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Liquid Crystal Polymers market to Witness Huge Growth by Key Players: Celanese Corporation, Toray Industries, Inc, Sumitomo Chemicals Co ltd

12-08-2021 08:14 PM CET | Industry, Real Estate & Construction

Press release from: ReportsnReports

The Liquid Crystal Polymers market research report undoubtedly meets the strategic and specific needs of the businesses and companies. The report acts as a perfect window that provides an explanation of market classification, market definition, applications, market trends, and engagement. The competitive landscape is studied here in terms of product range, strategies, and prospects of the market’s key players. Furthermore, the report offers insightful market data and information about the Liquid Crystal Polymers industry to make better decisions and plan business strategies.

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Liquid Crystal Polymers Market with Covid-19 Impact Analysis by Application(Electrical & Electronics, Consumer Goods, Automotive, Lighting, Medical), and Region (APAC, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2026. The liquid crystal polymers market is projected to reach USD 1.8 billion by 2026, at a CAGR of 8.2% from USD 1.2 billion in 2021.

The report provides a comprehensive analysis of company profiles listed below:
• Polyplastics Co. Ltd (Japan)
• Celanese Corporation (U.S.)
• Solvay S.A. (Belgium)
• Toray Industries Inc. (Japan)
• Sumitomo Chemicals Co. Ltd. (Japan)

“Emergence of new generation technologies such as 5G and 3D printing”
Next generation technologies such as 5G and 3D printing are key drivers in growing demand for liquid crystal polymers. The demand for liquid crystal polymers is growing at a very rapid pace with a multitude of applications, ranging from electrical & electronics and automotive to consumer goods, sports, leisure, and medical devices. Furthermore, increasing application of liquid crystal polymers films in flexible solar cells, owing to its exceptional heat resistance and low water absorbency are also underpinning gains for the market. Moreover, fast-growing technologies, such as 5G communication and 3D printing hold high stakes of growth for the liquid crystal polymers market. In the emerging 5G communication, liquid crystal polymers are being viewed on a large scale as a novel material with an optimistic outlook for mobile phone antennas.

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“Electrical & electronics to hold the largest share in liquid crystal polymers market between 2021 and 2026.”
Electrical & electronics accounted for the largest size of the liquid crystal polymers market, in terms of value in 2020. The market size was estimated to be USD 1,152 million in 2020 and is projected to register a CAGR of 8.2% between 2021 and 2026, in terms of value. Medical application of liquid crystal polymers is projected to witness the highest CAGR of 9.6% between 2021 and 2026. The demand for liquid crystal polymers in medical application is increasing on account of the replacing traditional metals and plastic devices and equipment with high performance materials devices and equipment and the effect of COVID-19 on this segment is less comparatively.

“South America is expected to be the fastest-growing liquid crystal polymers market during the forecast period, in terms of value.”
In terms of value, South America is projected to witness the highest CAGR of 9.5% between 2021 and 2026; however, the largest market for liquid crystal polymers is APAC at a CAGR of 8.6% during the same period. The growth of the liquid crystal polymers market in APAC is due to rapid expansion of the electrical & electronics industry. The increasing domestic demand, coupled with affordable manufacturing facilities, is expected to continue driving the demand for liquid crystal polymers from various applications in APAC.

Competitive Landscape of Liquid Crystal Polymers Market:
1 Introduction
2 Strategies Adopted By Key Players
2.1 Overview Of Strategies Adopted By Key Liquid Crystal Polymer Manufacturers
3 Market Share Analysis
3.1 Ranking Of Key Market Players, 2020
3.2 Market Share Of Key Players
3.2.1 Polyplastics Co. Ltd.
3.2.2 Celanese Corporation
3.2.3 Sumitomo Chemicals Co. Ltd.
3.2.4 Solvay S.A.
3.2.5 Toray Industries, Inc.
4 Revenue Analysis Of Top Five Players
5 Company Product Footprint Analysis
6 Company Evaluation Quadrant
6.1 Stars
6.2 Emerging Leaders
7 Start-Up/Smes Evaluation Quadrant
7.1 Progressive Companies
7.2 Responsive Companies
7.3 Starting Blocks
8 Competitive Situation And Trends
8.1 New Product Launches
8.2 Deals
8.3 Other Developments

Research Coverage:
This report segments the market for liquid crystal polymers market on the basis of application and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for liquid crystal polymers market.

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