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Liquid Crystal Polymer (LCP) Films and Laminates Market Size to Grow USD 355.5 Million by 2029 at a CAGR of 6.7% | Valuates Reports

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BANGALORE, India, July 19, 2024 /PRNewswire/ — Liquid Crystal Polymer (LCP) Films and Laminates Market is Segmented by Type (Films, Laminates), by Application (Electrical & Electronics, Acoustics & Optics): Global Opportunity Analysis and Industry Forecast, 2023-2029.

The global Liquid Crystal Polymer (LCP) Films and Laminates market was valued at USD 224.6 Million in 2022 and is anticipated to reach USD 355.5 Million by 2029, witnessing a CAGR of 6.7% during the forecast period 2023-2029.

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Major Factors Driving the Growth of Liquid Crystal Polymer (LCP) Films and Laminates Market:

The market for liquid crystal polymer (LCP) films and laminates is expanding quickly as a result of the growing need in the automotive, medical, and electronics industries for high-performance materials. Because of their superior mechanical, chemical, and thermal durability, LCP films and laminates are perfect for use in flexible circuits, connections, and antennas. The market is expanding as a result of the growing miniaturization of electronic gadgets and the demand for strong, lightweight materials. Furthermore, the need for LCP films and laminates is increasing due to the automotive industry’s transition to electric vehicles and advanced driver-assistance systems (ADAS). To maintain their competitiveness in this fast-paced market, businesses are spending money on research and development in order to innovate and enhance their product offers.

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TRENDS INFLUENCING THE GROWTH OF THE INSECT CELL CULTURE MARKET

Because of its remarkable thermal, mechanical, and electrical qualities, liquid crystal polymer (LCP) films are used in the electrical and electronics industries, which is propelling the expansion of the LCP films and laminates market. Because of their exceptional dimensional stability, low dielectric constant, and great temperature resistance, LCP films are being used more and more in flexible printed circuits, connectors, and other electronic components. Due to these qualities, LCP films are perfect for high-frequency and high-speed data transmission, two areas of advanced electronics where conventional materials are inadequate. The requirement for LCP films in the electrical and electronics industry increases along with the demand for more compact, dependable, and efficient electronic devices, which drives the market’s overall growth.

The market for Liquid Crystal Polymer (LCP) films and laminates is expanding because of laminates’ stronger performance in high-frequency and high-temperature applications. Because of their exceptional electrical qualities, low moisture absorption, and high dimensional stability, LCP laminates are widely utilized in printed circuit boards (PCBs) and other electronic substrates. In modern electronics, these characteristics are essential for preserving signal integrity and dependability, especially in the automobile, aerospace, and telecommunications industries. The increasing need for compact, high-performing electronic gadgets makes it necessary to employ premium laminates that are resistant to damage and offer reliable performance. The growing market for LCP laminates is mostly being driven by their expanding use in a variety of high-tech applications.

The use of liquid crystal polymer (LCP) films and laminates in optics and acoustics is another factor driving the market’s expansion. Because of their remarkable acoustic qualities, LCP films are perfect for use in high-fidelity speakers, microphones, and other acoustic devices where sound quality and clarity are crucial. Because of its high transparency, low birefringence, and thermal stability, LCP films are prized in the field of optics and are used for lenses, display technologies, and optical components in a variety of electronic devices. The demand for improved performance from acoustic and optical components in industries like consumer electronics, automotive, and telecommunications is fueling the use of LCP films, which in turn is propelling the growth of the LCP film and laminate market as a whole.

Another significant element propelling the market for LCP films and laminates is the expansion of the automobile industry. Materials that can survive extreme environments are needed because of the growing integration of electronic systems in automobiles, such as infotainment systems, advanced driver-assistance systems (ADAS), and electric vehicle components. LCP films are perfect for automotive applications because of their superior chemical resistance, thermal stability, and electrical insulation. The demand for LCP films is further increased by the global movement toward electric and hybrid cars, which have higher electrical component requirements and dependability in a range of driving scenarios.

