세계의 액정 폴리머(LCP) 시장 수급 분석 : 가공 방법별, 최종 용도별, 예측 분석

The global Liquid Crystal Polymers (LCP) market is expected to witness robust growth from 2023 to 2032, with a compound annual growth rate (CAGR) of 6.4%. This expansion is largely driven by rising demand from the electrical and electronics sectors.

Liquid Crystal Polymers (LCPs) are aromatic polyesters that exhibit a liquid crystal phase, featuring a partially crystalline structure with molecules arranged in a highly ordered alignment. Their exceptional physical properties and chemical resistance allow them to serve as substitutes for metals, ceramics, and various engineering plastics in advanced applications. LCPs are commonly used in electronic components such as printed circuit boards and surface-mounted devices.

Commercial production of LCPs began in the 1980s. Key manufacturers of pure LCP resins include Polyplastics, Ticona, Toray, Solvay, Sumitomo, and Ueno. Polyplastics leads as the largest producer, operating a manufacturing plant in Fuji, Japan. Production facilities for LCP resins are primarily concentrated in Japan, China, and the United States. The global demand for LCP is projected to grow at a CAGR of approximately 5.0-5.2% over the next five to six years.

Demand by Application

Currently, the largest consumers of LCPs are the electrical & electronics and consumer electronics industries, a trend expected to continue throughout the forecast period. Additional applications include automotive sectors (notably hybrid vehicle powertrains), industrial uses, medical devices, aerospace, and even bakeware.

The rising development of electrical and electronics infrastructure is a primary driver of LCP demand. The push for miniaturization of electronic components, driven by requirements for ultra-thin designs and lead-free soldering, significantly contributes to this growth. Additionally, emerging trends like automotive electrification, the Internet of Things (IoT), and 5G technology are fueling increased consumption of LCPs.

Manufacturers worldwide are expanding production capacities to meet the growing needs of the electrical and electronics industries. Factors such as population growth, rising disposable incomes, and higher per capita plastic consumption are further supporting demand. Although LCPs tend to be more expensive than other commodity plastics, their superior performance properties justify their broader adoption.

Key Manufacturers of LCP

Leading LCP manufacturers include Celanese Corporation, Polyplastics, Toray Industries, Inc., Sumitomo Chemical, Ueno Fine Chemicals, Syensqo (Solvay), Shenzhen Water New Materials Co., Ltd., Shanghai Pret Composites Co Ltd, Kingfa SCI. & TECH Co., Ningbo JUJIA New Material Technology Co., Ltd., and DZT Engineering Plastics Tech. Co., Ltd.Recent Market Developments

In February 2025, Sumitomo Chemical acquired Syensqo SA/NV's (Solvay) LCP neat resin business. This strategic move aims to enhance Sumitomo's product portfolio and strengthen its market presence, particularly in fast-growing sectors like mobility and ICT.

Similarly, Polyplastics Co., Ltd is constructing a new LCP polymerization unit at its Kaohsiung, Taiwan site, adding 5,000 tons per year to its integrated LCP compound production capabilities. This unit is slated to begin operations in the first half of 2024, with plans to double polymerization capacity in the future, aiming for a total capacity of 25,000 tons annually. Sumitomo Chemical also plans a 30% capacity increase at its two Japanese LCP resin plants located in Ehime and Osaka. The expanded operations are expected to commence by the third quarter of 2023, boosting Sumitomo's global polymer capacity to approximately 11,500 tons, according to Prismane Consulting's capacity database.

Demand Analysis by Region

In 2023, the Asia-Pacific region dominated the global LCP market, accounting for more than 75% of worldwide demand. China leads the region's demand due to its robust electrical and electronics industries. Other key markets in Asia include Taiwan, Japan, India, Singapore, and South Korea, all of which play important roles in the region's industrial landscape.

Europe currently represents about 10% of global semiconductor sales but aims to increase its semiconductor production share to 30% within the next decade. To support this, the European Union has enacted the EU Chips Act, which seeks to attract over €43 billion in private investment to strengthen semiconductor manufacturing capabilities. This initiative is expected to boost LCP demand in Europe's electrical and electronics sectors in the coming years.

LCP Market Drivers

LCPs offer excellent stiffness, low mass, and high internal damping, making them ideal for high-performance audio applications. An LCP driver benefits from the polymer's ability to maintain shape and resist unwanted resonances, resulting in accurate sound reproduction with minimal distortion across a wide frequency range.Because LCP materials are lightweight and thermally stable, they respond quickly to audio signals, enabling crisp highs, controlled mids, and deep, tight bass. These properties also make LCP drivers more durable and consistent across varying temperatures and humidity levels. Commonly found in premium headphones and in-ear monitors, LCP drivers are praised for delivering clear, balanced audio suitable for both casual listening and professional monitoring. Their high efficiency and low power consumption further enhance their suitability for portable devices like smartphones and wireless earbuds.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Application
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance

• Automotive
• Electrical & Electronics
• Industrial
• Consumer Appliances
• Medical
• Others

5. Introduction to Liquid Crystal Polymers (LCP) and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

6. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

7. Global Liquid Crystal Polymers (LCP) Demand Analysis, By Application (Volume, Value) (2018-2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018- 2034)
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
  • Global Liquid Crystal Polymers (LCP) Market, By Application
• Automotive
• Electrical & Electronics
• Industrial
• Consumer Appliances
• Medical
• Others

8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2018- 2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018 - 2034)
• Demand
• Demand Growth Rate (%)
• Liquid Crystal Polymers (LCP) Market, By Application

Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by application has been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

• North America
• USA
• Canada
• Mexico
• Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• Central & Eastern Europe
• Russia
• Poland
• Rest of Central & Eastern Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Central & South America
• Middle East & Africa

Note: CAGR will be calculated for all the applications to arrive at the regional / global demand growth for the forecast period (2025 - 2034)

9. Pricing Analysis

10. Key Strategic Issues and Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

11. Strategic Recommendation & Suggestions

12. Company Analysis

• Liquid Crystal Polymers (LCP) Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Key Business Strategies adopted and Prismane Consulting Overview
  • Recent Developments
  • Companies Covered -
• Celanese Corporation
• Polyplastics
• Toray Industries, Inc.
• Sumitomo Chemical
• Ueno Fine Chemicals
• Solvay SA
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

13. Appendices

• Demand - Regions
• Demand - Countries