Press release
Strong Growth Ahead: Liquid Crystal Polymers Market Size To Grow At Arecord 9.6% Cagr By 2029
Liquid Crystal Polymers
How Big Is the Liquid Crystal Polymers Market Size Expected to Be by 2034?
The Liquid Crystal Polymers Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Liquid Crystal Polymers Market Size Expected to Be by 2034?
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What Are the Emerging Segments Within the Liquid Crystal Polymers Market?
The liquid crystal polymers market covered in this report is segmented -
1) By Product Type: Lyotropic LC Polymers, Thermotropic LC polymers
2) By Category: Main Chain LC Polymers, Side Chain LC Polymers
3) By Form: LCP Resins And Compounds, Liquid Crystal Polymer Films, Liquid Crystal Polymer Fibers
4) By Application: Electrical And Electronics, Industrial Machinery, Consumer Goods, Lighting, Medical, Other Applications
Subsegments:
1) By Lyotropic LC Polymers: Polyamide (PA), Polycarbonate (PC), Polyethylene Terephthalate (PET), Polyether Ether ket*one (PEEK), Other Lyotropic LC Polymers
2) By Thermotropic LC Polymers: Polyester-Based LC Polymers, Polyimide-Based LC Polymers, Polyether-Based LC Polymers, Other Thermotropic LC Polymers
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What Long-Term Drivers Are Shaping Liquid Crystal Polymers Market Trends?
The advancement in the creation of lightweight materials for auto parts is triggering the progress in the liquid crystal polymer market. Lightweight automotive components are essentially materials and parts utilized in cars that are engineered to be lighter than traditional components. They are sought after due to their enhanced benefits. Liquid crystal polymers are involved in the manufacturing of these lightweight parts, which are incorporated in both electric and combustion vehicles. For example, the US Office of Energy Efficiency and Renewable Energy, a US governmental body striving for a clean energy economy, stated that a 10% decrease in vehicle weight can boost fuel efficiency by 6%-8%. Furthermore, using lightweight materials in a quarter of the U.S. vehicle fleet could potentially save around 5 billion gallons of fuel each year by 2030. Thus, the expanding demand for lightweight automotive components is fueling the liquid crystal polymer market.
Who Are the Top Competitors in Key Liquid Crystal Polymers Market Segments?
Major companies operating in the liquid crystal polymers market include Celanese Corporation, Sumitomo Chemical Co. Ltd., Toray Industries Inc., Solvay S.A., Ueno Fine Chemicals Industry Ltd., Shanghai PRET Composites Co. Ltd., Rogers Corporation, RTP Company Inc., Kuraray Co. Ltd., Zeus Company Inc., Chang Chun Group, Henan DaKen Chemical Co. Ltd., Avient Corporation, DuPont de Nemours Inc., Polyplastics Co. Ltd., ENEOS LC Co.Ltd., Daicel Corporation, Kingfa Sci.&Tech. Co.Ltd., Ningbo Jujia New Material Technology Co. Ltd., Samsung Chemicals Co.Ltd., Shanghai Kumho Sunny Plastics Co.Ltd., Saudi Basic Industries Corporation, PolyOne Corporation, Mitsubishi Chemical Corporation, LG Chem Ltd., Covestro AG, BASF SE, Arkema S.A., Asahi Kasei Corporation, DSM Engineering Plastics, Evonik Industries AG, Eastman Chemical Company
What Liquid Crystal Polymers Market Trends Are Gaining Traction Across Different Segments?
One of the prominent trends progressing in the liquid crystal polymer market revolves around product inventions. Key players in this industry are introducing products such as SUMIKASUPER liquid crystal polymers to maintain their standing in the market. For instance, Sumitomo Chemical Advanced Technologies, a US-based industrial chemicals and materials manufacturer, in July 2022, unveiled a compound family identified as SUMIKASUPER long-fiber thermoplastic (LFT). The featured product has high-performance liquid crystal polymer (LCP) matrices fortified with 13-mm chopped carbon fiber or fiberglass, enhancing material's structural stability. The product stands out due to its 30-50% fiber-weight fraction of E-glass and high-modulus carbon fiber, enhancing thermal and mechanical performance significantly.
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Which Regions Are Becoming Hubs for Liquid Crystal Polymers Market Innovation?
Asia-Pacific was the largest region in the liquid crystal polymer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global liquid crystal polymers market during the forecast period. The regions covered in the liquid crystal polymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Liquid Crystal Polymers Market?
2. What is the CAGR expected in the Liquid Crystal Polymers Market?
3. What Are the Key Innovations Transforming the Liquid Crystal Polymers Industry?
4. Which Region Is Leading the Liquid Crystal Polymers Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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