May 18, 2018   SOURCE: BusinessWire

Global Liquid Crystal Polymer (LCP) Market Analysis, Growth, Trends & Forecasts 2018-2023, With an Expected CAGR of Over 5% - ResearchAndMarkets.com

The "Global Liquid Crystal Polymer (LCP) Market - Segmented by Type, End-User Industry and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global liquid crystal polymer (LCP) market is expected to witness a CAGR of 5.2% during the forecast period, 2018-2023.

LCP has a unique combination of high stiffness, high-temperature resistance, and high flow properties. Due to these high flow properties, they can be injection-molded into thin-wall components. The LCPs are particularly well suited to the growing trend of miniaturization in the electronics industry. The applications include connectors with high pin density, surface mounting devices, and other microelectronic devices.

The electrical & electronics components industry is the largest end user for liquid crystal polymers, followed by automotive industry. Nearly three-fourths of the market share is held by the electrical & electronics sector. The downsizing and thinning of electronics components for their utilization in smartphones and the new emerging applications such as LEDs are likely to drive the market in the coming years.

In terms of consumption, Asia-Pacific held the major market share in 2017, followed by North America. China alone accounted for nearly half of the market share in 2017, due to huge demand from the electronics and electrical manufacturing industry. This region is also expected to witness the highest growth rate with increase in automotive manufacturing facilities in China and India.

Companies Mentioned

  • Celanese Corporation
  • Polyplastics Co. Ltd.
  • Solvay SA.
  • Kuraray Co. Ltd.
  • Toray International Inc.
  • Sumitomo Chemical Company Limited
  • Ueno Fine Chemicals Industry Ltd.
  • JX Nippon Oil & Energy Corporation
  • RTP Company
  • Calsak Corporation

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

10. Disclaimer

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