Liquid Crystal Polymers Market - Trends Forecast Till 2028

Liquid Crystal Polymers Market with Covid-19 Impact Analysis by Application (Electrical & Electronics, Consumer Goods, Automotive, Lighting, Medical), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-CM-LCPM-807

Format:  

Number of Pages: 249

Domain: Chemicals & Materials

Liquid Crystal Polymers Market – Trends Forecast Till 2028

The liquid crystal polymers market is projected to reach a CAGR of 9.2% from USD 1.2 billion in 2021.

Liquid-crystal polymers (LCPs) are a class of aromatic polymers. They are unreactive and inert, resistant to fire, and perform well under harsh environments. LCPs offer high resistance to heat, electricity, and tolerance to chemical-resistance. These properties allow these components to perform well even in harsh environment making them capable for tolerating extreme heat conditions as well as resistant towards strong chemicals.

Demand for high-quality and durable electrical and electronic products in emerging economies are some of the factors that have supported long-term expansion for Liquid Crystal Polymers Market.

Liquid crystal polymers manufacturers have also experienced a negative impact of COVID-19 on sales volume in the first and second quarters of 2020. Major players in the market are mitigating the risk through a strong focus on local management and on market opportunities.

Liquid Crystal Polymers Market Research Report

APAC to hold the largest market share in liquid crystal polymers market, in terms of value and volume during the forecast period. The growth of the liquid crystal polymers market in APAC is due to rapid expansion of the electrical & electronics industry.

Liquid Crystal Polymers Market is segmented into application and region.

On the basis of Application

  • Electrical & electronics
  • Consumer goods
  • Automotive
  • Lighting
  • Medical

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Liquid Crystal Polymers Market Primary Respondent

 

Key Players

  • Polyplastics Co. Ltd
  • Celanese Corporation
  • Sumitomo Chemical Company
  • Shenzhen Wote Advanced Materials Co. Ltd
  • Kingfa Sci. & Tech. Co. Ltd.
  • Solvay S.A.
  • Toray Industries, Inc.
  • Kuraray Co. Ltd
  • Shanghai Pret Composites Co. Ltd.
  • UENO Fine Chemicals Industry Ltd.
  • RTP Company
  • ZEUS Industrial Products, Inc.
  • Chang Chun Plastics Co. Ltd
  • Lotte Fine Chemicals Co. Ltd
  • Mitsui Chemicals

Recent Developments

  • In September 2021, Polyplastics Co. Ltd decided to build a new polymerization facility at Polyplastics Taiwan Co. Ltd with a production capacity of 5,000 tons per year.
  • In August 2021, Sumitomo Chemical planned to raise the price of its liquid crystal polymer (LCP), as a result of rising raw material and logistics costs.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Liquid Crystal Polymers Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 1.2 billion

Growth Rate

CAGR of 9.2% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

Application and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Polyplastics Co. Ltd, Celanese Corporation, Sumitomo Chemical Company, Shenzhen Wote Advanced Materials Co. Ltd, Kingfa Sci. & Tech. Co. Ltd, Solvay S.A., Toray Industries, Inc., Kuraray Co. Ltd, Shanghai Pret Composites Co. Ltd., UENO Fine Chemicals Industry Ltd., RTP Company, ZEUS Industrial Products, Inc., Chang Chun Plastics Co. Ltd, Lotte Fine Chemicals Co. Ltd., Mitsui Chemicals

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