Market Overview:
The global liquid crystal polymers (LCPs) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the LCPs market can be attributed to the increasing demand for lightweight and high-performance materials in automotive and aerospace applications. In addition, the growing demand for abrasives owing to the increasing industrialization and urbanization is also propelling the growth of this market. The global LCPs market can be segmented on the basis of type into precompounded (pelletized) LFRTs and direct LFTs (D-LFTs). The precompounded (pelletized) LFRTs segment is expected to account for a larger share of this market than D-LFTs during the forecast period. This can be attributed to their lower manufacturing costs as compared with D-LFT products. On the basis of application, automotive industry accounted for a major share of this market in 2017 owing to its growing demand for lightweight materials that offer better performance characteristics such as strength, stiffness, thermal stability, and chemical resistance.
 Industry Outlook.svg)
Product Definition:
Liquid crystal polymers are a type of synthetic polymer that can be used to create flexible, transparent displays. They are important because they can be used to create displays that are both flexible and transparent.
Precompounded (Pelletized) LFRTs:
Precompounded LFRTs are a special type of liquid crystal polymer, which is manufactured by combining two or more polymers in an appropriate ratio. The product has superior properties such as high thermal stability and optical clarity when compared to conventional LCPs.
The global market for precompounded LFRT is expected to grow at a significant rate over the forecast period owing to its increasing usage in the electronics industry due to its excellent electrical insulation property.
Direct LFTs (D-LFTs):
Direct LFTs (D-LFTs) is a new term in the field of polymer chemistry. It was introduced to replace conventional light scattering techniques for measuring molecular weight, which are based on polystyrene standards. D-LFTs provides more accurate and sensitive measurement of low concentration samples than conventional techniques, such as GPC or HPLC methods.
Application Insights:
Automotive application segment accounted for the largest volume share of over 30% in 2017. LCPs are used as an alternative to polyester-based plastics due to their superior properties such as impact resistance, high temperature performance and low cost. The growing automotive industry is expected to remain a key factor driving the market growth over the forecast period. Increasing use of LCPs in manufacturing engine components, transmission belts and drive shafts is projected to fuel demand growth during the next eight years.
Abrasive applications include glass transition temperatures (Tg) of plastic compounds that determine their suitability for use in abrasive products e.g.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017 owing to the presence of a large number of manufacturers and end-users coupled with high demand from various industries such as automotive, abrasives, packaging, and display. The U.S., being one of the most developed nations is expected to witness higher penetration rates in different applications due to technological advancements along with an increase in R&D activities related to liquid crystal polymer solutions.
Asia Pacific is anticipated to be one of the fastest growing regions over a forecast period owing its increasing application scope across several industries including automotive & transportation, abrasives manufacturing sector which will drive market growth over next eight years till 2030 AD (Year-on-Bil).
Growth Factors:
- Increasing demand from the automotive and electronics industries: The global automotive and electronics industries are expected to grow at a CAGR of 4.5% and 6.9%, respectively, between 2016 and 2020. This is expected to drive the demand for LCPs, as these polymers offer superior properties such as high thermal stability, low dielectric constant, good dimensional stability, etc., which are essential for applications in these industries.
- Rising demand from Asia Pacific: Asia Pacific is currently the fastest-growing region for LCPs market and is expected to grow at a CAGR of 7% between 2016 and 2020. This growth can be attributed to the increasing population, rising disposable income levels, rapid industrialization & urbanization in countries such as China and India, etc., which are fueling the demand for advanced materials like LCPs in various end-use applications in this region.
- Growing popularity of lightweight vehicles: With governments across the globe focusing on reducing greenhouse gas emissions by promoting the use of lightweight vehicles, there has been a surge in demand for high-performance plastics like LCPs that can help reduce weight without compromising on performance or safety aspects. This is likely to boost growth prospects of the global LCPs market during forecast period 2016 – 2020 .
Scope Of The Report
Report Attributes
Report Details
Report Title
Liquid Crystal Polymers (LCPs) Market Research Report
By Type
Precompounded (Pelletized) LFRTs, Direct LFTs (D-LFTs)
By Application
Automotive Industry, Abrasive, Other
By Companies
Celanese (USA), RTP Company (USA), Sumitomo Chemical (Japan), Toray (Japan), Ueno Fine Chemicals (Japan), Polyplastics (Japan), Solvay (Belgium), Shanghai PRET (China)
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Liquid Crystal Polymers (LCPs) Market Report Segments:
The global Liquid Crystal Polymers (LCPs) market is segmented on the basis of:
Types
Precompounded (Pelletized) LFRTs, Direct LFTs (D-LFTs)
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
Automotive Industry, Abrasive, Other
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:
- Celanese (USA)
- RTP Company (USA)
- Sumitomo Chemical (Japan)
- Toray (Japan)
- Ueno Fine Chemicals (Japan)
- Polyplastics (Japan)
- Solvay (Belgium)
- Shanghai PRET (China)
 Market Overview.svg)
Highlights of The Liquid Crystal Polymers (LCPs) 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:
- Precompounded (Pelletized) LFRTs
- Direct LFTs (D-LFTs)
- By Application:
- Automotive Industry
- Abrasive
- Other
- 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 Polymers (LCPs) 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
 Market Statistics.svg)
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 polymers (LCPs) are a type of polymer that can be switched between two states, or phases, by applying an electric field. This makes LCPs useful for creating displays and other electronic devices with movable parts.
