Research Nester assesses the growth and market size of global Liquid Crystal Polymer Films and Laminates Market which is anticipated to be on account of the rapid technological advancements in LCPs
Research Nester’s recent market research analysis on “Liquid Crystal Polymer Film Laminates Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor analysis and a detailed overview of the global Liquid Crystal Polymer Films and Laminates Market in terms of market segmentation by product, application, and by region.
Growing Demand for Electronics to Promote Global Market Share of Liquid Crystal Polymer Film Laminates
The global Liquid Crystal Polymer Films and Laminates Market growth is attributed to rapidly expanding electronic industry. LCPs are widely used in flexible printed circuits and connectors due to their high frequency properties and dimensional stability. The demand for LCPs has witnessed significant surge due to rising sales of different types of wearable devices, smartphones, and tablets.
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In addition, rising demand for LCPs in 5G applications, aerospace sector and medical applications is expected to open new avenues for new entrants and existing players in the market.
Growth Drivers:
• Rising Usage of LCPs In the Aerospace Industry
• Miniaturization of Electronics
Challenges:
• Rising Environmental Issues in Terms of Disposal and Recycling of LCPs
• Strong Competition from Other Materials
By application, the automotive segment is expected to register a rapid revenue CAGR of 7.2% during the forecast period owing to increasing sales of electric vehicles and rapid advancements such as autonomous driving and advanced driver assistance systems (ADAS). LCPs are widely used in modern vehicles in sensors, lighting systems, and radar systems due to its unique properties such as high flame and heat retardancy, chemical resistance, and low moisture absorption.
By region, the Asia Pacific excluding Japan Liquid Crystal Polymer Films and Laminates Market is to generate the highest revenue of USD 204.1 million by the end of 2037. Escalating investment by the government in the electronic industry and growing sales of electric vehicles based in this region is set to boost the market growth in the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global Liquid Crystal Polymer Films and Laminates Market which includes company profiling of Kuraray Co., Ltd., Rogers Corporation, Ensinger GmbH, Panasonic Holdings Corporation, Ueno Fine Chemicals Industry, Ltd., Matrix Electronics Ltd, and others.
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