Dublin, Dec. 07, 2021 (GLOBE NEWSWIRE) -- The "Liquid Crystal Polymers Market with Covid-19 Impact Analysis by Application(Electrical & Electronics, Consumer Goods, Automotive, Lighting, Medical), and Region (APAC, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The liquid crystal polymers market is projected to reach USD 1.8 billion by 2026, at a CAGR of 8.2% from USD 1.2 billion in 2021.
Emergence of new generation technologies such as 5G and 3D printing
Next generation technologies such as 5G and 3D printing are key drivers in growing demand for liquid crystal polymers. The demand for liquid crystal polymers is growing at a very rapid pace with a multitude of applications, ranging from electrical & electronics and automotive to consumer goods, sports, leisure, and medical devices. Furthermore, increasing application of liquid crystal polymers films in flexible solar cells, owing to its exceptional heat resistance and low water absorbency are also underpinning gains for the market. Moreover, fast-growing technologies, such as 5G communication and 3D printing hold high stakes of growth for the liquid crystal polymers market. In the emerging 5G communication, liquid crystal polymers are being viewed on a large scale as a novel material with an optimistic outlook for mobile phone antennas.
Electrical & electronics to hold the largest share in liquid crystal polymers market between 2021 and 2026.
Electrical & electronics accounted for the largest size of the liquid crystal polymers market, in terms of value in 2020. The market size was estimated to be USD 1,152 million in 2020 and is projected to register a CAGR of 8.2% between 2021 and 2026, in terms of value. Medical application of liquid crystal polymers is projected to witness the highest CAGR of 9.6% between 2021 and 2026. The demand for liquid crystal polymers in medical application is increasing on account of the replacing traditional metals and plastic devices and equipment with high performance materials devices and equipment and the effect of COVID-19 on this segment is less comparatively.
South America is expected to be the fastest-growing liquid crystal polymers market during the forecast period, in terms of value.
In terms of value, South America is projected to witness the highest CAGR of 9.5% between 2021 and 2026; however, the largest market for liquid crystal polymers is APAC at a CAGR of 8.6% during the same period. The growth of the liquid crystal polymers market in APAC is due to rapid expansion of the electrical & electronics industry. The increasing domestic demand, coupled with affordable manufacturing facilities, is expected to continue driving the demand for liquid crystal polymers from various applications in APAC. The increasing population and demands, accompanied with initiatives for new technologies and products are projected to make this region an ideal destination for the liquid crystal polymers market to grow. The growing electrical & electronics, automobile, and consumer goods industries are triggering the demand of liquid crystal polymers in the region.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Liquid Crystal Polymers Market
4.2 Liquid Crystal Polymers Market Size, by Region
4.3 APAC: Liquid Crystal Polymers Market, by Application and Country, 2020
4.4 Liquid Crystal Polymers Market Size, by Application
4.5 Liquid Crystal Polymers Market Size, Application Vs. Region
4.6 Liquid Crystal Polymers Market, by Key Regions/Countries
5 Market Overview and Industry Trends
5.2 Market Dynamics
22.214.171.124 Next-Generation Technologies Such as 5G and 3D Printing
126.96.36.199 Replacement of Conventional Materials by Liquid Crystal Polymers
188.8.131.52 Increasing Engineering Resin Substitutes for Ultra-Thin Components
184.108.40.206 Rising Demand for Lightweight and High-Performance Materials from the Automotive Industry
220.127.116.11 High Manufacturing Costs of Liquid Crystal Polymers
18.104.22.168 Emerging Market for Thermoplastic Polymers
22.214.171.124 Growth Potential in Consumer Goods and Medical Applications
126.96.36.199 Challenges in Processing Liquid Crystal Polymers