Some of the key players operating in the liquid crystal polymers (lcps) market are Celanese (USA), RTP Company (USA), Sumitomo Chemical (Japan), Toray (Japan), Ueno Fine Chemicals (Japan), Polyplastics (Japan), Solvay (Belgium), Shanghai PRET (China).
The liquid crystal polymers (lcps) 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 Polymers (LCPs) 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 Polymers (LCPs) 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 Polymers (LCPs) Market - Supply Chain
4.5. Global Liquid Crystal Polymers (LCPs) Market Forecast
4.5.1. Liquid Crystal Polymers (LCPs) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Liquid Crystal Polymers (LCPs) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Liquid Crystal Polymers (LCPs) Market Absolute $ Opportunity
5. Global Liquid Crystal Polymers (LCPs) 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 Polymers (LCPs) Market Size and Volume Forecast by Type
5.3.1. Precompounded (Pelletized) LFRTs
5.3.2. Direct LFTs (D-LFTs)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Liquid Crystal Polymers (LCPs) 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 Polymers (LCPs) Market Size and Volume Forecast by Application
6.3.1. Automotive Industry
6.3.2. Abrasive
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Liquid Crystal Polymers (LCPs) 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 Polymers (LCPs) 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 Polymers (LCPs) 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 Polymers (LCPs) 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 Polymers (LCPs) Demand Share Forecast, 2019-2029
9. North America Liquid Crystal Polymers (LCPs) 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 Polymers (LCPs) 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 Polymers (LCPs) Market Size and Volume Forecast by Application
9.4.1. Automotive Industry
9.4.2. Abrasive
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Liquid Crystal Polymers (LCPs) Market Size and Volume Forecast by Type
9.7.1. Precompounded (Pelletized) LFRTs
9.7.2. Direct LFTs (D-LFTs)
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 Polymers (LCPs) Demand Share Forecast, 2019-2029
10. Latin America Liquid Crystal Polymers (LCPs) 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 Polymers (LCPs) 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 Polymers (LCPs) Market Size and Volume Forecast by Application
10.4.1. Automotive Industry
10.4.2. Abrasive
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Liquid Crystal Polymers (LCPs) Market Size and Volume Forecast by Type
10.7.1. Precompounded (Pelletized) LFRTs
10.7.2. Direct LFTs (D-LFTs)
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 Polymers (LCPs) Demand Share Forecast, 2019-2029
11. Europe Liquid Crystal Polymers (LCPs) 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 Polymers (LCPs) 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 Polymers (LCPs) Market Size and Volume Forecast by Application
11.4.1. Automotive Industry
11.4.2. Abrasive
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Liquid Crystal Polymers (LCPs) Market Size and Volume Forecast by Type
11.7.1. Precompounded (Pelletized) LFRTs
11.7.2. Direct LFTs (D-LFTs)
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 Polymers (LCPs) Demand Share, 2019-2029
12. Asia Pacific Liquid Crystal Polymers (LCPs) 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 Polymers (LCPs) 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 Polymers (LCPs) Market Size and Volume Forecast by Application
12.4.1. Automotive Industry
12.4.2. Abrasive
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Liquid Crystal Polymers (LCPs) Market Size and Volume Forecast by Type
12.7.1. Precompounded (Pelletized) LFRTs
12.7.2. Direct LFTs (D-LFTs)
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 Polymers (LCPs) Demand Share, 2019-2029
13. Middle East & Africa Liquid Crystal Polymers (LCPs) 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 Polymers (LCPs) 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 Polymers (LCPs) Market Size and Volume Forecast by Application
13.4.1. Automotive Industry
13.4.2. Abrasive
13.4.3. Other
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 Polymers (LCPs) Market Size and Volume Forecast by Type
13.7.1. Precompounded (Pelletized) LFRTs
13.7.2. Direct LFTs (D-LFTs)
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 Polymers (LCPs) Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Liquid Crystal Polymers (LCPs) Market: Market Share Analysis
14.2. Liquid Crystal Polymers (LCPs) Distributors and Customers
14.3. Liquid Crystal Polymers (LCPs) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Celanese (USA)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. RTP Company (USA)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sumitomo Chemical (Japan)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Toray (Japan)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ueno Fine Chemicals (Japan)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Polyplastics (Japan)
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 (Belgium)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shanghai PRET (China)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
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
