![]() ![]() ![]() These properties result in enhanced performance of these films, thus, making them suitable for diverse applications in the above-mentioned end-use industries. LCP films segment is expected to witness considerable growth over the forecast period on account of its inherent properties such as low coefficient of thermal expansion (CTE), reduced moisture absorption, high tensile strength, and abrasion resistance. LCP films dominated the LCP films & laminates and are projected to progress at a CAGR of 6.7% over the forecast period. Laminates are formed by direct lamination of LCP resins onto copper foils, either with or without the application of adhesives. However, most films are processed via roll calendaring or extrusion, which helps manufacture the best products with optimum thickness and gauge. ![]() The manufacturing process for films and laminates differs according to the type and grade of the end product. The films segment dominated the global with a high revenue share of more than 67% in 2021. Other physical limitations include high anisotropy of the product’s properties, poor knit line strength, and the requirement of stoving or drying before melt processing. The melt viscosity of LCP resins is much lower than other competitive thermoplastic resins. However, limitation in the melting process is anticipated to hinder the market growth in the forecast period. Growing demand for flexible and high-performance circuit boards is, thus, expected to augment the demand for LCP films & laminates in the electronics industry.įilms and laminates constitute a relative niche market in the global LCP market, however, they have several applications on account of their improved creep resistance, low coefficient of thermal expansion, high modulus & strength, minimal moisture absorption, high abrasion resistance, excellent flex/fold characteristics, excellent chemical resistance, high dielectric strength, outstanding cut resistance, and high impact resistance coupled with vibration & dampening characteristics. while continuing to make lower-tech, low-cost products, and packaging/test offshore. economy, with companies such as Intel, TI, and Micron are investing in new fabrication facilities in the U.S. The semiconductor industry specifically remains a strong point in the U.S. The need for sophisticated yet safe technology is driving innovation in the electronics industry. In terms of revenue, the market was valued at USD 31.2 million in 2021 and is projected to expand at a CAGR of 5.8% in the forecast period. The country is home to several large automakers such as General Motors, Ford, Chrysler, Toyota, Nissan, Hyundai-Kia, and BMW. presents a large market for electronics & automotive alike, with significant scope for growth in the medical devices market. Also, LCP is ideal for flexible printed circuits (FPCs), antenna substrates, and housings because of its low moisture absorption and strong dielectric performance. LCPs are anisotropic in nature (in both solid and liquid crystal phases), which means strength, stiffness, and thermal expansion will be greater in one direction but not the same in every direction. It has high heat, electrical, and chemical resistance. It is a super engineering plastic, which is tolerant under harsh environments. Liquid crystal polymer (LCP) belongs to the family of thermoplastics, having a unique set of properties. This trend is anticipated to continue in the forecast period. The market growth is primarily driven by the increasing use of LCP films & laminates as an alternative to polyimide films in various application industries. The global liquid crystal polymer films and laminates market size was estimated at USD 147.6 million in 2021 and is projected to augment at a CAGR of 7.1% from 2022 to 2030. ![]()
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