Global Liquid Crystal Polymer Market Inclined to Deliver Positive Growth Results through 2019-2029

The report studies the global liquid crystal polymer market worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions. In order to study the various trends and patterns prevailing in the concerned market, Fact.MR has included a new report on global liquid crystal polymer market to its wide online database including upcoming trends and market growth factors through 2029. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants.

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Business Up and Thriving, for Manufacturers of Liquid Crystal Polymers

Despite plastics constitute the most aggravating environmental concerns worldwide, people continue to use massive amounts of plastics in their routine life, thereby, pushing profit margins for plastics manufacturers. Much to the chagrin of happenings and activists, an increasingly stringent and restrictive regulatory environment apparently has had put a sizeable dent in the plastic industry’s growth so far. It is changing now, with behemoths in the plastics industry starting to adapt and disrupt diverse manufacturing processes across diverse industries, such as electrical & electronics, automotive, and consumer goods, sports & leisure.

Global plastic production reaching a whopping volume of ~390 Mn Tons in 2018, with APEJ accounting for ~50 of the overall production, which was primarily maintained by wide range of applications of thermoplastics across various verticals. The bulk adoption of high engineering plastic for applications across electrical and electronics industry in particular, and automotive sector, and potential lucrativeness in the medical applications are highly likely to grow further in the years to come.

While highly priced and low-volume polymer -high-performance thermoplastics (HPTPs) continue to garner considerable traction for use in specialized applications that require a combination of extraordinary properties, their adoption is likely to remain bullish in near future. Moreover, HPTPs are also garnering limelight as a potential replacement for metal parts, as industries shift their focus towards various forms of plastics as light-weighting materials for diverse applications.

Liquid Crystal Polymer – A Promising Stand-in for Industries

Materials with versatile profile continue to garner substantial traction, as an increased number of industries have placed their focus on leveraging the multifaceted options, while they aim to suffice the rapidly changing consumer demand for quality-driven products. Thermotropic liquid crystal polymers (LCP), for instance, belong to the super engineering plastics class, and are witnessing adoption for a broad-spectrum of applications in the proliferating electrical & electronics industry. Liquid crystal polymers exhibit unique properties of high flowability for extrusion molding, resistance to heat, and low dielectric constant, which continue to make them an ideal option for manufacturing wide range of products.

Electrical & Electronics Industry – The Prime Growth Vertical

The electrical & electronics industry continues to expand at a steady pace, specifically in Asia-Pacific region, led by China, which is the largest manufacturer of electronic devices and components globally. Growing presence of a large number of manufacturers and high production capacity of electronic devices in China continue to uplift the opportunities for market players in this region. Demand for liquid crystal polymers is increasing by leaps and bounds with correspondence to the growth of electrical & electronics industry with concentrated applications for LCP.

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Liquid crystal polymers are widely leveraged for a variety of surface-mount technology, such as connectors — for example, small-outline, dual inline memory modules for laptop and computers as well as flexible printed circuits (FPCs) for tablets and smartphones. While providing excellent flow to fill multifaceted geometries in short cycle times, outstanding thermal and chemical resistance, and unique mechanical properties, LCPs achieve UL* 94 V-0 flame retardance without requiring flame retardant additives, and the scrap can be recycled for future use.

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