The market for LCP films and laminates is growing thanks in large part to the expansion of the medical device industry. Materials with high precision and biocompatibility are becoming more and more necessary as the need for improved medical gadgets, diagnostic tools, and minimally invasive surgical instruments rises. The superior mechanical qualities, chemical resistance, and low moisture absorption of LCP films make them the material of choice for medical applications. These characteristics render them appropriate for the production of a range of medical components, including sensors, microelectromechanical systems (MEMS), and other electronic devices seen in healthcare environments.

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LIQUID CRYSTAL POLYMER (LCP) FILMS AND LAMINATES MARKET ANALYSIS

The substantial share of LCP films in this market is driven by the growing desire for electronics to be smaller and by the rising manufacturing of smartphones, tablets, and other consumer electronics. The use of LCP films is further increased by the push toward lighter, more compact, and more efficient electronic components.

Because of their remarkable dielectric qualities, great mechanical strength, and superior resilience to heat and chemicals, LCP films find widespread application in the electrical and electronics sector. Because of these qualities, LCP films are perfect for a wide range of uses, including connectors, flexible printed circuits (FPCs), and other electronic parts.

Key Players:

WOTE Advanced MaterialSumitomo ChemMurata ManufacturingCelaneseSeyang PolymerSolvay S ADZTPolyplastics Co LtdToray GroupKuraray CoPanasonic

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  The global market for Liquid Crystal Polymer Fiber (LCP Fiber) Market was estimated to be worth USD 65 Million in 2023 and is forecast to a readjusted size of USD 159.4 Million by 2030 with a CAGR of 14.7% during the forecast period 2024-2030

–  The global Liquid Crystal Polymer Resins market was valued at USD 1160 Million in 2023 and is anticipated to reach USD 1564.7 Million by 2030, witnessing a CAGR of 4.3% during the forecast period 2024-2030.

– The global Thermotropic Liquid Crystalline Polymer market was valued at USD 836 Million in 2023 and is anticipated to reach USD 1473.5 Million by 2030, witnessing a CAGR of 8.6% during the forecast period 2024-2030.

Circular Liquid Crystal Polymer Connector Market

Liquid Crystal Polymer Printed Circuit Board (LCP PCB) Market

Global and India Liquid Crystal Polymers (LCPs) Market

– The global Liquid Crystal Polymer Films market was valued at USD 276.5 Million in 2023 and is anticipated to reach USD 343.9 Million by 2030, witnessing a CAGR of 3.1% during the forecast period 2024-2030.

Polymer Dispersed Liquid Crystal (PDLC) Smart Film Market

– Metallotropic Liquid Crystalline Polymer Market

– Global Liquid Crystal Material for Automotive Market

Flexible liquid crystal films Market

The high performance plastics market was valued at USD 23.6 Billion in 2022, and is estimated to reach USD 58.0 Billion by 2032, growing at a CAGR of 9.5% from 2023 to 2032.

Environmentally Friendly Copper Clad Laminate Market

Glass Based Laminates (SRBG) Market

Epoxy Resin Copper-Clad Laminates – Market

Stretch Laminates Market

Glass Epoxy Laminates Market

High Pressure Decorative Laminate Market

Global Acrylic Laminates Market

Multi-layer Elastic Laminates Market

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Firstsource positioned as a ‘Leader’ in Lending Services Operations PEAK Matrix® Assessment 2024 by Everest Group

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MUMBAI, India, Sept. 27, 2024 /PRNewswire/ — Firstsource Solutions Limited (NSE: FSL) (BSE: 532809), a leading global provider of specialist domain-led Business Process Services (BPS) and an RP-Sanjiv Goenka Group company, has been positioned as a Leader in the Everest Group’s Lending Services Operations PEAK Matrix® Assessment 2024.

The Lending Services Operations PEAK Matrix ® Assessment 2024 evaluated and classified 30 lending service providers based on their market impact, and vision, and capability, as well as scalability and client references into the three categories of Leaders, Major Contenders, and Aspirants. Firstsource was positioned as a ‘Leader’ among service providers for achieving growth, despite challenging market conditions, offering a balanced range of services across the lending value chain—commercial, consumer, mortgage, and auto lending – providing a diverse set of clients with a complete experience, driving innovation, and investing to augment their Al-based in-house solutions suite.

