Medical Grade Liquid Crystal Polymer Market Size, Share & Industry Analysis, By Product Type (Lyotropic, Thermotropic), By Application (Medical Devices, Medical Consumables, Others)and Regional Forecast, 2024-2032

Liquid crystal polymer commonly called as LCP are class of aromatic polymers that are inert and extremely unreactive. These polymers have high strength, resistance to stress cracking in presence of various chemicals that include aromatic and halogenated hydrocarbons, strong acids, bases, ketones and other extremely violent chemicals. It has excellent hydrolytic stability even in boiling water.

The increasing demand from electrical and mechanical application attributed to its exceptional properties like stiffness, high strength, and high tolerance. It is mainly used in drug delivery systems, wearables, and other medical devices. Additionally, the high flowability, low dielectric constant and high resistance to heat is expected to create demand from medical sector for various new and innovative devices.

However, growth of the medical grade liquid crystal polymer market is expected to limit due to the higher cost of LCP compared to other alternatives like ABS and Nylon.

Market Segmentation:

Based on product type, the market is segmented into lyotropic and thermotropic liquid crystal polymer. Based on application, the market is segmented into medical devices and medical consumables.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global medical grade liquid crystal polymer market consists of global & regional players operating. Some of the key players in the market include Polyplastics Co., Ltd, Sumitomo Chemical, Toray International, Samsung Fine Chemicals, Shanghai PRET Composites, Co. Ltd., Ueno Fine Chemicals Industry Ltd, Solvay S.A., Celanese Corporation, and Others.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the Medical Grade Liquid Crystal Polymer Market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to hold the largest share attributed to the large number of manufacturers present in China. China holds the largest share in producing electrical and electronic devices which is expected to raise the regional market. North America is estimated to be second-largest market due to extensive R&D in the medical sector. Europe is expected to show significant growth due to the increasing demand for medical devices. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.

Segmentation

Medical Grade Liquid Crystal Polymer Industry Developments

• In July 2019, Sumitomo Chemical developed three new grades of high-performance LCPs to meet the increasing demand from end-use sectors.