Liquid Crystalline Polymers Market
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PUBLISHED: 2022 ID: SMRC21464
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Liquid Crystalline Polymers Market Forecasts to 2028 – Global Analysis By Type (Lyotropic, Thermotropic), Application (Lighting, Automotive, Industrial), and By Geography

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4.3 (58 reviews)
Published: 2022 ID: SMRC21464

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Liquid Crystalline Polymers Market is accounted for $1.22 billion in 2021 and is expected to reach $2.41 billion by 2028 growing at a CAGR of 10.2% during the forecast period. Liquid crystal polymers are a class of unique aromatic polymers based on 4-hydroxybenzoic acid and related monomers. Liquid crystal polymers possess excellent properties - they are fire-resistant at high temperatures and chemically resistant in very thin-walled applications.

Market Dynamics:

Driver:

Introduction of new generation technologies


Technologies such as 5G and 3D printing are key drivers in increasing demand for liquid crystal polymers. The demand for liquid crystal polymers is growing at a very rapid pace with a huge number of applications, ranging from electrical & electronics and automotive to consumer goods, sports, leisure, and medical devices. Moreover, the increasing application of liquid crystal polymer films in flexible solar cells, due to their exceptional heat resistance and low water absorbency is also underpinning gains for the market. In the emerging 5G communication, liquid crystal polymers are being viewed on a large scale as novel materials with an optimistic outlook for mobile phone antennas.

Restraint:

High cost


The cost of liquid crystal polymers is usually high compared to traditional polymers which is a key challenge and this might affect the market’s growth. The manufacturing process of liquid crystal polymers is an energy-intensive and complex process, resulting in high-cost prices. Such high-cost nature of liquid crystal polymers might affect the market’s growth during the forecast period. To manufacture liquid crystal polymers, products with high-temperature functions and a high level of technical expertise are needed. So, both the manufacturing process and the final liquid crystal polymer products are expensive. The high price of liquid crystal polymers limits their use to high-end application areas, thus restricting the market growth.

Opportunity:

Emerging market for thermoplastic polymers


Thermoplastics have the characteristics to become liquid when heated and back to the solid-state when cooled. The cycle of melting and freezing can be recurrent. This will allow the plastic to be reshaped by heating it. Liquid crystal polymers are the major thermoplastics utilized for high-temperature applications in various end-use industries. Because of their properties, thermoplastic polymers are gaining importance as an alternative to traditional materials. Thermoplastics are likely to have many emerging applications in the near future, which will further enhance the growth prospects for liquid crystal polymers.

Threat:

Limited market opportunities in developed countries


The US, Germany, the UK, and Japan have highly developed economies and advanced industrial activities. They have a well-established infrastructure for the public, commercial, and transportation sectors. The developed infrastructure in these countries signifies low prospects for new players. Therefore, there is limited scope for the growth of the liquid crystalline polymer market in these countries. Manufacturers of hybrid adhesives & sealants need to develop innovative products to capture newer markets. Thus, limited market opportunities in developed countries act as a key challenge for the growth of the liquid crystalline polymers market.

The thermotropic segment is expected to be the largest during the forecast period

The thermotropic segment is estimated to have a lucrative growth as this type of polymer has excellent thermal properties, low viscosity, and exhibits superior elastic behavior. Thermotropic liquid crystal polymers are extensively recognized polymers owing to their application in various electronics. Because of such diverse properties and uses, market players and research organizations are expanding the portfolio of thermotropic liquid crystal polymer.

The electrical & electronics segment is expected to have the highest CAGR during the forecast period

The electrical & electronics segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the massive growth in the demand for electronic products globally.  The high-quality properties of liquid crystal polymers allow the massive use of liquid crystal polymers in various electronic product components and parts such as antenna substrates and housings, chip carriers, flexible printed circuits, etc.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to rapid expansion of the electrical & electronics industry, increasing domestic demand, coupled with affordable manufacturing facilities, and increasing population and demands, accompanied by initiatives for new technologies and products. The increasing electrical & electronics, automobile, and consumer goods industries are propelling the demand for liquid crystal polymers in the region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period owing to the presence of major automotive OEMs along with consumer inclination towards high-end automobiles, recent advancements in vehicular electronic devices complementing compact design and impact resistance, and increasing industrial machinery application substituting ceramic materials and mass transfer packaging in chemical industries.

