure
- Electrical & Electronics
- Lighting
- Healthcare & Medical Devices
- Automotive
- Food and Beverage Containers
- Aerospace & Defense
- Chemical Processing
- Industrial
- Conducting Foam
- LC Thermometer
- Displays
- Kevlar
- Heat Sensitive Cameras
- Solar cells
- Optical imaging
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Liquid Crystalline Polymers Market, By Molding Type
- 5.1 Introduction
- 5.2 Extrusion Molding
- 5.3 Injection Molding
6 Global Liquid Crystalline Polymers Market, By Category
- 6.1 Introduction
- 6.2 Main Chain LC Polymers
- 6.3 Side Chain LC Polymers
7 Global Liquid Crystalline Polymers Market, By Type
- 7.1 Introduction
- 7.2 Lyotropic
- 7.3 Thermotropic
8 Global Liquid Crystalline Polymers Market, By Polymer Type
- 8.1 Introduction
- 8.2 Liquid Crystal Polymer Resins & Compounds
- 8.3 Liquid Crystal Polymer Laminates
- 8.4 Liquid Crystal Polymer Films
- 8.5 Liquid Crystal Polymer Fibers
9 Global Liquid Crystalline Polymers Market, By Brands
- 9.1 Introduction
- 9.2 Xydar
- 9.3 Vectra/Zenite
- 9.4 Sumikasuper
- 9.5 Siveras LCP Resin
- 9.6 Laperos LCP
10 Global Liquid Crystalline Polymers Market, By Shape
- 10.1 Introduction
- 10.2 Disc-Shaped Molecules
- 10.3 Banana-Shaped Molecules
11 Global Liquid Crystalline Polymers Market, By Phase
- 11.1 Introduction
- 11.2 Smectic Phase
- 11.3 Nematic phase
- 11.4 Discotic Phase
- 11.5 Cholesteric Phase
12 Global Liquid Crystalline Polymers Market, By Application
- 12.1 Introduction
- 12.2 Consumer Goods, Sports & Leisure
- 12.3 Electrical & Electronics
- 12.3.1 Printed Circuit Boards
- 12.3.2 Flexible Printed Circuits
- 12.3.3 Connectors
- 12.3.4 Antenna Substrates
- 12.3.5 Chip Carriers
- 12.4 Lighting
- 12.5 Healthcare & Medical Devices
- 12.5.1 Surgical Instruments
- 12.5.2 Dental Tools
- 12.5.3 Surgical Device Control Cables
- 12.5.4 Cannulae
- 12.5.5 Sterilizable Trays
- 12.6 Automotive
- 12.6.1 Solenoids
- 12.6.2 Ignition & Transmission Components
- 12.6.3 Reflectors
- 12.6.4 Lamp Holders
- 12.6.5 Sensors
- 12.6.6 Fog Lamp Bezels
- 12.7 Food and Beverage Containers
- 12.8 Aerospace & Defense
- 12.9 Chemical Processing
- 12.9.1 Valve Liners
- 12.9.2 Pumps
- 12.9.3 Meters
- 12.10 Industrial
- 12.10.1 Printers
- 12.10.2 Measuring Instruments
- 12.10.3 Fax Machine Components
- 12.10.4 Copiers
- 12.11 Conducting Foam
- 12.12 LC Thermometer
- 12.13 Displays
- 12.14 Kevlar
- 12.15 Heat Sensitive Cameras
- 12.16 Solar cells
- 12.17 Optical imaging
13 Global Liquid Crystalline Polymers Market, By Geography
- 13.1 Introduction
- 13.2 North America
- 13.2.1 US
- 13.2.2 Canada
- 13.2.3 Mexico
- 13.3 Europe
- 13.3.1 Germany
- 13.3.2 UK
- 13.3.3 Italy
- 13.3.4 France
- 13.3.5 Spain
- 13.3.6 Rest of Europe
- 13.4 Asia Pacific
- 13.4.1 Japan
- 13.4.2 China
- 13.4.3 India
- 13.4.4 Australia
- 13.4.5 New Zealand
- 13.4.6 South Korea
- 13.4.7 Rest of Asia Pacific
- 13.5 South America
- 13.5.1 Argentina
- 13.5.2 Brazil
- 13.5.3 Chile
- 13.5.4 Rest of South America
- 13.6 Middle East & Africa
- 13.6.1 Saudi Arabia
- 13.6.2 UAE
- 13.6.3 Qatar
- 13.6.4 South Africa
- 13.6.5 Rest of Middle East & Africa
14 Key Developments
- 14.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 14.2 Acquisitions & Mergers
- 14.3 New Product Launch
- 14.4 Expansions
- 14.5 Other Key Strategies
15 Company Profiling
- 15.1 Shenzhen WOTE Advanced Materials Co Ltd
- 15.2 UENO Fine Chemicals Industry Ltd
- 15.3 Toray Industries, Inc.
