Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.67 Billion | USD 3.16 Billion | 6.1% | 2024 |
FrequentlyAsked Questions
Liquid crystal polymers (LCPs) are an advanced group of polymers and an important unit of the chemical industry.
The global liquid crystal polymers (LCPs) market is expected to grow due to rising demand in electronics for miniaturization, increasing use in high-performance automotive components, growth in medical devices, and advancements in 5G and IoT applications.
According to a study, the global liquid crystal polymers (LCPs) market size was worth around USD 1.67 Billion in 2024 and is expected to reach USD 3.16 Billion by 2034.
The global liquid crystal polymers (LCPs) market is expected to grow at a CAGR of 6.1% during the forecast period.
The global liquid crystal polymers (LCPs) market was led by Asia-Pacific in 2022. The total regional market share increased by over 3% as compared to 2021 due to the excellent response recorded in the electronics and electrical sectors of India, China, South Korea, and other nations.
Asia-Pacific is expected to dominate the liquid crystal polymers (LCPs) market over the forecast period.
Leading players in the global liquid crystal polymers (LCPs) market include Solvay, Celanese Corporation, Sumitomo Chemical Company, TORAY INDUSTRIES, INC., UENO FINE CHEMICALS INDUSTRY, LTD., RTP Company, Zeus Company Inc., Chang Chung Group, Polyplastics Co., Daken Chem, among others.
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