Materials & Chemicals Market Research News

Global liquid crystal polymer market is expected to grow at 5.3% according to new research report

Materials & Chemicals Research

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


Market Overview

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.