Press release
Liquid Crystal Polymer Market Size, Share, Development by 2023
LCPs (Liquid Crystal Polymers) are partially crystalline aromatic polyesters based on p-hydroxybenzoic acid and related monomers. LCPs form areas of highly ordered structures when in the liquid phase but the degree of order is less than that of a regular solid crystal. LCPs are fire resistant at high temperatures and chemically resistant in very thin walled applications. LCPs are typically used for medical applications, including trays and drug delivery systems, and in diagnostics for the automotive and telecommunication industries.
Currently, LCP is still a high-end engineering plastics, compared to traditional engineering plastics, it has an absolute performance advantage, it is possible for few to manufacture the product, which leads to downstream consumer of bargaining power is not high, but upstream raw materials declining year by year, LCP product prices have reduced, but only slightly.
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Global Liquid Crystal Polymer Market: Forecast by Type / Application / Region
The main areas of application for LCP are automotive and electronics fields, including aerospace electronic devices, especially the higher margin areas, and therefore, Gradually, some manufacturers enter the field, but the product performance and stability there is a gap, resulting from market share rate is not high. While the development is relatively slow.
On the point of downstream consumer market, China is a big market, while developing very rapidly, especially China's automobile industry and the electronics industry has become the second largest market. it led the development of a large number of downstream manufacturing companies.
Over the next five years, LPI(LP Information) projects that Liquid Crystal Polymer will register a 2.1% CAGR in terms of revenue, reach US$ 1270 million by 2023, from US$ 1120 million in 2017.
Global Liquid Crystal Polymer Market: Key Players
Celanese(US)
Sumitomo Chemical(JP)
Polyplastics(JP)
Ueno Fine Chemicals(JP)
Toray(JP)
Solvay Plastic(BE)
AIE(CN)
Shanghai PRET(CN)
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Related Information:
United States Liquid Crystal Polymer Market Research Report 2018
Europe Liquid Crystal Polymer Market Research Report 2018
North America Liquid Crystal Polymer Market Research Report 2018
Asia-Pacific Liquid Crystal Polymer Market Research Report 2018
China Liquid Crystal Polymer Market Research Report 2018
EMEA Liquid Crystal Polymer Market Research Report 2018
Global Liquid Crystal Polymer Market Research Report 2018
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