Global Liquid Crystal Polymers (LCP) Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Liquid Crystal Polymers (LCP) Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By End User Industry (Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery, and Other End-User Industries), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Liquid Crystal Polymers (LCP) Market was valued at USD 914.7 million in 2023 and is expected to reach USD 1,705.7 million by 2031 while growing at a CAGR of 8.1% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global liquid crystal polymers (LCP) market growth. Liquid Crystal Polymers (LCPs) are high-performance engineering thermoplastics with liquid crystalline properties, showcasing a unique molecular structure that combines features of both liquids and crystalline solids. Their melt phase exhibits a highly ordered, anisotropic structure, providing outstanding mechanical, thermal, and electrical properties to LCPs.
Increasing demand in the electronics industry and rising demand in automotive applications drive growth in the liquid crystal polymers (LCP) market. However, obstacles such as the high cost of production and limited awareness and understanding may impede market expansion.
Furthermore, the global liquid crystal polymers (LCP) industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By End User Industry Analysis
The Global Liquid Crystal Polymers (LCP) Market is segmented among Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery, and Other End-User Industries, based on End User Industry. In 2023, Electrical and Electronics accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Liquid Crystal Polymers (LCP) Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Celanese Corporation, Daicel Corporation, Kingfa Sci.&Tech. Co.,Ltd., Ningbo Jujia New Material Technology Co., Ltd, Shanghai PRET Composite Material Co., Ltd., Shenzhen Wote Advanced Materials Co.,Ltd., Solvay, Sumitomo Chemical Co., Ltd., Toray Industries, Inc., and Ueno Fine Chemicals Industry, Ltd.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Liquid Crystal Polymers (LCP) Market Dynamics
Drivers
Restraints
Opportunity
4. Global Liquid Crystal Polymers (LCP) Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Liquid Crystal Polymers (LCP) Market Segmentation, By End User Industry
Global Liquid Crystal Polymers (LCP) Market Share Analysis, By End User Industry
Global Liquid Crystal Polymers (LCP) Market Growth Analysis, By End User Industry
Global Liquid Crystal Polymers (LCP) Market Trends, By End User Industry
o Aerospace
o Automotive
o Electrical and Electronics
o Industrial and Machinery
o Other End-User Industries
6. Global Liquid Crystal Polymers (LCP) Market Segmentation, By Region
Global Liquid Crystal Polymers (LCP) Market Share Analysis, By Region
Global Liquid Crystal Polymers (LCP) Market Growth Analysis, By Region
Global Liquid Crystal Polymers (LCP) Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
7. Competitive Landscape
Celanese Corporation*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Daicel Corporation
Kingfa Sci.&Tech. Co.,Ltd.
Ningbo Jujia New Material Technology Co., Ltd
Shanghai PRET Composite Material Co., Ltd.
Shenzhen Wote Advanced Materials Co., Ltd.
Solvay
Sumitomo Chemical Co., Ltd.
Toray Industries, Inc.
Ueno Fine Chemicals Industry, Ltd.
*Similar analysis will be provided for each company listed above.