Reshaping the Landscape: Trends Forecast in Liquid Crystal Polymers Market


Posted November 15, 2023 by Delvens124

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

 
The Liquid Crystal Polymers Market research report classifies the market trends relevant to the supply, requirement, and arrangement, at any rate, the new events. The report highlights huge drivers, restrictions, and positive chances to give a definite image of the market. The Liquid Crystal Polymers Market research report gives complete details about the profitable emerging markets and examines insights into the markets' developing section. Furthermore, the Liquid Crystal Polymers Market research report gives a complete evaluation of market shares, approaches, products, verification, regulatory approvals, copyright aspect, and manufacturing proficiency of the leading players.
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)
Liquid Crystal Polymers Market Overview
The liquid crystal polymers market is projected to reach a CAGR of 9.2% from USD 1.2 billion in 2021.
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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 Regional Analysis
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 Competitive Landscape
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
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Recent Developments in The Liquid Crystal Polymers Market
• 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 Liquid Crystal Polymers Market Report
• 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
Table of Contents
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
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Issued By Delvens
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Last Updated November 15, 2023