Liquid Crystal Polymer Market – Global Industry Insights, Market Size Estimation and Growth Forecast By Type (Thermotropic and Lyotropic), By Brands (Laperos LCP, Vectra/Zenite, Xydar, Sumikasuper and Others), By End Use Industry (Semiconductor and Electronics, Automotive, Consumer Goods, Healthcare and Others), & By Regions, 2017-2025

Report Description

The market for liquid crystal polymer (LCP) has been covered under the scope of this report. Liquid crystals polymers are aromatic polyesters mostly synthesised from p-hydroxybenzoic acid and its monomers. These polymers are chemically inert and highly fire resistant. Liquid crystal polymer is of two types such as lyotropic and thermotropic. Lyotropic liquid crystal polymer is derived by dissolving the polymer in a solvent while thermotropic liquid crystal polymer is derived by heating the polymer above its melting point. The global LCP market has been segmented on the basis of type, brands, end use industry, and region. It also provides a cross sectional study of the global liquid crystal polymer market across broad regional segments such as North America, Europe, Asia-Pacific (APAC), Middle-East & Africa (MEA) and Latin America under its scope. The market is primarily being driven by the rising demand of liquid crystal polymer in semiconductor and electronics industry, growing usage of LCP in ultra thin component manufacturing and increase in application of liquid crystal polymer in medical sector among others.

Market Dynamics

A complete analysis of market dynamics, which includes the market drivers, restraints, and opportunities, is included within the scope of the report. The market dynamics for the different segments, namely type, brands, and end-use industry, have been covered separately under the purview of the report. Additionally, the country-level trend for each region has also been covered under the scope of the report. Thus, this report provides an exhaustive study of the global liquid crystal polymer market and also provides a forecast of the market for the period from 2017 to 2025.

The primary driving factors of the global market are increasing demand for lightweight and flexible components manufactured from liquid crystal polymer (LCP) in the semiconductor and electronics industries and growth in demand for automotive applications. Also, the growing demand for carbon-reinforced liquid crystal polymers for developing medical components is also driving the growth of the market. Additionally, the rise in the application of laperos LCP brands for developing audio visual equipment has significantly boosted the market’s growth prospects. The growing application of LCP in developing consumer goods is identified as a long-term growth driver for the market. Considering the positive impacts of the aforementioned factors, the demand for liquid crystal polymers is expected to rise during the forecast period from 2017 to 2025.

The Scope of the Report

Within the scope of the report on the global liquid crystal polymer market, several high-level analyses have been covered. This includes product-market trend analysis, product life-cycle analysis, Porter’s five forces analysis, and market attractiveness analysis. Key trends analysis discusses the current and upcoming trends in this market. Product life-cycle analysis analyses the current life-cycle stage of the product in the five wide geographic regions, such as whether the product is approaching maturity in a region or whether it is a new entrant, etc. Porter’s five forces analysis provides insights into the competitive scenario with regards to new entrants, substitutes, buyers, and suppliers. To provide a detailed insight into the global liquid crystal polymer market, attractive analysis has been provided in the report. The market attractiveness analysis details the investment attractiveness of each type, brand, end-use industry, and geography.

Segmentation Overview

Based on type, the global market has been segmented into thermotropic and lyotropic. As of 2016, thermotropic held the largest share, both in terms of revenue and volume. The thermotropic type is preferred by producers owing to its suitable properties for developing liquid crystal polymers and comparatively greater awareness.

Based on brands, the liquid crystal polymer market has been segmented into Laperos LCP, Vectra/Zenite, Xydar, Sumikasuper and others. In terms of volume, Laperos LCP was the market leader in 2016. The growing application of Laperos LCP for producing lightweight semiconductor components and audio-visual equipment was instrumental in gaining the leading position in this segment.

By end-use industry, the market has been divided into semiconductors and electronics, automotives, consumer goods, healthcare, and others. In terms of both revenue and volume, semiconductors and electronics were the largest end-use industry in 2016.

• LCP Market by Type
  • Thermotropic
  • Lyotropic
• LCP Market by Brands
  • Laperos LCP
  • Vectra/Zenite
  • Xydar
  • Sumikasuper
  • Others
• LCP Market by End Use Industry
  • Semiconductor and Electronics
  • Automotive
  • Consumer Goods
  • Healthcare
  • Others
• LCP Market by Region:
  • North America  (The U.S. and Canada)
  • Europe (Germany, The U.K, Italy and Rest of the Europe)
  • Asia Pacific (China, Japan, India and Rest of the Asia Pacific)
  • Middle-East & Africa (MEA) (South Africa, Saudi Arabia and Rest of the MEA)
  • Latin America (Brazil, Mexico and Rest of the Latin America)

The Competitive Profiling

The competitive profiling of the key players in the global liquid crystal polymer market and their business segments has been exhaustively covered under the purview of the study. Moreover, the distinct business strategies that have been adopted by the major players in the market have also been included in the report.

Some Major Players in the Liquid Crystal Polymer Market

Some major players in the market are: Celanese Corporation (The U.S.), Polyplastics Co., Ltd (Japan), Solvay S.A (Belgium), Sumitomo Chemical (Japan), Ensinger GmbH (Japan), SABIC (Saudi Arabia), E-Polymers Co Ltd (South Korea), LATI SpA (Italy), PolyOne Corporation (The U.S.) and Toray International, Inc. (Japan) among others.

Regional Outlook

The liquid crystal polymer market has been further segmented into five broad geographic regions, namely North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and Latin America. In 2016, Asia Pacific occupied the largest share of the market. The large market share can be attributed to the strong end-user base of liquid crystal polymers in this region.