HOME Top Market Reports Liquid Crystal Polymer Market by Application (Electrical & Electronics, Consumer Goods, Lightning, Automotive, Medical & Others) and by Brands (Laperos LCP, Vectra/Zenite, Sumikasuper, Xydar, Siveras & Others) - Global Forecasts to 2020

Liquid Crystal Polymer Market by Application (Electrical & Electronics, Consumer Goods, Lightning, Automotive, Medical & Others) and by Brands (Laperos LCP, Vectra/Zenite, Sumikasuper, Xydar, Siveras & Others) - Global Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: October 2015
Report Code: CH 3775

 

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Liquid Crystal Polymers are partially crystalline aromatic polyesters based on p-hydroxybenzoic acid and related monomers. LCPs form areas of highly ordered structures when in the liquid phase but the degree of order is less than that of a regular solid crystal. LCPs have excellent properties such as they are fire resistant at high temperatures and chemically resistant in very thin walled applications. Therefore, LCPs hold immense potential for a variety of applications which depend on an optical or a mechanical response to external stimuli. The Liquid Crystal Polymer market is projected to register a CAGR of 6.0% between 2015 and 2020 to reach USD 1.2 Billion, by 2020.

Electrical & electronics segment is estimated to be the largest application of the Liquid Crystal Polymer market. Medical segment is projected to grow at the highest rate in LCPs market between 2015 and 2020. The rising demand for LCPs from end-user industries such as electrical & electronics, consumer goods, automotive, lighting, medical, and others are expected to drive the market. Furthermore, the superior properties of LCPs and increasing engineering resin substitutes for ultra-thin components drive the market for LCP’s. The higher costs of LCPs and high warpage & low warp strength are expected to act as restraints for the market.

LAPEROS LCP by Polyplastics (Japan), SUMIKASUPER LCP by Sumitomo Chemical (Japan), XYDAR LCP by Solvay S.A. (Belgium) and Vectra/Zenite by Celanese Corporation (U.S) and SIVERAS LCP by Toray international (Japan) are few of the major brands which are expected to dominate the market within the forecasted period. These brands are focusing on strategies like expansion and new product growth to strengthen their hold in the Liquid Crystal Polymer market.

This report estimates the LCPs market for 2015, and projects its expected market size till 2020. It also provides a detailed qualitative and quantitative analysis of the market. Various secondary sources, such as encyclopedia, directories, and databases are used to identify and collect information that is useful for this extensive commercial study. The primary sources experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of the market.

Competitive scenarios of the top players in the Liquid Crystal Polymer market have been discussed in detail. We have also profiled the leading players of this industry with their recent developments and other strategic industry activities. These top companies include Polyplastics Co., Ltd (Japan), Celanese Corporation (U.S.), Sumitomo Chemical (Japan), Solvay S.A. (Belgium), Toray International, Inc. (Japan), Ueno Fine Chemicals Industry Ltd. (Japan), Shanghai PRET Composites Co., Ltd (Japan), among others.

Scope of the Report

This research report categorizes the global market for Liquid Crystal Polymers on the basis of application, and region along with forecasting volume, value, and analyzing trends in each of the submarkets.

On the basis of application: The market is segmented on the basis of application, such as electrical & electronics applications, consumer goods, automotive, lightning, medical, and others. Each application is further described in detail in the report with volume and value forecasts.

On the basis of brands: The market is segmented on the basis of application, such as LAPEROS LCP, SUMIKASUPER LCP, Vectra/Zenite LCP, SIVERAS LCP, XYDAR LCP, and others. The share of each brand is further described in the report.

On the basis of region: Regional level segmentation is carried out for Liquid Crystal Polymer market; it includes North America, Asia-Pacific, Europe, and RoW, and further for key countries in each region.

