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The Liquid Crystal Polymers Market size was valued at USD 1.53 billion in 2023 and is expected to reach USD 3.18 billion by 2032 and grow at a CAGR of 9.77% over the forecast period of 2024-2032.
Aromatic polymers include liquid-crystal polymers. They don't change in any way and are very resistant to fire. Liquid crystalline polymers (LCPs) are a type of thermoplastic that have properties between those of highly ordered solid crystalline materials and those of amorphous, disordered liquids over a well-defined temperature range.
Drivers:
Rising consumer and medical application demand.
Increasing demand for lightweight materials for automotive parts.
The need for engineering resins to produce electrical components that are very thin.
Restraints:
Create attributes with extremely anisotropic forms and weak weld lines
Opportunity:
Innovations in technology, like 3D printing with liquid crystal polymers.
New applications of thermoplastic polymers.
Challenge:
There are a few problems with making liquid crystal polymers.
COVID-19 has put the industrial and manufacturing sectors around the world into a new way of working that nobody knows about. Government rules about how many people can be in one place at once have had a big effect on the sector. For example, the virus is having a big effect on the industry that makes parts. The auto, electronics, and aerospace industries have stopped making things and running their factories. China is the main source of raw materials for most industries. So, problems in the supply chain also have a big effect on how much industry can make. The pandemic is making the world economy shrink. According to the World Economic Forum, the pandemic has also cut the world's need for oil by about 29 million barrels per day, from about 100 million barrels per day in 2019 to about 79 million barrels per day in 2020. OPEC and other oil companies agreed to cut output by 9.7 million barrels per day. COVID-19 will keep having an effect on all fields as long as the pandemic lasts. Loss of investments, lack of cash, lack of workers, problems with the supply chain, and overall economic uncertainty are all having a big impact on the industrial sector.
COVID-19 has also hurt the sales volume of companies that make liquid crystal polymers in the first and second quarters of 2020. Major market players are reducing the risk by putting a lot of attention on local management and market opportunities.
By Application:
Electrical & electronics
Consumer goods
Automotive
Lighting
Medical
Others
By Form:
LCP Resins & Compounds
Liquid Crystal Polymer Films
Liquid Crystal Polymer Fibers
It gives an overview of the global liquid crystal polymers market and a forecast for it based on different segments. It also gives market size and forecast estimates from 2023 to 2030 for five major regions: North America, Europe, Middle East and Africa (MEA), Asia-Pacific (APAC), and South America. The liquid crystal polymers market is then broken down by country and segment for each region. The report looks at and makes predictions for 18 countries around the world. It also talks about the current trend and opportunities in the region.
The report also has profiles of companies that have an effect on the liquid crystal polymers market from both the demand and supply sides. It also looks at the drivers, restraints, opportunities, and future trends that will affect the market during the forecast period. After looking at the political, economic, social, and technological factors that affect the liquid crystal polymers market in North America, Europe, APAC, MEA, and South America, the report also gives an in-depth PEST analysis for each of these five regions.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Shanghai Pret Composites Co., Ltd., Ueno Fine Chemicals Industry Limited, Celanese Corporation, Sumitomo Chemical Company, Chang Chun Plastics Co. Ltd, Polyplastics Co., Ltd., Shenzhen Wote Advanced Materials Co. Ltd, JX Nippon Oil and Energy Corporation, Solvay SA, Toray International, Inc.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 1.53 Billion |
Market Size by 2032 | US$ 3.18 Billion |
CAGR | CAGR of 9.77% From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Application (Electrical & electronics, Consumer goods, Automotive, Lighting, Medical, Others) • By Form (LCP Resins & Compounds, Liquid Crystal Polymer Films, Liquid Crystal Polymer Fibers) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Shanghai Pret Composites Co., Ltd., Ueno Fine Chemicals Industry Limited, Celanese Corporation, Sumitomo Chemical Company, Chang Chun Plastics Co. Ltd, Polyplastics Co., Ltd., Shenzhen Wote Advanced Materials Co. Ltd, JX Nippon Oil and Energy Corporation, Solvay SA, Toray International, Inc. |
DRIVERS | • Rising consumer and medical application demand. • Increasing demand for lightweight materials for automotive parts. • The need for engineering resins to produce electrical components that are very thin. |
Restraints | • Create attributes with extremely anisotropic forms and weak weld lines. |
Ans: Primary or secondary type of research done by this reports.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: COVID-19 has put the industrial and manufacturing sectors around the world into a new way of working that nobody knows about. Government rules about how many people can be in one place at once have had a big effect on the sector. For example, the virus is having a big effect on the industry that makes parts. The auto, electronics, and aerospace industries have stopped making things and running their factories. China is the main source of raw materials for most industries. So, problems in the supply chain also have a big effect on how much industry can make. The pandemic is making the world economy shrink.
Ans: Innovations in technology, like 3D printing with liquid crystal polymers and New applications of thermoplastic polymers are the opportunity for Liquid Crystal Polymers Market.
Ans: Liquid Crystal Polymers Market Size was valued at USD 1.53 billion in 2023, and is expected to reach USD 3.18 billion by 2032, and grow at a CAGR of 9.77 % over the forecast period 2024-2032.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Liquid Crystal Polymers Market Segment, By Application
8.1 Electrical & electronics
8.2 Consumer goods
8.3 Automotive
8.4 Lighting
8.5 Medical
8.6 Others
9.Liquid Crystal Polymers Market Segment, By Form
9.1 LCP Resins & Compounds
9.2 Liquid Crystal Polymer Films
9.3 Liquid Crystal Polymer Fibers
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profile
11.1 Shanghai Pret Composites Co., Ltd.
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
12.Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
13. Conclusion
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