The Global Liquid Crystal Polymers Market report gives a market definition in the form of market driving factors and market restraints which aids in estimating the requirement of a particular product where several aspects have to be considered. This report has been prepared by making sure that the key factors of the ABC industry are understood well to provide the market report that has a complete overview of the market, covering various aspects such as product definition, market segmentation based on various parameters, and the prevailing vendor landscape. The data and information included in this Global Liquid Crystal Polymers Market report help the industry take sound decisions and plan about the advertising and sales promotion strategy more successfully.
Global Liquid crystal polymers market is expected to rise by registering a substantial CAGR of 5.2% in the forecast period of 2019-2026.This rise in market value can be attributed to the rising demand for high frequency electronics.
Key Market Competitors:
Few of the major competitors currently working in global liquid crystal polymers market are Polyplastics Co., Ltd., Celanese Corporation, Sumitomo Chemical Co., Ltd., Solvay, TORAY INTERNATIONAL, INC., UENO FINE CHEMICALS INDUSTRY,LTD., Shanghai Pret Composites Co., Ltd., RTP Company, PolyOne Corporation, KURARAY CO., LTD., Chang Chun Plastics Co. Ltd, DuPont, Rogers Corporation, Zeus Industrial Products, Inc., Murata Manufacturing Co., Ltd., LOTTE Fine Chemical, Stack Plastics, CALSAK CORPORATION, Merck KGaA, among others
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Global Liquid crystal polymers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of liquid crystal polymers for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Global Liquid Crystal Polymers Market By Type (Thermotropic, Lyotropic), End-User (Electrical & Electronics, Automotive, Aerospace, Healthcare, Industrial Machinery, Others), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Definition: Global Liquid Crystal Polymers Market
Liquid crystal polymers belong to the family of thermoplastics, having unique set of properties such as high heat resistance and tolerance, high electrical resistance, high chemical resistance among others. Due to all these properties, LCPs are widely used in engine shields, high pressure fuel line connectors in the automotive industry, electrical device housings and semiconductor components.
- Increasing demand for electrical and electronics industry acts as a market driver
- Demand of LCPs in the automotive industry due to its high strength and abrasion resistance properties will also boost the market growth
- Increase in the demand for engineering resins for the manufacturing of ultra-thin electrical components is another factor enhancing this market growth
- Growing demand of these polymers in marine industry will also uplift the demand of the market
- High cost of manufacturing and injection molding of liquid crystal polymers compared to natural graphite acts as a restricting factor for the growth of the market
- The threat of substitute products and services will hamper the market growth
- Adoption of new technology and low level of awareness for LCPs also restricts the market growth
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Segmentation: Global Liquid Crystal Polymers Market
- Electrical & Electronics
- Industrial Machinery
Key Developments in the Market:
- In May 2019, Sumitomo Chemical Advanced Technologies LLC launched the two new SumikaSuper LCP grades, SumikaSuper SZ6505HF and SumikaSuper SR2506 for electronic industry. The new products are used for fine-pitch connectors as it reduces the problems faced by them. SumikaSuper SZ6505HF provides the thickness at or more than 0.10 mm whereas, SumikaSuper SR2506 has the capacity to offer flow at or below 0.08 mm
- In March 2018, Polyplastics Co. Ltd., launched new series of low-dielectric liquid crystal polymers, Laperos E420P. The new polymers are designed in such a way that they can be used in communication devices. The new product launch will help the company to cater the rising demand for low dielectric materials and meet the requirements for 5G and V2X telecommunications
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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