Liquid Crystal Polymer Films and Laminates Market: Low Cost Dielectric Materials
- Liquid crystal polymer molecules can be mutually aligned and organized (crystal), yet the bulk liquid crystal polymer can flow (liquid) in the molten state. This behavior of liquid crystal polymers films and laminates is unlike other ordinary polymers.
- Liquid crystal polymer films and laminates are low-cost dielectric materials that are considered ideal for high-density system-on-package integration
- Liquid crystal polymer films and laminates offers advantages such as low moisture absorption, low coefficient of hydroscopic expansion, smooth surface, excellent barrier properties, and adjustable coefficient of thermal expansion through thermal treatment processes
- Liquid crystal polymers films and laminates are used in consumer goods, electronic devices, automotive, engineering plastics, and others.
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Key Drivers of Liquid Crystal Polymer Films and Laminates Market
- Demand for liquid crystal polymer films and laminates has been increasing, due to the high demand in the electrical & electronics industry. Rise in demand for electrical devices such as mobiles, laptops, and televisions; and electrical devices such as motors, stators, and sockets & PCBs is driving the demand for liquid crystal polymer films and laminates market.
- Expansion of the automotive industry is also estimated to drive the liquid crystal polymer films and laminates market. Growth in the automotive sector can be ascribed to the rise in consumer demand for high-end vehicles.
Widening Application Scope to Offer Attractive Opportunities
- Wide applications of liquid crystal polymer films and laminates is expected to create lucrative opportunities in the market in the near future. Introduction of smart windows in residential and commercial buildings to control the light, sound, privacy, and insulation is expected to create more opportunities for liquid crystal polymer films and laminates.
- Liquid crystal polymer and laminates are employed just in niche applications. However, there exists large scope to expand their usage in other applications.
High Cost and Low Weld Property of Liquid Crystal Polymer Films and Laminates to Hamper Market
- High cost of liquid crystal polymer films and laminates is hampering the market. Liquid crystal polymer films and laminates are costlier than the conventional polymer films and laminates.
- Low-weld properties of liquid crystal polymer films and laminates are also estimated to hamper the market in the near future. Difficulty in metal adhesion during the formation of laminates is considered a major challenge for players operating in the global liquid crystal polymer films and laminates market.
Asia Pacific to Hold Major Share of Global Liquid Crystal Polymer Films and Laminates Market
- Geographically, the global liquid crystal polymer films and laminates market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is a leading consumer of liquid crystal polymer films and laminates, followed by North America and Europe. China, India, and Japan are key countries operating in the liquid crystal polymer films and laminates market in Asia Pacific.
- Rise in demand for liquid crystal polymer films and laminates, led by the increase in sales of new electric vehicles in developing economies of Asia Pacific, such as China, India, Indonesia, and Vietnam, is expected to create lucrative opportunities for manufacturers of liquid crystal polymer films and laminates in the region during the forecast period
- The market in North America is expected to expand owing to the rise in demand for miniaturized electrical & electronics devices in the U.S. and Canada
- Europe is likely to account for considerable share of the global liquid crystal polymer films and laminates market between 2019 and 2027, due to the rise in demand for lightweight, high performance materials in the automotive industry of several countries such as Germany, the U.K., France, Russia, and Italy
- Increase in demand for liquid crystal polymer films and laminates in Latin America and Middle East & Africa is likely to boost the market in these regions in the near future
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Key Players in Market
The global liquid crystal polymer films and laminates market is fragmented, with the leading manufacturers accounting for approximately 40% share of the market. Key players operating in the global market include:
- Kuraray Co Ltd
- Celanese Corporation
- Rogers Corporation
- Polyplastics Co Ltd
- Toray Industries Inc.
- PolyOne Corporation
- RTP Company
- Zeus Industrial Products, Inc.
- Sumitomo Chemical Co Ltd
Global Liquid Crystal Polymer Films and Laminates Market: Research Scope
Global Liquid Crystal Polymer Films and Laminates Market, by Type
- Liquid Crystal Polymer Films
- Liquid Crystal Polymer Laminates
Global Liquid Crystal Polymer Films and Laminates Market, by Application
- Electrical & Electronics
- Automotive & Transportation
- Medical Devices
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