Liquid crystals are highly structured liquids with positional (smectic) and orientational (cholesteric, nematic) order of constituent molecules. Small molecule-based and polymer-based liquid crystals are available in the market. Molecule structure of liquid crystals contains rigid n-electrons with flexible long alkyl chains.
These materials serve as photo alignment agents, which exhibit enhanced functionality and provide superior adhesion properties to plastic substrate and glass coatings. Liquid crystal materials are available in various solvent-based grades with numerous viscosities & degrees of adhesion.
Comprehensive Competitive Analysis And Profiles Of Major Market Players Provided In The Report Are DIC Corporation, Jiangsu Hecheng Display Technology Co., Ltd., JNC Corporation, LCR Hallcrest, LLC, Merck Group, Shanghai Jingke Industrial Co., Ltd., Shijiazhuang Chengzhi Yonghua Display Materials Co., Ltd., Sumitomo Chemical Company Limited, Sun Chemical Corporation, TCI Chemicals Pvt. Ltd.
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Rise in demand for high-performance lightweight materials from automotive industry to produce fuel-efficient vehicles and minimize carbon emissions is anticipated to have a positive impact on liquid crystal materials market growth. Moreover, rise in preference for miniaturization of electrical & electronic components such as surface mounting devices and surface mounting technology (SMT) connectors is projected to boost the demand for liquid crystal materials.
However, high cost and low welding strength of these materials hinder the market growth. Increase in use of liquid crystal materials in biomedical applications is expected to provide potential opportunities for market expansion.
The report segments the liquid crystal materials market on the basis of type, application, and geography. Based on type, the market is categorized into cholesteric liquid crystals, discotic liquid crystals, and nematic & smectic liquid crystals. According to application, the market is classified into electrical & electronics, automotive, aerospace, industrial, biomedical, and others. Geographical breakdown of the market includes North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global market focus on key market strategies such as product launch, acquisition, and expansion to strengthen their market reach to maintain their position in the market.
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