Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Liquid Crystal Polymers Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Liquid Crystal Polymers Market Grow Between 2024 and 2025?
The market size of liquid crystal polymers has seen a robust growth recently. The market value was at $1.88 billion in 2024 and it is predicted to reach $2 billion in 2025, increasing at a compound annual growth rate (CAGR) of 6.4%.
How Much Will the Liquid Crystal Polymers Market Be Worth in 2029?
The Liquid Crystal Polymers market is projected to reach a market size of $2.85 billion in 2029, growing at a Compound Annual Growth Rate (CAGR) of 9.3%.
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Which Liquid Crystal Polymers Market Drivers Are Linked to Revenue Growth?
The key Drivers in the liquid crystal polymers market are:
• The growing development and use of lightweight materials in the automobile industry.
• Increasing use of liquid crystal polymers in manufacturing light automotive components.
• Increasing demand for more fuel-efficient vehicles through weight reduction.
• The adoption of liquid crystal polymers in both combustion and electric vehicle manufacturing.
Which Segments Are Expected to Grow in the Liquid Crystal Polymers Market?
The liquid crystal polymersmarket covered in this report 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, Other Applications
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What Are The Key Trends Impacting Growth In The Global Liquid Crystal Polymers Market?
The key trends in the liquid crystal polymers market are:
• The introduction of innovative products is a major trend in the liquid crystal polymer market.
• Companies are leveraging new materials such as high-performance liquid crystal polymer matrices for greater industrial application.
• The use of materials like chopped carbon fiber or fiberglass to increase the structural stability of the material is gaining popularity.
• The use of E-glass and high-modulus carbon fiber for significantly improving thermal and mechanical performance is an emerging trend.
Who Are the Key Competitors in the Global Liquid Crystal Polymers Market?
The key players in the liquid crystal polymers market are:
• 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
• Henan DaKen Chemical Co. Ltd.
• Avient Corporation
• DuPont de Nemours Inc.
• Polyplastics Co. Ltd.
• ENEOS LC Co.Ltd.
• Daicel Corporation
• Kingfa Sci.&Tech. Co.Ltd.
• Ningbo Jujia New Material Technology Co. Ltd.
• Samsung Chemicals Co.Ltd.
• Shanghai Kumho Sunny Plastics Co.Ltd.
• Saudi Basic Industries Corporation
• PolyOne Corporation
• Mitsubishi Chemical Corporation
• LG Chem Ltd.
• Covestro AG
• BASF SE
• Arkema S.A.
• Asahi Kasei Corporation
• DSM Engineering Plastics
• Evonik Industries AG
• Eastman Chemical Company
Where Is the Liquid Crystal Polymers Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the liquid crystal polymer market in 2024
