Market Overview:
The global medical grade liquid crystal polymer market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for medical devices and consumables, and technological advancements in the field of liquid crystal polymers. Based on type, the global medical grade liquid crystal polymer market is segmented into lyotropic liquid crystal polymer and thermotropic liquid crystal polymer. Lyotropic Liquid Crystal Polymer (LCLP) dominates the overall market with a share of more than 85%. This can be attributed to its high thermal stability, biocompatibility, non-toxicity, and low moisture absorption properties. LCLP are used in various applications such as drug delivery systems (including oral solid dosage forms), implantable devices (including stents), tissue engineering scaffolds, contact lenses etc., whereas thermotropic LCMs are mainly used for optical displays applications such as televisions monitors etc. Based on application, the global medical grade LCM market is segmented into two categories namely medical devices and consumables. Medical Devices account for a larger share as compared to Consumables due to their growing demand across various end-use industries including diagnostics & therapeutics segments which has been witnessing rapid innovations over last few years owing to advancement in technologies such as 3D printing & nanotechnology .
Product Definition:
Medical grade liquid crystal polymer is a type of plastic that is often used in medical devices. It is strong and durable, yet flexible, and it can be sterilized. This makes it a good choice for use in implants and other medical devices that must be kept clean and free of infection.
Lyotropic Liquid Crystal Polymer:
The lyotropic liquid crystal polymer (LLCP) is a type of liquid crystal polymers that has superior properties such as optical anisotropy, phase transition temperature and thermal stability. The LCPs are used in the manufacturing of ophthalmic devices due to their excellent mechanical strength, biocompatibility and optical clarity.
Thermotropic Liquid Crystal Polymer:
Thermotropic liquid crystal polymer (LLCP) is a new class of thermoplastic that possesses the ability to switch between solid, liquid and gel states. It can be used as an alternative to existing technologies such as thermoset polymers in applications where high-temperature resistance is required. LLCPs have superior mechanical properties such as strength, stiffness and heat deflection temperature compared to other elastomers available in the market today.
Application Insights:
Medical devices segment held the largest share of over 70.0% in 2017. The growth can be attributed to increasing usage of LCP in manufacturing ophthalmic solutions, surgical drapes, surgical masks and other medical devices. Furthermore, growing use of LCPs as a coating for contact lenses is expected to fuel market growth during the forecast period.
LCP finds its major application in manufacturing ophthalmic solutions that are used for curing various eye diseases such as myopia (near-sightedness and farsightedness), astigmatism (distorted vision at all distances), presbyopia (loss of eyesight caused by aging) and others. Growing demand for these products along with an increase in geriatric population is anticipated to boost the global medical grade liquid crystal polymer industry during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D activities and technological advancements in healthcare sector, which has led to an increased demand for medical devices and consumables.
Asia Pacific is expected to witness lucrative growth over the next eight years owing to factors such as improving healthcare infrastructure coupled with growing awareness about liquid crystal polymer-based products among end users including medical device manufacturers and hospitals.
Growth Factors:
- Increasing demand for medical grade liquid crystal polymer from the healthcare sector for use in medical devices and implants.
- Rising demand for high-performance polymers in the medical field to improve device performance and patient safety.
- Growing number of product approvals and launches by key players in the market to cater to rising demand from end users.
- Technological advancements in production processes that are resulting in higher quality products with better performance characteristics.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Grade Liquid Crystal Polymer Market Research Report
By Type
Lyotropic Liquid Crystal Polymer, Thermotropic Liquid Crystal Polymer
By Application
Medical Devices, Medical Consumables
By Companies
Celanese (US), Sumitomo Chemical (JP), Polyplastics (JP), Ueno Fine Chemicals (JP), Toray (JP), Solvay Plastic (BE), AIE (CN), Shanghai PRET (CN)
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 Medical Grade Liquid Crystal Polymer Market Report Segments:
The global Medical Grade Liquid Crystal Polymer market is segmented on the basis of:
Types
Lyotropic Liquid Crystal Polymer, Thermotropic Liquid Crystal Polymer
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
Medical Devices, Medical Consumables
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 (US)
- Sumitomo Chemical (JP)
- Polyplastics (JP)
- Ueno Fine Chemicals (JP)
- Toray (JP)
- Solvay Plastic (BE)
- AIE (CN)
- Shanghai PRET (CN)
Highlights of The Medical Grade Liquid Crystal Polymer 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:
- Lyotropic Liquid Crystal Polymer
- Thermotropic Liquid Crystal Polymer
- By Application:
- Medical Devices
- Medical Consumables
- 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 Medical Grade Liquid Crystal Polymer 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?
Medical grade liquid crystal polymer is a type of clear, viscous liquid that can be used to create displays and other electronic devices. It is made from a mixture of polymers and solvents, which are then heated until the mixture becomes a thick liquid. This material can be shaped into any desired form using various techniques, including injection molding and casting. Medical grade liquid crystal polymer is often used in medical devices because it has low toxicity and low reactivity.