- 15.4 Sumitomo Chemicals Co. Ltd.
- 15.5 Chang Chun Plastics Co. Ltd
- 15.6 Solvay S.A
- 15.7 Polyplastics Co., Ltd
- 15.8 Shanghai PRET Composites Co. Ltd
- 15.9 Celanese Corporation
- 15.10 Seyang Polymer
List of Tables
- Table 1 Global Liquid Crystalline Polymers Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Liquid Crystalline Polymers Market Outlook, By Molding Type (2020-2028) ($MN)
- Table 3 Global Liquid Crystalline Polymers Market Outlook, By Extrusion Molding (2020-2028) ($MN)
- Table 4 Global Liquid Crystalline Polymers Market Outlook, By Injection Molding (2020-2028) ($MN)
- Table 5 Global Liquid Crystalline Polymers Market Outlook, By Category (2020-2028) ($MN)
- Table 6 Global Liquid Crystalline Polymers Market Outlook, By Main Chain LC Polymers (2020-2028) ($MN)
- Table 7 Global Liquid Crystalline Polymers Market Outlook, By Side Chain LC Polymers (2020-2028) ($MN)
- Table 8 Global Liquid Crystalline Polymers Market Outlook, By Type (2020-2028) ($MN)
- Table 9 Global Liquid Crystalline Polymers Market Outlook, By Lyotropic (2020-2028) ($MN)
- Table 10 Global Liquid Crystalline Polymers Market Outlook, By Thermotropic (2020-2028) ($MN)
- Table 11 Global Liquid Crystalline Polymers Market Outlook, By Polymer Type (2020-2028) ($MN)
- Table 12 Global Liquid Crystalline Polymers Market Outlook, By Liquid Crystal Polymer Resins & Compounds (2020-2028) ($MN)
- Table 13 Global Liquid Crystalline Polymers Market Outlook, By Liquid Crystal Polymer Laminates (2020-2028) ($MN)
- Table 14 Global Liquid Crystalline Polymers Market Outlook, By Liquid Crystal Polymer Films (2020-2028) ($MN)
- Table 15 Global Liquid Crystalline Polymers Market Outlook, By Liquid Crystal Polymer Fibers (2020-2028) ($MN)
- Table 16 Global Liquid Crystalline Polymers Market Outlook, By Brands (2020-2028) ($MN)
- Table 17 Global Liquid Crystalline Polymers Market Outlook, By Xydar (2020-2028) ($MN)
- Table 18 Global Liquid Crystalline Polymers Market Outlook, By Vectra/Zenite (2020-2028) ($MN)
- Table 19 Global Liquid Crystalline Polymers Market Outlook, By Sumikasuper (2020-2028) ($MN)
- Table 20 Global Liquid Crystalline Polymers Market Outlook, By Siveras LCP Resin (2020-2028) ($MN)
- Table 21 Global Liquid Crystalline Polymers Market Outlook, By Laperos LCP (2020-2028) ($MN)
- Table 22 Global Liquid Crystalline Polymers Market Outlook, By Shape (2020-2028) ($MN)
- Table 23 Global Liquid Crystalline Polymers Market Outlook, By Disc-Shaped Molecules (2020-2028) ($MN)
- Table 24 Global Liquid Crystalline Polymers Market Outlook, By Banana-Shaped Molecules (2020-2028) ($MN)
- Table 25 Global Liquid Crystalline Polymers Market Outlook, By Phase (2020-2028) ($MN)
- Table 26 Global Liquid Crystalline Polymers Market Outlook, By Smectic Phase (2020-2028) ($MN)
- Table 27 Global Liquid Crystalline Polymers Market Outlook, By Nematic phase (2020-2028) ($MN)
- Table 28 Global Liquid Crystalline Polymers Market Outlook, By Discotic Phase (2020-2028) ($MN)
- Table 29 Global Liquid Crystalline Polymers Market Outlook, By Cholesteric Phase (2020-2028) ($MN)
- Table 30 Global Liquid Crystalline Polymers Market Outlook, By Application (2020-2028) ($MN)
- Table 31 Global Liquid Crystalline Polymers Market Outlook, By Consumer Goods, Sports & Leisure (2020-2028) ($MN)
- Table 32 Global Liquid Crystalline Polymers Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
- Table 33 Global Liquid Crystalline Polymers Market Outlook, By Printed Circuit Boards (2020-2028) ($MN)
