Market Overview:
The global liquid crystal polyester resin market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for liquid crystal polyester resins from the electronics, automotive, aerospace & defense, and other industries. In terms of type, the backbone liquid crystal polyester segment is expected to lead the global market during the forecast period. This segment is projected to grow at a CAGR of 6% during the forecast period. In terms of application, the electronics industry is expected to leadthe global market duringthe forecastperiod.
Product Definition:
Liquid Crystal Polyester Resin is a thermoset resin used in the manufacture of liquid crystal displays. It is a unsaturated polyester resin that can be cured by heat to form a transparent, hard, and durable film.
Backbone Liquid Crystal Polyester:
Backbone liquid crystal polyester resin (LLCP) is a type of polymer used in the manufacturing of Liquid Crystal Polyester Resin (LCPR). It is also used as an intermediate in the production of other thermoplastics such as polyether ketone and phenolic resins. Backbone LCP has high molecular weight, which results into low melt viscosity and higher flow during molding.
Side Chain Liquid Crystal Polyester:
Side chain liquid crystal polyester is a polymer with an amorphous structure. It has been developed as an alternative to conventional polyesters for use in the Liquid Crystal Polyester (LCP) resin market. LCP is used to manufacture electronic displays, such as those used in television sets and computer monitors.
Application Insights:
The electronics segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Liquid crystal polymer resins are used as an adhesive in electronic devices, which help reduce heat generation and maintain low operating temperatures, thereby enhancing product life cycle. The automotive industry uses liquid crystal polymer resin composites that offer high impact resistance, wear-resistance and chemical stability required by vehicles components over their lifespan.
Liquid crystal polyester resins are also used in aerospace & defense applications owing to their excellent mechanical properties such as impact resistance, tensile strength and stiffness along with superior temperature stability required for aircraft interior components including windows & windshields on commercial airplanes across the globe.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing demand from end-use industries, such as electronics, automotive and others. China has been a major consumer of LCD resins in this region owing to cheap labor cost and availability of raw materials at low prices.
North America market was valued at USD X million in 2017 and is projected to grow significantly over the forecast period owing to high demand for liquid crystal polyester resins from various applications including electronics, automotive & transportation equipment manufacturing and others. Increasing use of these products in display applications due to technological advancements will drive regional growth further. In addition, growing aerospace & defense industry due mainly expansionary trends observed across all regions are likely contributors toward future market development (Middle East & Africa; Latin America; Europe).
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and electrical & electronics
- Rising demand for lightweight and durable materials in automotive sector
- Growing construction industry in developing countries
- Increasing penetration of LCD TVs and other electronic devices
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Liquid Crystal Polyester Resin Market Research Report
By Type
Backbone Liquid Crystal Polyester, Side Chain Liquid Crystal Polyester
By Application
Electronics, Automotive, Aerospace & Defense, Others
By Companies
DuPont, TORAY, DSM, Ticona, Polyplastics, Sumitomo Chemical, Solvay Specialty Polymers, GE Plastics, Kuraray, RTP Company, Unitika, Eastman
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Liquid Crystal Polyester Resin Market Report Segments:
The global Liquid Crystal Polyester Resin market is segmented on the basis of:
Types
Backbone Liquid Crystal Polyester, Side Chain Liquid Crystal Polyester
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronics, Automotive, Aerospace & Defense, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DuPont
- TORAY
- DSM
- Ticona
- Polyplastics
- Sumitomo Chemical
- Solvay Specialty Polymers
- GE Plastics
- Kuraray
- RTP Company
- Unitika
- Eastman
Highlights of The Liquid Crystal Polyester Resin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Backbone Liquid Crystal Polyester
- Side Chain Liquid Crystal Polyester
- By Application:
- Electronics
- Automotive
- Aerospace & Defense
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Liquid Crystal Polyester Resin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Liquid crystal polyester resin is a type of thermoplastic resin that can be used to create products such as displays, lenses, and housings. It is made up of small molecules that are arranged in a liquid form, and it can be heated to high temperatures in order to change its properties. This resin is often used in electronics because it has the ability to switch between different colors or patterns depending on the temperature or light exposure.
Some of the major players in the liquid crystal polyester resin market are DuPont, TORAY, DSM, Ticona, Polyplastics, Sumitomo Chemical, Solvay Specialty Polymers, GE Plastics, Kuraray, RTP Company, Unitika, Eastman.
