Electrical & Electronics Sector Continues to Dominate the Global LCPs Consumption to Drive Demand to Reach 64k MTs by 2022
Industry Experts has added yet another market report to its High Performance Plastics’ series, Liquid Crystal Polymers. The new report ‘ Liquid Crystal Polymers – A Global Market Overview ’ reveals that the Electrical & Electronics sector dominated the global market for LCPs, which is estimated at US$525.8 million (84.2% share) in 2015, is forecast to be US$548.5 million in 2016 and is projected to reach US$750.7 million by 2022 to reflect the fastest CAGR of 5.4% between 2016 and 2022, attributed the E&E sector growth in Asian region. Liquid Crystal Polymer (LCP), a high performance engineering plastic, is partially crystalline aromatic polyester based on p-hydroxybenzoic acid (HBA) and other related monomers. The chemical structure and morphology of LCPs is vastly different compared to conventional polyester polymers, due to which there are considerable differences between the two not only in physical and mechanical properties, but also in processability. LCPs have outstan...