Global Liquid Crystal Polymer Market Size & Outlook
The liquid crystal polymer industry worldwide is expected to reach a projected revenue of US$ 2,676.3 million by 2030. A compound annual growth rate of 5.4% is expected of the worldwide liquid crystal polymer industry from 2023 to 2030.
Revenue, 2022 (US$M)
$1,756.3
Forecast, 2030 (US$M)
$2,676.3
CAGR, 2023 - 2030
5.4%
Report Coverage
Worldwide
Global liquid crystal polymer market, 2018-2030 (US$M)
Related Markets
Global liquid crystal polymer market highlights
- The global liquid crystal polymer market generated a revenue of USD 1,756.3 million in 2022 and is expected to reach USD 2,676.3 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.4% by 2030.
- In terms of segment, electrical & electronics accounted for a revenue of USD 1,247.9 million in 2022.
- MEDICAL is the most lucrative end use segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Russia is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 1,756.3 million |
| Market revenue in 2030 | USD 2,676.3 million |
| Growth rate | 5.4% (CAGR from 2022 to 2030) |
| Largest segment | Electrical & electronics |
| Fastest growing segment | MEDICAL |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PACKAGING, CONSTRUCTION, ELECTRICAL & ELECTRONICS, AUTOMOTIVE, MEDICAL, OTHER END USES |
Other key industry trends
- In terms of revenue, the North America accounted for 12.4% of the global liquid crystal polymer market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Russia is the fastest growing regional market and is projected to reach USD 31.5 million by 2030.
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Liquid Crystal Polymer Market Scope
Liquid crystal polymer market segmentation & scope
Liquid Crystal Polymer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global liquid crystal polymer market size, by regions, 2018-2030 (US$M)
Top 10 countries: Liquid crystal polymer market size, 2022 (US$M)
Global liquid crystal polymer market share, by end use, 2022 & 2030 (%, US$M)
Liquid crystal polymer market: Opportunity assessment by country
Global liquid crystal polymer market, by region, 2022 (US$M)
| End Use | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 189.9 | 201.2 | 200.7 | 208.6 | 217.5 | 227.5 | 238.3 | 250.2 | 263.1 | 277.4 | 291.8 | 306.6 | 321.7 | 5.0% |
| Europe | 230.4 | 242.6 | 240.5 | 248.4 | 257.4 | 267.5 | 278.3 | 290.4 | 303.4 | 317.7 | 331.9 | 346.3 | 360.8 | 4.3% |
| Asia Pacific | 885.3 | 944.9 | 949.2 | 993.8 | 1,044.3 | 1,100.0 | 1,160.6 | 1,227.7 | 1,300.7 | 1,381.6 | 1,463.8 | 1,549.4 | 1,637.9 | 5.8% |
| Latin America | 65.5 | 69.1 | 68.5 | 70.9 | 73.6 | 76.5 | 79.7 | 83.3 | 87.1 | 91.4 | 95.5 | 99.8 | 104.2 | 4.4% |
| MEA | 140.0 | 149.0 | 149.4 | 156.0 | 163.5 | 171.8 | 180.8 | 190.8 | 201.7 | 213.7 | 225.9 | 238.6 | 251.6 | 5.5% |
| Overall | 1,511.1 | 1,606.9 | 1,608.1 | 1,677.6 | 1,756.3 | 1,843.3 | 1,937.8 | 2,042.3 | 2,155.9 | 2,281.8 | 2,409.0 | 2,540.6 | 2,676.3 | 5.4% |
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