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Liquid Crystal Polymers (LCP) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The Liquid Crystal Polymers (LCP) Market is segmented by End User Industry (Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market Value in USD and Volume in tons are both presented. Key Data Points observed include volume of automobile production, new construction floor area, plastic packaging production volume, plastic resin production, imports and exports, and price of plastic resins.

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Liquid Crystal Polymers (LCP) Market Size

Liquid Crystal Polymers (LCP) Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 0.84 Billion
svg icon Market Size (2029) USD 1.24 Billion
svg icon Largest Share by End User Industry Electrical and Electronics
svg icon CAGR (2024 - 2029) 8.19 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

Compare market size and growth of Liquid Crystal Polymers (LCP) Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

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Liquid Crystal Polymers (LCP) Market Analysis

The Liquid Crystal Polymers (LCP) Market size is estimated at 0.84 billion USD in 2024, and is expected to reach 1.24 billion USD by 2029, growing at a CAGR of 8.19% during the forecast period (2024-2029).

0.84 Billion

Market Size in 2024 (USD)

1.24 Billion

Market Size in 2029 (USD)

7.53 %

CAGR (2017-2023)

8.19 %

CAGR (2024-2029)

Largest Market by End-user Industry

78.43 %

value share, Electrical and Electronics, 2023

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Composites of LCP are majorly used in the electronics industry due to rapid innovation, their dielectric properties, and their chemical resistance. Thus, the industry occupied the highest share.

Fastest Growing Market by End-user Industry

8.85 %

Projected CAGR, Aerospace, 2024-2029

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LCP is adopted in microelectronics in the aerospace industry. Thus, the segment is anticipated to witness the fastest growth in the market.

Largest Market by Region

69.18 %

value share, Asia-Pacific, 2023

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Asia-Pacific is majorly driven by emerging economies such as China, India, Japan, and South Korea. Its electronics industry is expected to witness a CAGR of 6.63%, making Asia-Pacific the largest region in the market.

Fastest Growing Market by Region

12.56 %

Projected CAGR, Africa, 2024-2029

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With electronics production expected to register a faster CAGR of around 9% during the forecast period, the Africa is projected to be the fastest-growing region.

Leading Market Player

25.28 %

market share, Celanese Corporation, 2022

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Celanese is the largest producer of LCP resin, with a production capacity of 18 kilotons. It also has a major expansion plan in China, expected to be completed in 2024.

Rapid pace of technological innovations in the electronics industry to boost market demand

  • Liquid crystal polymers (LCP) exhibit versatile properties like resistance to creep, chemicals, impact, and abrasion. LCPs also have high dielectric and mechanical strength, due to which they are used widely in the electronics, aerospace, and industrial machinery industries. The LCP market accounted for 0.65% of the revenue of global engineering plastics in 2022.
  • The electrical and electronics industry was the largest consumer of LCP resins in 2022. The rising trend of using high-strength and lightweight materials in consumer electronics is expected to drive the demand for LCP resin. Revenue of the global consumer electronics industry is projected to reach USD 1,103 billion by the end of 2023 and grow annually by 2.17% till 2027.
  • The industrial machinery industry was the second-largest consumer of LCP resin globally in 2022. The growing trends of rapid urbanization and restoration of offshore exports for machine tools and structural equipment post-pandemic boosted the production of industrial machinery in 2022, resulting in a surge in the consumption of LCP resins. The industrial machinery segment of the global LCP market witnessed a growth of 19.20% by value in 2022 compared to the previous year.
  • The aerospace industry is the fastest-growing end-user segment in terms of revenue. It is expected to witness a CAGR of 9.11% by value during the forecast period (2023-2029), which can be attributed to the increased production of aircraft components to cater to the growing demand for lighter and more fuel-efficient aircraft that will increase the consumption of LCP in the future. Aerospace production revenue is expected to reach USD 723 billion by 2029 compared to USD 466 billion in 2022.
Global Liquid Crystal Polymers (LCP) Market

