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Liquid Crystal Polymers Market Analysis By Application And Region Till 2020 | Celanese Corporation, Polyplastics Co., Ltd, Solvay S.A

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Liquid Crystal Polymers Market Analysis By Application And Region Till 2020 | Celanese Corporation, Polyplastics Co., Ltd, Solvay S.A

January 07
12:48 2020
Liquid Crystal Polymers Market Analysis By Application And Region Till 2020 | Celanese Corporation, Polyplastics Co., Ltd, Solvay S.A

Grand View Research, Inc. – Market Research And Consulting.
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 liquid crystal polymers market growth.

Global Liquid Crystal Polymers (LCP) Market is expected to reach USD 1.23 billion by 2020, according to a new study by Grand View Research, Inc. Shift in trend towards miniaturization of electrical components such as surface mount device and connectors is expected to drive global LCP market. 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. Lower welding strength and warpage associated with LCP is expected to remain a key challenge for market participants.

Electrical & electronics emerged as the leading application segment and accounted for 81.5% of total market volume in 2013. Growing engineering resins demand for manufacturing ultra-thin electrical components is expected to remain a key driving factor for this segment. LCP is favored over other engineering resins such as polyphenylene sulfide (PPS), nylon 46 and polyphthalamide (PPA) which has further propelled market growth. Electrical & electronics is also expected to witness 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 7.3% from 2014 to 2020. Shift in trend towards adoption of lightweight, high performance materials from automotive industry particularly in the U.S. and Europe is expected to drive this segment.

Global liquid crystal polymers (LCP) market demand was 42.8 kilo tons in 2012. Rapid miniaturization of electronic components such as connectors and surface mount devices is expected to remain a key driving factor for global LCP market over the forecast period. Denser component packaging coupled with higher fabrication temperature offered by LCP is also expected to have a positive influence on the market growth.

LCP possess properties such as low viscosity and high flow resulting in high-temperature resistance enhanced dimensional stability and excellent mechanical strength. These factors make LCP the best-suited material to be used in miniaturization of components in telecommunications, information technology, and diagnostic instruments. Increasing engineering resin substitutes for ultra-thin components is also expected to drive LCP market growth over the forecast period.

Global LCP market volume by application, 2012 - 2020 (Kilo Tons)

Get Details For “Sample Report, TOC, Segmentation & methodology of Liquid Crystal Polymers (LCP) Market” Click Link Below:

https://www.grandviewresearch.com/industry-analysis/liquid-crystal-polymers-market

 

Further key findings from the study suggest:

  • Global LCP demand was 46.1 kilo tons in 2013 and is expected to reach 81.7 kilo tons by 2020, growing at a CAGR of 8.6% from 2014 to 2020.

  • China was the leading regional market and accounted for 46.1% of total market volume in 2013. China is expected to continue its dominance over the forecast period owing to rapid expansion of electronics & electrical industry in the nation. Other Asian countries such as India, Japan, South Korea and Taiwan are also expected to witness steady growth over the forecast period.

  • Industrial machinery applications include ceramic material substitutes and mass transfer packaging in chemical industries. Increasing industrial machinery demand particularly in China and other Asian countries is expected to complement regional market growth.

  • North American LCP market is expected to reach USD 241.4 million by 2020, growing at an estimated CAGR of 7.3% from 2014 to 2020.

  • Global LCP market is highly consolidated with top four companies accounting for over three-fourth of total market. Some major companies operating in the global LCP market include Celanese Corporation, Polyplastics Co., Ltd, Solvay S.A and Sumitomo Chemical. Other companies include Toray International, Inc, Samsung Fine Chemicals and Ueno Fine Chemicals Industry Ltd.

Would you Like to Take a Look On “Sample Report” of Liquid Crystal Polymers (LCP) Market Click the Link Below:

https://www.grandviewresearch.com/industry-analysis/liquid-crystal-polymers-market/request/rs1

Global LCP market volume share, by product, 2014

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/1056/ibb

Grand View Research has segmented the LCP market on the basis of application and region:

Global Liquid Crystal Polymer (LCP) Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)

  • Electrical & Electronics

  • Industrial Machinery

  • Automotive

  • Others

Global Liquid Crystal Polymer (LCP) Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)

  • North America

  • Europe

  • China

  • Rest of Asia Pacific

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 126 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 4126 analysts and consultants, the company adds 121200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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