Liquid Crystal Polymer Market is expected to grow 1.6X in value by 2031
As per Fact.MR – a market research and competitive intelligence provider, the global market for liquid crystal polymers (LCPs) is expected to grow 1.6X in value by 2031.
Growing penetration of the miniaturization trend in the electronics & electrical industry has attained all the limelight of stakeholders that are looking forward to expand their product applications. As the automotive industry continues to embrace the trend of lightweight vehicles, in line with growing demand for better performing motors and efficient fuel consumption, LCPs are emerging as a viable substitute for heavy metal components.
In a thriving automotive industry, LCPs are primarily witnessing traction for use in fuel contact components and battery components. Moreover, favourable properties of liquid crystal polymers, namely, high chemical resistance, thermal resistance, and good mechanical strength, along with benefits of light weight, continue to make them the material of choice for a wide range of applications.
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Liquid Crystal Polymer Market – Scope of Report:
A latest publication by Fact.MR on the global Liquid Crystal Polymer market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.
The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.
The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2021-2031.
Important indicators for the successful growth of the Liquid Crystal Polymer market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.
This research study can support readers to know the demand for Liquid Crystal Polymer supplements, and the quantitative development opportunities during the study period.
The research is beneficial for shareholders in Liquid Crystal Polymer, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.
Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.
Key Manufacturers of Liquid Crystal Polymer
Several companies are investing in R&D to eliminate the risk factor associated with prevailing substitutes in the market. In light of the growing lucrativeness of the market in Asia Pacific, a number of companies have shifted their focus towards the region to squeeze higher gains.
- In January 2019, Celanese Corporation acquired Indian firm Next Polymers Ltd., which deals in engineered plastics compounding, such as liquid crystal polymers, to expand its market presence in Asia Pacific. In February 2019, the company also purchased leading India polymer manufacturer OmniPlastics to extend its geographical reach, increase its product portfolio, and appeal to a wider pool of customers.
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Report benefits & key questions answered
- Post covid consumer spending on Liquid Crystal Polymer: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
- Liquid Crystal Polymer demand outlook: the market intelligence study reports highlights the factor propelling the demand for Liquid Crystal Polymer. As per the study, the demand for Liquid Crystal Polymer will grow through 2031.
- Liquid Crystal Polymer historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2021-2031.
- Liquid Crystal Polymer consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.
Liquid Crystal Polymer Market Segmentations:
- By Form
- LCP Resins & Compounds
- Liquid Crystal Polymer Films
- Liquid Crystal Polymer Fibers
- By Application
- Electrical & Electronics
- Flexible Circuits
- Printed Circuit Boards
- Lamp Holders
- Electronic Components
- Ignition & Transmission Components
- Aerospace & Defense
- Consumer Goods, Sports & Leisure
- Measuring Instruments
- Electrical & Electronics
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