Fact.MR study presents the long-term outlook of the liquid crystal polymer market for 2019 to 2029. The liquid crystal polymer market is anticipated to register a volume CAGR of ~5% through 2029. The business report highlights the drivers, restraints, opportunities and trends affecting liquid crystal polymer market growth. The latest Fact.MR study indicates that ~ 46,582 KT of liquid crystal polymer (LCP) were sold in 2018, and it is envisaged that the sales will pick pace by ~5% in 2019. The radical increase in the applications of liquid crystal polymer in electronics & electrical industry, which led to ~70% sales of LCP will continue to pace up lucrative growth avenues for market players through 2029, says the report. Growing penetration of miniaturization trend in electronics & electrical industry has attained all the limelight of stakeholders that are looking forward to expand their product applications.
As the automotive industry continues to embrace the trend of lightweight vehicles, in line with the growing demand for better performing motors and efficient fuel consumption, LCP is emerging as a viable substitute for heavy metal components. Increasing applications of liquid crystal polymer in auto industry led to ~13% sales of LCP in 2018. In thriving automotive industry, LCP is primarily witnessing traction for use in fuel contact components and battery components. Moreover, favorable properties of LCP, such as high chemical resistance, thermal resistance and good mechanical strength along with benefits of light weight continue to make liquid crystal polymers a material of choice for wide applications.
Multiple Application Opportunities Still Remain Untapped
Sales of liquid crystal polymer are intensifying at a rapid pace, with a multitude of applications, ranging from electrical & electronics, and automotive to customer goods, sports, leisure and medical verticals. As per the study, the rapidly emerging technologies, such as 5G communication, 3D printing hold high stakes of growth for the liquid crystal polymer market during the foreseeable period.
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The study opines a group of researchers have recently developed a new grade of recyclable LCP for fused deposition modelling (FDM) 3D printing, which promise several benefits over the traditional ink models. The potential role of new grade LCP product in revolutionizing the 3D printing technology is anticipated to fillip growth prospects of the market players. 5G communication, on the other hand has emerged as a goldmine of applications for liquid crystal polymer during the forecast period. High flowability, high thermal stability, low water absorption, and low shrinkage properties of LCP, along with ability to fill thin-walled and small products in injection molding are paving way for its multitude applications in building 5G infrastructure.
The latest Fact.MR study indicates that ~ 46,582 KT of liquid crystal polymer (LCP) were sold in 2018, and it is envisaged that the sales will pick pace by ~5% in 2019.
The radical increase in the applications of liquid crystal polymer in electronics & electrical industry, which led to ~70% sales of LCP will continue to pace up lucrative growth avenues for market players through 2029, says the report.
We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the liquid crystal polymer market growth.
For enhancing readers’ experience, the report starts with a basic overview about the liquid crystal polymer and its classification.
Further, we have considered 2014 as the base year, 2029 as the estimated year, 2019 – 2029 as the stipulated timeframe.Competitive Assessment: The liquid crystal polymer market report includes global as well as emerging players:Sumitomo Chemical Co., Ltd.Shanghai PRET Composites Co., Ltd.SHENZHEN WOTE ADVANCED MATERIALS CO.,LTD.Toray InternationalOthersEast Asia Leads the Pack While the applications and adoption of liquid crystal polymer continue to gain momentum at a global level, East Asia, led by China remains the most lucrative revenue pocket for market players.
East Asia accounted for ~60 of the overall sales of liquid crystal polymer, with China being the largest manufacturer of electronic devices and components across the globe.
Much to the chagrin of happenings and activists, an increasingly stringent and restrictive regulatory environment apparently has had put a sizeable dent in the plastic industry's growth so far.
It is changing now, with behemoths in the plastics industry starting to adapt and disrupt diverse manufacturing processes across diverse industries, such as electrical & electronics, automotive, and consumer goods, sports & leisure.Request for the Report Summary: https://www.factmr.com/report/3968/liquid-crystal-polymer-marketGlobal plastic production reaching a whopping volume of ~390 Mn Tons in 2018, with APEJ accounting for ~50 of the overall production, which was primarily maintained by wide range of applications of thermoplastics across various verticals.
The bulk adoption of high engineering plastic for applications across electrical and electronics industry in particular, and automotive sector, and potential lucrativeness in the medical applications are highly likely to grow further in the years to come.While highly priced and low-volume polymer -high-performance thermoplastics (HPTPs) continue to garner considerable traction for use in specialized applications that require a combination of extraordinary properties, their adoption is likely to remain bullish in near future.
Moreover, HPTPs are also garnering limelight as a potential replacement for metal parts, as industries shift their focus towards various forms of plastics as light-weighting materials for diverse applications.Materials with versatile profile continue to garner substantial traction, as an increased number of industries have placed their focus on leveraging the multifaceted options, while they aim to suffice the rapidly changing consumer demand for quality-driven products.
Demand for liquid crystal polymers is increasing by leaps and bounds with correspondence to the growth of electrical & electronics industry with concentrated applications for LCP.Liquid crystal polymers are widely leveraged for a variety of surface-mount technology, such as connectors — for example, small-outline, dual inline memory modules for laptop and computers as well as flexible printed circuits (FPCs) for tablets and smartphones.
While providing excellent flow to fill multifaceted geometries in short cycle times, outstanding thermal and chemical resistance, and unique mechanical properties, LCPs achieve UL* 94 V-0 flame retardance without requiring flame retardant additives, and the scrap can be recycled for future use.Request for the Report Customization: https://www.factmr.com/connectus/sample?flag=RC_id=3968About UsFact.MR’s methodology is robust and comprehensive.