Some of the major players in the medical grade liquid crystal polymer market are Celanese (US), Sumitomo Chemical (JP), Polyplastics (JP), Ueno Fine Chemicals (JP), Toray (JP), Solvay Plastic (BE), AIE (CN), Shanghai PRET (CN).
The medical grade liquid crystal polymer market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Grade Liquid Crystal Polymer 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. Medical Grade Liquid Crystal Polymer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Grade Liquid Crystal Polymer Market - Supply Chain
4.5. Global Medical Grade Liquid Crystal Polymer Market Forecast
4.5.1. Medical Grade Liquid Crystal Polymer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Grade Liquid Crystal Polymer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Grade Liquid Crystal Polymer Market Absolute $ Opportunity
5. Global Medical Grade Liquid Crystal Polymer 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. Medical Grade Liquid Crystal Polymer Market Size and Volume Forecast by Type
5.3.1. Lyotropic Liquid Crystal Polymer
5.3.2. Thermotropic Liquid Crystal Polymer
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Grade Liquid Crystal Polymer 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. Medical Grade Liquid Crystal Polymer Market Size and Volume Forecast by Application
6.3.1. Medical Devices
6.3.2. Medical Consumables
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Grade Liquid Crystal Polymer 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. Medical Grade Liquid Crystal Polymer 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 Medical Grade Liquid Crystal Polymer 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. Medical Grade Liquid Crystal Polymer 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 Medical Grade Liquid Crystal Polymer Demand Share Forecast, 2019-2026
9. North America Medical Grade Liquid Crystal Polymer 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 Medical Grade Liquid Crystal Polymer 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 Medical Grade Liquid Crystal Polymer Market Size and Volume Forecast by Application
9.4.1. Medical Devices
9.4.2. Medical Consumables
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Grade Liquid Crystal Polymer Market Size and Volume Forecast by Type
9.7.1. Lyotropic Liquid Crystal Polymer
9.7.2. Thermotropic Liquid Crystal Polymer
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 Medical Grade Liquid Crystal Polymer Demand Share Forecast, 2019-2026
10. Latin America Medical Grade Liquid Crystal Polymer 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 Medical Grade Liquid Crystal Polymer 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 Medical Grade Liquid Crystal Polymer Market Size and Volume Forecast by Application
10.4.1. Medical Devices
10.4.2. Medical Consumables
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Grade Liquid Crystal Polymer Market Size and Volume Forecast by Type
10.7.1. Lyotropic Liquid Crystal Polymer
10.7.2. Thermotropic Liquid Crystal Polymer
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 Medical Grade Liquid Crystal Polymer Demand Share Forecast, 2019-2026
11. Europe Medical Grade Liquid Crystal Polymer 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 Medical Grade Liquid Crystal Polymer 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 Medical Grade Liquid Crystal Polymer Market Size and Volume Forecast by Application
11.4.1. Medical Devices
11.4.2. Medical Consumables
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Grade Liquid Crystal Polymer Market Size and Volume Forecast by Type
11.7.1. Lyotropic Liquid Crystal Polymer
11.7.2. Termotropic Liquid Crystal Polymer
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 Medical Grade Liquid Crystal Polymer Demand Share, 2019-2026
12. Asia Pacific Medical Grade Liquid Crystal Polymer 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 Medical Grade Liquid Crystal Polymer 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 Medical Grade Liquid Crystal Polymer Market Size and Volume Forecast by Application
12.4.1. Medical Devices
12.4.2. Medical Consumables
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Grade Liquid Crystal Polymer Market Size and Volume Forecast by Type
12.7.1. Lyotropic Liquid Crystal Polymer
12.7.2. Thermotropic Liquid Crystal Polymer
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 Medical Grade Liquid Crystal Polymer Demand Share, 2019-2026
13. Middle East & Africa Medical Grade Liquid Crystal Polymer 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 Medical Grade Liquid Crystal Polymer 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 Medical Grade Liquid Crystal Polymer Market Size and Volume Forecast by Application
13.4.1. Medical Devices
13.4.2. Medical Consumables
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Grade Liquid Crystal Polymer Market Size and Volume Forecast by Type
13.7.1. Lyotropic Liquid Crystal Polymer
13.7.2. Thermotropic Liquid Crystal Polymer
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 Medical Grade Liquid Crystal Polymer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Grade Liquid Crystal Polymer Market: Market Share Analysis
14.2. Medical Grade Liquid Crystal Polymer Distributors and Customers
14.3. Medical Grade Liquid Crystal Polymer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Celanese (US)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sumitomo Chemical (JP)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Polyplastics (JP)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ueno Fine Chemicals (JP)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Toray (JP)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Solvay Plastic (BE)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AIE (CN)
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 (CN)
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