Liquid Crystal Polymers Market Report 2026

The liquid crystal polymers market size has grown strongly in recent years. It will grow from $2 billion in 2025 to $2.18 billion in 2026 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to expansion of electronics manufacturing, growth of high-performance polymer applications, increasing demand for durable electrical components, rising use in industrial machinery, advancements in polymer processing technologies.

The liquid crystal polymers market size is expected to see strong growth in the next few years. It will grow to $3.12 billion in 2030 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to increasing adoption in electric vehicle components, rising demand for miniaturized electronic devices, expansion of medical-grade polymer applications, growing focus on recyclable high-performance materials, increasing investments in advanced polymer R&D. Major trends in the forecast period include increasing use in high-frequency electronics, rising adoption in lightweight automotive components, growing demand for heat-resistant polymers, expansion of miniaturized electronic parts, enhanced focus on chemical and thermal stability.

The expanding aerospace industry is expected to drive the growth of the liquid crystal polymer (LCP) market in the coming years. The aerospace and defense sector includes the development, production, and maintenance of aircraft, spacecraft, missiles, rockets, and related components, as well as defense systems and equipment. LCPs are valued in this industry for their lightweight, high-performance properties, making them suitable for applications such as aircraft components, connectors, and electronic systems. For example, in March 2024, the U.S. Bureau of Transportation Statistics reported that airline traffic in December 2023 rose by 9.5% compared to December 2022. Therefore, the growth of the aerospace industry is supporting the liquid crystal polymer market.

Key players in the LCP market are focusing on sustainable, low-carbon materials to meet environmental goals and reduce reliance on fossil-based feedstocks. These innovations aim to lower CO₂ emissions, increase renewable content, and satisfy the growing demand for eco-friendly high-performance polymers across industries. For instance, in September 2024, Polyplastics Co., Ltd., a Japan-based engineering plastics manufacturer, launched a biomass-balanced liquid crystal polymer designed to reduce CO₂ emissions and incorporate certified renewable feedstock while maintaining the performance and functional properties of conventional LCPs. These new LCP grades support sustainable manufacturing in electronics, automotive, and telecommunications by offering high heat resistance, dimensional stability, and superior electrical properties with a lower carbon footprint. Through this launch, Polyplastics aims to expand its environmentally friendly portfolio and accelerate the global adoption of renewable-content engineering plastics.

In April 2023, Doosan Corp., a South Korea-based provider of power, desalination, engines, and services, announced a joint development agreement (JDA) with Ionic Materials, a US-based polymer manufacturer, to explore applications of LCPs in advanced functional materials. Doosan’s objective is to complete the development of LCP film-applied FCCL by the end of the year, strategically targeting next-generation mobile devices and materials for 5G and 6G communications.

Major companies operating in the liquid crystal polymers market are Celanese, Polyplastics, Toray Industries, Sumitomo Chemical, Mitsubishi Chemical Group, Asahi Kasei, Kuraray, JNC Corporation, Daicel Corporation, Teijin, Solvay, SABIC, BASF, DuPont, LG Chem, RTP Company, Entegris, Kureha Corporation, Chiyoda Corporation, Ueno Fine Chemicals.

Asia-Pacific was the largest region in the liquid crystal polymer market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global liquid crystal polymers market during the forecast period. The regions covered in the liquid crystal polymers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the liquid crystal polymers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The liquid crystal polymer market consists of sales of semi-aromatic polyesters, polyamides, and polyester-co-amides. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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