Vivek Sharma, President – BFS, CMT, and Emerging Geos, Firstsource, shared, “Being recognized as a Leader in the 2024 Lending Services Operations PEAK Matrix® Assessment is a powerful validation of our focused strategy. We have deliberately chosen to limit our domains and deepen our expertise in those areas, and this recognition reinforces that commitment. Our comprehensive operations, supported by Collection and Lending Innovation Labs in the U.S. and U.K., leverage AI-driven solutions and a strategic global reach to enhance customer experience, drive operational excellence, and deliver innovation—all under one roof.

“As the lending services industry continues to evolve, our emphasis on innovation and value creation across the entire lending value chain positions us as a trusted partner for organizations seeking to future-proof their business. This acknowledgment highlights our role in driving the future of the industry and solidifies our leadership in delivering cutting-edge solutions that meet the complex needs of our clients.”

Sahil Chaudhary, Practice Director, Everest Group, shared, “Firstsource’s impetus on innovation and digital solutions has helped it to drive growth, as well as making it a preferred BPS partner amid the challenging economic landscape in the lending operations market. Their well-diversified clientele across the lending value chain, combined with strategic investments in in-house AI-based solutions, has established it as a Leader in Everest Group’s Lending Services Operations PEAK Matrix® Assessment 2024.”

To download a copy of the assessment, please visit: Firstsource Named a Global Leader by Everest Group Peak Matrix 2024 – Firstsource

About Firstsource

Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company (NSE: FSL) (BSE: 532809) (Reuters: FISO.BO) (Bloomberg: FSOL:IN), is a specialized global business process services partner, providing transformational solutions and services spanning the customer lifecycle across Healthcare, Banking and Financial Services, Communications, Media and Technology, and other diverse industries. With an established presence in the US, the UK, India, Mexico, Australia, South Africa, and the Philippines, we make it happen for our clients, solving their biggest challenges with hyper-focused, domain-centered teams and cutting-edge tech, data, and analytics. Our real-world practitioners work collaboratively to deliver future-focused outcomes. (www.firstsource.com)

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TRIBIT will launch its 200W Bluetooth Speaker StormBox Blast 2 in mid-October

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This time, immerse yourself in the music, live for live

NEWARK, Calif., Sept. 26, 2024 /PRNewswire/ — TRIBIT, a global audio brand, targets the mid-October launch of the upgraded StormBox Blast 2 portable Bluetooth speaker. Following on from the success of its predecessor, StormBox Blast, the StormBox Blast 2 now has upgraded features including a higher IP67 waterproof rating, Bluetooth 5.4 and a huge 200W output power.

Explosive 200W* Output 

Featuring an 80W subwoofer with diamond reinforcement ribs, dual 45W mid-range drivers, and two 15W silk dome tweeters, the StormBox Blast 2 delivers precise beats and notes. Its 2.1 channel design, powered by two advanced Ti amplifiers, ensures balanced and dynamic sound, while dual large passive radiators enhance the bass for deeper resonance.
*AC Power: 200W; Battery Power: 180W

Fun & Interactive Karaoke

Host a karaoke party with the TRIBIT speaker which boasts the professional-grade karaoke function with an adjustable Reverb effect! Supporting dual wired or wireless microphone connections, this party speaker enables you to sing solo or in a duet. Better still, state-of-the-art Bluetooth 5.4 ensures an optimal listening experience with TWS connectivity. What’s more fun than getting friends or family together for a good old sing song?

Customized Dynamic Lighting

The StormBox Blast 2 also features customizable dynamic lighting for a fantastic light show! The speaker can be synced to the pulse and rhythm of the song playing or users can pick a favorite color in the TRIBIT App to add a stunning touch to bars, weddings, festivals, and everything in between.

Unstoppable 30hrs Playtime

Worried about the tunes suddenly stopping mid-event? The StormBox Blast 2 has a 30-hour playtime to ensure there’s enough power to keep party goers dancing into the night! Thanks to the colossal battery capacity, the speaker can also be used to charge phones or other electric gadgets to be certain nothing will run out of juice!

