Market Overview

The market for liquid crystal polymer (LCP) includes a high-performance engineering plastic that possess combined properties of conventional liquids and solid crystals. Liquid crystal polymer is a variant of partially crystalline aromatic polyester based on p-hydroxybenzoic acid (HBA) and other related monomers. Owing to the different chemical structure of LCPs as compared to conventional polyester polymers, they have highly ordered structures in melt state and less ordered in regular solid crystals. They exhibit a semi rigid, nearly linear, stacked orientation of molecules which stay highly ordered even in the liquid crystal phase. The high melt flow of the resin and its fast setup permits liquid crystal polymer to be molded into large, heavy walled parts as well as thin walled components. The thermal stability of liquid crystal polymer efficient use of re-grind. LCP are recyclable and can be used for energy recovery.

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Market Dynamics

The global liquid crystal polymer market is expected to witness significant growth during the forecast period (2017-2023) owing to the increasing demand for miniaturized electronic components such as connectors and surface mount devices. Device or product miniaturization allows manufacturers for streamlining devices to incorporate more and more features in to smaller packages. Based on application, electrical and electronics are expected to be the leading segment in the global liquid crystal polymer market during the forecast period.

Trends

In the recent years, the liquid crystal polymer market witnessed an increasing shift towards miniaturization of electronic and electrical components such as SMT connectors with high density of pin, surface mounting devices and other microelectronic devices. This has considerably led to the widespread adoption of LCPs across the globe and is expected to witness same trend during the forecast period.

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Growth Drivers

Rising demand for high performance and lightweight materials from the automobile industry to improve the fuel efficiency and reduce carbon emissions is expected to drive the global liquid crystal polymer market during the forecast period. Moreover, the increasing shift towards the micro injection molding is expected to further spur the growth of the global liquid crystal polymer market. Thin wall designs pose as a threat during injection molding of micro-connectors for devices such as computers, laptops, tablets, robots and satellites. 

Growth Restraints

The high cost coupled with their low bonding strength are the major factors hampering the growth of the liquid crystal polymer market during the forecast period.  

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