Global Liquid Crystal Polymer Market –
Global Liquid Crystal Polymer Market was valued at US$ 920 Mn in 2019 and expected to reach US$ 1522 Mn by 2026, at a CAGR of 6.5% during the forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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The global liquid crystal polymer market is driven by the increased demand from the end-user industries such as electrical & electronics, consumer goods, automotive, lighting, and medical, among others. Electrical & electronics emerged as the leading application segment. Growing engineering resins demand for manufacturing ultra-thin electrical components is expected to remain a key driving factor for this segment.
Liquid crystal polymer has a unique combination of high stiffness, high-temperature resistance, and high flow makes them particularly well suited to the growing trend of miniaturization into these high flow properties. They can be injection-molded into thin-wall components. Applications such as connectors with high pin density have been driving the notable growth in liquid crystal polymers consumption.
Liquid crystal polymers are utilized in various applications focusing on electronic components that include smartphones, laptops, desktops, and tablets. Furthermore, liquid crystal polymers are consumed for automotive and industrial applications as well as in aerospace and medical. Owing to their increasing consumption in various end-use industries, the liquid crystal polymers market is expected to increase at a high CAGR over the forecast period.
Liquid crystal polymer is extensively used in the automotive industry due to its high strength, low weight, and abrasion resistance properties. Liquid crystal polymer can replace materials such as ceramics, metals, composites, and other plastics owing to resistance to virtually all chemicals, weathering, radiation, and fire. An increase in demand for engineering resins to manufacture ultra-thin electrical components is expected to remain a key driver for the liquid-crystal polymers market.
The Asia Pacific dominates the market in terms of volume as well as value, with China leading the market due to its extensive electrical and electronics industry. Asia Pacific is anticipated to be the fastest expanding market during the forecast period due to an increase in investments in R&D and, a rise in the number of new manufacturing capabilities which is anticipated to witness the Asia Pacific emerge into a prime driver of growth for the global liquid crystal polymers market. North America and Europe are projected to witness significant growth during the forecast period.
Key players operating in the global liquid crystal polymer market are Celanese Corporation, Polyplastics Co., Ltd, Solvay SA., Kuraray Co., Ltd, Lehmann & Voss & Co., SABIC Innovative Plastics, and Toray International, Inc.
The report covers the total market for liquid crystal polymer market has been analyzed based on the Porter's five forces model. The impact of the different market factors, such as drivers, restraints, opportunities, challenges, key issues, SWOT analysis, and technology forecasting is also illustrated in the report. This gives an idea about the key drivers, such as high growth and demand in emerging economies countries.
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Global Liquid Crystal Polymer Market, by Application
• Electrical & Electronics
• Automotive
• Aerospace
• Industrial
• Others (Medical, Cookware)
Global Liquid Crystal Polymer Market, by Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Key Players Operating in the Liquid Crystal Polymer Market:
• Celanese Corporation
• Polyplastics Co., Ltd
• Solvay SA.
• Kuraray Co., Ltd.
• Toray International, Inc.
• SABIC Innovative Plastics
• Lehmann & Voss & Co.
• Sumitomo Chemical
• Polyone Corporation
• Rogers CORPORATION
• Mascot Rubber Stamps
• DUPONT
• ASIA INTERNATIONAL ENTERPRISE (hk) LTD
• RTP Company Shanghai PRET COMPOSITES LTD.
• Ueno Fine Chemicals(JP)
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