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency and Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Industry Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Market Opportunities for Liquid Crystal Polymer Manufacturers
    4.2 Liquid Crystal Polymer Market Growing at A Fast Pace
    4.3 Liquid Crystal Polymer  Market Attractiveness
    4.4 Market Attractiveness, By Region
    4.5 Lifecycle Analysis

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Region
           5.2.2 By Application
           5.2.3 By Brands
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Superior Properties of LCPS
                    5.3.1.2 Growth of the Electrical & Electronics Industry
                    5.3.1.3 Increasing Engineering Resin Substitute for Ultra-Thin Components
                    5.3.1.4 Increasing Demand for Lightweight, High Performance Materials From the Automotive Industry
           5.3.2 Restraints
                    5.3.2.1 High Cost of LCPS
                    5.3.2.2 Warpage and Low-Weld Strength
           5.3.3 Opportunities
                    5.3.3.1 Growth Potential in Consumer Goods and Medical Applications

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Value-Chain Analysis
    6.3 Porter’s Five Forces Analysis
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry

7  Liquid Crystal Polymer Market, By Application (Page No. - 48)
    7.1 Introduction
    7.2 Electrical & Electronics
           7.2.1 Asia-Pacific to Be the Key Driver for Electrical & Electronics Application
    7.3 Consumer Goods
           7.3.1 Liquid Crystal Polymer are Finding New Application Fields in Consumer Goods
    7.4 Automotive
           7.4.1 Asia-Pacific Holds Immense Potential for Automotive Application of Liquid Crystal Polymer
    7.5 Lighting
           7.5.1 Asia-Pacific to Be the Potential Market for Lighting Application of Liquid Crystal Polymer
    7.6 Medical
           7.6.1 Asia-Pacific and North America to Offer Big Potential for Medical Application of LCPS
    7.7 Others
           7.7.1 Asia-Pacific Projected to Lead the Market for Other Applications

8 Liquid Crystal Polymer Market, By Brands (Page No. - 65)
    8.1 Introduction
    8.2 Laperos LCP (Polyplastics)
    8.3 Vectra/Zenite LCP (Celanese)
    8.4 Sumikasuper LCP (Sumitomo Chemical)
    8.5 Xydar LCP (Solvay)
    8.6 Siveras LCP Resin (Toray)
    8.7 Others

9 Regional Analysis (Page No. - 75)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 China
           9.2.2 Japan
           9.2.3 South Korea
           9.2.4 Rest of Asia-Pacific
    9.3 North America
           9.3.1 U.S.
           9.3.2 Rest of North America
    9.4 Europe
           9.4.1 Germany
           9.4.2 U.K.
           9.4.3 France
           9.4.4 Rest of Europe
    9.5 RoW
    9.6 Latin America
    9.7 Middle East & Africa

10 Competitive Landscape (Page No. - 102)
     10.1 Overview
     10.2 New Product Development: the Most Popular Growth Strategy
     10.3 Maximum Developments in 2012
     10.4 Polyplastics Co., Ltd.: the Topmost Player
     10.5 Competitive Situation & Trends
             10.5.1 New Product Launch
             10.5.2 Expansion
             10.5.3 Contract & Agreements
             10.5.4 Mergers & Acquisitions

11 Company Profiles (Page No. - 108)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Introduction
     11.2 Polyplastics Co., Ltd.
     11.3 Solvay SA
     11.4 Celanese Corporation
     11.5 Sumitomo Chemical Company Limited
     11.6 Toray International, Inc.
     11.7 Shanghai Pret Composites Co., Ltd.
     11.8 Ueno Fine Chemicals Industry Limited
     11.9 Polyone Corporation

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 125)
     12.1 Discussion Guide
     12.2 Introducing RT: Real Time Market Intelligence
     12.3 Available Customizations
     12.4 Related Reports


List of Tables (70 Tables)

