SAN FRANCISCO, July 5, 2016 /PRNewswire/ --
The global liquid crystal polymer (LCP) films & laminates market expected to reach USD 166.9 million by 2024, according to a new report by Grand View Research, Inc. Growing demand for lightweight & miniaturized components on account of expanding transportation, electronics and automotive industries in emerging markets is expected to remain a crucial determinant for the global industry growth.
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Rising consumer awareness regarding energy & resource savings, owing to the global energy crisis and rising pollution levels, has also fostered several innovations in the LCP field. This, in turn, has led to the introduction of 'smart windows' in residential & 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 production processes & raw materials.
Laminates accounted for nearly 35% of the overall volume share in 2015 and are expected to gain further share as a result of its increasing demand in high-frequency electronics and printed circuit boards with a gauge of less than a millimeter.
Liquid Crystal Polymer (LCP) Films And Laminates Market Analysis By Product (Films, Laminates), By Application (Electrical & Electronics, Packaging, Automotive & Transportation, Medical Devices, Consumer Goods) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/liquid-crystal-polymer-lcp-films-laminates-market
Further key findings from the report suggest:
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Grand View Research has segmented the LCP films & laminates market on the basis of product, application and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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