Skip to main content

Posts

Showing posts with the label Liquid Crystal Polymer Films & Laminates Market

Liquid Crystal Polymer (LCP) Films & Laminates Market Overview, Analysis and Forecasts to 2025

Demand for lightweight and miniaturized components on account of rapidly growing transportation, electronics, and automotive industries in emerging regions is expected to be the factor driving the global LCP market. Rising consumer awareness regarding energy and resource savings owing to the global energy crisis and increasing pollution levels has also fostered several innovations in the LCP field. The Global Liquid Crystal Polymer Films & Laminates Market size is expected to reach USD 174.4 million by 2025 registering a CAGR of 7.2%, according to a new report by Grand View Research, Inc. This, in turn, has led to the introduction of ‘smart windows’ in residential and commercial buildings to control light, privacy, sound, and insulation. However, these materials have been able to serve only niche applications, owing to highly-specialized and expensive raw materials and production processes. Laminates accounted for over 25% of the overall volume share in 2018 and