Lucintel's latest market report analyzed that liquid crystal polymer provides attractive opportunities in electrical and electronic, consumer good, automotive, lighting, and medical applications. The liquid crystal polymer market is expected to reach $3.0 billion by 2028 with a CAGR of 8%. In this market, thermotropic is the largest segment by product type, whereas electrical and electronics is largest by application.
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Based on product type, the liquid crystal polymer market is segmented into thermotropic and lyotropic. The thermotropic segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing adoption of this polymer in different electronic products owing to its exceptional thermal qualities, low viscosity, and better elastic behavior.
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The Liquid Crystal Polymer Market is marked by the presence of several big and small players. Some of the prominent players offering liquid crystal polymer include Polyplastics, Celanese, Solvay, Toray, and Sumitomo Chemicals.
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