Liquid Crystal Polymer (LCP) Market trends research and projections for 2019 - 2024

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Liquid Crystal Polymer (LCP) Market Growth
Outlook with Industry Review and Forecast
2019-2024
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Global Market Scenario of Liquid Crystal Polymer
Industry

• The growing number of innovations and RD
  programs across the polymer space have had a
  profound impact on liquid crystal polymer (LCP)
  market size. Pertaining to the inert and highly
  water-resistant characteristics of LCP, this
  polymer is being prominently used for
  encapsulation of electronics components,
  electronics packaging, and as a base material for
  neural prosthetic devices on large scale, which
  has led to LCP industry size being pegged at USD
  375 million in 2016.
• Considering its numerous benefits, leading
  electronics equipment manufacturers are investing
  heavily in research and development activities to
  enhance the performance of electronic devices.
  For instance, the U.S. based smartphone
  manufacturer, Apple has upgraded its iPhone
  models with liquid crystal antennas, that would
  help improve the transmission speed of LTE data.
  Ongoing developments in the electronics media
  industry such as the are certain to push liquid
  crystal polymer industry share over the years
  ahead.
• Moreover, LCP is one of the 3D quantum liquid
  crystals, which has been touted to transform the
  future of computers, owing to its high speed,
  compatibility with a micro-fabrication process,
  and flexibility. In addition to this, nowadays,
  LCP has become one of the primary components in
  aerospace and automotive applications, where high
  heat deflection is required, pertaining to its
  properties such as lower coefficient of thermal
  expansion, abrasion resistance, and high
  mechanical strength, which would further drive
  LCP industry size.

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• LCPs numerous benefits stand to be one of the
  main driving forces of liquid crystal polymer
  market. On these grounds, several research
  institutes are taking initiatives to improve the
  applicability of material for space applications.
  Recently, the Earth Science Technology Office of
  NASA provided funding to numerous researchers
  from the Georgia Institute of Technology to
  evaluate LCP material electronics applications in
  space a research project that would have
  considerable impact on liquid crystal polymer
  industry share.
• LCP can be incorporated in several electronics
  circuits, as it is ultra-thin (like plastic), can
  even be molded in any shape, and performs well in
  critical temperatures and intense radiation. One
  of the senior research engineers at Glenn
  Research Center of NASA has added that on the
  grounds of its properties, LCP has replaced other
  conventional materials for manufacturing circuit
  boards and antennas in high-frequency
  applications. The growing popularity of flexible
  liquid crystal polymer antennas will thus have a
  significant impact on LCP market outlook over the
  years ahead.

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360 Industry Analysis

• Speaking about the future scope of LCP, it would
  be prudent to mention that recently, a
  groundbreaking research had been unearthed in LCP
  market. Certain research communities detected
  that an artificial iris developed from light
  crystal polymer has the capability to respond
  like the human eye. Unquestionably, this
  discovery would generate new opportunities for
  the biggies in liquid crystal polymer (LCP)
  market, enabling them to penetrate the field of
  ophthalmology.
• Further on, discoveries such as the above have
  even been forecast to propel liquid crystal
  polymer (LCP) industry size, which according to
  Global Market Insights, Inc., will surpass a
  revenue collection of USD 650 million by the end
  of 2024.
•  

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• Competitive Analysis
• Key players in the liquid crystal polymer (LCP)
  Market include Celanese Corporation, Solvay,
  Sumitomo Chemical Company, Polyplastics Co.,
  Toray International, Kuraray America Inc., RTP
  Co., Zeus Industrial Products, TCI Chemicals Co.,
  Ueno Fine Chemicals Industry Ltd.

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