Market Research Future published a Half-Cooked Research Report on “Global Liquid Crystal Polymers Market Research Report – Forecast to 2022”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: The market is driven by various industries such as consumer goods, electronics and electrical and among many others.
Market Research Future (MRFR) recognizes the following companies as the Key Players in the Global Liquid Crystal Polymers Market: Polyplastics Co., Ltd., Sumitomo Chemical Co., Ltd., Celanese Corporation, Solvay S.A., Ueno Fine Chemicals Industry Ltd., Toray International, Inc., SAMSUNG FINE CHEMICALS CO. LTD., Shanghai PRET Composites Co., Ltd, Ueno fine chemical industry Ltd., and Polyone Corporation.
Liquid Crystal Polymers Market – Overview
Liquid Crystal Polymers are chemically aromatic co-polyesters. They have properties such as, high temperature resistance, excellent mechanical properties, good solvent resistance and low water absorption.
Electrical & Electronics segment is estimated to be the largest application of the Liquid Crystal Polymers Market. Liquid Crystal Polymer Segment is estimated to grow at the highest rate in market between 2014 and 2022. One of the major causes for the growth in this market increasing engineering resin substitutes for ultra-thin components.
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Liquid Crystal Polymers (LCP) are a unique group of polymers which ha are inert, highly chemical resistant Over unreactive. Over the past few years demand for Liquid Crystal Polymers has been growing significantly, and the market is expected to further drive the demand over the assessment period. Electrical & electronic industry in Asia Pacific is surpassed 2.7 trillion in 2016, which is the largest application area for LCP. The growth in this industry is characterized by strong technological innovations and new product development initiations undertaken by industry players, and it likely to provide higher gains LCP in the coming years. Germany has registered staggering sales of vehicles of over 3.9 million units in 2016, therefore, Europe region to provide lucrative gains in the coming years.
Liquid Crystal Polymers Market – Regional Analysis
Asia-Pacific is leading The Liquid Crystal Polymers Market. Growth in Asia-Pacific is led by the rising demand from electrical & electronics applications, consumer goods, and automotive, medical applications. XYDAR LCP by Solvay S.A. (Belgium) and Vectra/Zenite by Celanese Corporation (U.S) are the major’s brands which supply to the European and the North American region respectively.Major brands like Polyplastics (Japan), SUMIKASUPER LCP by Sumitomo Chemical (Japan) and SIVERAS LCP by Toray international (Japan) are the major players which dominate this market. The demand is expected to grow at a sluggish growth rate in North America and Europe as Liquid Crystal Polymers Market has nearly saturated in the region.
Global Liquid Crystal Polymers Market is expected to reach USD 1.28 billion by 2022. Growing demand for lightweight, high performance materials from automotive industry in order to improve fuel efficiency is also expected to have a positive influence on the market growth. Highly anisotropic properties, drying required before processing and high cost are some of the restraints towards Liquid Crystal Polymers Market growth.
Electrical & electronics emerged as the leading application segment and accounted for 82.6% of total market volume in 2015, the highest growth rate of 8.9% over the forecast period. LCP demand from automotive industry is expected to grow at an estimated CAGR of 7.8% from 2015 to 2022.
Browse Key Industry Insights spread across 135 pages with 35 market data tables & 11 figures & charts from the report, ” Liquid Crystal Polymers Market Information: By Type (Thermotropic and Lyotropic) , by Application (Electronic & Electrical, Automotive, Consumer Goods, Surgical Device and Others) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2022” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/liquid-crystal-polymers-market-2014
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