Liquid Crystal Polymer (LCP) Market Current and Future Industry Trends, 2017 – 2024

The newly released research at Market Study Report titled “2017-2024 Global Liquid Crystal Polymer (LCP) Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.
Liquid Crystal Polymer (LCP) Market is set to exceed USD 650 million by 2024; according to a new research report. Liquid crystallinity in polymers may occur either by dissolving a polymer in a solvent (lyotropic liquid-crystal polymers) or by heating a polymer above its glass or melting transition point (thermotropic liquid-crystal polymers).[2] Liquid-crystal polymers are present in melted/liquid or solid form.[3] In solid form the main example of lyotropic LCPs is the commercial aramid known as Kevlar. Chemical structure of this aramid consists of linearly substituted aromatic rings linked by amide groups.
Increasing consumer goods demand & strong application outlook in ultra-compact electronic devices like mobiles, laptops & televisions and electrical devices like motors, stators, sockets & PCBs should drive liquid crystal polymer market. Rising per capita income along with growing living standards should complement product demand.
LCPs are high performance engineering plastics based on p-hydroxy phthalic acid (HPA) and related monomers. It has wide application outlook in packaging and consumer goods industry owing to its mechanical & physical properties and processability. It also offers excellent mechanical properties at high temperature, chemical resistance and weatherability.
Liquid crystal polymers market from automotive application should grow at over 5.5% during projected period. This growth in product demand can be ascribed to consumer demand for high-end vehicles and inclination towards miniaturizing electronic devices. LCP?s can be melt processed on any conventional equipment into thin as well as heavy wall components at fast speed propelling industry growth.
U.S. liquid crystal polymer industry will witness steady gains in revenue generation surpassing USD 90 million by 2024. This regional industry growth can be attributed to strong R&D investments for product enhancements. Growing demand for non-petroleum based and environment friendly materials in like automobiles, electronics and consumer goods industries will further bolster product demand.
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Liquid crystal polymer are also wide application in production of sockets, bobbins, connectors, switches, chip carriers, dental tools, pumps, meters and valve liners. These materials emit low viscosity and high flowability filling intricate molds completely making liquid crystal polymers a good choice for manufacturing ultrathin and miniature parts of thickness less than 0.1 mm and shorter cycle times.
Liquid crystal polymer market from consumer goods application will grow significantly by 2024 due to good microwave frequency conductivity with low dissipation factors, commercial availability and relatively low dielectric constant. It is widely used in manufacturing microwave friendly utensils, containers and packaging.
Germany LCP market should signify steady growth and surpass USD 20 million by 2024. These gains can be attributed to increasing number of automobile and OEM industry participants who focus on using lightweight and high-performance materials to comply emission standards set forth by environment protection agencies and improve fuel efficiency.
Global liquid crystal polymers market share is competitive & moderately fragmented with industry participants including Toray, RTP Co., Zeus Industrial, Sumitomo Chemical, Solvay and Celanese. Companies concentrate on improving their distribution network towards other regions and set up manufacturing plants near raw material sources. They adopt strategies including mergers, acquisitions and partnerships to increase their production capacity and expand regional presence.
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Table of Content:
Chapter 4. Liquid Crystal Polymers Market, By Application
4.1. Global liquid crystal polymers market share by application, 2016 & 2024
4.2. Electrical & Electronics
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3. Automotive
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
4.4. Consumer Goods
4.4.1. Market estimates and forecast, 2013-2024
4.4.2. Market estimates and forecast, by region, 2013-2024
4.5. Lighting
4.5.1. Market estimates and forecast, 2013-2024
4.5.2. Market estimates and forecast, by region, 2013-2024
4.6. Medical
4.6.1. Market estimates and forecast, 2013-2024
4.6.2. Market estimates and forecast, by region, 2013-2024
4.7. Others
4.7.1. Market estimates and forecast, 2013-2024
4.7.2. Market estimates and forecast, by region, 2013-2024
Chapter 5. Liquid Crystal Polymers Market, By Region
5.1. Global liquid crystal polymers market share by region, 2016 & 2024
5.2. North America
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by application, 2013-2024
5.2.3. U.S.
5.2.3.1. Market estimates and forecast, 2013-2024
5.2.3.2. Market estimates and forecast, by application, 2013-2024
5.2.4. Canada
5.2.4.1. Market estimates and forecast, 2013-2024
5.2.4.2. Market estimates and forecast, by application, 2013-2024
5.2.5. Mexico
5.2.5.1. Market estimates and forecast, 2013-2024
5.2.5.2. Market estimates and forecast, by application, 2013-2024
5.3. Europe
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by application, 2013-2024
5.3.3. Germany
5.3.3.1. Market estimates and forecast, 2013-2024
5.3.3.2. Market estimates and forecast, by application, 2013-2024
5.3.4. UK
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