Liquid Crystal Polymer market projected to register CAGR of 6% until end of decade

01-Dec-15

The Liquid Crystal Polymer market is projected to register a CAGR of 6% between 2015 and 2020 to reach US$1.2 bln by 2020, as per Research and Markets. The electrical & electronics segment is estimated to be the largest application of the Liquid Crystal Polymer market. Medical segment is projected to grow at the highest rate in LCPs market between 2015 and 2020. The rising demand for LCPs from end-user industries such as electrical & electronics, consumer goods, automotive, lighting, medical, and others are expected to drive the market. Furthermore, the superior properties of LCPs and increasing engineering resin substitutes for ultra-thin components drive the market for LCPs. The higher costs of LCPs and high warpage & low warp strength are expected to act as restraints for the market. It also provides a detailed qualitative and quantitative analysis of the market. Various secondary sources, such as encyclopedia, directories, and databases are used to identify and collect information that is useful for this extensive commercial study. The primary sources experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of the market.