Global Liquid Crystal Polymer Market Expected to Reach USD 1.0 billion by 2018

Date: 2016-09-11

Liquid-crystal polymers (LCPs) are a class of aromatic polymers. They are extremely unreactive and inert, and highly resistant to fire. Liquid crystal polymer (LCP) exhibits a highly ordered structure in both the melt and solid states. LCP can replace such materials as ceramics, metals, composites and other plastics because of its outstanding strength at extreme temperatures and resistance to virtually all chemicals, weathering, radiation and burning. LCP is an intermediate state polymer between the solid crystal and the liquid.

Classification analysis of the liquid crystal polymer


Because it has the high strength, high rigidity, high temperature, electrical insulating properties etc. are very good, so it is used in electronic, electrical, fiber optics, automotive and aerospace and other fields.

The global Liquid Crystal Polymer market is expected to reach more than USD 1.0 billion by 2018, and grow at a CAGR of about 6.0% from 2015 to 2018. Based on the applications, electronic and electrical occupy the major market share, it is understood that electronic and Electrical occupied about 70% of the market in 2014, and is expected to remain within a few years based on the context of the market environment. In the terms of region, Asia-Pacific is the fastest growing region during 2015 and 2018, due to the growing of downstream users, China will become the largest market in Asia-Pacific. North America and Europe is expected to be steady growth within expectations, since manufacturing base of the end-user gradually shift to the Asia-Pacific region, and will turn to use high-performance materials in the North America and Europe, especially in the automotive industry.

The key players in the market include Polyplastics (Japan), Sumitomo Chemical (Japan), Solvay SA (Belgium), Toray Group (Japan), Shanghai Pret (China) etc..

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Joanna | Executive – International Business and partner Relations
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