Global Liquid Crystal Polymer Market Size, Share, Trends, Industry Growth by Type (Thermotropic, Lyotropic), by Application (Electrical and Electronics, Industrial Machinery, Automotive, Others), by Region, and Forecast to 2027
Report ID: RCMA133 | Report Format: PDF + Excel | Starting Price: 2680/- USD |The global liquid crystal polymer market size is expected to experience a significant CAGR of around 8% during the forecast period and estimated to reach over USD 2 billion by 2028. The growing shift towards the miniaturization of electric and electronic components and the increasing adoption of microinjection molding are some major factors to drive the market growth. Furthermore, the increasing demand for the product from various end-use industries such as automotive, electrical & electronics, medical, and others are further expected to fuel the market over the forecast period. Moreover, the properties associated with the product such as high-temperature resistance, chemical resistance, and high stiffness, and the growing demand for high performance and lightweight automotive components are expected to uplift the market growth.
Market Segment Insights:
By Type, the thermotropic segment dominated the global liquid crystal polymer market in 2020
The global liquid crystal polymer market is bifurcated into type, application, and geography. On the basis of type, the market is segmented into thermotropic and lyotropic sub-segment. The thermotropic segment dominated the global market in 2020 and is expected to maintain its dominance over the forecast period. The widespread use of thermotropic liquid crystal polymer in various end-use applications is a major factor to drive the segment growth. The high-temperature resistance is one of the key factor to drive the segment growth. Furthermore, the increasing preference of manufacturers for thermotropic LPCs due to their various advantages is further expected to fuel the segment growth over the forecast period.
By application, the electric & electronics segment held the largest revenue share of the liquid crystal polymer market
On the basis of application, the market is further segmented into electrical and electronics, industrial machinery, automotive, and other applications. The electric and electronics segment dominated the global liquid crystal polymer market in 2020 and is expected to maintain its dominance over the forecast period. The rapid growth in the electrical and electronics industry is a major factor to drive the segment growth globally. The increasing adoption of 5G network and the growing penetration of IoT-enabled devices are expected to fuel the electronics industry across the globe. Furthermore, the growing demand for smart devices and the increasing demand for personal computers is further expected to drive the segment growth.
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The liquid crystal polymer market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.
Historical & Forecast Period
- 2019-20 – Historical Year
- 2021 – Base Year
- 2022-2028 – Forecast Period
Global Liquid Crystal Polymer Market Segmentation:
Liquid Crystal Polymer Market Segmentation by Type:
- Thermotropic
- Lyotropic
Liquid Crystal Polymer Market Segmentation by Application:
- Electrical and Electronics
- Industrial Machinery
- Automotive
- Others
Liquid Crystal Polymer Market Segmentation by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Liquid Crystal Polymer Market: Geographic Coverage
The Asia Pacific dominated the global liquid crystal polymer market in 2020
Geographically, the Asia Pacific dominated the global liquid crystal polymer market in 2020 and is expected to grow at the same trend over the forecast period. China is the largest producer of the electronics industry. The availability of the largest production base is a major factor to drive the market growth in the region. Furthermore, the increasing penetration of smartphones, tablets, smart TVs is further expected to fuel the market growth in the Asia Pacific. India alone produces more than 600 units of mobile phones per minute which translates into the production of over $55K per minute.
Liquid Crystal Polymer Market: Competitive Assessment
Some of the major market players operating in the global liquid crystal polymer market are Celanese Corporation, Solvay SA, Polyplastics Co. Ltd., Toray Industries, Inc., and PolyOne Corporation. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
List of Key Companies:
- Celanese Corporation
- Solvay SA
- Polyplastics Co. Ltd.
- Toray Industries, Inc.
- PolyOne Corporation
- Kuraray Co. Ltd.
- Rogers Corporation
- Asia International Enterprise (HK) Limited
- Shanghai Pret Composites Co., Ltd.
- RTP Company
- Sumitomo Chemicals Co. Ltd.
