Liquid-crystal polymers (LCPs) are a class of aromatic polymers. They are unreactive and inert, resistant to fire, and perform well under harsh environments. LCPs offer high resistance to heat, electricity, and tolerance to chemical-resistance. These properties allow these components to perform well even in harsh environment making them capable for tolerating extreme heat conditions as well as resistant towards strong chemicals.

Demand for high-quality and durable electrical and electronic products in emerging economies is fueling the liquid-crystal polymers market. LCP is extensively used in the automotive industry due to its high strength, low weight, and abrasion resistance properties. LCPs can replace materials such as ceramics, metals, composites, and other plastics owing resistance to virtually all chemicals, weathering, radiation, and fire. Increase in demand for engineering resins to manufacture ultra-thin electrical components is expected to remain a key driver for the liquid-crystal polymers market. Rise in demand for high-performance and lightweight materials from the automobile industry to manufacture fuel-efficient vehicles and reduce carbon emissions is expected to positively impact on the market. These acts as the major drivers for the market. However, relatively high cost of LCPs is a major restraint of the market.

Based on the type, the global liquid crystal polymers market has been bifurcated into thermotropic and lyotropic. Thermotropic liquid crystal polymer is used in various applications; therefore, it holds the largest share of the LCP market. Currently, most of the popular LCP brands are made from thermotropic liquid crystal polymer and is anticipated to have a large share with respect to volume in the forecasted period.

Based on brands, the global liquid crystal polymers market can be divided into Laperos LCP Vectra/Zenite, Xydar, Sumikasuper, and others. Increase in demand for thinner electronic components and preference for vibration absorbing property among end users boosts the demand for the usage of Laperos LCP. Laperos LCP holds the largest share of the market.

In terms of end-use industry, the liquid crystal polymers market can be divided into electrical & electronics, automotive, aerospace, healthcare, and industrial machinery. Rise in demand for developing electrical and electronics components such as semiconductors has increased the popularity of liquid crystal polymers in the electrical and electronics industry. Increasing usage of LCP in the automotive industry is attributed to adoption of lightweight and high performance materials. Furthermore, growth possibility in automotive and medical might is anticipated to increase during the forecasted period.

Based on geography, the global liquid crystal polymers market can be divided into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific dominates the market in terms of volume as well as value, with China leading the market due to its extensive electrical and electronics industry. Asia Pacific is anticipated to be the fastest expanding market during the forecast period due to increase in investments in R&D and, rise in the number of new manufacturing capabilities which is anticipated to witness Asia Pacific emerge into a prime driver of growth for the global liquid crystal polymers market. North America and Europe are projected to witness a significant growth during the forecast period. However, adoption of lightweight, high-performance materials in the automotive industry in North America and Europe is expected to drive the liquid crystal polymers market.

Key players operating in the global liquid crystal polymers market include, Solvay SA, Celanese Corporation, Sumitomo Chemical, Toray International, Inc. and, Polyone Corporation.

This upcoming business intelligence report is intended to be a one-stop market research solution to guide organizations in taking timely and effective decisions for their business growth. The ongoing study is the culmination of our deep expertise on data science methods, combined with an unparalleled understanding of the external environment and analysis of the industries. Each of the reports by TMR aims at offering a detailed scrutiny of the value chain of our current and prospective customers, takes them from identifying value propositions, and subsequently assist their business executives to implement right strategies to create customer value. We believe that creating and sustaining the customer value is the key pivot on which business executives can create profits for their organizations and increase the market shares, continuously and with sustainability.

Each of our touchpoints through which we engage with the organization/enterprise during the primary research enables us to understand the internal environment it operates in and the ways in which the external environment influences its growth.

Always Evolving with Competition

Excellence is built into the DNA of TMR, and all our teams work collaboratively and committedly toward achieving that in whatever they do. From the very first interaction our teams of research analysts have with any interested market participant to the final preparation processes in each of our reports reflects a rigorous understanding of the dynamic industry environment that businesses operate in.

We relentlessly work to be a differentiator in whatever we do in the current era of hypercompetitive global environment. The result of our unceasing focus on excellence is reflected clearly in the insights and guidance we offer to our customers in order to empower them to create brand equity. Our simple yet very powerful underpinning for navigating the competition is to always keep evolving with changing business environments. Our close-kinit team of research analysts not only believe in this simple philosophy but also implement the same.

Constantly Innovating Our Research Methodologies and Models

We do not limit with any specific market research tool or one standard approach for obtaining or analyzing data. Undoubtedly, our report making process is ever-evolving to meet the customer needs and demands supported broadly by a vast knowledge of data science methods that we combine with business acumen our teams have built upon for several years. Evidently, our primary and secondary research data about customers and consumers have shown that we can go to any lengths to obtain them. This is followed by applying next-gen automation tools integrated with human judgement to clear the clutter, ascertain the most relevant and recent qualitative and quantitative insights, and package them in digestible chunks in our reports for our customers.

We Take Pride in No-One-Size-Fits-All Approach

Over the past several years, we have been conducting market intelligence studies across all industries for all types of organizations — big and small, profit and not-for-profit, and Fortune 500 and Unicorns, as we believe that a sound decision making must be based on no-one-size-fits-all approach. Without doubt, each of the organizations regardless of the industry they are in are affected differently by changes in political, economic, socio-culture, legal, ecological, and legal environments. The research models and the value chain analysis process that our analysts employ for conducting the study uphold this approach.

We look at myriad components of internal and external business environment affecting the growth strategies of organizations. Some of the broader aspects that we focus on are:

  • Our team of Analysts and Support Teams always strive to see the bigger picture in life cycle stages of any industry
  • The Teams focus on obtaining valuable insights into different models of competitive advantage while making an internal environment analysis
  • They keep on modifying the value chain analysis processes of organizations to understand on how customer value is created

Some areas of assessing market dynamics that are used in the research models and methodologies adopted by our analysts can be summarized as:

  • Corporate and business strategies underlying new brand positioning strategies
  • Mapping for strategic planning for business units
  • Various metrics for business portfolio analysis, including BCG matrix
  • Value chain analysis

These will help create and sustain competitive advantage for our prospects and current customers.

Key focus areas and agenda that underpin and catalyze our primary and secondary research initiatives and endeavors are:

  • What are some of the core competencies and distinctive competencies of new entrants and established players in the industry we are analyzing?
  • What are some of the branding opportunities that are emerging at a rapid pace?
  • What are the major competitive forces and elements of external environment shaping the industry life cycle stages of most organizations?
  • Why some competitive strategies are popular than others among leaders in a certain market?
  • What customer-based brand equity strategies companies have leveraged in a certain industry or set of related industries in a sector?
  • What are some of the key pricing strategies that companies in an industry are implementing for marketing their products internationally?
  • Identifying whether market-push or market-pull strategies are more relevant to a certain product or a service?

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Liquid Crystal Polymers Market