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Liquid Crystal Polymers Market COVID-19 Impact Analysis, Top Companies and Forecast To 2028.

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shubham kasbe
Liquid Crystal Polymers Market COVID-19 Impact Analysis, Top Companies and Forecast To 2028.

The Global Liquid Crystal Polymers Market reached USD 1,517.78 million in 2021 and is expected to grow at a CAGR of 9.23% during the forecast period from 2021 to 2030. dielectric properties make them excellent candidates in electrical and electronic applications. electrical and electronic parts (connectors, sockets, chip carriers), mechanical parts, food containers, automotive underhood parts, chemical processing, and household cookware for conventional and microwave ovens.


LCP films and sheets are well suited for many medical, chemical, electronic, beverage, and food packaging applications. LCPs have aroused considerable attention because of their wide applications as engineering plastics, high-strength and high-modulus fibers, electro-optic or nonlinear optic materials, stationary phases, and their use as gas separation membranes, etc.


COVID-19 Impact on Liquid Crystal Polymers Market


Liquid Crystal Polymers (LCPs) possess various properties such as excellent mechanical properties at high temperature, high chemical inertness, inherent flame retardancy, and good weather ability, which make it suitable for their use in making product miniaturization in the electrical & electronics industry and automotive industry. It has wide range industrial application in medical, aerospace, electrical & electronics industry and automotive industry. It is highly consumed in making electronic components include Smartphone, Laptops, Tablets, and others. Hence, Liquid Crystal Polymers (LCPs) market is experiencing growth during the COVID-19 period.


Market Segmentation:


By End User  


The end user segment of the market is divided into electrical & electronics, consumer goods, automotive, lighting, medical, others. Electrical & electronics segment is projected to capture the largest market share. Electrical & Electronics and Consumer Electronics are so far the largest consumers of LCP and will continue being the major consumers in the long-term forecast.


By Brands    


The brands segment is expected to be divided into laperos LCP, vectra/zenite LCP, sumikasuper LCP, xydar LCP, siveras LCP resin, others. Vectra/zenite LCP is projected to be the largest segment. Companies manufactures Vectra LCP using several polymer systems with various fillers and reinforcements for injection molding, as well as a range of neat polymers for extrusion and melt spinning processes.


By Type      


The type segment is divided into thermotropic, lyotropic. Thermotropic segment is expected to capture the largest market share. Thermotropic liquid crystalline polymers (TLCPs) are high-performance polymers that have excellent thermo-mechanical properties combined with a low density, resulting in excellent specific properties. It has increasing application as display materials, information storage materials, optical couplers, and optical waveguides.


Major Developments in the Global Liquid Crystal Polymers Market are


In September 2021, Polyplastics Co. Ltd decided to build a new polymerization facility at Polyplastics Taiwan Co. Ltd with a production capacity of 5,000 tons per year.

In January 2021, Celanese Corporation announced plans to develop a multi-phase LCP polymerization plant in China to enable a substantial increase in its high-value Vectra and Zenite LCP product lines.

October 2020 - Polyplastics Co. Ltd completed acquisition of total shares of Polyplastics Co. Ltd from Celanese.

Major companies operating in the Liquid Crystal Polymers market are Polyplastics Co., Ltd (Japan), Celanese Corporation (U.S.), Solvay S.A. (Belgium), Toray Industries, Inc. (Japan), and Sumitomo Chemicals Co. Ltd. (Japan).

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