South Korea Liquid-crystal Polymer Market was valued at USD 0.25 Billion in 2022 and is projected to reach USD 0.45 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The South Korea liquid-crystal polymer (LCP) market has gained substantial momentum in recent years, driven by its critical applications across several industries such as electronics, automotive, and telecommunications. Liquid-crystal polymers are high-performance thermoplastics known for their superior mechanical properties, chemical resistance, and electrical insulating capabilities. These materials are used in various applications, including connectors, switches, and components for mobile phones, automotive sensors, and even medical devices.
The growing demand for miniaturized, lightweight, and high-performance components is a significant factor fueling the expansion of the liquid-crystal polymer market in South Korea. As the electronics industry continues to advance, especially with the rise of 5G technology and Internet of Things (IoT) devices, LCPs have become indispensable due to their excellent high-frequency performance and low loss characteristics. Manufacturers require LCPs to meet the stringent performance standards of next-generation technology, where traditional materials often fall short.
South Korea’s automotive sector also plays a pivotal role in increasing the demand for liquid-crystal polymers. LCPs are used in the production of lightweight automotive components, such as connectors, sensors, and motor parts. The shift toward electric vehicles (EVs) and hybrid models requires components that are not only durable but also capable of withstanding extreme temperatures and mechanical stress. LCPs meet these demands while helping to reduce the overall weight of vehicles, contributing to enhanced fuel efficiency and performance.
Telecommunications is another key industry driving the need for liquid-crystal polymers in South Korea. With the nationwide deployment of 5G infrastructure, LCPs are used extensively in the manufacturing of high-frequency components such as antennas and connectors. These components must maintain signal integrity and reliability, and LCPs offer a solution due to their low dielectric constant and minimal signal loss properties.
The liquid-crystal polymer market in South Korea is witnessing continuous innovations. Manufacturers are exploring new ways to enhance the material’s properties, such as improving its moldability, thermal stability, and electrical conductivity. As industries evolve, the demand for LCPs in South Korea is expected to keep growing, cementing its position as a crucial material in the country’s technological and industrial advancements.
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Polyplastics
Celanese Corporation
Sumitomo Chemical
Solvay
Toray International
Ueno Fine Chemicals Industry
Shanghai PRET Composites
Polyone Corporation
SAMSUNG FINE CHEMICALS
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Liquid-crystal Polymer Market
Liquid Crystal Polymer (LCP) Resins
Glass Fiber Reinforced LCP
PPS (Polyphenylene Sulfide) based LCP
Polyetheretherketone (PEEK) based LCP
Electronics and Electrical Components
Automotive
Aerospace
Medical Devices
Consumer Electronics
Telecommunics
Healthcare
Industrial
Parts and Components
Films and Coatings
Fibers and Textiles
Thermoplastics
Thermosetting Plastics
Composite Materials
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Liquid-crystal Polymer Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Liquid-crystal Polymer Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Liquid-crystal Polymer Market, By Type
6. South Korea Liquid-crystal Polymer Market, By Application
7. South Korea Liquid-crystal Polymer Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Liquid-crystal Polymer Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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