Key Questions Answered by Liquid Crystal Polymer Market Report
- Global liquid crystal polymer market forecasts from 2022-2028
- Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
- Liquid crystal polymer submarket forecasts from 2022-2028 covering the market by type, by application, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about the market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level liquid crystal polymer markets from 2022-2028
- Competitive Landscape and market positioning of top 10 players operating in the market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Liquid Crystal Polymer Market Portraiture
2.2. Global Liquid Crystal Polymer Market, by Type, 2021 (USD Mn)
2.3. Global Liquid Crystal Polymer Market, by Application, 2021 (USD Mn)
2.4. Global Liquid Crystal Polymer Market, by Geography, 2021 (USD Mn)
3. Global Liquid Crystal Polymer Market Analysis
3.1. Liquid Crystal Polymer Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis
4. Global Liquid Crystal Polymer Market By Type, 2019 – 2028 (USD Mn)
4.1. Overview
4.2. Thermotropic
4.3. Lyotropic
5. Global Liquid Crystal Polymer Market By Application, 2019 – 2028 (USD Mn)
5.1. Overview
5.2. Electrical and Electronics
5.3. Industrial Machinery
5.4. Automotive
5.5. Others
6. North America Liquid Crystal Polymer Market Analysis and Forecast, 2019 – 2028 (USD Mn)
6.1.1. Overview
6.1.2. North America Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
6.1.3. North America Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
6.1.4. North America Liquid Crystal Polymer Market by Country (2019-2028 USD Mn)
6.1.4.1. U.S.
6.1.4.1.1. U.S. Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
6.1.4.1.2. U.S. Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
6.1.4.2. Canada
6.1.4.2.1. Canada Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
6.1.4.2.2. Canada Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
7. Europe Liquid Crystal Polymer Market Analysis and Forecast, 2019 – 2028 (USD Mn)
7.1.1. Overview
7.1.2. Europe Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
7.1.3. Europe Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
7.1.4. Europe Liquid Crystal Polymer Market by Country (2019-2028 USD Mn)
7.1.4.1. Germany
7.1.4.1.1. Germany Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
7.1.4.1.2. Germany Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
7.1.4.2. U.K.
7.1.4.2.1. U.K. Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
7.1.4.2.2. U.K. Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
7.1.4.3. France
7.1.4.3.1. France Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
7.1.4.3.2. France Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
7.1.4.4. Italy
7.1.4.4.1. Italy Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
7.1.4.4.2. Italy Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
7.1.4.5. Rest of Europe
7.1.4.5.1. Rest of Europe Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
7.1.4.5.2. Rest of Europe Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
8. Asia Pacific Liquid Crystal Polymer Market Analysis and Forecast, 2019 – 2028 (USD Mn)
8.1.1. Overview
8.1.2. Asia Pacific Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
8.1.3. Asia Pacific Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
8.1.4. Asia Pacific Liquid Crystal Polymer Market by Country (2019-2028 USD Mn)
8.1.4.1. China
8.1.4.1.1. China Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
8.1.4.1.2. China Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
8.1.4.2. Japan
8.1.4.2.1. Japan Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
8.1.4.2.2. Japan Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
8.1.4.3. Rest of Asia Pacific
8.1.4.3.1. Rest of Asia Pacific Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
8.1.4.3.2. Rest of Asia Pacific Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
9. Latin America (LATAM) Liquid Crystal Polymer Market Analysis and Forecast, 2019 – 2028 (USD Mn)
9.1.1. Overview
9.1.2. Latin America Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
9.1.3. Latin America Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
9.1.4. Latin America Liquid Crystal Polymer Market by Country (2019-2028 USD Mn)
9.1.4.1. Brazil
9.1.4.1.1. Brazil Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
9.1.4.1.2. Brazil Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
9.1.4.2. Mexico
9.1.4.2.1. Mexico Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
9.1.4.2.2. Mexico Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
9.1.4.3. Rest of Latin America
9.1.4.3.1. Rest of Latin America Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
9.1.4.3.2. Rest of Latin America Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
10. Middle East and Africa Liquid Crystal Polymer Market Analysis and Forecast, 2019 – 2028 (USD Mn)
10.1.1. Overview
10.1.2. MEA Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
10.1.3. MEA Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
10.1.4. Middle East and Africa Liquid Crystal Polymer Market, by Country (2019-2028 USD Mn)
10.1.4.1. GCC
10.1.4.1.1. GCC Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
10.1.4.1.2. GCC Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
10.1.4.2. South Africa
10.1.4.2.1. South Africa Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
10.1.4.2.2. South Africa Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
10.1.4.3. Rest of MEA
10.1.4.3.1. Rest of MEA Liquid Crystal Polymer Market by Type (2019-2028 USD Mn)
10.1.4.3.2. Rest of MEA Liquid Crystal Polymer Market by Application (2019-2028 USD Mn)
11. Company Profiles
11.1. Celanese Corporation
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Solvay SA
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Polyplastics Co. Ltd.
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Toray Industries, Inc.
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. PolyOne Corporation
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Kuraray Co. Ltd.
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Rogers Corporation
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Asia International Enterprise (HK) Limited
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Shanghai Pret Composites Co., Ltd.
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. RTP Company
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
11.11. Sumitomo Chemicals Co. Ltd.
11.11.1. Business Description
11.11.2. Financial Health and Budget Allocation
11.11.3. Product Positions/Portfolio
11.11.4. Recent Development
11.11.5. SWOT Analysis
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