Liquid Crystal Polymers (LCPs)
are a variant of aromatic polymers that are partially crystalline in nature. LCPs show properties that are somewhere between conventional liquids and solid crystals. LCPs, when in the liquid phase, comprise areas of highly ordered structures, which are however, less ordered than regular solid crystals. Basically, LCPs show higher degree of order than liquids, but lower as compared to solids. LCPs are also known for their fire resistance and chemical inertness when used in very thin walls.
LCPs are segmented in this report according to their applications and the end user industries they cater to. LCPs find tremendous use in coatings, composites, additives, electrical motor components, high-intensity LEDs and various electronic components. On the basis of end user industries, the report classifies LCP market
into electrical & electronics, medical, automotive, defence, consumer goods industries and more. The electrical and electronic industry is the largest consumer of LCPs and will be the major driving factor for this market in the foreseeable future owing to its constantly increasing demand. The market forecast period for this report is taken to be from 2016 to 2021.
The report also delves into the geographical distribution of the global market revenues, which in turn produces some significant conclusions. The market is dominated by APAC, with China at the helm due to its extensive electrical and electronics industry. The boom in the consumer goods and automotive industries provides impetus to the LCP market in the developing economies like China and India. Americas follow APAC with less than a third of the global market revenues. Europe is a distant third and is expected to lose its percentage share in the global revenues, as the impact of Brexit starts manifesting on the European Union. The major players in the EPDM industry are:
- RTP Company (The U.S.)
- The Dow Chemical Company (The U.S.)
- Celanese Corporation (The U.S.)
- PolyOne Corporation (The U.S.)
- Akro-Plastic (Germany).
The market is quite consolidated on account of the above mentioned big companies in the market.Other key players include:
- SABIC Innovative Plastics (Saudi Arabia)
- Solvay SA (Belgium)
- Lehmann & Voss & Co. (Germany)
- Kuraray Company (Japan).