About TRIBIT:

Back in 2017, TRIBIT was born with one singular focus: to inspire outdoor exploration while embracing the beauty of nature and the magic of sound. Just like stepping into a journey where melodies of innovation resonate with your soul, TRIBIT decodes the music mystery with the notes of “do re mi”.

We strive to make high-quality audio accessible to all, orchestrating auditory brilliance. So now turn up the volume on your TRIBIT and treat yourself with better beats!

Contact:
Miriam Lin
media@tribit.com 

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SOURCE TRIBIT

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Linglong’s European Factory Has Achieved Mass Production

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BELGRADE, Serbia, Sept. 26, 2024 /PRNewswire/ — In the middle of September, 2024, Linglong International Europe d.o.o., the first Chinese tire factory in Europe, officially started mass production. Another important project in Linglong Tire’s “7+5” global strategic blueprint has come to fruition, and the global strategic layout has started a new journey!

Serbian President Aleksandar Vučić led government departments at all levels, together with Chinese Ambassador to Serbia Li Ming, industry authorities, well-known experts from universities, as well as Linglong’s global partners and media friends, to attend this grand event.

Since its launch in 2019, Linglong Europe has attracted global attention with its grand blueprint of a total investment of US$990 million and an annual production capacity of 13.62 million high-performance radial tires.

During its construction, Linglong’s European factory has deeply integrated cutting-edge technologies such as artificial intelligence, mobile sensing, industrial big data, and industrial robots. It is committed to becoming a benchmark for tire production that is safe, environmentally friendly, intelligent, automated, and green, and becoming one of the leading digital factories in the global tire industry. It has achieved full automation and digital management from the warehousing of raw materials to the delivery of finished products, greatly improving product quality and production efficiency.

Furthermore, the “green, clean, civilized, and lean” new factory model advocated by Linglong Europe will lead the industry towards a more environmentally friendly, efficient, and intelligent direction.

During their in-depth visit to the production workshops of Linglong Europe, the visiting leaders and guests all expressed sincere admiration for the factory’s high level of intelligence, unanimously acknowledging it as a model in the tire manufacturing industry that they have personally witnessed, and an “incredible factory” beyond their imagination in terms of intelligence. President Vučić emphasized during his visit, “It’s unbelievable and incredible. I feel so proud and happy.”

With the official mass production of its European project, Linglong has taken an important step in its globalization strategy in the European market. The factory will provide European and surrounding market users with an excellent driving experience through high-performance products featuring green, low-carbon, low rolling resistance, and strong handling capabilities, as well as superior services. This milestone achievement not only promotes the construction and improvement of Linglong’s overseas OE system, but also significantly enhances the competitiveness and influence of Chinese tire makers in the global market.

In August 2024, with the Linglong Europe developing rapidly, Linglong announced the launch of the Linglong Phase II expansion project in Europe. After the expansion project is completed, it will add an annual production of 1.1 million high-performance radial tires of various types, including 800,000 sets of commercial vehicle tires, 50,000 sets of engineering radial tires, 150,000 sets of agricultural radial tires, 100,000 sets of retreaded tires, and liquid reclaimed rubber, photovoltaic power generation and other projects.

At the mass production ceremony, Linglong Tire signed an additional investment memorandum with the Serbian government. The signing of this agreement is not only a full affirmation of the previous cooperation results, but also lays the foundation for the smooth progress of the European Linglong expansion project.

In the future, Linglong Tire will take the project’s mass production as an opportunity, aim at the high-quality joint construction of the “Belt and Road” between China and Serbia, strengthen compliance operations and safety production management, and promote future project construction with high standards and strict requirements. At the same time, the company will actively fulfill its social responsibilities, establish an excellent corporate culture image, and contribute more to promoting China-Serbia economic and trade cooperation to a higher level and promoting Chinese manufacturing to the world stage!

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SOURCE Shandong Linglong Tyre Co., Ltd.

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