19-Apr-2025 | Market Research Store
The global liquid crystal polymer (LCP) market is valued at USD 1.3 Billion in 2022 and is expected to reach USD 2.4 billion by end of 2030 with a healthy CAGR of 8.3% over the forecast period. The report offers in-depth analyses of the growth factors, opportunities, and challenges in the market during the forecast period. Additionally, the report explorers the investor and stakeholder space to help companies make data-driven decisions.
Liquid crystal polymer is an excellent engineering plastic that holds unique properties like resistance to aggressive chemicals, flame retardants, high strength modulus, and others that make it ideal for use in different end-user sectors like electronics and automobiles. Also, it holds excellent dimensional stability, tailorable coefficient of thermal expansion, and unique processability. Therefore, for the same reason, these are widely adopted in high-frequency network switches, integrated circuits, sockets, power modules for solar and wind inverters & converters, and other processing devices.
The global liquid crystal polymer (LCP) market is likely to grow significantly during the forecast period due to the growing inclination of people towards the miniaturization of electrical components that include surface mount devices and connectors. Furthermore, these liquid crystal polymers find scope in electronic components like mobiles and computers characterized by high performance, durability, lightweight, and efficiency influencing the product demand. Strong technological innovations and product development initiatives, particularly in growing economies like India and China, is likely to push the growth of the global market.
However, its outstanding properties like excellent flow, good weather ability, and outstanding mechanical property will also drive the growth of the global liquid crystal polymer (LCP) market. Its low maintenance cost, eco-friendly nature, and high-performance characteristics with minimal absorption make this an ideal substitute for polyamide films in the packaging sector. These are favored over traditional materials, including nylon films, due to their low viscosity and low maintenance cost in the long run. P-hydroxy and benzoic acids are key materials used in the liquid crystal polymer synthesis process. These films and laminates are manufactured with the help of thermoplastic resins and in the form of pellets and granules.
Browse the full “Liquid Crystal Polymer (LCP) Market By Type (Thermotropic and Lyotropic), By Application (Automotive, Machinery, and Electrical & Electronics), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.” Report at https://www.marketresearchstore.com/market-insights/liquid-crystal-polymer-lcp-market-830838
Liquid Crystal Polymer (LCP) Market : Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Liquid Crystal Polymer (LCP) Market Research Survey Report |
| Market Size in 2022 | USD 1.3 billion |
| Market Forecast by 2030 | USD 2.4 billion |
| Compound Annual Growth Rate | CAGR of 8.3% |
| Number of Pages | 140 |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Key Companies Covered | Kingfa Sci. & Tech. Co. Ltd, Shenzhen Wote Advanced Materials Co. Ltd, Sumitomo Chemical Company, Celanese Corporation, and Polyplastics Co. Ltd |
| Segments Covered | By Type, By Application, And By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
| Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
| Base Year | 2022 |
| Historical Year | 2017 to 2021 |
| Forecast Year | 2023 - 2030 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Liquid Crystal Polymer (LCP) Market : Segmentation
The global liquid crystal polymer (LCP) market can be segmented into application, type, and region.
By application, the market can be segmented into automotive, machinery, electrical & electronics, and other applications. The electrical & electronic application segment accounts for the largest share in the global market. Owing to its high-quality properties like outstanding strength at extreme temperature, exceptional chemical resistance, and inherent flame retardants, these are ideal for manufacturing different electronic product components like chip carriers and others. Additionally, the fast proliferating electronics sector is further projected to stimulate the growth of the segment exponentially.
By type, the market can be segmented into lyotropic and thermotropic. The thermotropic liquid crystal polymer segment holds the largest share in the global market. This type of polymer holds superior elastic properties, low viscosity, and excellent thermal properties. Thereby, making it suitable for applications in laptops, television, flat-screen tablets, and others.
Asia Pacific accounts for the largest share in the global liquid crystal polymer (LCP) market due to the fast proliferating electronics sector in the region. The electronic manufacturing segment is expanding continuously in China. Additionally, countries are witnessing rapid developments in the automotive sector with the integration of advanced infotainment systems and capacities in electronic vehicle models. The growing disposable income of people, along with their rising living standards, is likely to further complement the growth of the regional market during the forecast period.
Some of the significant players in the global liquid crystal polymer (LCP) market include Sumitomo Chemical Company, Kingfa Sci. & Tech. Co. Ltd, Celanese Corporation, Shenzhen Wote Advanced Materials Co. Ltd, and Polyplastics Co. Ltd.
Recent developments:
- Celanese Corporation, in January 2021, announced plans to begin developing a multi-phase LCP polymerization plant in China to enhance the value of Zenith and Vectra LCP product lines.
- Daicel, in July 2020, acquired the stake of its affiliate Celanese Industries with a valuation of $1.5 billion.
Global liquid crystal polymer (LCP) market is segmented as follows:
By application
- Automotive
- Machinery
- Electrical & electronics
By type
- Lyotropic
- Thermotropic
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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