Asia-Pacific region to dominate the global LCP market over the coming years

  • Liquid crystal polymers are extensively used for various applications, such as in thin-walled high-precision parts exposed to high heat, in regions such as Asia-Pacific, North America, and South America. Some of LCP's key applications are in the automotive, electrical and electronic, and industrial machinery end-user industries. Liquid crystal polymers accounted for a 0.65% share of the global engineering plastics market in 2022 by revenue.
  • Asia-Pacific witnessed a 3.70% growth in value in 2022 over the previous year. This could be attributed to the electrical and electronics and automotive industries, which accounted for value shares of 75.96% and 69.59%, respectively, of the global demand for LCP from these end-user industries. With an increase in the demand for technology, gaming consoles, and electronic devices due to companies adopting work-from-home models and people setting up home offices, the global LCP market is likely to increase.
  • In 2022, North America was the second-largest regional consumer of LCP, with a share of 14.27% by revenue. The region holds a predominant share in the global consumption of LCP as it accounts for the highest number of end-user applications in industry segments such as automotive and electronics. For example, the region accounted for a 10.09% share of global vehicle production and a 9.92% share of global electronic component production in 2022.
  • Africa is the second fastest-growing region, and it is expected to grow by 9.82% by value in 2023 compared to 2022, led by the electrical and electronics industry. The major South Korean electrical and electronics brands have a strong foothold in Africa, with Samsung accounting for 35% of the smartphone market. Samsung is the leading investor in the manufacturing and assembly of electronic machinery goods in Ethiopia and Sudan.

Global Liquid Crystal Polymers (LCP) Market Trends

Technological advancements in electronics industry may foster the growth

  • The rapid pace of technological innovation in electronic products is driving the consistent demand for new and fast electrical and electronic products. In 2022, the global revenue of electrical and electronics stood at USD 5,807 billion, with Asia-Pacific holding a 74% market share, followed by Europe with a 13% share. The global electrical and electronics market is expected to record a CAGR of 6.61% during the forecast period.
  • In 2018, the Asia-Pacific region witnessed strong economic growth owing to rapid industrialization in China, South Korea, Japan, India, and ASEAN countries. In 2020, due to the pandemic, there was a slowdown in global electrical and electronics production due to the shortage of chips and inefficiencies in the supply chain, which led to a stagnant growth rate of 0.1% in revenue compared to the previous year. This growth was driven by the demand for consumer electronics for remote working and home entertainment as people were forced to remain indoors during the pandemic.
  • The demand for advanced technologies, such as digitalization, robotics, virtual reality, augmented reality, IoT (Internet of Things), and 5G connectivity, is expected to grow during the forecast period. Global electrical and electronics production is expected to register a growth rate of 5.9% in 2027.​ As a result of technological advancements, the demand for consumer electronics is expected to rise during the forecast period. For instance, the global consumer electronics industry is projected to witness a revenue reach of around USD 904.6 billion in 2027, compared to USD 719.1 billion in 2023. As a result, technological development is projected to lead the demand for electrical and electronic products during the forecast period.
Global Liquid Crystal Polymers (LCP) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Fast-paced growth of aviation industry and increased aircraft contracts may aid market growth
  • Fast-paced urbanization and investments in Asia-Pacific region may boost the industry
  • Growing demand for electric vehicles may boost automobile industry growth
  • Demand for flexible packaging from the food and beverage industry boosting market growth

Liquid Crystal Polymers (LCP) Industry Overview

The Liquid Crystal Polymers (LCP) Market is fairly consolidated, with the top five companies occupying 80.34%. The major players in this market are Celanese Corporation, Daicel Corporation, Shenzhen Wote Advanced Materials Co.,Ltd., Solvay and Sumitomo Chemical Co., Ltd. (sorted alphabetically).

Liquid Crystal Polymers (LCP) Market Leaders

  1. Celanese Corporation

  2. Daicel Corporation

  3. Shenzhen Wote Advanced Materials Co.,Ltd.

  4. Solvay

  5. Sumitomo Chemical Co., Ltd.

Liquid Crystal Polymers (LCP) Market Concentration

Other important companies include Kingfa Sci.&Tech. Co.,Ltd., Ningbo Jujia New Material Technology Co., Ltd, Shanghai PRET Composite Material Co., Ltd., Toray Industries, Inc., Ueno Fine Chemicals Industry, Ltd..

