The liquid crystal polymer (LCP) Films and laminates market is witnessing massive traction on a global level. Widespread applications of LCP materials are a key driving force behind the growth of the market. LCP films laminates are extensively consumed in industries such as electrical electronics, automotive transportation, packaging, medical devices, and other industries.

However, the electrical and electronics industry is the largest consumer of LCP films, due to their excellent electrical mechanical properties such as low dielectric constant, high moisture barriers, controllable thermal coefficient of expansion, and high-frequency non-halogen flame-retardant characteristics. Due to their excellent dielectric and low moisture absorption properties of LCP films are suitable for a multilayer stack up process. 

The demand for the Printed Circuit Board (PCB) is rising continually due to the high-speed transmission devices required in smartphones, automotive, and electronic devices. LCP films are used in the manufacturing of flexible circuits, whereas LCP laminates are used in the production of rigid printed PCB. The market needs of high-frequency PCB material, which is expected to grow with 5G technologies, push the growth of the market.

Market Research Future (MRFR) releases a statement saying the global liquid crystal polymer films (LCP) and laminates market size is projected to grow at a 5.85% CAGR during the forecast period (2016 – 2023). Also, in its recent industry analysis, MRFR states that the valuation of LCP films laminates market would climb up to USD 162,116.7 MN by 2023 from USD 115,912 MN in 2017.

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  The increasing demand for LCP films laminates in the burgeoning automotive and electrical electronics industry fosters the market growth, predominantly. Besides, the widening scope of LCP films laminates applications is estimated to create new growth opportunities for market players. On the other hand, the high cost and low-weld properties of LCP are anticipated to act as a growth impeding factor for the market growth during the forecast period.

Also, the intricacy in metal adhesion during the formation of laminates acts as a major challenge for the manufacturers. To meet the market needs for 5G high-speed communication, crystal polymer films (LCP) and laminates, market manufacturers are continuously trying to increase their production capacity.

Market Research Future (MRFR) recognizes the following companies as the key players in the global liquid crystal polymer films and laminates market: 

• Solvay SA
• Polyplastics Co. Ltd.
• Celanese Corporation
• Rogers Corporation
• Asia International Enterprise (HK) Limited
• RTP Company
• Kuraray Co. Ltd
• Sumitomo Chemical Company
• Shanghai PRET Composites Co., Ltd
• PolyOne Corporation. 

Segmental Analysis

The segmental review of liquid crystal polymer films and laminates market has been conducted on the basis of type, applications, and region. On the basis of type, the liquid crystal polymer films and laminates market has been segmented into LCP Laminates and LCP films. The LCP films segment is responsible for the principal share of 66.3% by value in 2017 owing to their extensive use autonomously as well as to form laminates. The segmentation of the liquid crystal polymer films and laminates market based on application comprises of automotive and transportation, electrical and electronics, medical devices, packaging, and others. The electrical and electronics segment was credited for the key share by value in 2017. The segment was estimated at USD 91502.7 thousand in 2017. Based on the regions, the liquid crystal polymer films and laminates market comprises of Asia Pacific, Latin America, The Middle East, North America, Africa, and Europe.

Detailed Regional Analysis   

The regional examination of the liquid crystal polymer films and laminates market comprises of regions namely Asia Pacific, Latin America, The Middle East, North America, Africa, and Europe. As per the analysis, the Asia Pacific region controlled the principal market portion of 57.1% in 2017 owing to speedy industrialization in the region. The regional market was appraised at USD 66,205.1 thousand in 2017 and is projected to show a CAGR of 6.06% to accomplish USD 93,717.5 thousand in earnings by the end of 2023. The APAC region is anticipated to be trailed by the North American and European region.

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 Key Findings of the Study:

• The global liquid crystal polymer films and laminates market was valued at USD 115,912.0 thousand in 2017 and is projected to register a CAGR of 5.85%.
• Based on type, the LCD films segment held the largest share of 66.3% in 2017. The segment is expected to exhibit a CAGR of 6.27% to reach USD 110,072.7 thousand.
• By application, the electrical and electronics is estimated to be the largest segment of the global liquid crystal polymer films and laminates market the segment is expected to register a CAGR of 6.21% to reach USD 123,655.0 thousand by the end of 2023.
• Asia-Pacific accounted for the largest market share of 57.1% in 2017. 

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