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
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Liquid Crystal Polymer Films and Laminates Market size is estimated at USD 189.1 million in 2024 and is expected to cross USD 470.4 million by the end of 2037, growing at a CAGR of 7.2% during the forecast period, i.e. 2025-2037.
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.
Author Credits: Rajrani Baghel
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