Global Liquid Crystal Polymer (LCP) Market by Type (LCP Films, LCP Laminates), by Application (Electrical and Electronics, Automotive and Transportation, Packaging, Medical Devices, others) and Regions (Asia Pacific, Europe, North America, Middle East & Africa, and Latin America) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
Report ID : QR1001398 | Industries : Chemicals & Materials | Published On :January 2022 | Page Count : 249Global Liquid Crystal Polymer (LCP) Market
According to MRFR, the global Liquid Crystal Polymer (LCP) Films and Laminates Market was valued at USD 115,912.0 Thousand in 2017 and is expected to grow at a CAGR of 5.85 percent to reach around USD 162,116.7 Thousand by the end of 2030. The expanding automobile and transportation industries are both expected to fuel global economic growth during the forecast period.
Drivers: Global Liquid Crystal Polymer (LCP) Market
The Driving Factors of Global liquid crystal polymer (LCP) films and laminates industry is undergoing transformation as a result of a growing demand for lightweight and viable materials in a wide range of end-use industries. It pushes the market with features such as temperature tolerance to certain thresholds, moisture resistance, low dielectric constant, and non-halogen flame-retardant power generation. The growing demand for LCP films and laminates in the electrical and electronics industries is expected to be a major factor driving the growth of the global market for liquid crystal polymer films and laminates.
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Restraints: Global Liquid Crystal Polymer (LCP) Market
The Global Liquid Crystal Polymer (LCP) Market However, the high cost and low weldability of LCP are expected to stifle global market growth during the forecast period. Furthermore, metal adhesion during laminate forming is expected to be a significant challenge for global market players. Because of the small number of bi-phenol producers, global market supply constraints will create a supply-demand gap, affecting the market value of liquid crystal polymers.
Impact of COVID-19
Flight cancellations, travel bans and quarantine, closed restaurants, confined all indoor activities, declared state of emergency in over forty countries, major supply chain slowdown, stock market instability, declining consumer morale, rising population hysteria, and potential confusion have all resulted from the COVID-19 outbreak. The global Liquid Crystal Polymer (LCP) Films and Laminates industry is facing supply-demand shortages as a result of the industrial shutdown caused by the COVID-19 epidemic.
Segmentation by Type:
By Type, the Global Liquid Crystal Polymer (LCP) Market is segmented into Because of its widespread use and high utility in lamination applications, the LCP film section accounts for the lion's share of valuation. The use of low-cost, lower-cost, and translucent LCP films as a replacement for conventional polyimide substrates is expected to grow in the coming years.
Segmentation by Application
By Application, In terms of size, the electrical and electronics industry is the largest in the electronics market. Last year, the segment earned a total of USD 91502.7 million. The demand for LCP films and laminates is expected to rise in the future, propelling the electrical and electronics market forward. One of the largest is the automobile and transportation sector, which is expected to expand further over the next five years. LCP film is used in the production of high-performance blow-molded vehicle gas tanks. LCP films are an excellent substrate for the development of versatile antennas, which will benefit the automotive and transportation markets.
Segmentation by Region
North America is expected to dominate the Global submarine cable system market in 2021, followed by Asia-Pacific, Europe, Latin America, and the Middle East and Africa. However, due to rising demand for decontaminated water, increased pharmaceutical production, and government initiatives to promote hydrogen fuel in the region, Asia-Pacific will be the fastest-growing regional market.
Competitive Landscape:
Solvay SA, Polyplastics Co. Ltd., Celanese Corporation, Rogers Corporation, Asia International Enterprise (HK) Limited, RTP Company, Kuraray Co. Ltd, Sumitomo Chemical Company, Shanghai PRET Composites Co., Ltd, PolyOne Corporation.
Industrial Development:
LynTec, a leading manufacturer of advanced electrical power control solutions, has announced that it will debut its latest lighting control product lineup at InfoComm 2021 in Orlando, Florida, with the introduction of Narrow Profile Panelboards and LCP Lighting Control Panel Series in Booth 6049. Lyntech will also showcase its innovative Xtend Power Control (XPC) Series and The RPC family of power control solutions.
