PUBLISHER: The Business Research Company | PRODUCT CODE: 1668364
PUBLISHER: The Business Research Company | PRODUCT CODE: 1668364
Liquid crystal polymers (LCPs) are a class of high-performance engineering thermoplastics characterized by a unique combination of properties, including high strength, stiffness, chemical resistance, and thermal stability. LCPs find applications in various high-performance uses across different industries, addressing wear and degradation concerns encountered with existing fiber materials under different temperature and chemical conditions.
The main types of liquid crystal polymers include lyotropic LC (Liquid Crystal) polymers and thermotropic LC polymers. Lyotropic LC polymers exhibit liquid crystalline behavior in solution and are utilized in applications such as drug delivery systems, templating materials, and sensors. Within lyotropic LC polymers, there are major categories such as main chain LC polymers and side chain LC polymers. Liquid crystal polymers are available in various forms, including LCP resins and compounds, liquid crystal polymer films, and liquid crystal polymer fibers. These materials are applied in diverse industries such as electrical and electronics, industrial machinery, consumer goods, lighting, medical, and others.
The liquid crystal polymers market research report is one of a series of new reports from The Business Research Company that provides liquid crystal polymers market statistics, including liquid crystal polymers industry global market size, regional shares, competitors with a liquid crystal polymers market share, detailed liquid crystal polymers market segments, market trends and opportunities, and any further data you may need to thrive in the liquid crystal polymers industry. This liquid crystal polymers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The liquid crystal polymers market size has grown strongly in recent years. It will grow from$1.88 billion in 2024 to $2.02 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to data center expansion, energy efficiency, cost-effective scaling, web hosting requirements, low power consumption, parallel processing needs
The liquid crystal polymers market size is expected to see strong growth in the next few years. It will grow to $2.92 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to smart cities development, autonomous vehicles, telemedicine growth, evolving security requirements, security concerns and hardware-based solutions. Major trends in the forecast period include ai and machine learning workloads, customized and application-specific solutions, open compute project (OCP), heterogeneous computing architectures, blockchain technology.
The liquid crystal polymer market is being propelled by advancements in the development of lightweight materials for automobile components. These lightweight automotive components, designed to be lighter than traditional ones, are in high demand for their added benefits. Liquid crystal polymers play a crucial role in producing lightweight automotive components used in both electric and combustion vehicles. According to the US Office of Energy Efficiency and Renewable Energy, a 10% reduction in automobile weight can enhance fuel efficiency by 6%-8%, potentially saving about 5 billion gallons of fuel annually by 2030 if lightweight materials are employed in a quarter of the U.S. fleet. Consequently, the increasing demand for lightweight automotive components is a significant factor driving the growth of the liquid crystal polymer market.
The expanding aerospace sector is anticipated to drive the growth of the liquid crystal polymer market in the future. The aerospace and defense industry encompasses the design, production, and maintenance of aerospace systems, which include aircraft, spacecraft, missiles, rockets, and associated components, as well as defense systems and equipment. Liquid crystal polymer (LCP) is utilized in the aerospace industry due to its lightweight and high-performance qualities, making it an ideal choice for applications like aircraft components, connectors, and electronic systems. For example, in March 2023, the Bureau of Transportation Statistics, a U.S. government agency, reported that U.S. airlines transported 853 million passengers in 2022 (unadjusted), a rise from 658 million in 2021. Consequently, the growth of the aerospace industry is fueling the expansion of the liquid crystal polymer market.
A notable trend in the liquid crystal polymer market is the introduction of innovative products, exemplified by Sumitomo Chemical Advanced Technologies' launch of the SUMIKASUPER long-fiber thermoplastic (LFT) compound family in July 2022. This product features high-performance liquid crystal polymer (LCP) matrices reinforced with chopped carbon fiber or fiberglass, providing exceptional structural stability. With a fiber-weight fraction of 30-50% E-glass and high-modulus carbon fiber, this product significantly improves the thermal and mechanical performance of materials, contributing to market sustainability.
Major players in the liquid crystal polymer market are introducing groundbreaking products such as the NEX 01 Liquid Crystal Polymer (LCP) 3D printer by NematX. Launched in November 2022, this 3D printer boasts micron-resolution capabilities, enabling high-throughput production with precise process control. This innovation addresses the demand for accurate and efficient 3D printing within the liquid crystal polymer market.
In April 2023, Doosan Corp., a South Korea-based power, desalination, engines, and services provider, entered into a joint development agreement with Ionic Materials. This partnership aims to explore the potential applications of liquid crystal polymers (LCP) in advanced functional materials. Doosan aims to complete the development of LCP film-applied FCCL by the end of the year, with a strategic focus on capturing market opportunities in next-generation mobile devices and materials for 5G and 6G communications.
Major companies operating in the liquid crystal polymers market include Celanese Corporation, Sumitomo Chemical Co. Ltd., Toray Industries Inc., Solvay S.A., Ueno Fine Chemicals Industry Ltd., Shanghai PRET Composites Co. Ltd., Rogers Corporation, RTP Company Inc., Kuraray Co. Ltd., Zeus Company Inc., Chang Chun Group, Henan DaKen Chemical Co. Ltd., Avient Corporation, DuPont de Nemours Inc., Polyplastics Co. Ltd., ENEOS LC Co.Ltd., Daicel Corporation, Kingfa Sci.&Tech. Co.Ltd., Ningbo Jujia New Material Technology Co. Ltd., Samsung Chemicals Co.Ltd., Shanghai Kumho Sunny Plastics Co.Ltd., Saudi Basic Industries Corporation, PolyOne Corporation, Mitsubishi Chemical Corporation, LG Chem Ltd., Covestro AG, BASF SE, Arkema S.A., Asahi Kasei Corporation, DSM Engineering Plastics, Evonik Industries AG, Eastman Chemical Company
Asia-Pacific was the largest region in the liquid crystal polymer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global liquid crystal polymers market during the forecast period. The regions covered in the liquid crystal polymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the liquid crystal polymers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The liquid crystal polymer market consists of sales of semi-aromatic polyesters, polyamides, and polyester-co-amides. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Liquid Crystal Polymers Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on liquid crystal polymers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for liquid crystal polymers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The liquid crystal polymers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.