*Disclaimer: Major Players sorted in alphabetical order.

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Liquid Crystal Polymers (LCP) Market News

  • April 2022: Kingfa SCI. & TECH. Co. Ltd planned to expand its annual LCP production capacity by 6 kilotons by the end of the last month of 2023.
  • January 2022: Sumitomo Chemical decided to build additional production lines for its liquid crystal polymer (LCP) SUMIKASUPERTM, which is a super engineering plastic, at its Ehime Works (Niihama, Ehime, Japan).
  • September 2021: Shanghai PRET Composite Material Co. Ltd announced that its wholly owned subsidiary, Shanghai Primite Chemical New Materials Co. Ltd, acquired all of the LCP-related business assets of Nantong Haidi New Materials Co. Ltd, reorganizing as part of its financial restructuring program.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.

Global Liquid Crystal Polymers (LCP) Market
Global Liquid Crystal Polymers (LCP) Market
Global Liquid Crystal Polymers (LCP) Market
Global Liquid Crystal Polymers (LCP) Market

Liquid Crystal Polymers (LCP) Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Trends

      1. 2.1.1. Aerospace

      2. 2.1.2. Automotive

      3. 2.1.3. Building and Construction

      4. 2.1.4. Electrical and Electronics

      5. 2.1.5. Packaging

    2. 2.2. Regulatory Framework

      1. 2.2.1. Argentina

      2. 2.2.2. Australia

      3. 2.2.3. Brazil

      4. 2.2.4. Canada

      5. 2.2.5. China

      6. 2.2.6. EU

      7. 2.2.7. India

      8. 2.2.8. Japan

      9. 2.2.9. Malaysia

      10. 2.2.10. Mexico

      11. 2.2.11. Nigeria

      12. 2.2.12. Russia

      13. 2.2.13. Saudi Arabia

      14. 2.2.14. South Africa

      15. 2.2.15. South Korea

      16. 2.2.16. United Arab Emirates

      17. 2.2.17. United Kingdom

      18. 2.2.18. United States

    3. 2.3. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. End User Industry

      1. 3.1.1. Aerospace

      2. 3.1.2. Automotive

      3. 3.1.3. Electrical and Electronics

      4. 3.1.4. Industrial and Machinery

      5. 3.1.5. Other End-user Industries

    2. 3.2. Region

      1. 3.2.1. Africa

        1. 3.2.1.1. By Country

          1. 3.2.1.1.1. Nigeria

          2. 3.2.1.1.2. South Africa

          3. 3.2.1.1.3. Rest of Africa

      2. 3.2.2. Asia-Pacific

        1. 3.2.2.1. By Country

          1. 3.2.2.1.1. Australia

          2. 3.2.2.1.2. China

          3. 3.2.2.1.3. India

          4. 3.2.2.1.4. Japan

          5. 3.2.2.1.5. Malaysia

          6. 3.2.2.1.6. South Korea

          7. 3.2.2.1.7. Rest of Asia-Pacific

      3. 3.2.3. Europe

        1. 3.2.3.1. By Country

          1. 3.2.3.1.1. France

          2. 3.2.3.1.2. Germany

          3. 3.2.3.1.3. Italy

          4. 3.2.3.1.4. Russia

          5. 3.2.3.1.5. United Kingdom

          6. 3.2.3.1.6. Rest of Europe

      4. 3.2.4. Middle East

        1. 3.2.4.1. By Country

          1. 3.2.4.1.1. Saudi Arabia

          2. 3.2.4.1.2. United Arab Emirates

          3. 3.2.4.1.3. Rest of Middle East

      5. 3.2.5. North America

        1. 3.2.5.1. By Country

          1. 3.2.5.1.1. Canada

          2. 3.2.5.1.2. Mexico

          3. 3.2.5.1.3. United States

      6. 3.2.6. South America

        1. 3.2.6.1. By Country

          1. 3.2.6.1.1. Argentina

          2. 3.2.6.1.2. Brazil

          3. 3.2.6.1.3. Rest of South America

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. Celanese Corporation

      2. 4.4.2. Daicel Corporation

      3. 4.4.3. Kingfa Sci.&Tech. Co.,Ltd.

