Press release
Liquid Crystal Polymer Films and Laminates Market 2022 Trending Technologies, Business Opportunity, Key Players and Forecast to 2028- Celanese Corporation, Sumitomo Chemical Company
Liquid Crystal Polymer Films and Laminates Market report helps in making informed business decisions by having complete insights of market and by making a comprehensive analysis of market segments. This recent research compilation on the Liquid Crystal Polymer Films and Laminates Market is a versatile and future-ready analytical survey that replicates trend assessment, an in-depth assessment of market valuation and revenue-generating trends with information on profit models, Swot examination, competition spectrum, and associated vendor strategies illustrated by major players and market participants contributing by aggressively investing in the global Liquid Crystal Polymer Films and Laminates market to secure a competitive advantage amid staggering competition, potential threats from new entrants, as well as technological innovations leading to market substitutes.The Liquid Crystal Polymer Films and Laminates Market is expected to register a CAGR of 5.6% over the forecast period 2022 - 2028.
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Key Market Trends
Electronics Segment is Expected to Dominate the Market
LCP films and laminates have widened the application scope across the electronics industry. LCP films offer excellent electrical and mechanical properties such as low dielectric constant, high moisture barriers, controllable thermal coefficient of expansion, high-frequency properties, and non-halogen flame-retardant characteristics.
LCP material's excellent macroscopic properties are determined by its unique molecular structure. LCP is a completely aromatic liquid crystal polyester polymer with a stiff polymer chain structure. Due to the uniqueness of the molecular structure, it has good vibration absorption characteristics, low dielectric properties, self-reinforcing effect, good chemical resistance and heat resistance, low melt viscosity, low linear expansion rate, low molding shrinkage rate, and excellent extinguishing.
Top Companies:
Celanese Corporation, Sumitomo Chemical Company, Polyplastics, UENO FINE CHEMICALS INDUSTRY, TORAY INDUSTRIES, Solvay, KURARAY, RTP Company, PolyOne Corporation, Rogers Corporation, Zeus Industrial Products, Murata Manufacturing, LOTTE Fine Chemical, TCI
Industry News:
In September 2021, Polyplastics Co. Ltd decided to build a new polymerization facility at Polyplastics Taiwan Co. Ltd, with a production capacity of 5,000 metric ton per year.
In January 2021, Celanese Corporation announced plans to develop a multi-phase liquid crystal polymer (LCP) polymerization plant in China. This plant is expected to have a production capacity of around 20 kiloton of LCP, and it is likely to be operational by 2024.
In January 2021, Polyplastics Co. Ltd announced price hikes on its LCP products, as a result of the rising raw material and logistics costs.
By the product type, the market is primarily split into:
Films
Laminates
By the end-users/application, this report covers the following segments:
Electrical & Electronics
Packaging
Automotive & Transportation
Medical Devices
Others
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China to Dominate the Asia Pacific Region
Asia-Pacific is anticipated to witness the highest CAGR during the period on account of rapid expansion and consumption of the electronics and automotive industry from countries like China, South Korea, Japan, and India.
China is the largest electronics production base globally and offers tough competition to the existing upstream producers, such as South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, and tablets, among others, witness the highest growth rates in the consumer electronics segment of the market, in terms of demand.
With the increase in the disposable incomes of the middle-class population, the demand for electronic products is projected to increase steadily in the future, thereby, driving market growth.
Geographical Analysis
The report provides geographical as well as country-level analysis of the Liquid Crystal Polymer Films and Laminates market demonstrating the dominance of companies in different regions and countries. Also, in this section, the report presents the market revenue of specific products in specific regions to get informed about the dominating region in the market. Some of the regions and countries mentioned in the report are, the US, Canada, Mexico, Brazil, in North America; China, India, Korea, Japan, Singapore in the Asia Pacific; Germany, UK, Italy, France in Europe, GCC countries, Qatar in the Middle East and Africa, Latin America, South America, etc.
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Research Methodology
All the data presented in the report from valuation to revenue, drivers, growth areas of the Liquid Crystal Polymer Films and Laminates market, etc., is aided by thorough research from press releases, announcements by companies, news updates, reports from company websites, government verified websites, research publications, articles by researchers, etc. All this data is scanned thoroughly by analysts in the company and the summary and collaterals are presented in the report precisely. This research helps in offering well authenticated, verified, data with exact facts and figures. The report is then forwarded to in-house analysts, top-level experts, veterans, industry persons, third parties for feedback, verification, and editing, thus, providing the reader with well written, praised report.
Key takeaways from the report
The report provides drivers, restraints, challenges, and growth points of the Liquid Crystal Polymer Films and Laminates market and how the market can be grown from 2022-to 2028.
The report helps in figuring out the impact of covid-19 on the Liquid Crystal Polymer Films and Laminates market and what measures can be taken for its development.
The Liquid Crystal Polymer Films and Laminates market players are assisted from the report for investing in the right product or application from the market.
The report also mentions applications, product offerings, types, key marketing trends of the Liquid Crystal Polymer Films and Laminates
The research includes historic data from 2016 to 2021 and forecasts until 2028 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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