Liquid Crystal Polymer Market Insights, Leading Players and Future Scope

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Mushrooming Sales of Consumer Electronics
Driving Liquid Crystal Polymer Demand
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The burgeoning requirement for consumer
electronic devices, on account of the booming
population and the surging per capita income,
especially in the developing countries such as
India, Indonesia, Brazil, and China, is driving
the demand for liquid crystal polymers (LCPs)
across the world. With products such as
smartphones, computers, microwaves, and iPhones
rapidly becoming indispensable parts of
households, the demand for LCPs is shooting up
sharply all over the globe. This is because
these polymers contribute heavily toward the
development of these products, on account of
their excellent mechanical and electrical
properties. Moreover, the ballooning sales of
these products are making companies such as
Kuraray Co. Ltd., Sumitomo Chemical Co. Ltd.,
Celanese Corporation, and Toray Industries Inc.
increase their LCP production and research and
development (RD) activities. Besides these
factors, the soaring sales of automotive
components and medical equipment are also fueling
the demand for LCPs. Due to the above-mentioned
factors, the global liquid crystal polymer market
is exhibiting huge expansion. According to the
estimates of PS Intelligence, a market research
company based in India, the value of the market
will rise from 1,037.4 million in 2017 to
1,447.9 million by 2023. The market is also
expected to progress at a CAGR of 5.7 between
2018 and 2023. Lyotropic and thermotropic are
the two most widely used types of LCPs across the
world. Get the sample pages of this report at
https//www.psmarketresearch.com/market-analysis/l
iquid-crystal- polymer-market/report-sample Betw
een these, the demand for the thermotropic LCPs
was found to be the highest during the last few
years. These LCPs are processed from anisotropic
phases in order to form liquid-crystal phases.
This affects the structure and the orientation
of these molecules. In addition to this, the
end-polymer has good mechanical properties,
because of the self-reinforcing characteristics
that were derived from the macromolecular
orientation in the mesophase. Due to these
characteristics, these polymers are extensively
used for manufacturing electronic
components. Automotive, consumer goods, medical,
heavy engineering, power generation, and
semiconductor and electronics are the major
industries in which LCPs are heavily used.
Amongst these, the semiconductor and electronics
industry generated the highest demand for LCPs
in the past years, due to the growing trend of
downsizing and trimming of electrical components.
Moreover, LCPs have various properties such as
low power dissipation factors and low dielectric
constants, which make them extremely suitable for
use in the semiconductor and electronics
industry. Many LCP producers such as Toray
Industries Inc. and Kuraray Co. Ltd. are making
huge investments in research and facility
expansions. Across the globe, the sales of LCPs
were observed to be the highest in the
Asia-Pacific (APAC)
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• region during the last few years. This was
  because of the existence of semiconductor
  manufacturing hubs in the regional countries such
  as Japan, China, and Taiwan and a thriving
  consumer electronics industry in nations such as
  Vietnam and India.
• Browse full report at https//www.psmarketresearc
  h.com/market- analysis/liquid-crystal-polymer-mar
  ket
• Hence, it can be safely said that the demand for
  LCPs will shoot up around the world in the
  coming years, primarily because of the surging
  sales of consumer electronics, automotive
  components, and medical equipment.
• Market Segmentation by Type
• Thermotropic
• Lyotropic
• Market Segmentation by Industry
• Semiconductor and Electronics
• Automotive
• Medical
• Consumer Goods
• Others (Power Generation and Heavy Engineering)
• Market Segmentation by Geography
• North America Liquid Crystal Polymer Market
• By type
• By Industry

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