      4. 4.4.4. Ningbo Jujia New Material Technology Co., Ltd

      5. 4.4.5. Shanghai PRET Composite Material Co., Ltd.

      6. 4.4.6. Shenzhen Wote Advanced Materials Co.,Ltd.

      7. 4.4.7. Solvay

      8. 4.4.8. Sumitomo Chemical Co., Ltd.

      9. 4.4.9. Toray Industries, Inc.

      10. 4.4.10. Ueno Fine Chemicals Industry, Ltd.

  7. 5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, GLOBAL, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, GLOBAL, 2017 - 2029
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, GLOBAL, 2017 - 2029
  1. Figure 4:  
  2. PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, GLOBAL, 2017 - 2029
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, GLOBAL, 2017 - 2029
  1. Figure 6:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, GLOBAL, 2017 - 2029
  1. Figure 7:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, GLOBAL, 2017 - 2029
  1. Figure 8:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 9:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 10:  
  2. VOLUME SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 11:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 12:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED IN AEROSPACE INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 13:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED IN AEROSPACE INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 14:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED IN AEROSPACE INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 15:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 17:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED IN AUTOMOTIVE INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 18:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 19:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 20:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 21:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 23:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 24:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, GLOBAL, 2017 - 2029
  1. Figure 25:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, GLOBAL, 2017 - 2029
  1. Figure 26:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
  1. Figure 27:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY REGION, TONS, GLOBAL, 2017 - 2029
  1. Figure 28:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY REGION, USD, GLOBAL, 2017 - 2029
  1. Figure 29:  
  2. VOLUME SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY REGION, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 30:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY REGION, %, GLOBAL, 2017, 2023, AND 2029
  1. Figure 31:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, TONS, AFRICA, 2017 - 2029
  1. Figure 32:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, USD, AFRICA, 2017 - 2029
  1. Figure 33:  
  2. VOLUME SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 34:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
  1. Figure 35:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, NIGERIA, 2017 - 2029
  1. Figure 36:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, NIGERIA, 2017 - 2029
  1. Figure 37:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2029
  1. Figure 38:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, SOUTH AFRICA, 2017 - 2029
  1. Figure 39:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, SOUTH AFRICA, 2017 - 2029
  1. Figure 40:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2022 VS 2029
  1. Figure 41:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, REST OF AFRICA, 2017 - 2029
  1. Figure 42:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, REST OF AFRICA, 2017 - 2029
  1. Figure 43:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, REST OF AFRICA, 2022 VS 2029
  1. Figure 44:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2017 - 2029
  1. Figure 45:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
  1. Figure 46:  
  2. VOLUME SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 47:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
  1. Figure 48:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
  1. Figure 49:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, AUSTRALIA, 2017 - 2029
  1. Figure 50:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
  1. Figure 51:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, CHINA, 2017 - 2029
  1. Figure 52:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, CHINA, 2017 - 2029
  1. Figure 53:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
  1. Figure 54:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 55:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 56:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 57:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, JAPAN, 2017 - 2029
  1. Figure 58:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, JAPAN, 2017 - 2029
  1. Figure 59:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, JAPAN, 2022 VS 2029
  1. Figure 60:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, MALAYSIA, 2017 - 2029
  1. Figure 61:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, MALAYSIA, 2017 - 2029
  1. Figure 62:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2022 VS 2029
  1. Figure 63:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, SOUTH KOREA, 2017 - 2029
  1. Figure 64:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, SOUTH KOREA, 2017 - 2029
  1. Figure 65:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2022 VS 2029
