Global Liquid Crystal Polymers (LCPs) to Touch USD 883.2 Mln by 2022, Projects Industry Experts in Its New Study Available at MarketPublishers.com
20 Jul 2016 • by Natalie Aster
LONDON – Owing to unique beneficial properties, liquid crystal polymers (LCP) products have won recognition in a broad range of applications, including bobbins, sockets, connectors, switches, pumps, dental tools, chip carriers, valve liners and many others.
The demand for LCPs has considerably increased worldwide on the background of the downsizing and thinning of the electronic and electrical components sector, which is the biggest end-use segment for LCPs. Other factors driving the demand for LCP include miniturisation of electronic and electrical components in mobile devices and ongoing development of novel applications like LEDs.
Meanwhile, in the developed regions such as Europe and the US, the highest growth rates are predicted to be registered in the automotive sector, as vehicle producers are shifting to light-weight materials for automotive components.
This year, the value of the world’s LCPs market stands at around USD 650.1 million. By 2022, it is likely to climb to USD 883.2 million, registering a 5.2% CAGR between 2016 and 2022.
Presently, the leading position with a share of almost 81% is held by the APAC regional market. The value of the APAC LCPs market is anticipated to record a 5.5% CAGR (the highest CAGR worldwide) and by 2022 touch USD 723.2 million.
The report “Liquid Crystal Polymers (LCP) – A Global Market Overview” by Industry Experts offers a detailed guide to the world LCPs marketplace with a granular analysis of the market segmentation. The research publication contains an insightful review of the key end-use sectors, uncovers data on the market size and value (historical, current and forecast), examines the main growth driving and limiting factors and also outlines the emerging challenges and opportunities. The competitive environment is explored and top market players are profiled in the report, too. A set of future forecasts through 2022 are provided in this report.
Other research publications by this publisher are available in the Industry Experts’ catalogue.