Key players in the market

Some of the key players profiled in the Liquid Crystalline Polymers Market include Shenzhen WOTE Advanced Materials Co Ltd, UENO Fine Chemicals Industry Ltd, Toray Industries, Inc., Sumitomo Chemicals Co. Ltd., Chang Chun Plastics Co. Ltd, Solvay S.A, Polyplastics Co., Ltd, Shanghai PRET Composites Co. Ltd, Celanese Corporation and Seyang Polymer.  

Key Developments:

In Jan 2021, Celanese Corporation announced its plan to build a world-class liquid crystal polymer (LCP) plant in China.  Through this new LCP facility, the company will be able to expand its high-value Zenite and Vectra LCP product lines.

In July 2019, Sumitomo Chemicals Co. Ltd. developed three new LCPs, which include SumikaSuper E6205L, SumikaSuper SR1205L, and SumikaSuper SZ6911EM. These LCPs are specifically designed for high-speed connectors such as backplanes and automotive connectors for infotainment.
 
Molding Types Covered:
• Extrusion Molding
• Injection Molding
 
Categories Covered:
• Main Chain LC Polymers
• Side Chain LC Polymers
 
Types Covered:
• Lyotropic
• Thermotropic
 
Polymer Types Covered:
• Liquid Crystal Polymer Resins & Compounds  
• Liquid Crystal Polymer Laminates   
• Liquid Crystal Polymer Films  
• Liquid Crystal Polymer Fibers  
 
Brands Covered:

• Xydar 
• Vectra/Zenite 
• Sumikasuper 
• Siveras LCP Resin 
• Laperos LCP 
 
Shapes Covered:

• Disc-Shaped Molecules
• Banana-Shaped Molecules
 
Phases Covered:
• Smectic Phase 
• Nematic phase 
• Discotic Phase 
• Cholesteric Phase 
 
Applications Covered:
• Consumer Goods, Sports & Leisure
• Electrical & Electronics
• Lighting
• Healthcare & Medical Devices
• Automotive
• Food and Beverage Containers
• Aerospace & Defense
• Chemical Processing
• Industrial
• Conducting Foam
• LC Thermometer
• Displays
• Kevlar
• Heat Sensitive Cameras
• Solar cells
• Optical imaging

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary             
               
2 Preface        
      
 2.1 Abstract             
 2.2 Stake Holders            
 2.3 Research Scope            
 2.4 Research Methodology           
  2.4.1 Data Mining           
  2.4.2 Data Analysis            
  2.4.3 Data Validation           
  2.4.4 Research Approach           
 2.5 Research Sources            
  2.5.1 Primary Research Sources          
  2.5.2 Secondary Research Sources          
  2.5.3 Assumptions           
               
3 Market Trend Analysis            
 3.1 Introduction            
 3.2 Drivers             
 3.3 Restraints            
 3.4 Opportunities            
 3.5 Threats             
 3.6 Application Analysis           
 3.7 Emerging Markets            
 3.8 Impact of Covid-19            
               
4 Porters Five Force Analysis            
 4.1 Bargaining power of suppliers           
 4.2 Bargaining power of buyers           
 4.3 Threat of substitutes           
 4.4 Threat of new entrants            
 4.5 Competitive rivalry            
               
5 Global Liquid Crystalline Polymers Market, By Molding Type         
 5.1 Introduction            
 5.2 Extrusion Molding            
 5.3 Injection Molding            
               
6 Global Liquid Crystalline Polymers Market, By Category         
 6.1 Introduction            
 6.2 Main Chain LC Polymers           
 6.3 Side Chain LC Polymers           
               
7 Global Liquid Crystalline Polymers Market, By Type          
 7.1 Introduction            
 7.2 Lyotropic             
 7.3 Thermotropic            
               
8 Global Liquid Crystalline Polymers Market, By Polymer Type         
 8.1 Introduction            
 8.2 Liquid Crystal Polymer Resins & Compounds         
 8.3 Liquid Crystal Polymer Laminates          
 8.4 Liquid Crystal Polymer Films           
 8.5 Liquid Crystal Polymer Fibers           
               
9 Global Liquid Crystalline Polymers Market, By Brands         
 9.1 Introduction             
 9.2 Xydar             
 9.3 Vectra/Zenite            
 9.4 Sumikasuper            
 9.5 Siveras LCP Resin            
 9.6 Laperos LCP            
               
10 Global Liquid Crystalline Polymers Market, By Shape         
 10.1 Introduction            
 10.2 Disc-Shaped Molecules           
 10.3 Banana-Shaped Molecules           
               
11 Global Liquid Crystalline Polymers Market, By Phase         

 11.1 Introduction            
 11.2 Smectic Phase            
 11.3 Nematic phase            
 11.4 Discotic Phase            
 11.5 Cholesteric Phase            
               
12 Global Liquid Crystalline Polymers Market, By Application         
 12.1 Introduction            
 12.2 Consumer Goods, Sports & Leisure          
 12.3 Electrical & Electronics           
  12.3.1 Printed Circuit Boards          
  12.3.2 Flexible Printed Circuits          
  12.3.3 Connectors           
  12.3.4 Antenna Substrates           
  12.3.5 Chip Carriers           
 12.4 Lighting             
 12.5 Healthcare & Medical Devices           
  12.5.1 Surgical Instruments          
  12.5.2 Dental Tools           
  12.5.3 Surgical Device Control Cables          
  12.5.4 Cannulae            
  12.5.5 Sterilizable Trays           
 12.6 Automotive            
  12.6.1 Solenoids           
  12.6.2 Ignition & Transmission Components         
  12.6.3 Reflectors           
  12.6.4 Lamp Holders           
  12.6.5 Sensors            
  12.6.6 Fog Lamp Bezels            
 12.7 Food and Beverage Containers          
 12.8 Aerospace & Defense           
 12.9 Chemical Processing           
  12.9.1 Valve Liners           
  12.9.2 Pumps            
  12.9.3 Meters            
 12.10 Industrial             
  12.10.1 Printers            
  12.10.2 Measuring Instruments          
  12.10.3 Fax Machine Components          
  12.10.4 Copiers            
 12.11 Conducting Foam            
 12.12 LC Thermometer            
 12.13 Displays             
 12.14 Kevlar             
 12.15 Heat Sensitive Cameras           
 12.16 Solar cells            
 12.17 Optical imaging            
               
13 Global Liquid Crystalline Polymers Market, By Geography         
 13.1 Introduction            
 13.2 North America            
  13.2.1 US            
  13.2.2 Canada            
  13.2.3 Mexico            
 13.3 Europe             
  13.3.1 Germany            
  13.3.2 UK            
  13.3.3 Italy            
  13.3.4 France            
  13.3.5 Spain            
  13.3.6 Rest of Europe           
 13.4 Asia Pacific            
  13.4.1 Japan            
  13.4.2 China            
  13.4.3 India            
  13.4.4 Australia            
  13.4.5 New Zealand           
  13.4.6 South Korea            
  13.4.7 Rest of Asia Pacific           
 13.5 South America            
  13.5.1 Argentina           
  13.5.2 Brazil            
  13.5.3 Chile            
  13.5.4 Rest of South America          
 13.6 Middle East & Africa           
  13.6.1 Saudi Arabia           
  13.6.2 UAE            
  13.6.3 Qatar            
  13.6.4 South Africa           
  13.6.5 Rest of Middle East & Africa          
               
14 Key Developments             
 14.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 14.2 Acquisitions & Mergers           
 14.3 New Product Launch           
 14.4 Expansions            
 14.5 Other Key Strategies           
               
15 Company Profiling             
 15.1 Shenzhen WOTE Advanced Materials Co Ltd         
 15.2 UENO Fine Chemicals Industry Ltd          
 15.3 Toray Industries, Inc.           
 15.4 Sumitomo Chemicals Co. Ltd.           
 15.5 Chang Chun Plastics Co. Ltd           
 15.6 Solvay S.A            
 15.7 Polyplastics Co., Ltd            
 15.8 Shanghai PRET Composites Co. Ltd          
 15.9 Celanese Corporation           
 15.10 Seyang Polymer            


