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Liquid Crystal Polymer Market is Anticipated to Reach a Valuation of US$ 2 Bn by 2031 End

Liquid Crystal Polymer Market

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As per Fact.MR – a market research and competitive intelligence provider, the global market for liquid crystal polymers (LCPs) is expected to grow 1.6X in value by 2031.

Growing penetration of the miniaturization trend in the electronics & electrical industry has attained all the limelight of stakeholders that are looking forward to expand their product applications. As the automotive industry continues to embrace the trend of lightweight vehicles, in line with growing demand for better performing motors and efficient fuel consumption, LCPs are emerging as a viable substitute for heavy metal components.

In a thriving automotive industry, LCPs are primarily witnessing traction for use in fuel contact components and battery components. Moreover, favourable properties of liquid crystal polymers, namely, high chemical resistance, thermal resistance, and good mechanical strength, along with benefits of light weight, continue to make them the material of choice for a wide range of applications.

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Key Takeaways from Market Study

“Increasing application of liquid crystal polymers in the automotive & electronics industry to nudge market growth over coming years,” says a Fact.MR analyst.

Winning Strategy

Several companies are investing in R&D to eliminate the risk factor associated with prevailing substitutes in the market. In light of the growing lucrativeness of the market in Asia Pacific, a number of companies have shifted their focus towards the region to squeeze higher gains.

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the liquid crystal polymer market, presenting historical market data (2016-2020) and forecast statistics for the period of 2021-2031.

The study reveals essential insights on the basis of form (resins & compounds, films, and fibers) and application (electrical & electronics, automotive, aerospace & defence, consumer goods, sports & leisure, and industrial), across major regions of the world (North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa).

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