Download Sample
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
North America Liquid Crystal Polymer Market: By Product Type, By Application, and Country Forecast 2020-2031
North America Liquid Crystal Polymer Market: By Product Type, By Application, and Country Forecast 2020-2031
North America Liquid Crystal Polymer Market size was valued at US$ 239.8 million in 2024 and is expected to reach US$ 337.5 million by 2031, growing at a significant CAGR of 5.0% from 2025-2031. Liquid crystal polymer has an excellent mold ability in thin sections, outstanding chemical resistance, and resistance to heat which makes it a preferred contender by various manufacturers. The growing prospective in the fields of medical and home appliances is projected to bid enormous prospects for the growth of the market. The rising acceptance of LCP in user goods is also projected to propel market growth. However, the volatility of prices as compared to lead, is projected to dampen the market growth during the forecast period. The healthcare segment is expected to note a considerable CAGR. Augmented R&D programs through the practice of LCP in microelectronic and biotechnological aspects of healthcare has thereby fueled the liquid crystal polymer market.
Technological advancements have made it conceivable to produce numerous medical equipment and devices by means of LCPs. The report studies North American liquid crystal polymer market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition the market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the countries (country Investment Hot-Spots) and market unmet needs (Product Opportunities). COVID-19 has ushered in a new operating environment for the industrial and manufacturing sectors around the world. Government restrictions on the amount of individuals who can congregate in one place have had a significant impact on the industry.
For example, the virus has had a significant influence on the component manufacturing industry. The automobile, electronics, and aerospace industries have all halted manufacturing and factory activities. The majority of industries rely on China for raw material supplies. As a result, supply chain interruptions have a significant influence on industrial output. As a result of the epidemic, the world economy is declining.
The upsurge in the demand for LCP can be owed to its various properties including low maintenance cost, environment-friendliness, improved performance characteristics such as minimum absorption of moisture, high modulus strength, low thermal expansion coefficient, and high flexibility. It has a wide range of scope in various end users. Automotive segment is one of the major applications for LCP. This can be attributed to wide range of properties such as it provides high temperature ultra-wear compounds for transmission seal rings and thrust washers, electrically conductive composites intended for fuel systems, EMI RFI protection for automated inclusions, light regulating compounds for LED electronics, cellulose fiber compounds for automotive application, thermally conductive composites for LEDs in addition to other heat sink applications. Moreover, due to increased safety, reduction of weight of vehicles, and lower emissions from vehicles further augments the segment growth.
Growing prevalence of chronic and lifestyle diseases coupled with growing health concerns fueled the demand for LCP in medical industry, U.S. is expected to propel demand for in medical devices.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Market Size in 2024 |
US$ 239.8 million |
|
Market Size in 2031 |
US$ 337.5 million |
|
By Product Type |
|
|
By Application |
|
|
By Region |
|
Download Free Sample Report
North America Liquid Crystal Polymer Market size was valued at US$ 239.8 million in 2024 and is expected to reach US$ 337.5 million by 2031, growing at a significant CAGR of 5.0%.
The market Report data: (U.S., Canada)
The market key players are: Celanese Corporation, Polyplastics Co. Ltd., Solvay SA, Sumitomo Chemical Co. Ltd., Toray Industries Inc., Ueno Fine Chemicals Industry Ltd., Kuraray Co. Ltd., Shanghai PRET Composites Co. Ltd., RTP Company, Polyone Corporation
| 1. Executive Summary |
| 2. North America Liquid Crystal Polymer Market Introduction |
| 2.1. North America Liquid Crystal Polymer Market - Taxonomy |
| North America Liquid Crystal Polymer Market |
| 2.2.1.Product Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3. North America Liquid Crystal Polymer Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. North America Liquid Crystal Polymer Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. North America Liquid Crystal Polymer Market By Product Type , 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Pallets |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Sheet |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Film |
| 5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. North America Liquid Crystal Polymer Market By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. Automotive |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Electrical & electronics |
| 6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Energy |
| 6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Healthcare |
| 6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Industrial |
| 6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. North America Liquid Crystal Polymer Market By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. United States of America (USA) |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Canada |
| 7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. Competition Landscape |
| 8.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 8.2.1.Celanese Corporation, |
| 8.2.2.Polyplastics Co. Ltd., |
| 8.2.3.Solvay SA, |
| 8.2.4.Sumitomo Chemical Co. Ltd., |
| 8.2.5.Toray Industries Inc., |
| 8.2.6.Ueno Fine Chemicals Industry Ltd., |
| 8.2.7.Kuraray Co. Ltd., |
| 8.2.8.Shanghai PRET Composites Co. Ltd., |
| 8.2.9.RTP Company, |
| 8.2.10.Polyone Corporation |
| 9. Research Methodology |
| 10. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.