The liquid crystal polyester resin market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Liquid Crystal Polyester Resin Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Liquid Crystal Polyester Resin Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Liquid Crystal Polyester Resin Market - Supply Chain
4.5. Global Liquid Crystal Polyester Resin Market Forecast
4.5.1. Liquid Crystal Polyester Resin Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Liquid Crystal Polyester Resin Market Size (000 Units) and Y-o-Y Growth
4.5.3. Liquid Crystal Polyester Resin Market Absolute $ Opportunity
5. Global Liquid Crystal Polyester Resin Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Liquid Crystal Polyester Resin Market Size and Volume Forecast by Type
5.3.1. Backbone Liquid Crystal Polyester
5.3.2. Side Chain Liquid Crystal Polyester
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Liquid Crystal Polyester Resin Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Liquid Crystal Polyester Resin Market Size and Volume Forecast by Application
6.3.1. Electronics
6.3.2. Automotive
6.3.3. Aerospace & Defense
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Liquid Crystal Polyester Resin Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Liquid Crystal Polyester Resin Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Liquid Crystal Polyester Resin Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Liquid Crystal Polyester Resin Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Liquid Crystal Polyester Resin Demand Share Forecast, 2019-2026
9. North America Liquid Crystal Polyester Resin Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Liquid Crystal Polyester Resin Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Liquid Crystal Polyester Resin Market Size and Volume Forecast by Application
9.4.1. Electronics
9.4.2. Automotive
9.4.3. Aerospace & Defense
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Liquid Crystal Polyester Resin Market Size and Volume Forecast by Type
9.7.1. Backbone Liquid Crystal Polyester
9.7.2. Side Chain Liquid Crystal Polyester
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Liquid Crystal Polyester Resin Demand Share Forecast, 2019-2026
10. Latin America Liquid Crystal Polyester Resin Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Liquid Crystal Polyester Resin Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Liquid Crystal Polyester Resin Market Size and Volume Forecast by Application
10.4.1. Electronics
10.4.2. Automotive
10.4.3. Aerospace & Defense
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Liquid Crystal Polyester Resin Market Size and Volume Forecast by Type
10.7.1. Backbone Liquid Crystal Polyester
10.7.2. Side Chain Liquid Crystal Polyester
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Liquid Crystal Polyester Resin Demand Share Forecast, 2019-2026
11. Europe Liquid Crystal Polyester Resin Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Liquid Crystal Polyester Resin Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Liquid Crystal Polyester Resin Market Size and Volume Forecast by Application
11.4.1. Electronics
11.4.2. Automotive
11.4.3. Aerospace & Defense
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Liquid Crystal Polyester Resin Market Size and Volume Forecast by Type
11.7.1. Backbone Liquid Crystal Polyeser
11.7.2. Side Chain Liquid Crystal Polyester
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Liquid Crystal Polyester Resin Demand Share, 2019-2026
12. Asia Pacific Liquid Crystal Polyester Resin Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Liquid Crystal Polyester Resin Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Liquid Crystal Polyester Resin Market Size and Volume Forecast by Application
12.4.1. Electronics
12.4.2. Automotive
12.4.3. Aerospace & Defense
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Liquid Crystal Polyester Resin Market Size and Volume Forecast by Type
12.7.1. Backbone Liquid Crystal Polyester
12.7.2. Side Chain Liquid Crystal Polyester
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Liquid Crystal Polyester Resin Demand Share, 2019-2026
13. Middle East & Africa Liquid Crystal Polyester Resin Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Liquid Crystal Polyester Resin Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Liquid Crystal Polyester Resin Market Size and Volume Forecast by Application
13.4.1. Electronics
13.4.2. Automotive
13.4.3. Aerospace & Defense
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Liquid Crystal Polyester Resin Market Size and Volume Forecast by Type
13.7.1. Backbone Liquid Crystal Polyester
13.7.2. Side Chain Liquid Crystal Polyester
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Liquid Crystal Polyester Resin Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Liquid Crystal Polyester Resin Market: Market Share Analysis
14.2. Liquid Crystal Polyester Resin Distributors and Customers
14.3. Liquid Crystal Polyester Resin Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DuPont
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. TORAY
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DSM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ticona
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Polyplastics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sumitomo Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Solvay Specialty Polymers
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. GE Plastics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kuraray
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. RTP Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Unitika
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Eastman
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook