The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The development of lightweight materials for vehicle components is likely to stimulate innovation in the manufacturing of liquid crystal polymers, boosting the market during the forecast period.

The global liquid crystal polymers market is expected to grow from $1.63 billion in 2022 to $1.75 billion in 2023 at a compound annual growth rate (CAGR) of 7.37%. The global liquid crystal polymers market size is expected to reach $2.39 billion in 2027 at a CAGR of 8.05%.

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 Global Liquid Crystal Polymers Market Segments Include:

• By Product Type: Lyotropic LC Polymers, Thermotropic LC polymers
• By Category: Main Chain LC Polymers, Side Chain LC Polymers
• By Form: LCP Resins And Compounds, Liquid Crystal Polymer Films, Liquid Crystal Polymer Fibers
• By Application: Electrical And Electronics, Industrial Machinery, Consumer Goods, Lighting, Medical, Others Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global liquid crystal polymers market in 2021.

Major Market Players in the liquid crystal polymers market include Celanese Corporation, Sumitomo Chemical Co Ltd., Toray Industries Inc., Solvay S.A., Ueno Fine Chemicals Industry Ltd., Shanghai PRET Composites Co. Ltd., Rogers Corporation.

Product innovation is a significant trend that is gaining traction in the liquid crystal polymer industry. To maintain their market position, major industry players are offering revolutionary goods such as SUMIKASUPER liquid crystal polymers. Sumitomo Chemical Advanced Technologies, a US-based developer of industrial chemicals and materials, for example, developed the SUMIKASUPER long-fiber thermoplastic (LFT) compound family in July 2022. The new product contains high-performance liquid crystal polymer (LCP) matrices reinforced with 13-mm chopped carbon fibre or fibreglass, which gives the material with great structural stability. The product’s novelty is that it has a 30-50% fiber-weight percentage of E-glass and high-modulus carbon fibre, which considerably improves the material’s thermal and mechanical performance.

The Liquid Crystal Polymers Global Market Report 2023  provides a liquid crystal polymers market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The liquid crystal polymers market forecast analyzes liquid crystal polymers market size, liquid crystal polymers market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Liquid crystal polymers (LCPs) are a type of high-performance engineering thermoplastic with a distinct set of features such as high strength, stiffness, chemical resistance, and thermal stability. LCPs are employed in a wide range of high-performance applications across multiple industries. Temperature and chemical conditions solve wear and degradation issues found with conventional fibre materials.

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