As per a new market research report published by Factor & Equilibrium (www.factorandequilibrium.com), “Liquid Crystal Polymer Market – Global Industry Insights Market Size, Estimation and Growth Forecast By Type (Thermotropic and Lyotropic), By Brands (Laperos LCP, Vectra/Zenite, Xydar, Sumikasuper and Others), By End Use Industry (Semiconductor and Electronics, Automotive, Consumer Goods, Healthcare and Others), & By Regions, 2017-2025” is expected to reach USD 2,002.8 Million by 2025 in terms of revenue. In 2016, the market was valued USD 1,253.5 Million in terms of revenue. In terms of volume, Liquid Crystal Polymers market size was 85,272.1 Metric Tons in 2016 and expected to reach 143,463.7 Metric Tons by 2025. Browse 43 Data Tables and 63 Figures in the full report at https://www.factorandequilibrium.com/market-report/liquid-crystal-polymer-market
The liquid crystal polymer market is expected to grow at a healthy rate during 2017 to 2025. Liquid crystals polymer is crystalline aromatic polyesters that are fire resistant and inert in nature.
Applications of liquid crystal polymer include semiconductor and electronics component manufacturing, medical equipment development, nanocomponent manufacturing and automotive component development among others. Liquid crystal polymer (LCP) is increasingly used to develop miniaturized components in consumer electronics such as smartphones, laptops, televisions.
Furthermore, rising application of carbon fiber reinforced liquid crystal polymer in medical devices manufacturing has created significant growth opportunity for the market.
Rising demand for liquid crystal polymer in semiconductor and electronics industry has been boosting the growth of the market
Based on type, the global market has been segmented into thermotropic and lyotropic. Owing to wide scale applications, thermotropic liquid crystal polymer has the largest share in the market.
At present, most of the popular LCP brands are made of thermotropic liquid crystal polymer.
In terms of both revenue and volume, thermotropic was the largest type of liquid crystal polymer in 2016
Based on brands, the liquid crystal polymer market has been segmented into Laperos LCP, Vectra/Zenite, Xydar, Sumikasuper and others. Owing to wide applications in development of thinner electronic components and growing preference among end users for its vibration absorbing property, Laperos LCP has the largest share in the market.
In terms of volume, Laperos LCP was the largest brand of liquid crystal polymer in 2016
By end use industry, the market has been divided into semiconductor and electronics, automotive, consumer goods, healthcare and others. Rising demand for lightweight but hard materials for developing semiconductor & electronics components has increased popularity of liquid crystal polymer in semiconductor and electronics industry.
In terms of both revenue and volume, semiconductor and electronics was the largest end use industry segment for liquid crystal polymer in 2016
By region, the global liquid crystal polymer market has been segmented into five regions; North America, Europe, Asia Pacific (APAC), Middle-East & Africa (MEA), and Latin America. In 2016, Asia Pacific occupied the largest revenue and volume share of the market, accounting for more than 50%.
The large market share can be attributed to high demand of liquid crystal polymer in industries including semiconductor and electronics, automotive and consumer goods.
Asia Pacific occupied the largest revenue and volume share of the market
Leading Player Mapping
Some major players in the market are: Celanese Corporation (The U.S.), Polyplastics Co., Ltd (Japan), Solvay S.A (Belgium), Sumitomo Chemical (Japan), Ensinger GmbH (Japan), SABIC (Saudi Arabia), E-Polymers Co Ltd (South Korea), LATI SpA (Italy), PolyOne Corporation (The U.S.) and Toray International, Inc. (Japan) among others.
The market has been segmented as follows:
Liquid Crystal Polymer Market, by Type
Liquid Crystal Polymer Market, by Brands
- Laperos LCP
Liquid Crystal Polymer Market, by End Use Industry
- Semiconductor and Electronics
- Consumer Goods
Liquid Crystal Polymer Market, by Region:
- North America (The U.S. and Canada)
- Europe (Germany, The U.K, Italy and Rest of the Europe)
- Asia Pacific (China, Japan, India and Rest of the Asia Pacific)
- Middle-East & Africa (MEA) (South Africa, Saudi Arabia and Rest of the MEA)
- Latin America (Brazil, Mexico and Rest of the Latin America)
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