List of Tables              
1 Global Liquid Crystalline Polymers Market Outlook, By Region (2020-2028) ($MN)       
2 Global Liquid Crystalline Polymers Market Outlook, By Molding Type (2020-2028) ($MN)      
3 Global Liquid Crystalline Polymers Market Outlook, By Extrusion Molding (2020-2028) ($MN)      
4 Global Liquid Crystalline Polymers Market Outlook, By Injection Molding (2020-2028) ($MN)      
5 Global Liquid Crystalline Polymers Market Outlook, By Category (2020-2028) ($MN)       
6 Global Liquid Crystalline Polymers Market Outlook, By Main Chain LC Polymers (2020-2028) ($MN)     
7 Global Liquid Crystalline Polymers Market Outlook, By Side Chain LC Polymers (2020-2028) ($MN)     
8 Global Liquid Crystalline Polymers Market Outlook, By Type (2020-2028) ($MN)       
9 Global Liquid Crystalline Polymers Market Outlook, By Lyotropic (2020-2028) ($MN)      
10 Global Liquid Crystalline Polymers Market Outlook, By Thermotropic (2020-2028) ($MN)      
11 Global Liquid Crystalline Polymers Market Outlook, By Polymer Type (2020-2028) ($MN)      
12 Global Liquid Crystalline Polymers Market Outlook, By Liquid Crystal Polymer Resins & Compounds (2020-2028) ($MN)   
13 Global Liquid Crystalline Polymers Market Outlook, By Liquid Crystal Polymer Laminates (2020-2028) ($MN)    
14 Global Liquid Crystalline Polymers Market Outlook, By Liquid Crystal Polymer Films (2020-2028) ($MN)     
15 Global Liquid Crystalline Polymers Market Outlook, By Liquid Crystal Polymer Fibers (2020-2028) ($MN)     
16 Global Liquid Crystalline Polymers Market Outlook, By Brands (2020-2028) ($MN)        
17 Global Liquid Crystalline Polymers Market Outlook, By Xydar (2020-2028) ($MN)       
18 Global Liquid Crystalline Polymers Market Outlook, By Vectra/Zenite (2020-2028) ($MN)      
19 Global Liquid Crystalline Polymers Market Outlook, By Sumikasuper (2020-2028) ($MN)      
20 Global Liquid Crystalline Polymers Market Outlook, By Siveras LCP Resin (2020-2028) ($MN)      
21 Global Liquid Crystalline Polymers Market Outlook, By Laperos LCP (2020-2028) ($MN)      
22 Global Liquid Crystalline Polymers Market Outlook, By Shape (2020-2028) ($MN)       
23 Global Liquid Crystalline Polymers Market Outlook, By Disc-Shaped Molecules (2020-2028) ($MN)     
24 Global Liquid Crystalline Polymers Market Outlook, By Banana-Shaped Molecules (2020-2028) ($MN)     
25 Global Liquid Crystalline Polymers Market Outlook, By Phase (2020-2028) ($MN)       
26 Global Liquid Crystalline Polymers Market Outlook, By Smectic Phase (2020-2028) ($MN)      
27 Global Liquid Crystalline Polymers Market Outlook, By Nematic phase (2020-2028) ($MN)      
28 Global Liquid Crystalline Polymers Market Outlook, By Discotic Phase (2020-2028) ($MN)      
29 Global Liquid Crystalline Polymers Market Outlook, By Cholesteric Phase (2020-2028) ($MN)      
30 Global Liquid Crystalline Polymers Market Outlook, By Application (2020-2028) ($MN)      
31 Global Liquid Crystalline Polymers Market Outlook, By Consumer Goods, Sports & Leisure (2020-2028) ($MN)    
32 Global Liquid Crystalline Polymers Market Outlook, By Electrical & Electronics (2020-2028) ($MN)     
33 Global Liquid Crystalline Polymers Market Outlook, By Printed Circuit Boards (2020-2028) ($MN)     
34 Global Liquid Crystalline Polymers Market Outlook, By Flexible Printed Circuits (2020-2028) ($MN)     
35 Global Liquid Crystalline Polymers Market Outlook, By Connectors (2020-2028) ($MN)      