Table 1 Market for Liquid Crystal Polymer Expected to Register High Growth Between 2015 and 2020
Table 2 Increasing Demand for Rapid Miniaturization is Boosting the Market
Table 3 High Cost and Warpage Concerns are Restraining the Growth of Market
Table 4 Liquid Crystal Polymer Market Size in Electrical & Electronics, By Region, 2013-2020 (Tons)
Table 5 Liquid Crystal Polymer Market Size in Electrical & Electronics, By Region, 2013-2020 (USD Million)
Table 6 Market Size in Consumer Goods, By Region, 2013-2020 (Tons)
Table 7 Market Size in Consumer Goods, By Region, 2013-2020 (USD Million)
Table 8 Market Size in Automotive, By Region, 2013-2020 (Tons)
Table 9 Market Size in Automotive, By Region, 2013-2020 (USD Million)
Table 10 Market Size in Lightning, By Region, 2013-2020 (Tons)
Table 11 Market Size in Lightning, By Region, 2013-2020 (USD Million)
Table 12 Market Size in Medical, By Region, 2013-2020 (Tons)
Table 13 Market Size in Medical, By Region, 2013-2020 (USD Million)
Table 14 Market Size in Other Application, By Region, 2013-2020 (Tons)
Table 15 Market Size in Other Application, By Region, 2013-2020 (USD Million)
Table 16 Market Size By Brand, 2013–2020 (Tons)
Table 17 Market Size, By Brand, 2013–2020 (USD Million)
Table 18 Laperos LCPs Market Size, By Region, 2013–2020 (Tons)
Table 19 Laperos Liquid Crystal Polymer Market Size, By Region, 2013–2020 (USD Million)
Table 20 Vectra/Zenite LCPs Market Size, By Region, 2013–2020 (Tons)
Table 21 Vectra/Zenite LCPs Market Size, By Region, 2013–2020 (USD Million)
Table 22 Sumikasuper Liquid Crystal Polymer  Market, By Region, 2013–2020 (Tons)
Table 23 Sumikasuper LCPs Market By Region, 2013–2020 (USD Million)
Table 24 Xydar LCPs Market, By Region, 2013–2020 (Tons)
Table 25 Xydar LCPs Market, By Region, 2013–2020 (USD Million)
Table 26 Siveras LCPs Market, By Region, 2013–2020 (Tons)
Table 27 Siveras LCPs Market, By Region, 2013–2020 (USD Million)
Table 28 Other Brands Liquid Crystal Polymer Market, By Region, 2013–2020 (Tons)
Table 29 Other Brands Liquid Crystal Polymer  Market By Region, 2013–2020 (USD Million)
Table 30 Market Size, By Region, 2013–2020 (Ton)
Table 31 Market Size, By Region, 2013–2020 (USD Million)
Table 32 Increasing Demand in Asia-Pacific
Table 33 Asia-Pacific: Liquid Crystal Polymer Market Size, By Country, 2013–2020 (Ton)
Table 34 Asia-Pacific: Market Size, By Country, 2013–2020(USD Million)
Table 35 Asia-Pacific: Market Size, By Application, 2013–2020 (Ton)
Table 36 Asia-Pacific: Market Size, By Application, 2013–2020 (USD Million)
Table 37 China: Market Size, By Application, 2013–2020 (Ton)
Table 38 China: Market Size, By Application, 2013–2020 (USD Million)
Table 39 Japan: Market Size, By Application, 2013–2020 (Ton)
Table 40 Japan: Liquid Crystal Polymer Market Size, By Application, 2013–2020 (USD Million)
Table 41 South Korea: Market Size, By Application, 2013–2020 (Ton)
Table 42 South Korea: Market Size, By Application, 2013–2020 (USD Million)
Table 43 North America: Market Size, By Country, 2013–2020 (Ton)
Table 44 North America: Liquid Crystal Polymer  Market Size, By Country, 2013–2020 (USD Million)
Table 45 North America: Market Size, By Application, 2013–2020 (Ton)
Table 46 North America: Liquid Crystal Polymer Market Size, By Application, 2013–2020 (USD Million)
Table 47 U.S.: Market Size, By Application, 2013–2020 (Ton)
Table 48 U.S.: Market Size, By Application, 2013–2020 (USD Million)
Table 49 Europe: Market Size, By Country, 2013–2020 (Ton)
Table 50 Europe: Liquid Crystal Polymer Market Size, By Country, 2013–2020 (USD Million)
Table 51 Europe: Market Size, By Application, 2013–2020 (Ton)
Table 52 Europe: Market Size, By Application, 2013–2020 (USD Million)
Table 53 Germany: Market Size, By Application, 2013–2020 (Ton)
Table 54 Germany: Market Size, By Application, 2013–2020(USD Million)
Table 55 U.K.: Market Size, By Application, 2013–2020 (Ton)
Table 56 U.K.: Market Size, By Application, 2013–2020 (USD Million)
Table 57 France: Market Size, By Application, 2013–2020 (Ton)
Table 58 France: Market Size, By Application, 2013–2020(USD Million)
Table 59 RoW: Liquid Crystal Polymer Market Size, By Region, 2013–2020 (Ton)
Table 60 RoW: Market Size, By Region, 2013–2020 (USD Million)
Table 61 RoW: Liquid Crystal Polymer  Market Size, By Application, 2013–2020 (Ton)
Table 62 RoW: Market Size, By Application, 2013–2020 (USD Million)
Table 63 Latin America: Market Size, By Application, 2013–2020 (Ton)
Table 64 Latin America: Market Size, By Application, 2013–2020 (USD Million)
Table 65 Middle East & Africa: Market Size, By Application, 2013–2020 (Ton)
Table 66 Middle East & Africa: Market Size, By Application, 2013–2020 (USD Million)
Table 67 New Product Launch, 2011–2015
Table 68 Expansion, 2011–2015
Table 69 Contract & Agreements, 2011–2015
Table 70 Acquisition, 2011–2015


