Liquid Crystal Polymer Market consumption to cross 65 kilo tons by 2024
SELBYVILLE, Del., July 31, 2018 /PRNewswire-iReach/ -- Germany liquid crystal polymer market share should signify steady growth and surpass USD 20 million by 2024. These gains can be attributed to increasing number of automobile and OEM industry participants who focus on using lightweight and high-performance materials to comply emission standards set forth by environment protection agencies and improve fuel efficiency.
Liquid Crystal Polymer (LCP) Market size is set to exceed USD 650 million by 2024. Increasing consumer goods demand & strong application outlook in ultra-compact electronic devices like mobiles, laptops & televisions and electrical devices like motors, stators, sockets & PCB's should drive liquid crystal polymer market size. Rising per capita income along with growing living standards should complement product demand.
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LCP's are high performance engineering plastics based on p-hydroxy phthalic acid (HPA) and related monomers. It has wide application outlook in packaging and consumer goods industry owing to its mechanical & physical properties and processability. It also offers excellent mechanical properties at high temperature, chemical resistance and weatherability.
Liquid crystal polymers market size from automotive application should grow at over 5.5% during projected period. This growth in product demand can be ascribed to consumer demand for high-end vehicles and inclination towards miniaturizing electronic devices. LCP's can be melt processed on any conventional equipment into thin as well as heavy wall components at fast speed propelling industry growth.
Liquid crystal polymer market size from medical application should witness gains at over 4.5% during forecast period owing to strong application scope in medical devices & equipment industry. Product ability to substitute other materials like polyphenylene sulfide, nylon and polyphthalamide in medical device industry should strengthen industry growth.
Buy this industry insights spread across 110 pages with 99 market data tables & 9 figures & charts from the report, "Liquid Crystal Polymers (LCP) Market Size By Application (Electrical & Electronics, Automotive, Consumer Goods, Lighting, Medical), Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, Japan, India, South Korea, Australia, Malaysia, Thailand, Brazil, Saudi Arabia, UAE, South Africa) Competitive Market Share & Forecast, 2017 – 2024" in detail along with the table of contents:
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Liquid crystal polymer are also wide application in production of sockets, bobbins, connectors, switches, chip carriers, dental tools, pumps, meters and valve liners. These materials emit low viscosity and high flowability filling intricate molds completely making liquid crystal polymers a good choice for manufacturing ultrathin and miniature parts of thickness less than 0.1 mm and shorter cycle times.
Liquid crystal polymer market size from consumer goods application will grow significantly by 2024 due to good microwave frequency conductivity with low dissipation factors, commercial availability and relatively low dielectric constant. It is widely used in manufacturing microwave friendly utensils, containers and packaging.
Global liquid crystal polymers market share is competitive & moderately fragmented with industry participants including Toray, RTP Co., Zeus Industrial, Sumitomo Chemical, Solvay and Celanese. Companies concentrate on improving their distribution network towards other regions and set up manufacturing plants near raw material sources. They adopt strategies including mergers, acquisitions and partnerships to increase their production capacity and expand regional presence.
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Partial Chapters of the Table of Contents:
Chapter 2. Executive Summary
2.1. Liquid crystal polymers market 3600 synopsis, 2017 –2024
2.1.1. Business trends
2.1.2. Application trends
2.1.3. Regional trends
Chapter 3. Liquid Crystal Polymers Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.3.3. Profit margin by position
3.4. Regulatory landscape
3.4.1. U.S.
3.4.2. Europe
3.4.3. China
3.5. Technology Landscape
3.6. Raw Material Analysis
3.7. Pricing analysis
3.7.1. Price analysis by region
3.7.2. North America
3.7.3. Europe
3.7.4. Asia Pacific
3.7.5. LATAM
3.7.6. MEA
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.1.1. North America: Growing demand for miniaturized electrical & electronics devices
3.8.1.2. Europe: Rising demand for lightweight, high performance materials from automotive industry
3.8.1.3. Asia Pacific: Growth in electronics industry
3.8.1.4. LATAM: Growing plastic & polymer based product demand
3.8.1.5. MEA: Strong crude oil production capacity
3.8.2. Industry pitfalls & challenges
3.8.2.1. Warpage and low-weld properties
3.9. Innovation & sustainability
3.10. Growth potential analysis
3.10.1. Emerging business models
3.11. Porter's analysis
3.12. Competitive landscape, 2016
3.12.1. Strategy dashboard
3.12.2. Estimated production capacity by company
3.13. PESTEL analysis
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