From GlobeNewswire: 2024-07-30 08:25:00

Exactitude Consultancy, a division of Ameliorate Digital Consultancy, releases a comprehensive research report on the Liquid Crystal Polymer Market, estimating its size at $0.93 billion in 2024, with projected growth to $1.58 billion by 2033 at a CAGR of 6.28%. Despite disruptions due to COVID-19, the industry is implementing strategies for recovery and growth.

Liquid Crystal Polymers (LCPs) are witnessing increased demand for their superior properties such as temperature resistance and high weight-to-strength ratio, particularly in electronics, aerospace, and industrial machinery. In 2022, the LCP market represented 0.65% of global engineering plastics revenue, with the electrical and electronics sector leading consumption.

The Asia-Pacific region is expected to lead the growth of the global Liquid Crystal Polymer market, driven by demand from the electrical and electronics industry, accounting for 75.96% of global LCP demand. North America and Africa also contribute significantly to the market, with strong end-user applications in automotive, electronics, and industrial machinery.

Technological advancements in the electronics industry are expected to drive growth in the global Liquid Crystal Polymer market, as the demand for high-performance materials like LCPs increases. The market overview shows a predicted CAGR of 6.61% in the global electrical and electronics sector by 2027, with future prospects highlighting the role of LCPs in next-gen electronics.

Key players in the Liquid Crystal Polymers (LCP) market are taking strategic actions to strengthen their positions, with companies like Solvay, RTP Company, and Ticona Engineering Polymers investing in expanding their LCP production capacities. These developments indicate a positive outlook for the growth and advancement of the LCP industry in the coming years.



Read more at GlobeNewswire: Liquid Crystal Polymer Market is expected to be valued at