Global Liquid Crystal Polymers Market to Reach Valuation of US$ 1,447.9 mn by 2030
The global liquid crystal polymer market was valued at $1,037.4 million in 2017 and is expected to reach $1,447.9 million by 2023, growing at a CAGR of 5.7 percent.
The electrical and electronics segment is expected to be the Liquid Crystal Polymer market's largest application. Between 2015 and 2020, the medical category is expected to develop at the fastest rate in the LCPs market. The market is likely to be driven by increased demand for LCPs from end-user sectors such as electrical & electronics, consumer goods, automotive, lighting, medical, and others. Furthermore, the market for LCPs is driven by their better characteristics and the rising availability of engineering resin alternatives for ultra-thin components. The market is projected to be restrained by rising LCP costs, as well as significant warpage and poor warp strength.
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