5.3 Porter's Five Forces Analysis
5.4 Supply Chain Analysis
5.4.1 Raw Materials
5.4.2 Liquid Crystal Polymer Manufacturers and Distributors
5.4.3 End-Use Industries
5.5 Technology Analysis
5.5.1 5G Connectivity and Liquid Crystal Polymers
5.5.2 Electric Vehicles and Liquid Crystal Polymers
5.5.3 Advancements in Electronic Designs and Liquid Crystal Polymers
5.6 Trends/Disruptions Impacting Customers' Business
5.6.1 Revenue Shifts & Revenue Pockets for Liquid Crystal Polymer Manufacturers
5.7 Ecosystem/ Market Map
5.8 Case Studies
5.8.1 Air Frohlich Using Teflon Film for Heat Exchangers
5.8.2 Ptfe Coatings for Aerospace Components
5.9 Liquid Crystal Polymers Market: Realistic, Pessimistic, Optimistic, and Non-COVID-19 Scenarios
5.9.1 Non-COVID-19 Scenario
5.9.2 Optimistic Scenario
5.9.3 Pessimistic Scenario
5.9.4 Realistic Scenario
5.10 Average Selling Price
5.11 Tariff and Regulatory Landscape
5.11.1 Regulations in Medical Devices
5.12 Trade Analysis
5.12.1 Import Scenario of Liquid Crystal Polymers
5.12.2 Export Scenario of Liquid Crystal Polymers
5.13 COVID-19 Impact
5.14 Impact of COVID-19: Customer Analysis
5.15 Patent Analysis
6 Liquid Crystal Polymers Market, by Application
6.2 Electrical & Electronics
6.2.1 APAC to be the Key Driver for the Market in the Electrical & Electronics Application
6.2.2 Consumer Electrical & Electronics
6.2.3 Industrial Electrical & Electronics
6.3 Consumer Goods
6.3.1 High-Performance Liquid Crystal Polymers Are Used in Many Consumer Goods
6.4.1 Rising Demand for Light-Weight Vehicles in the Automotive Industry Driving the Market in this Segment
6.5.1 Increased Use of Led Lamps Boosting the Lighting Applications of Liquid Crystal Polymers
6.6.1 APAC and North America to Offer Big Growth Potential for the Liquid Crystal Polymers Market
7 Liquid Crystal Polymers Market, by Region
8 Competitive Landscape
8.2 Strategies Adopted by Key Players
8.2.1 Overview of Strategies Adopted by Key Liquid Crystal Polymer Manufacturers
8.3 Market Share Analysis
8.3.1 Ranking of Key Market Players, 2020
8.3.2 Market Share of Key Players
188.8.131.52 Polyplastics Co. Ltd.
184.108.40.206 Celanese Corporation
220.127.116.11 Sumitomo Chemicals Co. Ltd.
18.104.22.168 Solvay S.A.
22.214.171.124 Toray Industries, Inc.
8.4 Revenue Analysis of Top Five Players
8.5 Company Product Footprint Analysis
8.6 Company Evaluation Quadrant
8.6.2 Emerging Leaders
8.7 Start-Up/Smes Evaluation Quadrant
8.7.1 Progressive Companies
8.7.2 Responsive Companies
8.7.3 Starting Blocks
8.8 Competitive Situation and Trends
8.8.1 New Product Launches
8.8.3 Other Developments
9 Company Profiles
9.1 Major Players
9.1.1 Polyplastics Co. Ltd (Diacel Corporation)
9.1.2 Solvay S.A.
9.1.3 Celanese Corporation
9.1.4 Sumitomo Chemical Co. Ltd
9.1.5 Toray Industries, Inc.
9.1.6 Kuraray Co. Ltd
9.1.7 Shanghai Pret Composites Co. Ltd.
9.1.8 Ueno Fine Chemicals Industry Ltd.
9.1.9 Rtp Company
9.1.10 Zeus Industrial Products, Inc.
9.1.11 Chang Chun Plastics Co. Ltd
9.2 Other Key Market Players
9.2.1 Asia International Enterprises (Hk) Ltd.
9.2.2 Lotte Fine Chemicals Co. Ltd
9.2.3 Mitsui Chemicals
9.2.4 Avient Corporation
9.2.5 Shenzhen Wote Advanced Materials Co. Ltd
9.2.6 Sabic Innovative Plastics Ltd.
9.2.7 Polyclean Technologies, Inc.
9.2.8 Evonik Industries
9.2.9 Ashland Inc.
9.2.10 Barlog Plastics Gmbh
9.2.11 Abtec Inc.
9.2.13 Nanjing Qingyan Polymer New Materials Ltd.
9.2.14 Daikin Industries Ltd.
10 Adjacent and Related Markets
10.3 High-Performance Polymers Market
10.3.1 Market Definition
10.3.2 Market Overview
10.4 High-Performance Polymers Market, by End-Use Industry
10.5 High-Performance Polymers Market, by Region
10.5.1 APAC: High-Performance Polymers Market Size, by Country, 2014-2026 (Kiloton)
10.5.2 North America: High-Performance Polymers Market Size, by Country, 2014-2026, (Kiloton)
10.5.3 Europe: High-Performance Polymers Market Size, by Country, 2014-2026 (Kiloton)
10.5.4 Middle East & Africa: High-Performance Polymers Market Size, by Country, 2014-2026 (Kiloton)
10.5.5 South America: High-Performance Polymers Market Size, by Country, 2014-2026 (Kiloton)
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