|Liquid Crystal Polymer Films And Laminates Market Analysis & Forecast 2022 – 2030|
Liquid Crystal Polymer Films And Laminates Market Growth & Trends
The global liquid crystal polymer films and laminates market is expected to reach USD 271.7 million by 2030, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.1% from 2022 to 2030. The increasing global demand for wearable devices coupled with the increasing use of LCP films as an alternative to polyimide films is expected to drive the global market over the forecast period.
Liquid crystal polymer exhibits a highly ordered structure in both the molten and solid states. Due to its superior strength in extreme temperature conditions and its ability to withstand virtually all chemicals, burns, weathering, and radiation, it is widely used as an alternative for various materials such as metals, composites, ceramics, and plastics.
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The LCP Films segment was the largest product segment in 2021, driven by the increasing demand from various application industries, especially the electrical and electronics industry, and the automotive industry. The expanding global automotive industry is expected to further fuel the demand for LCP films and laminates during the forecast period.
Traditionally, polyimide films have been the common substrates used to fabricate flexible circuits that meet the needs of complex electronic assemblies. Liquid crystal polymer, unlike polyimide, is a thermally stable polymer that exhibits an extremely high upper service temperature along with non-halogen flame-retardant properties. LCP-based films have strong moisture repellant properties, a lower dielectric constant, and a dissipation factor over the operating frequency range.
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Liquid Crystal Polymer Films And Laminates Market Segmentation
Grand View Research has segmented the global liquid crystal polymer films and laminates market based on the product, application, and region:
Liquid Crystal Polymer Films And Laminates Product Outlook (Volume, Tons, Revenue, USD Million, 2019 – 2030)
Liquid Crystal Polymer Films And Laminates Application Outlook (Volume, Tons, Revenue, USD Million, 2019 – 2030)
· Electrical & Electronics
· Medical Devices
List of Key Players in Liquid Crystal Polymer Films And Laminates Market
· Murata Manufacturing Co., Ltd.
· Azotek Co., Ltd.
· Panasonic Corp.
· Furukawa Electric Co., Ltd.
· Rogers Corporation
· Kuraray Co., Ltd.
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Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world’s renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
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