36 Global Liquid Crystalline Polymers Market Outlook, By Antenna Substrates (2020-2028) ($MN)     
37 Global Liquid Crystalline Polymers Market Outlook, By Chip Carriers (2020-2028) ($MN)      
38 Global Liquid Crystalline Polymers Market Outlook, By Lighting (2020-2028) ($MN)       
39 Global Liquid Crystalline Polymers Market Outlook, By Healthcare & Medical Devices (2020-2028) ($MN)     
40 Global Liquid Crystalline Polymers Market Outlook, By Surgical Instruments (2020-2028) ($MN)     
41 Global Liquid Crystalline Polymers Market Outlook, By Dental Tools (2020-2028) ($MN)      
42 Global Liquid Crystalline Polymers Market Outlook, By Surgical Device Control Cables (2020-2028) ($MN)    
43 Global Liquid Crystalline Polymers Market Outlook, By Cannulae (2020-2028) ($MN)      
44 Global Liquid Crystalline Polymers Market Outlook, By Sterilizable Trays (2020-2028) ($MN)      
45 Global Liquid Crystalline Polymers Market Outlook, By Automotive (2020-2028) ($MN)      
46 Global Liquid Crystalline Polymers Market Outlook, By Solenoids (2020-2028) ($MN)      
47 Global Liquid Crystalline Polymers Market Outlook, By Ignition & Transmission Components (2020-2028) ($MN)    
48 Global Liquid Crystalline Polymers Market Outlook, By Reflectors (2020-2028) ($MN)      
49 Global Liquid Crystalline Polymers Market Outlook, By Lamp Holders (2020-2028) ($MN)      
50 Global Liquid Crystalline Polymers Market Outlook, By Sensors (2020-2028) ($MN)       
51 Global Liquid Crystalline Polymers Market Outlook, By Fog Lamp Bezels (2020-2028) ($MN)      
52 Global Liquid Crystalline Polymers Market Outlook, By Food and Beverage Containers (2020-2028) ($MN)    
53 Global Liquid Crystalline Polymers Market Outlook, By Aerospace & Defense (2020-2028) ($MN)     
54 Global Liquid Crystalline Polymers Market Outlook, By Chemical Processing (2020-2028) ($MN)     
55 Global Liquid Crystalline Polymers Market Outlook, By Valve Liners (2020-2028) ($MN)      
56 Global Liquid Crystalline Polymers Market Outlook, By Pumps (2020-2028) ($MN)       
57 Global Liquid Crystalline Polymers Market Outlook, By Meters (2020-2028) ($MN)       
58 Global Liquid Crystalline Polymers Market Outlook, By Industrial (2020-2028) ($MN)      
59 Global Liquid Crystalline Polymers Market Outlook, By Printers (2020-2028) ($MN)       
60 Global Liquid Crystalline Polymers Market Outlook, By Measuring Instruments (2020-2028) ($MN)     
61 Global Liquid Crystalline Polymers Market Outlook, By Fax Machine Components (2020-2028) ($MN)     
62 Global Liquid Crystalline Polymers Market Outlook, By Copiers (2020-2028) ($MN)       
63 Global Liquid Crystalline Polymers Market Outlook, By Conducting Foam (2020-2028) ($MN)       
64 Global Liquid Crystalline Polymers Market Outlook, By LC Thermometer (2020-2028) ($MN)      
65 Global Liquid Crystalline Polymers Market Outlook, By Displays (2020-2028) ($MN)       
66 Global Liquid Crystalline Polymers Market Outlook, By Kevlar (2020-2028) ($MN)       
67 Global Liquid Crystalline Polymers Market Outlook, By Heat Sensitive Cameras (2020-2028) ($MN)     
68 Global Liquid Crystalline Polymers Market Outlook, By Solar cells (2020-2028) ($MN)      
69 Global Liquid Crystalline Polymers Market Outlook, By Optical imaging (2020-2028) ($MN)      
               
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above. 

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