Fact.MR – A Market Research and Competitive Intelligence Provider: According to Fact.MR, a market research and competitive intelligence provider, the global liquid crystal polymer (LCP) market is set to reach a valuation of US$ 1.4 billion in 2023 and is anticipated to grow at a CAGR of 5.1% during the forecast period of 2023-2033.
Liquid crystal polymers are widely used in electronic displays due to their superior thermal stability, high mechanical strength, and excellent electrical properties. With the increasing demand for high-resolution and energy-efficient displays, the liquid crystal polymer market is expected to grow significantly.
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Key Takeaways from Market Study
- The global liquid crystal polymer market is expected to grow at 5.1% CAGR and reach US$ 2.3 billion by 2033
- The market witnessed a 3.8% CAGR between 2018 to 2022
- The U.S. is estimated to grow at a CAGR of 5.2% between 2023-2033
- North America is likely to represent over 1/4th of the liquid crystal polymer market share
- Europe liquid crystal polymer market is projected to grow at a CAGR of 5.0% in the forecast period
- China’s liquid crystal polymer market is set to grow at a CAGR of 5.6%
Key Companies Profiled
- Celanese Corporation
- Polyplastics Co. Ltd.,
- Solvay S.A.
- Toray International
- Ueno Pharmaceuticals
- Sumitomo Chemicals
- Shanghai PRET Composite
- SHENZHEN WOTE ADVANCED MATERIALS
- Seyang Polymer
- Kingfa Sci & Tech
- RTP
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