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PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1055797

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PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1055797

Liquid Crystal Polymer Market: Current Analysis and Forecast (2021-2027)

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Global Liquid Crystal Polymer Market is anticipated to grow at a CAGR of around 6% during the forecast period (2021-2027). Over the decades, a surge in demand of vehicles has been observed due to increasing industrialization across the globe and growing consumer purchasing power resulting in higher sales of automobiles. LCPs are utilized in making automotive ignition system components and sensors for car safety belts. Thus, with increase in sales of automobiles demand for LCP's would rise. For instance, production of automobiles increased to 91.7 million in 2019 compared to 89.7 million in 2014. However, in 2020 production decreased to 77.6 million due to manufacturing shutdown in order to curtail the spread of COVID-19. Further, increasing digitalization has helped electronics industry grow at a rapid rate and rose the demand for computers and laptops. LCP is one of the most suitable materials for computer fans due to their large tensile strength and rigidity. Therefore, with growing demand of computers and laptop would escalate the demand for LCP.

Some of the major players operating in the market include: Polyplastics Co. Ltd, Solvay S.A., Celanese Corporation, Toray Industries Inc., Kuraray Co. Ltd, Shanghai Pret Composites Co. Ltd., Ueno Fine Chemicals Industry Ltd., RTP Company, Zeus Industrial Products Inc., Chang Chun Plastics Co. Ltd. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.

Insights Presented in the Report

"Amongst application, electrical & electronics category held considerable market share in 2020."

Based on application, market is categorized into electrical & electronics, consumer goods, automotive, lighting, medical, and others. Among all, electrical & electronics held prominent market share owing to rising digitalization, disposable income of population and affordable internet leading to high penetration of electrical & electronics product among consumers. LCP is extensively used for printed circuit boards, fiber optic strength members and conductor reinforcements as it provides outstanding moisture resistance and high dielectric strength couples with increased temperature resistance. Therefore, this combination with excellent stability along with low coefficient of linear thermal expansion makes LCP unique fiber for specialized electronic uses.

Further, LCP has medical applications as well. LCP monofilament fibers are used for the production of catheters which are fully compatible with MRI. Using both MRI and catheterization usually require sedation or general anesthesia. With the help of LCP more technical advancements have been made by combining them into a single procedure that reduces the sedation requirement and associated risk to the patient, as well as the overall cost.

"Asia Pacific represents considerable market share in the Global Liquid Crystal Polymer Market."

For a better understanding of the market adoption of liquid crystal polymer, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. APAC held significant share of liquid crystal polymer market. Asia Pacific, led by China, Japan, and India, witnessed steady growth owing to strong technological innovations and new product development initiations undertaken by industry players. LCP is one the new developed product and it has excellent flow properties improving moldability along with outstanding mechanical properties at high temperatures, inherent flame retardancy, excellent chemical resistance and good weatherability would propel the liquid crystal polymer market. Technological innovations along with widening application scope of automotive, packaging and electronics industries would drive liquid crystal polymer market growth in the region. This growth in product demand can be attributed to environment-friendliness, low maintenance cost, enhanced performance characteristics such as low coefficient of thermal expansion, minimal moisture absorption, high strength of modulus, abrasion resistance and flexibility.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional & country-level analysis of the industry

Customization Options:

The global liquid crystal polymer market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Product Code: UMCH21632

TABLE OF CONTENTS

1 MARKET INTRODUCTION

  • 1.1. Market Definitions
  • 1.2. Limitation
  • 1.3. Stake Holders
  • 1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1. Research Process of the Liquid Crystal Polymer Market
  • 2.2. Research Methodology of the Liquid Crystal Polymer Market
  • 2.3. Forecasting Method
  • 2.4. Respondent Profile
  • 2.5. Main Objective of the Liquid Crystal Polymer Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL LIQUID CRYSTAL POLYMER MARKET COVID-19 IMPACT

6 GLOBAL LIQUID CRYSTAL POLYMER MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

  • 7.1. Thermotropic
  • 7.2. Lyotropic

8 MARKET INSIGHTS BY APPLICATION

  • 8.1. Electrical & Electronics
  • 8.2. Consumer Goods
  • 8.3. Automotive
  • 8.4. Lighting
  • 8.5. Medical
  • 8.6. Others

9 MARKET INSIGHTS BY REGION

  • 9.1. North America Liquid Crystal Polymer Market
    • 9.1.1. United States
    • 9.1.2. Canada
    • 9.1.3. Rest of North America
  • 9.2. Europe Liquid Crystal Polymer Market
    • 9.2.1. Germany
    • 9.2.2. France
    • 9.2.3. United Kingdom
    • 9.2.4. Spain
    • 9.2.5. Rest of Europe
  • 9.3. Asia Pacific Liquid Crystal Polymer Market
    • 9.3.1. China
    • 9.3.2. India
    • 9.3.3. Australia
    • 9.3.4. Japan
    • 9.3.5. Rest of Asia Pacific
  • 9.4. Rest of World Liquid Crystal Polymer Market

10 LIQUID CRYSTAL POLYMER MARKET DYNAMICS

  • 10.1. Market Drivers
  • 10.2. Market Challenges
  • 10.3. Impact Analysis

11 LIQUID CRYSTAL POLYMER MARKET OPPORTUNITIES

12 LIQUID CRYSTAL POLYMER MARKET TRENDS

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY SIDE ANALYSIS

  • 14.1. Demand Side Analysis
  • 14.2. Supply Side Analysis
    • 14.2.1. Top Product Launches
    • 14.2.2. Top Business Partnerships
    • 14.2.3. Top Business Expansions, Investments and Divestitures
    • 14.2.4. Top Merger and Acquisitions

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

  • 16.1. Competitive Landscape
    • 16.1.1. Company Shares, By Revenue

17 COMPANY PROFILED

  • 17.1. Polyplastics Co. Ltd.
  • 17.2. Solvay S.A.
  • 17.3. Celanese Corporation
  • 17.4. Toray Industries Inc.
  • 17.5. Kuraray Co. Ltd.
  • 17.6. Shanghai Pret Composites Co. Ltd.
  • 17.7. Ueno Fine Chemicals Industry Ltd.
  • 17.8. RTP Company
  • 17.9. Zeus Industrial Products Inc.
  • 17.10. Chang Chun Plastics Co. Ltd.

18 DISCLAIMER

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