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The market is segmented by Type (Thermotropic and Lyotropic), by End-user Industry (Electrical & Electronics, Industrial Machinery, Automotive, and Others), and Geography (Asia-Pacific, North America, Europe, and Rest of World)
Fastest Growing Market:
Greater Than 4.5 %
The market for liquid crystal polymers (LCP) is expected to record a CAGR of over 4.5% during the forecast period. One of the major factors driving the growth of the market studied is the strong demand for smaller and thinner electrical components that must withstand higher temperatures and wear. Many of the customers engaged in the manufacture of electronics components are establishing manufacturing operations in China, and therefore, the greatest demand for LCP, used for such components, is coming from China.
The global liquid crystal polymers market report includes:
|Electrical and Electronics|
|Other Applications (Medical and Aerospace)|
|Rest of the World|
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The Asia-Pacific region dominated the global market. China is the world’s largest electronics production base and offers a tough competition to existing upstream producers, like South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, tablets, and so on, have the highest growth in the market in the consumer electronics segment. The electronics manufacturing industry is constantly moving to China, as a result of low cost and increasing demand of electronics products. With the increase in the disposable income of middle-class population, the demand for electronic products is projected to grow in the near future, thereby, driving the liquid crystalline polymers market. Additionally, the US aircraft giant Boeing and Chinese aviation manufacturer Commercial Aircraft Corporation of China Ltd (COMAC), have together opened a Boeing 737 production plant, with a capacity of 100 planes per year in Zhoushan area of China. This factor is likely to drive the aerospace manufacturing industry, which, in turn, is expected to boost the demand for liquid crystalline polymers, for aerospace and aviation applications. Hence, such factors are expected to drive the demand for LCP in the region.
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The global liquid crystalline polymers market is consolidated, with the top five companies accounting for over 85% of the global production. Key players in the global LCP market include Polyplastics, Celanese Corporation, Sumitomo Chemical, Solvay and other prominent players include Toray, Shanghai Pret Composites Co. Ltd, Chang Chun, and Ueno Fine Chemicals Industry Ltd among others.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1.1 Increasing Demand for Miniaturization of Electrical and Electronic Components
4.1.2 Development of Lightweight Materials for Automobile Components
4.2.1 High Costs Compared to Natural Graphite
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Technological Snapshot
5. MARKET SEGMENTATION
5.2.1 Electrical and Electronics
5.2.2 Industrial Machinery
5.2.4 Other Applications (Medical and Aerospace)
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
5.3.2 North America
220.127.116.11 United States
18.104.22.168 United Kingdom
22.214.171.124 Nordic Countries
126.96.36.199 The Netherlands
188.8.131.52 Rest of Europe
5.3.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Celanese Corporation
6.4.2 Polyplastics Co. Ltd
6.4.3 Sumitomo Chemical Co. Ltd
6.4.4 Shenzhen Wote Advanced Materials Co. Ltd 9.5 Solvay SA
6.4.5 TORAY INDUSTRIES INC.
6.4.6 Shanghai PRET Composites Co. Ltd.
6.4.7 UENO FINE CHEMICALS INDUSTRY,LTD.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Potential in the Medical and Home Appliances Market
** Subject to Availability