Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Liquid Crystal Polymer Films and Laminates Market size was valued at USD 189.1 million in 2024 and is set to exceed USD 466.9 million by 2037, expanding at over 7.20% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of liquid crystal polymer films and laminates is estimated at USD 199.99 million.
The global sales of liquid crystal polymer films and laminates have significantly increased over the recent past owing to rising demand for LCPs in 5G infrastructure. LCPs are rapidly gaining traction in 5G electronic applications such as high-frequency connectors, low-pass insulation supporters, board-to-board connectors, and dipoles on active antenna units (AAU) due to their low dielectric constants and low loss tangents that reduce the signal attenuation and inference. The growing demand for high-frequency signals in 5G networks is a key factor boosting demand for LCP films and laminates in telecommunication systems.
Flexible copper-clad LCP films play a crucial role in 5G applications including high-frequency printed circuit boards. To cater to this need Kuraray announced the expansion of its production capacity for VECSTAR in July 2020. Manufacturers in the market are expanding their operations in developing economies. This is another factor expected to boost market growth during the forecast period. For instance, Celanese Corporation in January 2021, announced its plans to build a world-scale, multiphase LCP polymerization unit in China to enhance the production of LCPs and support the growth of Zenite and Vectra LCP product lines.
