Liquid Crystal Polymer (LCP) Films Research:CAGR of 13.5% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Liquid Crystal Polymer (LCP) Films- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Liquid Crystal Polymer (LCP) Films market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Liquid Crystal Polymer (LCP) Films was estimated to be worth US$ 248 million in 2024 and is forecast to a readjusted size of US$ 500 million by 2031 with a CAGR of 9.0% during the forecast period 2025-2031.

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Liquid Crystal Polymer (LCP) Films Product Overview

Liquid Crystal Polymer (LCP) Films are produced from basic raw materials such as thermoplastic LCP resins in the form of pellets or granules. Liquid Crystal Polymer (LCP) Films are fire resistant at high temperatures and chemically resistant in very thin walled applications.

With the rapid development of fields such as optoelectronics, aerospace, national defense and mobile communications in high-frequency transmission, the demand for high-performance engineering plastics has increased significantly. Since the use of LCP film is relatively fixed, its application field is not extensive compared with other electronic films. LCP resin is a hot-melt manufacturing process, the fluidity of the injection will be insufficient when encountering cold air. Therefore, it must be kept at a specific temperature to be easily molded. The flattening process is carried out first to make the film thickness consistent, and then the heat treatment process is carried out to make the expansion coefficient close to that of copper foil. Therefore, the technical threshold for LCP film production is high and the yield rate is low. The R&D and production of LCP film requires a lot of manpower, financial resources and experience accumulation, and the technical barriers are high. LCP film production technology threshold is high, the yield rate is low, and the process is mainly based on laser equipment, which is different from PI machining, and the capital expenditure of related manufacturers is huge. As a result, the current price of LCP is 2 to 3 times that of PI, making LCP materials replace PI progress is slow.

The Liquid Crystal Polymer (LCP) Films industry has a low threat of new entrants. Because there are only several big players in the world. Small player can entered into the market, but do not affect the whole demand aspect. The Liquid Crystal Polymer (LCP) Films industry has a high bargaining power of suppliers. This is due to the small number of market players and low supply of diverse products to the market. Due to the concentration of supply, suppliers have the power to influence the market prices relatively. The bargaining power of liquid crystal polymer (LCP) film customers is relatively high, mainly due to the limited number and high concentration of downstream major customers. Substitutes to liquid crystal polymer (LCP) films are medum, mainly because the product has its own unique characteristics in its application field, compared with its substitutes such as PI film.

1. LCP films are mainly classified into the following types: High Melting Point Grade and Low Melting Point Grade (below 300°C). High Melting Point Grade products are the most widely used type which took up about 53.9% of the total market size in 2025, it will hold about 56.7% of global market share in 2031.

2. LCP films have wide range of applications, such as Antenna and Flexible Circuit Board. Antenna Industry was the most widely used area which took up about 48.3%of the global total sales volume in 2025, and 49.3% of global market size in value.

3. Asia Pacific is a fast developing region of LCP films in the world in the past few years and it will keep increasing in the next few years. Asia Pacific market took up about 81.9% the global consumption market in 2025 mainly because the rocket growth in Chinese market, which leads by several players put large scale of LCP films production.

4. Japan is now the key producers of LCP films. Kuraray holds a majority of the global market share. However, new entrants compared with Kuraray's products, the main gap lies in the heat treatment process.

5. Now, Shanghai PRET, Legion Compound Material, Ningbo Jujia, Youwei Juhe are key players of LCP films in China, in next 3 years, the number of China local player, who put into large scale production, will reach to about 10 players.

6. Looking ahead, the market is still very dynamic, especially in Asia. The global LCP films market is expected to reach USD 465 million by the end of 2031, growing at a CAGR of 16.7% between 2025 and 2031.

Figure00001. Liquid Crystal Polymer (LCP) Films Product Picture

Liquid Crystal Polymer (LCP) Films

Source: Secondary Sources and QYResearch, 2025

Liquid Crystal Polymer (LCP) Films Market Summary

According to the new market research report "Global Liquid Crystal Polymer (LCP) Films Market Report 2024-2031", published by QYResearch, the global Liquid Crystal Polymer (LCP) Films market size is projected to grow from USD 297.60 million in 2025 to USD 635.22 million by 2031, at a CAGR of 13.5% during the forecast period.

Figure00002. Global Liquid Crystal Polymer (LCP) Films Market Size (US$ Million), 2020-2031

Liquid Crystal Polymer (LCP) Films

Above data is based on report from QYResearch: Global Liquid Crystal Polymer (LCP) Films Market Report 2020-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

Figure00003. Global Liquid Crystal Polymer (LCP) Films Top 5 Players Ranking and Market Share (Ranking is based on the revenue of 2025, continually updated)

Liquid Crystal Polymer (LCP) Films

Above data is based on report from QYResearch: Global Liquid Crystal Polymer (LCP) Films Market Report 2020-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

This report profiles key players of Liquid Crystal Polymer (LCP) Films such as Kuraray, Murata Manufacturing, Chiyoda, Shanghai PRET, Legion Compound Material.

In 2024, the global top five Liquid Crystal Polymer (LCP) Films players account for 90.85% of market share in terms of revenue. Above figure shows the key players ranked by revenue inLiquid Crystal Polymer (LCP) Films.

In terms of product type, type one is the largest segment, hold a share of 53.5% in 2024,

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Liquid Crystal Polymer (LCP) Films market is segmented as below:
By Company
Kuraray
Murata Manufacturing
Chiyoda
Shanghai PRET
Legion Compound Material
Ningbo Jujia
Youwei Juhe
Kingfa
ZACROS
KGK Chemical Corporation

Segment by Type
High Melting Point Grade
Low Melting Point Grade

Segment by Application
Antenna
Circuit Board
Others

Each chapter of the report provides detailed information for readers to further understand the Liquid Crystal Polymer (LCP) Films market:

Chapter 1: Introduces the report scope of the Liquid Crystal Polymer (LCP) Films report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Liquid Crystal Polymer (LCP) Films manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Liquid Crystal Polymer (LCP) Films market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Liquid Crystal Polymer (LCP) Films in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Liquid Crystal Polymer (LCP) Films in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Liquid Crystal Polymer (LCP) Films competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Liquid Crystal Polymer (LCP) Films comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Liquid Crystal Polymer (LCP) Films market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

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