Global Liquid Crystal Polymers Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions

20 Jul, 2023

The global liquid crystal polymers market size is expected to grow from $1.63 billion in 2022 to $1.75 billion in 2023 at a compound annual growth rate (CAGR) of 7.37%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global liquid crystal polymers market size is expected to reach $2.39 billion in 2027 at a CAGR of 8.05%.

Global Liquid Crystal Polymers Market Key Driver

The future of the liquid crystal polymer market will be driven by the development of lightweight materials for vehicle components. Lightweight automotive components are car parts and materials that are designed to be lighter in weight than typical automotive components. These components are in high demand because of their additional benefits. Liquid crystal polymers are utilised to create lightweight car components used in both electric and combustion vehicles.

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Global Liquid Crystal Polymers Market Segments

The global liquid crystal polymers market is segmented:
1) By Product Type: Lyotropic LC Polymers, Thermotropic LC polymers
2) By Category: Main Chain LC Polymers, Side Chain LC Polymers
3) By Form: LCP Resins And Compounds, Liquid Crystal Polymer Films, Liquid Crystal Polymer Fibers
4) By Application: Electrical And Electronics, Industrial Machinery, Consumer Goods, Lighting, Medical, Others Applications
5) By Geography: The regions covered in the liquid crystal polymers market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global liquid crystal polymers market.

Major Liquid Crystal Polymers Industry Players

Celanese Corporation, Sumitomo Chemical Co. Ltd., Toray Industries Inc., Solvay S.A., Ueno Fine Chemicals Industry Ltd., Shanghai PRET Composites Co. Ltd., Rogers Corporation, RTP Company Inc., Kuraray Co. Ltd., Zeus Company Inc., Chang Chun Group, Shenzhen WOTE Advanced Materials Co. Ltd., Henan DaKen Chemical Co. Ltd., Avient Corporation, DuPont de Nemours Inc.

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Liquid Crystal Polymers Market Overview

Liquid crystal polymers (LCPs) refer to a class of high-performance engineering thermoplastics that possess a unique combination of properties, including high strength, stiffness, chemical resistance, and thermal stability. LCPs are used in a variety of high-performance applications in different industries wear and degradation concerns encountered with existing fiber materials are addressed by temperature and chemical conditions.

Liquid Crystal Polymers Global Market Report 2023 provides data on the global liquid crystal polymers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The liquid crystal polymers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.