Liquid Crystal Polymer Market Players Contribute Majorly towards Innovative Trends: 2019-2029
The latest Fact.MR study indicates that ~ 46,582 KT of liquid crystal polymer (LCP) were sold in 2018, and it is envisaged that the sales will pick pace by ~5% in 2019. The radical increase in the applications of liquid crystal polymer in electronics & electrical industry, which led to ~70% sales of LCP will continue to pace up lucrative growth avenues for market players through 2029, says the report. We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the liquid crystal polymer market growth. For enhancing readers’ experience, the report starts with a basic overview about the liquid crystal polymer and its classification. Further, we have considered 2014 as the base year, 2029 as the estimated year, 2019 – 2029 as the stipulated timeframe.
Competitive Assessment: The liquid crystal polymer market report includes global as well as emerging players:
- Sumitomo Chemical Co., Ltd.
- Shanghai PRET Composites Co., Ltd.
- SHENZHEN WOTE ADVANCED MATERIALS CO.,LTD.
- Toray International
East Asia Leads the Pack
While the applications and adoption of liquid crystal polymer continue to gain momentum at a global level, East Asia, led by China remains the most lucrative revenue pocket for market players. East Asia accounted for ~60 of the overall sales of liquid crystal polymer, with China being the largest manufacturer of electronic devices and components across the globe. The bulk applications of LCP in the electronics & electrical industry will continue to keep adoption and thereby gains concentrated in China. Moreover, Japan and China being the hub of headquarters of several market players will continue to pace up the lucrativeness of East Asia.
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Fact.MR study presents the long-term outlook of the liquid crystal polymer market for 2019 to 2029. The liquid crystal polymer market is anticipated to register a volume CAGR of ~5% through 2029.
Important regions covered in the liquid crystal polymer market report include:
- North America (Canada, US)
- Latin America (Argentina, Mexico)
- Europe (NORDIC, UK)
- APEJ (China, India)
The liquid crystal polymer market report also provides data regarding the key countries in the defined regions.
What insights does the liquid crystal polymer market report provide to the readers?
- Liquid crystal polymer market fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each liquid crystal polymer market player.
- Various regulations imposed by the governments on the consumption of liquid crystal polymer in detail.
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The study opines a group of researchers have recently developed a new grade of recyclable LCP for fused deposition modelling (FDM) 3D printing, which promise several benefits over the traditional ink models. The potential role of new grade LCP product in revolutionizing the 3D printing technology is anticipated to fillip growth prospects of the market players. 5G communication, on the other hand has emerged as a goldmine of applications for liquid crystal polymer during the forecast period.