Daicel, a Japanese company, acquired a stake in the polylactic acid joint venture from its affiliate Celanese Industries, a pioneer in the field. The transaction is estimated to be worth $1.5 billion. A Japanese engineering plastics joint venture will eventually go public and be bought out by a single owner.
Market taxonomy
By Type
By Application
- Electrical and Electronics
- Automotive and Transportation
- Packaging
- Medical Devices
- others
By region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Global Liquid Crystal Polymer (LCP) Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Liquid Crystal Polymer (LCP) Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Liquid Crystal Polymer (LCP) Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Liquid Crystal Polymer (LCP) Market Share Analysis, By Type
5.3 Global Liquid Crystal Polymer (LCP) Market Size and Forecast, By Type
5.3.1 LCP Films
5.3.2 LCP Laminates
6 Global Liquid Crystal Polymer (LCP) Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Liquid Crystal Polymer (LCP) Market Share Analysis, By Application
6.3 Global Liquid Crystal Polymer (LCP) Market Size and Forecast, By Application
6.3.1 Electrical and Electronics
6.3.2 Automotive and Transportation
6.3.3 Packaging
6.3.4 Medical Devices
6.3.5 others
7 Global Liquid Crystal Polymer (LCP) Market, By Region
7.1 Global Liquid Crystal Polymer (LCP) Market Share Analysis, By Region
7.2 Global Liquid Crystal Polymer (LCP) Market Share Analysis, By Region
7.3 Global Liquid Crystal Polymer (LCP) Market Size and Forecast, By Region
8 North America Global Liquid Crystal Polymer (LCP) Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Global Liquid Crystal Polymer (LCP) Market Share Analysis, By Type
8.3 North America Global Liquid Crystal Polymer (LCP) Market Size and Forecast, By Application
8.5 North America Global Liquid Crystal Polymer (LCP) Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9 Europe Global Liquid Crystal Polymer (LCP) Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Global Liquid Crystal Polymer (LCP) Market Share Analysis, By Type
9.3 Europe Global Liquid Crystal Polymer (LCP) Market Size and Forecast, By Application
9.5 Europe Global Liquid Crystal Polymer (LCP) Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.54. Rest of Europe
10 Asia Pacific Global Liquid Crystal Polymer (LCP) Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Global Liquid Crystal Polymer (LCP) Market Share Analysis, By Type
10.3 Asia Pacific Global Liquid Crystal Polymer (LCP) Market Size and Forecast, By Application
10.5 Asia Pacific Global Liquid Crystal Polymer (LCP) Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11 Latin America Global Liquid Crystal Polymer (LCP) Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Global Liquid Crystal Polymer (LCP) Market Share Analysis, By Type
11.3 Latin America Global Liquid Crystal Polymer (LCP) Market Size and Forecast, By Application
11.5 Latin America Global Liquid Crystal Polymer (LCP) Market Size and Forecast, Country
11.5.1. Brazil
11.5.2. Rest of Latin America
12 Middle East Global Liquid Crystal Polymer (LCP) Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Global Liquid Crystal Polymer (LCP) Market Share Analysis, By Type
12.3 Middle East Global Liquid Crystal Polymer (LCP) Market Size and Forecast, By Application
12.5 Middle East Global Liquid Crystal Polymer (LCP) Market Size and Forecast, By Country
12.65.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
15.5.4. Kuwait
12.5.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Solvay SA
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Polyplastics Co. Ltd.
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Celanese Corporation
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Rogers Corporation
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Asia International Enterprise (HK) Limited
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 RTP Company, Kuraray Co. Ltd
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Sumitomo Chemical Company
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Shanghai PRET Composites Co., Ltd
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 PolyOne Corporation.
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Ueno Fine Chemicals Industry Limited
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies