The global liquid crystal polymer (LCP) films & laminates market expected to reach USD 166.9 million by 2024, according to a new report by Grand View Research, Inc. Growing demand for lightweight & miniaturized components on account of expanding transportation, electronics and automotive industries in emerging markets is expected to remain a crucial determinant for the global industry growth.
Rising consumer awareness regarding energy & resource savings, owing to the global energy crisis and rising pollution levels, has also fostered several innovations in the LCP field. This, in turn, has led to the introduction of ‘smart windows’ in residential & commercial buildings to control light, privacy, sound and insulation. However, these materials have been able to serve only niche applications, owing to highly specialized and expensive production processes & raw materials.
Laminates accounted for nearly 35% of the overall volume share in 2015 and are expected to gain further share as a result of its increasing demand in high-frequency electronics and printed circuit boards with a gauge of less than a millimeter.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/liquid-crystal-polymer-lcp-films-laminates-market
Further key findings from the report suggest:
·
Global LCP films & laminates market demand
was5.38 kilotons in 2015 and is expected to reach 9.34 kilotons by 2024,
growing at a CAGR of 6.1% from 2016 to 2024
·
Electrical & electronics has traditionally
been the largest application for films & laminates alike. The segment
accounted for nearly 65% of the global volume share in 2015. Films are mainly
utilized in electronic applications requiring ion concentrations of less than 5
ppm. Their dielectric nature and favorable conductive properties have led to
LCP substituting other polymer compounds.
·
Asia Pacific was the largest consumer and accounted
for nearly half of the global volume in 2015. The region is characterized by
high electronics production in Korea and Southeast Asian markets.
·
Automotive & medical devices collectively
accounted for over 20% of the China’s film demand in 2015. A combination of
various factors such as easy availability of LCP increased R&D in medical
devices manufacturing, and production of premium cars are expected to drive
these applications’ growth.
·
South Korea and Taiwan accounted collectively
accounted for one-third of the Asia Pacific market volume in 2015. These two
countries are considered as electronic manufacturing hubs in the region and
together consumed over 590 tons of films & laminates in electronics
application.
·
Major industry participants include Kuraray,
PolyOne Corporation, Solvay Inc., Celanese Corporation, Toray International,
Sumitomo Chemicals, Rogers Corporation among others such as Shanghai PRET
Composites, Samsung Fine Chemicals, RTP Company and PolyPlastics Co. Ltd.
Read detailed report or request for sample of this research report: - http://www.grandviewresearch.com/industry-analysis/liquid-crystal-polymer-lcp-films-laminates-market/request
Grand View Research has segmented the LCP films & laminates market on the basis of product, application and region:
Global Liquid Crystal Polymer (LCP) films & Laminates Product Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2024)
·
Films
·
Laminates
Global Liquid Crystal Polymer (LCP) films & Laminates
Application Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2024)
·
LCP films
·
Electrical & electronics
·
Packaging
·
Automotive
·
Medical devices
·
Others
·
LCP laminates
·
Electrical & electronics
·
Automotive & transportation
·
Consumer goods
·
Medical devices
·
Others
Global Liquid Crystal Polymer (LCP) films & Laminates Regional
Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2024)
·
North America
·
U.S.
·
Europe
·
Germany
·
UK
·
France
·
Asia Pacific
·
China
·
India
·
Japan
·
South Korea
·
Taiwan
·
Central & South America
·
Middle East and Africa
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
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