+1-888-308-5802     
News Contact Us

Liquid Crystal Polymer (LCP) Market Is Projected To Hit USD 650 million by 2024

Author : Rahul Varpe | Published Date : 2019-07-10 

Global Liquid Crystal Polymer (LCP) Market research report is added by Global market insights, inc by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.

The growing number of innovations and R&D programs across the polymer space have had a profound impact on liquid crystal polymer (LCP) market size. Pertaining to the inert and highly water-resistant characteristics of LCP, this polymer is being prominently used for encapsulation of electronics components, electronics packaging, and as a base material for neural prosthetic devices on large scale, which has led to LCP industry size being pegged at USD 375 million in 2016.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2253

Taking into account its numerous benefits, leading electronics equipment manufacturers are investing heavily in research and development activities to enhance the performance of electronic devices. For instance, the U.S. based smartphone manufacturer, Apple has upgraded its iPhone models with liquid crystal antennas, that would help improve the transmission speed of LTE data. Ongoing developments in the electronics & media industry such as the aforementioned are certain to push liquid crystal polymer industry share over the years ahead.

Moreover, LCP is one of the 3D quantum liquid crystals, which has been touted to transform the future of computers, owing to its high speed, compatibility with a micro-fabrication process, and flexibility. In addition to this, nowadays, LCP has become one of the primary components in aerospace and automotive applications, where high heat deflection is required, pertaining to its properties such as lower coefficient of thermal expansion, abrasion resistance, and high mechanical strength, which would further drive LCP industry size.

LCP’s numerous benefits stand to be one of the main driving forces of liquid crystal polymer market. On these grounds, several research institutes are taking initiatives to improve the applicability of material for space applications. Recently, the Earth Science Technology Office of NASA provided funding to numerous researchers from the Georgia Institute of Technology to evaluate LCP material electronics applications in space – a research project that would have considerable impact on liquid crystal polymer industry share.

LCP can be incorporated in several electronics circuits, as it is ultra-thin (like plastic), can even be molded in any shape, and performs well in critical temperatures and intense radiation. One of the senior research engineers at Glenn Research Center of NASA has added that on the grounds of its properties, LCP has replaced other conventional materials for manufacturing circuit boards and antennas in high-frequency applications. The growing popularity of flexible liquid crystal polymer antennas will thus have a significant impact on LCP market outlook over the years ahead.

Liquid Crystal Polymers Market, By Application

  • Electrical & Electronics
  • Automotive
  • Consumer Goods
  • Lighting
  • Medical
  • Others

 

Since the last few years, computer hardware manufacturers are continuously investing in LCP production to develop products that would prove useful in numerous end-use domains. Noctua, the Austria based computer cooling equipment manufacturer, has recently announced its next-gen 120 mm, A-series fan at the Computex 2017 – these impellers are manufactured from LCP and call for lesser fan vibration, little fan creep, and strict tolerances. Introducing impellers of LCP material may lead to the generation of numerous opportunities for LCP industry giants, owing to the material’s high stiffness, rigidity, and tensile strength, and the fact that impellers are widely used in myriad applications.

Speaking about the future scope of LCP, it would be prudent to mention that recently, a groundbreaking research had been unearthed in LCP market. Certain research communities detected that an artificial iris developed from light crystal polymer has the capability to respond similar to the human eye. Unquestionably, this discovery would generate new opportunities for the biggies in liquid crystal polymer (LCP) market, enabling them to penetrate the field of ophthalmology. Further on, discoveries such as the above have even been forecast to propel liquid crystal polymer (LCP) industry size, which according to Global Market Insights, Inc., will surpass a revenue collection of USD 650 million by the end of 2024.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2253

 

Partial Chapter of the Table of Content

Chapter 4.   Liquid Crystal Polymers Market, By Application

4.1. Global liquid crystal polymers market share by application, 2016 & 2024

4.2. Electrical & Electronics

4.2.1. Market estimates and forecast, 2013-2024

4.2.2. Market estimates and forecast, by region, 2013–2024

4.3. Automotive

4.3.1. Market estimates and forecast, 2013-2024

4.3.2. Market estimates and forecast, by region, 2013–2024

4.4. Consumer Goods

4.4.1. Market estimates and forecast, 2013-2024

4.4.2. Market estimates and forecast, by region, 2013–2024

4.5. Lighting

4.5.1. Market estimates and forecast, 2013-2024

4.5.2. Market estimates and forecast, by region, 2013–2024

4.6. Medical

4.6.1. Market estimates and forecast, 2013-2024

4.6.2. Market estimates and forecast, by region, 2013–2024

4.7. Others

4.7.1. Market estimates and forecast, 2013-2024

4.7.2. Market estimates and forecast, by region, 2013–2024

 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Air Humidifier Market 2019 – 2024 | Growth Trends and Future Prospects

Published Date: 2019-11-15         Author: Rahul Varpe

Air Humidifier Market study added by Global Market Insights presents a detailed analysis of the influential trends prevailing in this business sphere. This research report also offers definitive information concerning the commercialization of this vertical, market size, and revenue estimation of thi... Read More

Remodeling Market 2019 Analysis by Emerging Trends and Development Status to 2024

Published Date: 2019-11-15         Author: Rahul Varpe

Remodeling Market study added by Global Market Insights presents a detailed analysis of the influential trends prevailing in this business sphere. This research report also offers definitive information concerning the commercialization of this vertical, market size, and revenue estimation of this in... Read More

By 2024, Soundproof Curtains Market Expected to Generate a Huge Demand via Rising Noise Pollution

Published Date: 2019-11-15         Author: Rahul Varpe

Soundproof Curtains Market study added by Global Market Insights presents a detailed analysis of the influential trends prevailing in this business sphere. This research report also offers definitive information concerning the commercialization of this vertical, market size, and revenue estimation o... Read More

© 2019 Fractovia. All Rights Reserved