Crystal Clear Innovation: Navigating Trends in the Liquid Crystal Polymer Market

1. Liquid Crystal Polymer Market to Reach USD 2,360 Million by 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

2. The value of the liquid crystal polymer market was USD 1,313 million in 2022, and it will grow at a rate of 7.60% in the years to come, to touch USD 2,360 million by 2030, as stated by a market research firm, P&S Intelligence in one of its reports. Thermotropic type had the largest share, of about 80%, in the past. This is due to the fact that, it has exceptional thermal properties, displays improved elasticity, and has low viscosity. It is also used in different electronic products including tablets, laptops, and televisions. The semiconductor & electronics category will grow the fastest in the years to come, powering at a rate of 8.2%. This is because of the miniaturization of electronic products, and numerous features of LCPs including extraordinary chemical resistance, characteristic flame retardance, and unpaid strength at extreme temperatures. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/liquid-crystal- polymer-market/report-sample These properties allow the usage of LCPs in diverse electronic product parts and components, such as, antenna substrates, chip carriers and housings, and flexible printed circuits. The increase in requirement for liquid crystal polymers is powered by the acceptance of these polymers in the budding automotive sector. There has been incredible growth in the production of automobiles along with sales in Japan, China, India and the U.S. The trend in the industry is to develop vehicles complying with the strict fuel economy mandates. One of the main solutions to this challenge is the development of lightweight vehicles. For example, generally, a 10% reduction in the weight of the vehicle can summon an 8% advance in fuel economy. In the medical industry, MRI is used in diagnosis and treatment. Though, procedures requiring catheterization in MRI make use of X-ray to guide the catheter because of metal catheter components, incompatible with MRI. These X-ray procedures leave patients and clinicians to ionizing radiation. For reducing the effect of radiation, properties of LCPs, such as autoclaving and high malleable strength are effective and will replace catheter metal components in the years to come. Inquire before purchase@ https://www.psmarketresearch.com/send- enquiry?enquiry-url=liquid-crystal-polymer-market 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

3. APAC leads the liquid crystal polymer market, with 62% share, and it will maintain this in the future. This is because of the fast expansion of the electronics sector, reasonably priced manufacturing capabilities, a huge base of population, and tech advancements. This will also be driven by the increasing requirement for semiconductor and electronic components in smart watches, flat TVs, calculators, smartphones, desktops, tablets and laptops. Smartwatches and smartphones will be highly demanded, because of their customer appeal and high acceptance rate across local demographics. Due to the increasing need of consumer electronics all over the world, the demand for liquid crystal polymer will continue to rise in the future. The research offers market size of the liquid crystal polymer market for the period 2017–2030. Market Segmentation by Type Thermotropic Lyotropic Market Segmentation by Industry Semiconductor and Electronics Automotive Medical Consumer Goods Others Market Segmentation by Region North America Liquid Crystal Polymer Market • • • • • • • • oBy type oBy industry oBy country – U.S. and Canada Europe Liquid Crystal Polymer Market • oBy type oBy industry oBy country – Germany, U.K., France, Italy, Spain, and Rest of Europe Asia-Pacific (APAC) Liquid Crystal Polymer Market • oBy type oBy industry oBy country – Japan, China, India, South Korea, Australia, and Rest of APAC Latin America (LATAM) Liquid Crystal Polymer Market • 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

4. oBy type oBy industry oBy country – Brazil, Mexico and Rest of LATAM Middle East and Africa (MEA) Liquid Crystal Polymer Market • oBy type oBy industry oBy country – Saudi Arabia, South Africa, U.A.E., and Rest of MEA 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved

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