Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Liquid Crystal Polymers (LCPs) Market by Type (Precompounded (Pelletized) LFRTs, Direct LFTs (D-LFTs)), By Application (Automotive Industry, Abrasive, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Liquid Crystal Polymers (LCPs) Market by Type (Precompounded (Pelletized) LFRTs, Direct LFTs (D-LFTs)), By Application (Automotive Industry, Abrasive, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 134353 3300 Chemical & Material 377 241 Pages 4.5 (30)

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.

Global Liquid Crystal Polymers (LCPs) Industry Outlook

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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. Celanese (USA)
  2. RTP Company (USA)
  3. Sumitomo Chemical (Japan)
  4. Toray (Japan)
  5. Ueno Fine Chemicals (Japan)
  6. Polyplastics (Japan)
  7. Solvay (Belgium)
  8. Shanghai PRET (China)

Global Liquid Crystal Polymers (LCPs) Market Overview

Highlights of The Liquid Crystal Polymers (LCPs) Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Precompounded (Pelletized) LFRTs
    2. Direct LFTs (D-LFTs)
  1. By Application:

    1. Automotive Industry
    2. Abrasive
    3. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Liquid Crystal Polymers (LCPs) Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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) Overview Financials Developments Strategic Outlook
      14.4.2. RTP Company (USA) Overview Financials Developments Strategic Outlook
      14.4.3. Sumitomo Chemical (Japan) Overview Financials Developments Strategic Outlook
      14.4.4. Toray (Japan) Overview Financials Developments Strategic Outlook
      14.4.5. Ueno Fine Chemicals (Japan) Overview Financials Developments Strategic Outlook
      14.4.6. Polyplastics (Japan) Overview Financials Developments Strategic Outlook
      14.4.7. Solvay (Belgium) Overview Financials Developments Strategic Outlook
      14.4.8. Shanghai PRET (China) Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
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