  1. Figure 66:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, REST OF ASIA-PACIFIC, 2017 - 2029
  1. Figure 67:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2029
  1. Figure 68:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2022 VS 2029
  1. Figure 69:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, TONS, EUROPE, 2017 - 2029
  1. Figure 70:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2029
  1. Figure 71:  
  2. VOLUME SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
  1. Figure 72:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
  1. Figure 73:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, FRANCE, 2017 - 2029
  1. Figure 74:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, FRANCE, 2017 - 2029
  1. Figure 75:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, FRANCE, 2022 VS 2029
  1. Figure 76:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, GERMANY, 2017 - 2029
  1. Figure 77:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, GERMANY, 2017 - 2029
  1. Figure 78:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, GERMANY, 2022 VS 2029
  1. Figure 79:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, ITALY, 2017 - 2029
  1. Figure 80:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, ITALY, 2017 - 2029
  1. Figure 81:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, ITALY, 2022 VS 2029
  1. Figure 82:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, RUSSIA, 2017 - 2029
  1. Figure 83:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, RUSSIA, 2017 - 2029
  1. Figure 84:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2022 VS 2029
  1. Figure 85:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, UNITED KINGDOM, 2017 - 2029
  1. Figure 86:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, UNITED KINGDOM, 2017 - 2029
  1. Figure 87:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2022 VS 2029
  1. Figure 88:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, REST OF EUROPE, 2017 - 2029
  1. Figure 89:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, REST OF EUROPE, 2017 - 2029
  1. Figure 90:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2022 VS 2029
  1. Figure 91:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 92:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 93:  
  2. VOLUME SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 94:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 95:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, SAUDI ARABIA, 2017 - 2029
  1. Figure 96:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, SAUDI ARABIA, 2017 - 2029
  1. Figure 97:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, SAUDI ARABIA, 2022 VS 2029
  1. Figure 98:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 99:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 100:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, UNITED ARAB EMIRATES, 2022 VS 2029
  1. Figure 101:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 102:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 103:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, REST OF MIDDLE EAST, 2022 VS 2029
  1. Figure 104:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, TONS, NORTH AMERICA, 2017 - 2029
  1. Figure 105:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
  1. Figure 106:  
  2. VOLUME SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
  1. Figure 107:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
  1. Figure 108:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, CANADA, 2017 - 2029
  1. Figure 109:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, CANADA, 2017 - 2029
  1. Figure 110:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, CANADA, 2022 VS 2029
  1. Figure 111:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, MEXICO, 2017 - 2029
  1. Figure 112:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, MEXICO, 2017 - 2029
  1. Figure 113:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, MEXICO, 2022 VS 2029
  1. Figure 114:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, UNITED STATES, 2017 - 2029
  1. Figure 115:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, UNITED STATES, 2017 - 2029
  1. Figure 116:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2022 VS 2029
  1. Figure 117:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2017 - 2029
  1. Figure 118:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
  1. Figure 119:  
  2. VOLUME SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
  1. Figure 120:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
  1. Figure 121:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, ARGENTINA, 2017 - 2029
  1. Figure 122:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, ARGENTINA, 2017 - 2029
  1. Figure 123:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2022 VS 2029
  1. Figure 124:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, BRAZIL, 2017 - 2029
  1. Figure 125:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, BRAZIL, 2017 - 2029
  1. Figure 126:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2022 VS 2029
  1. Figure 127:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 128:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 129:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2022 VS 2029
  1. Figure 130:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2019 - 2021
  1. Figure 131:  
  2. MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2019 - 2021
  1. Figure 132:  
  2. PRODUCTION CAPACITY SHARE OF LIQUID CRYSTAL POLYMER (LCP) BY MAJOR PLAYERS, %, GLOBAL, 2022

