Liquid Crystal Polymer (LCP) Market Evaluation 2021, Drivers and Restraints, Enterprise Alternatives, Development Applied sciences, and Segmentation Forecast to 2024

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Liquid Crystal Polymer (LCP)

The Liquid Crystal Polymer (LCP) Market report provides extensive research on industry players. Dynamics and strategies are segmented and broken down to simplify the actual conditions of the industry. The report also covers the product market size, research methodology, Porter’s Five Force analysis, and the industry’s competitive landscape. This report studies all the key factors influencing the growth of the global Liquid Crystal Polymers (LCP) market including production and value chain analysis, price structure, demand-supply scenario, and profit margins.

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Top players are:

  • Celanese Corporation
  • Polyplastics Co. Ltd.
  • Sumitomo Chemical Company
  • Shenzhen Wote Advanced Materials Co. Ltd.
  • Solvay
  • Toray Industries Inc.
  • Chang Chun Plastics Co. Ltd.
  • Shanghai Pret Composites Co. Ltd.
  • UENO FINE CHEMICALS INDUSTRY LTD

    Important market trends:

    Increasing demand for miniaturization of electrical and electronic components

    Liquid crystal polymer (LCP) is a highly technical plastic with a combination of high strength, modulus and impact strength, flame retardancy, resistance to a large number of aggressive chemicals, very low and tailor-made coefficients of thermal expansion (CTE). Excellent dimensional stability, thin-walled flowability and unique processability.
    With the miniaturization trend of many electronic products, manufacturers are optimizing devices to pack more functions into smaller packages. For example, the distance between the contacts in electrical connectors is narrower than ever before and is only 0.2 mm with distances of more than 12.0 mm compared to older power connectors.
    For the same reasons, LCPs are also injection molded into integrated circuit (IC) sockets, radio frequency (HF) network switches, power modules for wind and solar inverters and converters, custom high performance electrical connectors, and many other precision devices.
    The daily use of electronic devices such as cell phones, laptops and tablet PCs is increasing rapidly. At the same time, these devices are becoming more powerful and cost-effective from generation to generation, while size and weight decrease. LCP provides the properties that enable the successful development of miniaturization of electrical devices.
    Such factors are expected to drive the global LCP over the forecast period.

    Asia-Pacific region dominates the market

    The Asia-Pacific region dominated the global market share in 2017. China is the world’s largest electronics manufacturing base and offers tough competition to existing upstream manufacturers such as South Korea, Singapore, and Taiwan. Electronic products such as smartphones, OLED televisions, tablets, etc. are showing the highest market growth in the entertainment electronics segment. The electronics industry is constantly moving to China due to its low cost and increasing demand for electronic products. With the rise in the disposable income of the middle class, the demand for electronic products is expected to increase in the near future, driving the market for liquid crystalline polymers. In addition, the US aircraft giant Boeing and the Chinese aviation manufacturer Commercial Aircraft Corporation of China Ltd. (COMAC) are jointly building a Boeing 737 production system with a capacity of 100 aircraft in the Zhoushan region of China, which will be operational by 2018. This factor should drive the aerospace industry, which in turn will increase the demand for liquid crystalline polymers for aerospace. and should boost space and aerospace applications. Hence, such factors are expected to drive demand for LCP in the region.

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    Market overview:

  • The Liquid Crystal Polymers (LCP) market is expected to record a CAGR of 4.64% in the forecast period 2019-2024.
  • One of the main factors driving the growth of the market studied is the strong demand for smaller and thinner electrical components that have to withstand higher temperatures and wear and tear. Many of the customers involved in electronic component manufacturing are setting up manufacturing facilities in China. Hence, the greatest demand for LCP used for such components comes from China.
  • The high cost of liquid crystal polymers compared to natural graphite is likely to hamper the growth of the market
  • The increasing potential in the medical and home appliance sectors is expected to offer tremendous opportunities for the market to grow
  • Highlights of the report:

    • Market Dynamics – Drivers, Restrictions and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market trends
    • Competitive landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Scope of the report:

    This report studies the global Liquid Crystal Polymers (LCP) market size, industry status and forecast, competitive landscape and opportunity for growth.

    Competitive landscape::

    Most of the companies in the market are technologically efficient but need significant support to improve their services and grow their business. Mergers and acquisitions therefore offer significant opportunities to attract the attention of a large number of vendors in developed regions.

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    Detailed TOC of Liquid Crystal Polymer (LCP) 2024 Market report:

    1 INTRODUCTION
    1.1 Study results
    1.2 Study assumptions
    1.3 Scope of the study

    2 RESEARCH METHODOLOGY

    3 SUMMARY

    4 MARKET DYNAMICS
    4.1 Driver
    4.1.1 Increasing demand for miniaturization of electrical and electronic components
    4.1.2 Development of lightweight materials for automotive components
    4.2 Limitations
    4.2.1 High cost compared to natural graphite
    4.3 Analysis of the industry’s value chain
    4.4 Carrier 5 force analysis
    4.4.1 Suppliers’ negotiating power
    4.4.2 Bargaining power of consumers
    4.4.3 New Participant Threat
    4.4.4 Threat from substitute products and services
    4.4.5 Degree of Competition
    4.5 Technological snapshot
    4.5.1 Production process
    4.6 Analysis of the regulatory guidelines
    4.7 IP snapshot / overview

    5 MARKET SEGMENTATION
    5.1 type
    5.1.1 Thermotrop
    5.1.2 Lyotrop
    5.2 Application
    5.2.1 Electrics and electronics
    5.2.2 Industrial machines
    5.2.3 Automobile
    5.2.4 Other applications (medicine and aerospace)
    5.3 geography
    5.3.1 Asia-Pacific
    5.3.1.1 China
    5.3.1.2 India
    5.3.1.3 Japan
    5.3.1.4 South Korea
    5.3.1.5 Australia and New Zealand
    5.3.1.6 Rest of Asia Pacific
    5.3.2 North America
    5.3.2.1 United States
    5.3.3 Europe
    5.3.3.1 Germany
    5.3.3.2 United Kingdom
    5.3.3.3 Italy
    5.3.3.4 France
    5.3.3.5 Russia
    5.3.3.6 NORDIC countries
    5.3.3.7 Netherlands
    5.3.3.8 Spain
    5.3.3.9 Rest of Europe
    5.3.4 Rest of the world

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers and Acquisitions, Joint Ventures, Cooperations and Agreements
    6.2 Market share analysis **
    6.3 Leading Player Strategies
    6.4 Company profiles
    6.4.1 Celanese Corporation
    6.4.2 Polyplastics Co. Ltd.
    6.4.3 Sumitomo Chemical Company
    6.4.4 Shenzhen Wote Advanced Materials Co. Ltd.
    6.4.5 Solvay
    6.4.6 Toray Industries Inc.
    6.4.7 Chang Chun Plastics Co. Ltd.
    6.4.8 Shanghai Pret Composites Co. Ltd.
    6.4.9 UENO FINE CHEMICALS INDUSTRY LTD

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 Potential in the medical device and home appliance market

    Contact us:

    Name: Ajay Mehr

    Phone: US + 14242530807 / UK +44 20 3239 8187

    E-mail: [email protected]

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