List of Figures (60 Figures)

Figure 1 Liquid Crystal Polymer Market, Research Design
Figure 2 Key Insights
Figure 3 Breakdown of Primary Interviews, By Company Type, Designation  & Region
Figure 4 Liquid Crystal Polymer Market Size Estimation: Bottom-Up Approach
Figure 5 Market Size Estimation: Top-Down Approach
Figure 6 Liquid Crystal Polymer  Market: Data Triangulation
Figure 7 Electrical & Electronics Dominates the Liquid Crystal Polymer Market
Figure 8 Medical Application to Be the Fastest-Growing Segment
Figure 9 Asia-Pacific is Estimated to Be the Largest Market Share in Value, 2015–2020
Figure 10 Attractive Opportunities in the LCPS Market
Figure 11 Liquid Crystal Polymers: Rapid Growth Expected Between 2015 and 2020
Figure 12 Asia-Pacific to Boost the Demand for Liquid Crystal Polymer Between 2015 and 2020
Figure 13 Asia-Pacific Driving the Growth of Liquid Crystal Polymer Market
Figure 14 North America and Europe are the Mature Markets for Liquid Crystal Polymers
Figure 15 China is the Largest Market for Liquid Crystal Polymers in Asia-Pacific
Figure 16 Liquid Crystal Polymer Market, By Region
Figure 17 LCPS Market, By Application
Figure 18 LCPS Market, By Brands
Figure 19 Overview of the Forces Governing the LCPS Market
Figure 20 Value-Chain Analysis for High-Performance Insulation Materials: Raw Material Accounts for the Major Value Addition
Figure 21 Liquid Crystal Polymer: Breakdown of Application
Figure 22 Liquid Crystal Polymer Market to Witness High Demand for Electrical & Electronics Application
Figure 23 Electrical & Electronics to Register the Highest Growth in Market Size (Value), 2015-2020
Figure 24 Electrical & Electronics Segment to Witness Second Highest Growth in Asia-Pacific (2015 vs 2020)
Figure 25 Asia-Pacific Projected to Account for the Largest Market Share for Electrical & Electronics, in Terms of Value By 2020
Figure 26 Asia-Pacific: Projected to Account for the Highest Market Share By 2020, in Terms of Volume
Figure 27 Rest of the World and Asia-Pacific Driving the Growth in the Consumer Goods Application Between 2015 and 2020, in Terms of Value
Figure 28 Asia-Pacific Projected to Be the Largest Market for Automative Application By 2020
Figure 29 Highest Value Growth for Automotive Application to Be Registered By Asia-Pacific and Rest of the World (2015 vs 2020)
Figure 30 Asia-Pacific Projected to Register the Second Highest CAGR in Lighting Application of Liquid Crystal Polymers Between 2015 & 2020
Figure 31 Highest Value Growth for Lighting Application to Be Registered By Asia-Pacific and Rest of the World (2015 vs 2020)
Figure 32 Asia-Pacific Projected to Register the Second Highest CAGR in Medical Application of Liquid Crystal Polymers Between 2015 & 2020
Figure 33 Highest Value Growth for Medical Application to Be Registered By Rest of the World (2015 vs 2020)
Figure 34 Asia-Pacific: Projected to Account for the Highest Market Share By 2020 in Terms of Volume
Figure 35 Highest Value Growth for Other Application to Be Registered By Rest of the World (2015 vs 2020)
Figure 36 Laperos Brand to Be the Largest Brand By Market Share for Liquid Crystal Polymer Market in 2020.
Figure 37 Vectra/Zenite Brand to Register the Second-Highest Growth, By Value, 2015–2020
Figure 38 Asia-Pacific to Witness the Highest Growth in the Liquid Crystal Polymer  Market (2015 vs 2020)
Figure 39 Asia-Pacific and Rest of World is Projected to Emerge as the Fastest-Growing Liquid Crystal Polymer Market, 2015–2020
Figure 40 Latin America is the Fastest-Growing Market in the Liquid Crystal Polymer  Market
Figure 41 Asia Pacific to Dominate the Liquid Crystal Polymer Market (2015 vs 2020)
Figure 42 China is the Leading Market, Followed By Japan for Liquid Crystal Polymers in Asia-Pacific, 2015
Figure 43 China: Largest Market for Liquid Crystal Polymers, 2015 vs 2020
Figure 44 Germany is the Leading Liquid Crystal Polymer Market in Europe for the Year 2015
Figure 45 Germany: Largest Market for LCPS in Europe, 2015 vs 2020
Figure 46 Companies Primarily Adopted Organic Growth Strategies
Figure 47 Key Growth Strategies in Liquid Crystal Polymer Market, 2011–2015
Figure 48 Liquid Crystal Polymer Market Developmental Share, 2011–2015
Figure 49 Growth Strategies, By Company, 2011–2015
Figure 50 Market Penetration of Leading Companies , By Region
Figure 51 Polyplastics Co., Ltd.: Company Snapshot
Figure 52 Polyplastics Co., Ltd.: SWOT Analysis
Figure 53 Solvay SA: Company Snapshot
Figure 54 Solvay SA: SWOT Analysis
Figure 55 Celanese Corporation: Company Snapshot
Figure 56 Celanese Corporation: SWOT Analysis
Figure 57 Sumitomo Chemical Company Limited: Company Snapshot
Figure 58 Sumitomo Chemicals Company Limited: SWOT Analysis
Figure 59 Toray International Inc.: SWOT Analysis
Figure 60 Polyone Chemicals: Company Snapshot