- Table 34 Global Liquid Crystalline Polymers Market Outlook, By Flexible Printed Circuits (2020-2028) ($MN)
- Table 35 Global Liquid Crystalline Polymers Market Outlook, By Connectors (2020-2028) ($MN)
- Table 36 Global Liquid Crystalline Polymers Market Outlook, By Antenna Substrates (2020-2028) ($MN)
- Table 37 Global Liquid Crystalline Polymers Market Outlook, By Chip Carriers (2020-2028) ($MN)
- Table 38 Global Liquid Crystalline Polymers Market Outlook, By Lighting (2020-2028) ($MN)
- Table 39 Global Liquid Crystalline Polymers Market Outlook, By Healthcare & Medical Devices (2020-2028) ($MN)
- Table 40 Global Liquid Crystalline Polymers Market Outlook, By Surgical Instruments (2020-2028) ($MN)
- Table 41 Global Liquid Crystalline Polymers Market Outlook, By Dental Tools (2020-2028) ($MN)
- Table 42 Global Liquid Crystalline Polymers Market Outlook, By Surgical Device Control Cables (2020-2028) ($MN)
- Table 43 Global Liquid Crystalline Polymers Market Outlook, By Cannulae (2020-2028) ($MN)
- Table 44 Global Liquid Crystalline Polymers Market Outlook, By Sterilizable Trays (2020-2028) ($MN)
- Table 45 Global Liquid Crystalline Polymers Market Outlook, By Automotive (2020-2028) ($MN)
- Table 46 Global Liquid Crystalline Polymers Market Outlook, By Solenoids (2020-2028) ($MN)
- Table 47 Global Liquid Crystalline Polymers Market Outlook, By Ignition & Transmission Components (2020-2028) ($MN)
- Table 48 Global Liquid Crystalline Polymers Market Outlook, By Reflectors (2020-2028) ($MN)
- Table 49 Global Liquid Crystalline Polymers Market Outlook, By Lamp Holders (2020-2028) ($MN)
- Table 50 Global Liquid Crystalline Polymers Market Outlook, By Sensors (2020-2028) ($MN)
- Table 51 Global Liquid Crystalline Polymers Market Outlook, By Fog Lamp Bezels (2020-2028) ($MN)
- Table 52 Global Liquid Crystalline Polymers Market Outlook, By Food and Beverage Containers (2020-2028) ($MN)
- Table 53 Global Liquid Crystalline Polymers Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
- Table 54 Global Liquid Crystalline Polymers Market Outlook, By Chemical Processing (2020-2028) ($MN)
- Table 55 Global Liquid Crystalline Polymers Market Outlook, By Valve Liners (2020-2028) ($MN)
- Table 56 Global Liquid Crystalline Polymers Market Outlook, By Pumps (2020-2028) ($MN)
- Table 57 Global Liquid Crystalline Polymers Market Outlook, By Meters (2020-2028) ($MN)
- Table 58 Global Liquid Crystalline Polymers Market Outlook, By Industrial (2020-2028) ($MN)
- Table 59 Global Liquid Crystalline Polymers Market Outlook, By Printers (2020-2028) ($MN)
- Table 60 Global Liquid Crystalline Polymers Market Outlook, By Measuring Instruments (2020-2028) ($MN)
- Table 61 Global Liquid Crystalline Polymers Market Outlook, By Fax Machine Components (2020-2028) ($MN)
- Table 62 Global Liquid Crystalline Polymers Market Outlook, By Copiers (2020-2028) ($MN)
- Table 63 Global Liquid Crystalline Polymers Market Outlook, By Conducting Foam (2020-2028) ($MN)
- Table 64 Global Liquid Crystalline Polymers Market Outlook, By LC Thermometer (2020-2028) ($MN)
- Table 65 Global Liquid Crystalline Polymers Market Outlook, By Displays (2020-2028) ($MN)
- Table 66 Global Liquid Crystalline Polymers Market Outlook, By Kevlar (2020-2028) ($MN)
- Table 67 Global Liquid Crystalline Polymers Market Outlook, By Heat Sensitive Cameras (2020-2028) ($MN)
- Table 68 Global Liquid Crystalline Polymers Market Outlook, By Solar cells (2020-2028) ($MN)
- Table 69 Global Liquid Crystalline Polymers Market Outlook, By Optical imaging (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
