05-Apr-17 Liquid crystals polymers are crystalline aromatic polyesters developed on the basis of structural units such as p-hydroxybenzoic acid and related monomers. The chemical structure and morphology of liquid crystal polymers differ significantly from most polyester polymers. LCPs exhibit a highly ordered structure in both the melt and solid states. LCPs offer unique benefits such as chemical resistance, fire resistance, weathering resistance and high temperature resistance, among others. Because of these unique features, LCPs can be used as a substitute or in addition with metals, ceramics, composites and plastics. In the medical equipment manufacturing sector, LCP components (such as monofilament fiber) are used as catheter reinforcement braiding as a substitute for steel and other metals. For example, Zeus Corp. has started offering LCP-based monofilament fibers as a substitute for stainless steel wires in catheter braiding.
In terms of revenue, the global LCPs market was valued at US$1.1 bln in 2015 and is expected to increase to US$1.5 bln by 2021 at a CAGR of 5.1% through 2021, as per Reportlinker. In terms of volume, the global LCPs market was valued at 84.6 kilotons in 2015 and is expected to increase to 116 kilotons by 2021 at a CAGR of 5.4% through 2021. The liquid crystal polymer market has been divided in terms of forms such as compounds and fibers, sheets and films. LCP compounds are mostly used in the semiconductor/electronics industries. Fibers, sheets and films made of LCP are used in some applications in the automotive, aerospace/defense, electronics and medical industries. In terms of revenue and volume, compounds accounted for a 64.6% and 67.1% share of the LCPs market, respectively, in 2015.
In terms of brands, the LCPs market is divided into Laperos LCP, Vectra/Zenite, Xydar, Sumikasuper and others. Both Laperos LCP and Sumikasuper have broad applications in the Asian semiconductor/electronics markets. Sumikasuper, offered by Sumitomo Chemical, mainly targets semiconductor foundries, electronics manufacturers and assemblers. In terms of revenue and volume, Laperos LCP accounted for a 22.2% and 24.7% share of the LCPs market, respectively, in 2015. The LCPs market has been divided into the following applications: semiconductor and electronics components, additives, coatings additives, composites additives and components and others. LCP-based laminates have non-semiconductor/electronics applications in the consumer goods, healthcare and construction industries. In addition, these are used in lamination of various types of sensors such as chemical, environmental, biological and temperature sensors. Due to physical characteristics, semiconductor and electronics manufacturers opt for LCP products, and applications such as coatings and additives are gaining prominence among end users in Europe and North America. In terms of revenue and volume, semiconductor/electronics components accounted for 67.6% and 63.1% share of the LCP market, respectively in 2015. This report covers North America, Europe, Asia Pacific and Rest of the World (ROW). The present market size, as well as the forecast up to 2021, has been provided in this report.
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