Hexa Research Inc. Industry Research,Custom Research & Consulting Liquid Crystal Polymer (LCP) Market Analysis, Share, Regional Outlook, Industry Trends, Competitive Strategies And Segment Forecast, 2012 To 2020 Industry Overview Global liquid crystal polymer (LCP) market size is expected to reach 81.7 kilo tons by 2020, growing at a CAGR of 8.6% from 2014 to 2020. Increasing demand for miniaturized electronic components such as connectors and surface mount devices is expected to drive market growth over the next six years. Device or product miniaturization allows manufacturers for streamlining devices to incorporate more and more features in to smaller packages. Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/liquid-crystal-polymer-market/ Global increase in consumer electronics demand such as laptops, tablets, and cellular phones is expected to fuel liquid crystal polymer market growth over the forecast period. Electronics devices shipments, which include Personal Computers (PC), ultra-mobiles, tablets, and cell phones was 2.22 Hexa Research Inc. Industry Research,Custom Research & Consulting billion units in 2012, and is expected to reach 2.6 billion units by 2015. Tablet and cell phones market is expected to witness an increase in demand in contrast to PCs over the forecast period. Increasing micro injection molding demand coupled with high-temperature resistance and flow properties are expected to drive demand. Thin wall designs pose challenges during injection molding of micro-connectors for devices such as computers, laptops, tablets, robots, and satellites. LCP possesses properties such as excellent insulation, high fluidity, high heat tolerance, chemical resistance, dimensional stability, flatness, and high stiffness. LCP is preferred for manufacturing ultra-thin components up to 0.1mm over other engineering resins such as polyphenylene sulfide (PPS), polycyclohexylenedimethylene terephthalate (PCT), and polyphthalamide (PPA) and nylon 46. In comparison to LCP, these engineering resins take longer manufacturing cycles and can produce components restricted to 0.25mm thickness. Increasing demand for lightweight and high-performance material in order to improve automobile fuelefficiency is expected to drive demand. Automobile weight reduction is witnessed as a priority in automobile industry as it lowers carbon footprints into the atmosphere. Stringent environmental regulations in regions of North America and Europe result in lower CO2 emissions. Reducing vehicle weight by 450 kg enables an average weight reduction of 40g of CO2 and increases fuelefficiency by 8-12%. It is extensively used for under the hood sensors and controllers in automobiles. LCP along with heat resistance properties also attributes chemical resistance required to stand up against mixed gasoline-alcohol fuels and corrosive fumes. Factors related to low-weld strength and warpage are anticipated to restrict industry participant’s growth. Increase in investments in technology for developing products used in niche applications is expected to open up new growth avenues for industry participants. Request A Sample copy of This Report @ http://www.hexaresearch.com/sample/291 Application Overview Electrical and electronics applications were valued over USD 500 million in 2013. This application is expected to grow at significant growth rates over the forecast period owing to manufacturing electrical components with high-pin density which includes connectors. Hexa Research Inc. Industry Research,Custom Research & Consulting It is also used for manufacturing electrical components such as NASA’s electronic components for satellite, LEDs, high-density circuit board for missile & weaponry, high-speed digital circuit packaging board. Browse All Plastics, Polymers & Resins Industry Research Related Reports @ http://www.hexaresearch.com/research-category/plastics-polymers-and-resins-industry/ Industrial machinery was the second largest application and accounted for over 6% of the total demand in 2013. Automotive application accounted for over 5% of the total volume in 2013 and is expected to grow at a CAGR of 6.8% from 2014 to 2020. Increasing application scope in growing automobile production is expected to drive the demand. Regional Overview China liquid crystal polymer market revenue was estimated at over USD 300 million in 2013. Presence of large number of multi-scale electronics & electrical industry is expected to consume high volume of LCP over the forecast period. Rest of Asia Pacific (RoAPAC) countries such as India, Indonesia, South Korea and Thailand are expected to witness gains at over 9% over the forecast period. RoAPAC is expected to grow owing to increase in consumers electronics & automobile demand coupled with increasing middle class disposable income. North America liquid crystal polymer market accounted for over 20% of the total demand in 2013 and is expected to grow at moderate growth rates at a CAGR of over 8% from 2014 to 2020. Competitive Market Share The global liquid crystal polymer market share is highly consolidated, with the top four companies accounting over 85% of the total volume in 2013. Industry participants are expected to increase LCP production capacity over the forecast period owing to growing electronics and automotive components demand. Celanese Corporation emerged as the leading company in the global market and accounted for over 30% of the total volume in 2013. Polyplastics, a joint venture between Daicel Corporation and Celanese Corporation accounted for over 25% of the total volume in 2013. Hexa Research Inc. Industry Research,Custom Research & Consulting Sumitomo Chemical and Solvay S.A together accounted for a significant chunk of the industry in 2013. Other companies include Toray International, Inc., Shanghai PRET Composites Co., Ltd, Samsung Fine Chemicals and Ueno Fine Chemicals. Browse Full Report @ http://www.hexaresearch.com/research-report/liquid-crystal-polymer-market/ About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Information: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blogs: http://hexaresearchinc.blogspot.com/
Global liquid crystal polymer (LCP) market size is expected to reach 81.7 kilo tons by 2020, growing at a CAGR of 8.6% from 2014 to 2020.
© Copyright 2024 Paperzz
