December 7, 2021 04:13 ET | Source: Research and Market Research and Market
Dublin, December 7, 2021 (GLOBE NEWSWIRE)-"The liquid crystal polymer market and Covid-19 by application (electronics and electronics, consumer products, automotive, lighting, medical) and region (Asia Pacific, North America, Europe, South America) , Middle East and Africa)-The Global Forecast to 2026 report has been added to ResearchAndMarkets.com's products.
The liquid crystal polymer market is expected to reach US$1.8 billion by 2026, with a compound annual growth rate of 8.2%, compared to US$1.2 billion in 2021.
The emergence of new generation technologies such as 5G and 3D printing
Next-generation technologies such as 5G and 3D printing are key drivers of the growing demand for liquid crystal polymers. The demand for liquid crystal polymers is growing at a very fast rate, with a wide range of applications, from electrical and electronic products and automobiles to consumer products, sports, leisure and medical equipment. In addition, due to the excellent heat resistance and low water absorption of liquid crystal polymer films, there are more and more applications in flexible solar cells, which also supports the growth of the market. In addition, fast-growing technologies such as 5G communications and 3D printing are critical to the growth of the liquid crystal polymer market. In the emerging 5G communications, liquid crystal polymer is widely regarded as a new type of material, which is very optimistic about the prospects of mobile phone antennas.
Electrical and electronic products will occupy the largest share of the liquid crystal polymer market between 2021 and 2026.
In terms of value in 2020, electrical and electronic products account for the largest scale of the liquid crystal polymer market. The market size in 2020 is estimated to be 1.152 billion U.S. dollars, and the compound annual growth rate from 2021 to 2026 is expected to be 8.2%, in value terms. The medical application of liquid crystal polymers is expected to witness a maximum compound annual growth rate of 9.6% between 2021 and 2026. Due to the use of high-performance material equipment and equipment to replace traditional metal and plastic equipment and equipment, the demand for liquid crystal polymers for medical applications is increasing. The impact of equipment and COVID-19 on this market segment is relatively small.
In terms of value, South America is expected to become the fastest growing liquid crystal polymer market during the forecast period.
In terms of value, South America is expected to have the highest compound annual growth rate between 2021 and 2026 at 9.5%; however, the largest market for liquid crystal polymers is the Asia-Pacific region, with a compound annual growth rate of 8.6% over the same period. The growth of the liquid crystal polymer market in the Asia-Pacific region is due to the rapid expansion of the electrical and electronic industries. Growing domestic demand, coupled with affordable manufacturing facilities, is expected to continue to drive demand for liquid crystal polymers in various applications in the Asia-Pacific region. The growing population and demand, as well as the innovation of new technologies and products, are expected to make the region an ideal destination for the growth of the liquid crystal polymer market. The growing electrical and electronic, automotive, and consumer goods industries are triggering demand for liquid crystal polymers in the region.
In the process of determining and verifying the market size of several market segments and sub-segments identified through the secondary research, extensive preliminary interviews were conducted.
4 Premium Insights 4.1 Attractive opportunities in the liquid crystal polymer market 4.2 Liquid crystal polymer market size, by region 4.3 Asia-Pacific: Liquid crystal polymer market, by application and country, 2020 4.4 Liquid crystal polymer market size, by application 4.5 Liquid crystal polymer market Scale, Application Vs. 4.6 Liquid Crystal Polymer Market by Regions/Countries
5 Market overview and industry trends 5.1 Introduction 5.2 Market dynamics 5.2.1 Driving factors 5.2.1.1 Next-generation technologies such as 5G and 3D printing 5.2.1.2 Liquid crystal polymers replace conventional materials 5.2.1.3 Add engineering resins to replace ultra-thin parts 5.2.1.4 The automotive industry’s demand for lightweight and high-performance materials continues to rise 5.2.2 Constraints 5.2.2.1 High manufacturing costs of liquid crystal polymers 5.2.3 Opportunities 5.2.3.1 Emerging consumer markets for thermoplastic polymers 5.2.3.2 Growth potential Commodities and medical Application 5.2.4 Challenges 5.2.4.1 Challenges in processing liquid crystal polymers 5.3 Porter’s five forces analysis 5.4 Supply chain analysis 5.4.1 Raw materials 5.4.2 Liquid crystal polymer manufacturers and distributors 5.4.3 Terminal industry 5.5 Technical analysis 5.5.1 5G Connectivity and Liquid Crystal Polymer 5.5.2 Electric Vehicles and Liquid Crystal Polymer 5.5.3 Progress in Electronic Design and Liquid Crystal Polymer 5.6 Trends/Disruptions Affecting Customer Business 5.6.1 Revenue Changes and Revenue Pockets of Liquid Crystal Polymer Manufacturers 5.7 Eco System/market map 5.8 Case study 5.8.1 Air Frohlich uses PTFE film for heat exchanger 5.8.2 Ptfe coating for aerospace components 5.9 Liquid crystal polymer market: reality, pessimism, optimism and non-COVID-19 Scenario 5.9.1 Non-COVID-19 Scenario 5.9.2 Optimistic Scenario 5.9.3 Pessimistic Scenario 5.9.0 Average Scenario 1.5 Real Scenario Price 5.11 Tariff and Regulatory Pattern 5.11.1 Medical Device Regulations 5.12 Trade Analysis 5.12.1 Liquid Crystal Polymer Import scenario 5.12.2 Liquid crystal polymer export scenario 5.13 COVID-19 impact 5.14 COVID-19 impact: customer analysis 5.15 patent analysis
6 Liquid crystal polymer market, by application 6.1 Introduction 6.2 Electrical and electronic 6.2.1 Asia-Pacific region will become the main driving force of the electrical and electronic application market 6.2.2 Consumer electrical and electronic 6.2.3 Industrial electrical and electronic 6.3 Consumer goods 6.3.1 High Performance liquid crystal polymers are used in many consumer products 6.4 Automotive 6.4.1 The growing demand for light vehicles in the automotive industry drives this segment of the market 6.5 Lighting 6.5.1 Increasing the use of LED lights to promote lighting applications Liquid crystal polymers 6.6 Medical 6.6 .1 Asia Pacific and North America provide huge growth potential for the liquid crystal polymer market 6.7 Others
7 Liquid crystal polymer market, by region
8 Competitive landscape 8.1 Introduction 8.2 Strategies adopted by major players 8.2.1 Overview of strategies adopted by major liquid crystal polymer manufacturers 8.3 Market share analysis 8.3.1 Ranking of major market players in 2020 8.3.2 Market share of major players 8.3 .2.1 Polyplastics Co. Ltd. 8.3.2.2 Celanese Corporation 8.3.2.3 Sumitomo Chemicals Co. Ltd. 8.3.2.4 Solvay SA 8.3.2.5 Toray Industries, Inc. 8.4 Revenue analysis of the top five participants 8.5 Company product footprint analysis 8.6 Corporate Evaluation Quadrant 8.6.1 Stars 8.6.2 Emerging Leaders 8.7 Start-up/SME Evaluation Quadrant 8.7.1 Progressive Companies 8.7.2 Responding Companies 8.7.3 Starting Point 8.8 Competitive Situations and Trends 8.8.1 New Product Release 8.8.2 Transaction 8.8.3 Other developments
9 Company Profile 9.1 Major Participants 9.1.1 Polyplastics Co. Ltd (Diacel Corporation) 9.1.2 Solvay SA 9.1.3 Celanese Corporation 9.1.4 Sumitomo Chemical Co. Ltd 9.1.5 Toray Industries, Inc. 9.1.6 Kuraray Co. Ltd 9.1.7 Shanghai Pret Composites Co. Ltd. 9.1.8 Ueno Fine Chemicals Industry Ltd. 9.1.9 Rtp Company 9.1.10 Zeus Industrial Products, Inc. 9.1.11 Chang Chun Plastics Co. Ltd. 9.2 Other major market participants 9.2.1 Asia International Enterprise (Hong Kong) Co., Ltd. 9.2.2 Lotte Fine Chemicals Co., Ltd. 9.2.3 Mitsui Chemicals 9.2.4 Avient Corporation 9.2.5 Shenzhen Water New Materials Co., Ltd. 9.2.6 SABIC Innovative Plastics Co., Ltd. 9.2 .7 Polyclean Technologies, Inc. 9.2.8 Evonik Industries 9.2.9 Ashland Inc. 9.2.10 Barlog Plastics Gmbh 9.2.11 Abtec Inc. 9.2.12 Victrex 9.2.13 Nanjing Qingyan New Polymer Materials Co., Ltd. 9.2.14 Daikin Industries Ltd.
10 Adjacent and related markets 10.1 Introduction 10.2 Restrictions 10.3 High-performance polymer market 10.3.1 Market definition 10.3.2 Market overview 10.4 High-performance polymer market, by end-use industry 10.5 High-performance polymer market, by region: High-performance polymer Market size of products, by country/region, 2014-2026 (thousand tons) 10.5.2 North America: Market size of high-performance polymers, by country/region, 2014-2026, (thousand tons) 10.5.3 Europe: High-performance polymers Market size by country/region, 2014-2026 (thousand tons) 10.5.4 Middle East and Africa: Market size of high-performance polymers by country/region, 2014-2026 (thousand tons) 10.5.5 South America: High-performance polymers market size by country/region, 2014-2026 (thousand tons)
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