Liquid Crystal Polymer Films and Laminates Market ToC
26.4 Cross Analysis of Product W.R.T. Application (USD Million), 2024-2037
27.4 Cross Analysis of Product W.R.T. Application (USD Million), 2024-2037
29.4 Cross Analysis of Product W.R.T. Application (USD Million), 2024-2037
30.4 Cross Analysis of Product W.R.T. Application (USD Million), 2024-2037
31 Global Economic Scenario
32 About Research Nester
Asia Pacific Excluding Japan Market Statistics
Liquid crystal polymer films and laminates market size for Asia Pacific region is estimated to cross USD 204.1 million by 2037. This growth is attributed to high usage of LCP films and laminates in the electronics sector and rapid adoption of advanced technologies. The electronics industry in APAC has witnessed significant expansion over the recent years. LCP film laminates play a crucial role in electronic devices due to its excellent properties, high heat and chemical resistance, dimensional stability, and low moisture absorption.
Another factor boosting LCP films and laminates market growth in APEJ is that many key players are expanding their operations in APAC. For instance, in October 2021, Matrix Electronics, North America’s leading supplier of raw materials to the printed circuit market announced the expansion of Panasonic’s Felios R-F705S LCP flex product line to 5 and 6 mil thick LCP materials.
China is one of the leading markets for LCP film laminates in this region due to its robust electronics manufacturing sector and presence of leading companies in the country. These key players are investing in R&D activities to launch novel and durable products. In September 2022, Sunway Communication received the UL certification that indicates authority for the company to independently develop LCP and other high frequency products.
The liquid crystal polymer films and laminates market in India is expected to witness steady growth during the forecast period. This growth can be attributed to increasing investments in the electronics and automotive sectors, rising focus on the miniaturization of electronics, and government initiatives like “Make in India” to support the local production of electronic goods. As per a survey released by Invest India in 2o24, the current electronics market in India is valued at USD 155 billion in which local production accounts for 65%.
North America Market Analysis
The North America liquid crystal polymer films and laminates market is expected to register a rapid revenue CAGR of 7.31% between 2025 and 2037 owing to increasing demand for highly durable, advanced LCP films and laminates in the electronics and wearable devices. According to the latest survey by Health Information National Trends Survey, more than 21% of adults in the U.S. wear fitness trackers and smartwatches.
In the U.S. the market is rapidly expanding as many players are investing in R&D activities to cater to the rising demand. For instance, in September 2021, Celanese, announced the launch of Vectra MT LCP, medical grade LCP for wearable injection devices. The material properties of LCPs including low latency to flash, high accuracy, and fast processing provide significant advantages over traditional thermoplastics while processing.
Author Credits: Rajrani Baghel
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