Liquid Crystal Polymer Market To Reach USD 2,360 Million by 2030

The value of the liquid crystal polymer market was USD 1,313 million in 2022, and it will grow at a rate of 7.60% in the years to come, to touch USD 2,360 million by 2030, as stated by a market research firm, P&S Intelligence in one of its reports.

Thermotropic type had the largest share, of about 80%, in the past. This is due to the fact that, it has exceptional thermal properties, displays improved elasticity, and has low viscosity. It is also used in different electronic products including tablets, laptops, and televisions.

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These properties allow the usage of LCPs in diverse electronic product parts and components, such as, antenna substrates, chip carriers and housings, and flexible printed circuits.

The increase in requirement for liquid crystal polymers is powered by the acceptance of these polymers in the budding automotive sector. There has been incredible growth in the production of automobiles along with sales in Japan, China, India and the U.S. The trend in the industry is to develop vehicles complying with the strict fuel economy mandates.

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These X-ray procedures leave patients and clinicians to ionizing radiation. For reducing the effect of radiation, properties of LCPs, such as autoclaving and high malleable strength are effective and will replace catheter metal components in the years to come.

APAC leads the liquid crystal polymer market, with 62% share, and it will maintain this in the future. This is because of the fast expansion of the electronics sector, reasonably priced manufacturing capabilities, a huge base of population, and tech advancements.

Smartwatches and smartphones will be highly demanded, because of their customer appeal and high acceptance rate across local demographics.
Due to the increasing need of consumer electronics all over the world, the demand for liquid crystal polymer will continue to rise in the future.

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This release was published on openPR.