Liquid Crystal Polymer Market to offer a healthy CAGR of 7.2% during 2020-25
February 11, 2020
Liquid Crystal Polymer Market Overview:
Liquid Crystal Polymer (LCP) Market is likely to witness an impressive CAGR of 7.2% during the forecast period. The global market is propelled by the growing demand from various end-use industries, such as consumer goods, electrical & electronics, automotive, lighting, and medical, among others.
Report Overview:
This new report from Stratview Research analyses the Liquid Crystal Polymer Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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https://www.stratviewresearch.com/Request-Sample/802/Liquid Crystal Polymer-market.html
Liquid Crystal Polymer Market Segment Insights:
Application Type: hollow Liquid Crystal Polymer and solid Liquid Crystal Polymer
Based on the application type, the market is segmented as electrical & electronics, consumer goods, automotive, lighting, medical, and others. The electrical & electronics segment is projected to be the largest segment in the coming five years. On the other hand, the medical application segment is estimated to register the highest growth during the forecast period. The increasing demand for LCPs from various end-use industries, such as electrical & electronics, consumer goods, automotive, lighting, medical, and others are anticipated to drive the market. Further, the premium properties of LCPs and growing resin replacements for ultra-thin components are bolstering the market for LCPs.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/790/liquid-crystal-polymer-market.html
A highly/moderately/fragment consolidated Market
Some of the major players in the liquid crystal polymer market are Celanese Corporation, Polyplastics Co., Ltd., Polyone Corporation, Sumitomo Chemical Company Limited, Solvay SA, Shanghai Pret Composites Co., Ltd., Toray International, Inc., and Ueno Fine Chemicals Industry Limited.
Region: Asia-Pacific region is estimated to witness the highest growth
In terms of regions, the Asia-Pacific region is estimated to witness the highest growth in the liquid crystal polymer market in the coming five years. The growing end-user industry is the prime driver of the market in the region. China dominated the regional market and accounted for 70.10% share of the total Asia-Pacific’s market volume in 2018. China is estimated to maintain its dominance during the forecast period, owing to the rapid development of the electrical & electronics industry in the country. Other Asia-Pacific countries, such as Japan, South Korea, India, and Taiwan are also expected to depict a steady growth in the coming five years. On the other side, North America and Europe are expected to observe a moderate growth during the forecast period, owing to the shifting of end-user manufacturing base, such as consumer goods and electrical & electronics, in the Asia-Pacific region. However, shift in trend towards the acceptance of lightweight, high performance materials from the automotive sector, majorly in North America and Europe is expected to fuel the liquid crystal polymer market in the mentioned regions.
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