Global Liquid Crystal Polymers Market 2017-2021
About Liquid Crystal Polymers
Liquid crystal polymer (LCP) is a class of aromatic thermoplastics that depicts a high degree of anisotropy in both solid and liquid crystal phases. Some of the commonly used LCPs are polyethylene terephthalate (PET) co-polyester, co-polyamide, and polyester-amide.
Liquid crystal is of two types: Thermotropic and lyotropic. The thermotropic liquid crystal changes phase as the temperature changes. An example of a thermotropic liquid crystal is aromatic polyesters. In the case of lyotropic liquid crystals, a phase transition occurs as a function of concentration and temperature.
Technavio’s analysts forecast the global liquid crystal polymers market to grow at a CAGR of 5.98% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global liquid crystal polymers market for 2017-2021. To calculate the market size, the report considers the sales generated for LCPs in key end-user such as electrical and electronics, consumer goods, lighting, automotive, medical applications, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Liquid Crystal Polymers Market 2017-2021
Technavio recognizes the following companies as the key players in the global liquid crystal polymers market: Celanese Corporation, Solvay, Sumitomo Chemical, TORAY INDUSTRIES, and UENO FINE CHEMICALS INDUSTRY.
Other Prominent Vendors in the market are: DIC Corporation, Evonik Industries, Polyplastics, RTP Company, and Unitika.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing investment in fabs. To stay competitive in the market, LCD panel manufacturers, such as AUO, BOE, China Star, CEC Panda, Samsung Display, and LG Display are investing in new fabrication facilities to expand their existing fabs production capacity. The majority of the manufacturers are emphasizing on building fabs Gen 8, which is the best generation line for TFT LCD.”
According to the report, one of the major drivers for this market is Technological advancement and increasing demand for LCDs. The display industry is dynamic and characterized by changing consumer behavior. Therefore, display manufacturers continue to innovate and develop various technologies and products, such as display panels with in-plane switching (IPS) technology and quantum dots LCD displays. The light source for conventional LCD displays includes a cold-cathode fluorescent lamp (CCFL). The rise in demand for high-resolution displays for supporting high-bandwidth digital content drives the manufacturers toward next generation technologies.
Further, the report states that one of the major factors hindering the growth of this market is Currency fluctuations. The major vendors of the LCP market are from China, Japan, South Korea, and Taiwan. The end users are from Japan, China, South Korea, Taiwan, and few in the US. When offshore sales contribute a major part to the revenue, exchange rate and currency fluctuations could have a high impact on it and the profit margin.
Celanese Corporation, Solvay, Sumitomo Chemical, TORAY INDUSTRIES, UENO FINE CHEMICALS INDUSTRY, DIC Corporation, Evonik Industries, Polyplastics, RTP Company, and Unitika.