DUBLIN, Nov. 31, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/bjrqk3/liquid_crystal) has announced the addition of the "Liquid Crystal Polymer Market - Global Forecasts to 2020" report to their offering.
The global Liquid Crystal Polymer market is driven by the increased demand form the end-user industries such as electrical & electronics, consumer goods, automotive, lighting, and medical, among others. Asia-Pacific is estimated to register the highest growth for the LCPs owing to its growing economy and rapidly expanding manufacturing base
The market is projected to register a CAGR of 6.0% between 2015 and 2020 to reach USD 1.2 Billion, by 2020.
The market is segmented by application and region. This market can be classified into six key segments, on the basis of application - electrical & electronics, consumer goods, automotive, lighting, medical, and others. Electrical & electronics emerged as the leading application segment and accounted for 69.20% of total market volume in 2014.
Growing engineering resins demand for manufacturing ultra-thin electrical components is expected to remain a key driving factor for this segment. Liquid Crystal Polymer exceptional combination of high temperature resistance, high stiffness, and high flow makes them particularly well suited to the growing trend of miniaturization in the electrical & electronics industry and the increasing acceptance in microinjection molding. Applications such as connectors with high pin density have been driving the notable growth in LCPs consumption.
The Asia-Pacific region is projected to register the highest growth in the Liquid Crystal Polymer market between 2015 and 2020. The growing end-user industry is the key driver of the market in the region. China was the leading regional market and accounted for 70.10% of total Asia-Pacific market volume in 2014. China is expected to continue its dominance over during the forecast period owing to the rapid expansion of electrical & electronics industry in the country. Other Asia-Pacific countries such as Japan, South Korea, India, and Taiwan are also anticipated to witness steady growth during the study period.
On the flip side, North America and Europe are projected to witness a moderate growth during the forecast period due to shifting of end-user manufacturing base such as electrical & electronics and consumer goods in the Asia-Pacific region. However, shift in trend towards adoption of lightweight, high performance materials from automotive industry particularly in the North America and Europe is expected to drive the Liquid Crystal Polymer market in the aforementioned regions.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Liquid Crystal Polymer Market, By Application
8 Liquid Crystal Polymer Market, By Brands
9 Regional Analysis
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/bjrqk3/liquid_crystal
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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