The global Liquid Crystal Polymer market is driven by the increased demand form the end-user industries such as electrical & electronics, consumer goods, automotive, lighting, and medical, among others. Asia-Pacific is estimated to register the highest growth for the LCPs owing to its growing economy and rapidly expanding manufacturing base

The market is projected to register a CAGR of 6.0% between 2015 and 2020 to reach USD 1.2 Billion, by 2020.

The market is segmented by application and region. This market can be classified into six key segments, on the basis of application - electrical & electronics, consumer goods, automotive, lighting, medical, and others. Electrical & electronics emerged as the leading application segment and accounted for 69.20% of total market volume in 2014. Growing engineering resins demand for manufacturing ultra-thin electrical components is expected to remain a key driving factor for this segment. Liquid Crystal Polymer exceptional combination of high temperature resistance, high stiffness, and high flow makes them particularly well suited to the growing trend of miniaturization in the electrical & electronics industry and the increasing acceptance in microinjection molding. Applications such as connectors with high pin density have been driving the notable growth in LCPs consumption.

The Asia-Pacific region is projected to register the highest growth in the Liquid Crystal Polymer market between 2015 and 2020. The growing end-user industry is the key driver of the market in the region. China was the leading regional market and accounted for 70.10% of total Asia-Pacific market volume in 2014. China is expected to continue its dominance over during the forecast period owing to the rapid expansion of electrical & electronics industry in the country. Other Asia-Pacific countries such as Japan, South Korea, India, and Taiwan are also anticipated to witness steady growth during the study period. On the flip side, North America and Europe are projected to witness a moderate growth during the forecast period due to shifting of end-user manufacturing base such as electrical & electronics and consumer goods in the Asia-Pacific region. However, shift in trend towards adoption of lightweight, high performance materials from automotive industry particularly in the North America and Europe is expected to drive the Liquid Crystal Polymer market in the aforementioned regions.

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