Market Size of liquid crystal polymers (lcp) Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Volume (2023) | 65.52 metric kilotons |
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Market Volume (2028) | 83.74 metric kilotons |
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Largest Share by End User Industry | Electrical and Electronics |
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CAGR (2023 - 2028) | 5.03 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Liquid Crystal Polymers Market Analysis
The Global Liquid Crystal Polymer (Lcp) Market size is expected to grow from 65.52 kilo metric tons in 2023 to 83.74 kilo metric tons by 2028, at a CAGR of 5.03% during the forecast period (2023-2028).
- Electrical and Electronics is the Largest End User Industry. 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.
- Aerospace is the Fastest-growing End User Industry. LCP is adopted in microelectronics in the aerospace industry. Thus, the segment is anticipated to witness the fastest growth in the market.
- Asia-Pacific is the Largest Region. 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.
- Middle East is the Fastest-growing Region. With electronics production expected to register a faster CAGR of around 8.7% during the forecast period, the Middle East is projected to be the fastest-growing region.
