Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,328.5 Million | USD 2,143.5 Million | 4.5% | 2021 |
FrequentlyAsked Questions
Throughout the projection period, the rapid downsizing of electronic components like connectors and surface mount devices is anticipated to continue to be a major market-driving factor. LCP's promise of denser component packaging and greater fabrication temperature is also anticipated to positively impact market expansion.
According to the report, the global liquid crystalline polymers (LCP) market size was worth USD 1,328.5 million in 2021 and is estimated to grow to USD 2,143.5 million by 2028, along a compound annual growth rate (CAGR) of roughly 8.3 percent over the forecast period.
The fast growth of the electrical and electronics industry is what is driving the liquid crystal polymers market in the Asia Pacific. It is anticipated that the demand for liquid crystal polymers from various applications in the Asia Pacific will continue to be driven by rising local demand and reasonably priced manufacturing facilities.
Some of the main competitors dominating the global liquid crystalline polymers (LCP) market include- Asia International Enterprise (HK) Limited, Celanese Corporation, Kuraray Co. Ltd, PolyOne Corporation, Polyplastics Co. Ltd., RTP Company, Rogers Corporation, Solvay SA, Sumitomo Chemicals Co. Ltd., Shanghai Pret Composites Co. Ltd., Ueno Fine Chemicals Industry Limited, and Toray Industries Inc.
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