Liquid Crystal Polymer (LCP) Market is expected to grow at a significant rate by 2025, at an estimat
May 22, 2023 ⚊ 1 Min read ⚊ Views 39 ⚊ BLOG
Demand for electronic and durable electrical products coupled with its high-quality in emerging economies is driving the growth of the global liquid crystal polymer (LCP) market. LCP is broadly used in the automotive industry owing to its low weight, high strength, and abrasion resistance features. LCPs can replace materials such as metals, ceramics, composites, and other plastics due to resistance to almost all weathering, radiation, chemicals, and fire. Moreover, growth in demand for engineering resins to produce ultra-thin electrical components is projected to remain a key booster for the target market. Furthermore, an increase in demand for lightweight and high-performance materials from the automobile industry to manufacture fuel-efficient vehicles is propelling the growth of the global market. Also, reduce carbon emissions is projected to positively impact on the global market growth.
