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Report Code: CM11002
Category : Plastics & Polymers
The market for liquid crystal polymer (LCP) includes a high-performance engineering plastic that possess combined properties of conventional liquids and solid crystals. Liquid crystal polymer is a variant of partially crystalline aromatic polyester based on p-hydroxybenzoic acid (HBA) and other related monomers. Owing to the different chemical structure of LCPs as compared to conventional polyester polymers, they have highly ordered structures in melt state and less ordered in regular solid crystals. They exhibit a semi rigid, nearly linear, stacked orientation of molecules which stay highly ordered even in the liquid crystal phase. The high melt flow of the resin and its fast setup permits liquid crystal polymer to be molded into large, heavy walled parts as well as thin walled components. The thermal stability of liquid crystal polymer efficient use of re-grind. LCP are recyclable and can be used for energy recovery.
The variant property of LCP in terms of their structure makes such crystals fire-resistant and chemically-inert when used in very thin walls. During the melting and injection molding, liquid crystal polymer has low viscosity and high flow to fill the intricate molds completely, making them a good choice for manufacturing of ultra-thin and miniature parts with less than 0.1 mm thickness and short cycle times. Liquid crystal polymer possesses various physical and chemical properties such as high stiffness, high flow, and high temperature resistance, which makes them suitable for their use in product miniaturization in the electrical and electronics industry and micro-injection molding.
Liquid crystal polymer possesses properties such as high heat tolerance, chemical resistance, dimensional stability, flatness and high stiffness that makes them ideal for use in various applications including smartphones, laptop, desktop, and tablets. Moreover, liquid crystal polymer is consumed for automotive and industrial applications, and in aerospace and medical. These polymers also find applications in coatings, composites, additives, electrical motor components, high intensity LEDs and surface mount technology (SMT) components.
The global liquid crystal polymer market is expected to witness significant growth during the forecast period (2017-2023) owing to the increasing demand for miniaturized electronic components such as connectors and surface mount devices. Device or product miniaturization allows manufacturers for streamlining devices to incorporate more and more features in to smaller packages. Based on application, electrical and electronics are expected to be the leading segment in the global liquid crystal polymer market during the forecast period.
In the recent years, the liquid crystal polymer market witnessed an increasing shift towards miniaturization of electronic and electrical components such as SMT connectors with high density of pin, surface mounting devices and other microelectronic devices. This has considerably led to the widespread adoption of LCPs across the globe and is expected to witness same trend during the forecast period.
Rising demand for high performance and lightweight materials from the automobile industry to improve the fuel efficiency and reduce carbon emissions is expected to drive the global liquid crystal polymer market during the forecast period. Moreover, the increasing shift towards the micro injection molding is expected to further spur the growth of the global liquid crystal polymer market. Thin wall designs pose as a threat during injection molding of micro-connectors for devices such as computers, laptops, tablets, robots and satellites.
The high cost coupled with their low bonding strength are the major factors hampering the growth of the liquid crystal polymer market during the forecast period.
The major companies operating in the global liquid crystal polymer market are Celanese Corporation, Polyplastics Co., Ltd., Toray International, Inc., Solvay SA, Ueno Fine Chemicals Industry, Ltd., Shanghai Pret Composites Co., Ltd., PolyOne Corporation, Sumitomo Chemical Company Limited.
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