Liquid Crystal Polymers (LCP) Industry Segmentation

Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery are covered as segments by End User Industry. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • Liquid crystal polymers (LCP) exhibit versatile properties like resistance to creep, chemicals, impact, and abrasion. LCPs also have high dielectric and mechanical strength, due to which they are used widely in the electronics, aerospace, and industrial machinery industries. The LCP market accounted for 0.65% of the revenue of global engineering plastics in 2022.
  • The electrical and electronics industry was the largest consumer of LCP resins in 2022. The rising trend of using high-strength and lightweight materials in consumer electronics is expected to drive the demand for LCP resin. Revenue of the global consumer electronics industry is projected to reach USD 1,103 billion by the end of 2023 and grow annually by 2.17% till 2027.
  • The industrial machinery industry was the second-largest consumer of LCP resin globally in 2022. The growing trends of rapid urbanization and restoration of offshore exports for machine tools and structural equipment post-pandemic boosted the production of industrial machinery in 2022, resulting in a surge in the consumption of LCP resins. The industrial machinery segment of the global LCP market witnessed a growth of 19.20% by value in 2022 compared to the previous year.
  • The aerospace industry is the fastest-growing end-user segment in terms of revenue. It is expected to witness a CAGR of 9.11% by value during the forecast period (2023-2029), which can be attributed to the increased production of aircraft components to cater to the growing demand for lighter and more fuel-efficient aircraft that will increase the consumption of LCP in the future. Aerospace production revenue is expected to reach USD 723 billion by 2029 compared to USD 466 billion in 2022.
End User Industry
Aerospace
Automotive
Electrical and Electronics
Industrial and Machinery
Other End-user Industries
Region
Africa
By Country
Nigeria
South Africa
Rest of Africa
Asia-Pacific
By Country
Australia
China
India
Japan
Malaysia
South Korea
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Russia
United Kingdom
Rest of Europe
Middle East
By Country
Saudi Arabia
United Arab Emirates
Rest of Middle East
North America
By Country
Canada
Mexico
United States
South America
By Country
Argentina
Brazil
Rest of South America
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Market Definition

  • End-user Industry - Aerospace, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the liquid crystal polymer market.
  • Resin - Under the scope of the study, virgin liquid crystal polymer resin in the primary forms such as powder, pellet, etc. are considered.
Keyword Definition
Acetal This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc.
Acrylic This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation.
Cast film A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion.
Colorants & Pigments Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix.
Composite material A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements.
Degree of Polymerization (DP) The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands.
Dispersion To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion.
Fiberglass Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass.
Fiber-reinforced polymer (FRP) Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt.
Flake This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics.
Fluoropolymers This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc.
Kevlar Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid.
Laminate A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width.
Nylon They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids.
PET preform A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container.
Plastic compounding Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers.
Plastic pellets Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic.
Polymerization It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds.
Styrene Copolymers A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate.
Thermoplastics Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties.
Virgin Plastic It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials.
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  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
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Liquid Crystal Polymers (LCP) Market Research FAQs

The Global Liquid Crystal Polymers (LCP) Market size is expected to reach USD 836.65 million in 2024 and grow at a CAGR of 8.19% to reach USD 1.24 billion by 2029.

In 2024, the Global Liquid Crystal Polymers (LCP) Market size is expected to reach USD 836.65 million.

Celanese Corporation, Daicel Corporation, Shenzhen Wote Advanced Materials Co.,Ltd., Solvay and Sumitomo Chemical Co., Ltd. are the major companies operating in the Global Liquid Crystal Polymers (LCP) Market.

In the Global Liquid Crystal Polymers (LCP) Market, the Electrical and Electronics segment accounts for the largest share by end user industry.

In 2024, Asia-Pacific accounts for the largest share by region in the Global Liquid Crystal Polymers (LCP) Market.

In 2023, the Global Liquid Crystal Polymers (LCP) Market size was estimated at 836.65 million. The report covers the Global Liquid Crystal Polymers (LCP) Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Liquid Crystal Polymers (LCP) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Liquid Crystal Polymers Industry Report

Statistics for the 2023 Liquid Crystal Polymers (LCP) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Liquid Crystal Polymers (LCP) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Liquid Crystal Polymers Market Report Snapshots

Liquid Crystal Polymers (LCP) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029