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Liquid Crystal Polymer Market Size, Share, Development, Growth Till 2023,Globally
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The variant property of LCP in terms of their structure makes such crystals fire-resistant and chemically-inert when used in very thin walls. During the melting and injection molding, liquid crystal polymer has low viscosity and high flow to fill the intricate molds completely, making them a good choice for manufacturing of ultra-thin and miniature parts with less than 0.1 mm thickness and short cycle times. Liquid crystal polymer possesses various physical and chemical properties such as high stiffness, high flow, and high temperature resistance, which makes them suitable for their use in product miniaturization in the electrical and electronics industry and micro-injection molding.
Liquid crystal polymer possesses properties such as high heat tolerance, chemical resistance, dimensional stability, flatness and high stiffness that makes them ideal for use in various applications including smartphones, laptop, desktop, and tablets. Moreover, liquid crystal polymer is consumed for automotive and industrial applications, and in aerospace and medical. These polymers also find applications in coatings, composites, additives, electrical motor components, high intensity LEDs and surface mount technology (SMT) components.
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The global liquid crystal polymer market is expected to witness significant growth during the forecast period (2017-2023) owing to the increasing demand for miniaturized electronic components such as connectors and surface mount devices. Device or product miniaturization allows manufacturers for streamlining devices to incorporate more and more features in to smaller packages. Based on application, electrical and electronics are expected to be the leading segment in the global liquid crystal polymer market during the forecast period.
In the recent years, the liquid crystal polymer market witnessed an increasing shift towards miniaturization of electronic and electrical components such as SMT connectors with high density of pin, surface mounting devices and other microelectronic devices. This has considerably led to the widespread adoption of LCPs across the globe and is expected to witness same trend during the forecast period.
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