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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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Technology

Kapsch TrafficCom satellite tolling addresses global traffic and environmental challenges

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November 18, 2024

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Eco-friendly tolling system combats congestionInfrastructure-light system requires less construction and maintenanceSuccessful urban and nationwide systems operated by Kapsch TrafficCom

VIENNA and NEW DELHI, Nov. 17, 2024 /PRNewswire/ — Congestion and traffic-based pollution are increasingly serious issues around the globe, and in India. Indian authorities are battling millions of hours wasted in traffic and increasingly toxic air, while resources to maintain road infrastructure are dwindling. 

Satellite tolling is an efficient and effective way to address these critical challenges, and the Indian Ministry of Road Transport and Highways is currently working on such a solution. The technology, using GPS, Galileo, and other global satellite data, provides highly accurate, infrastructure-light tolling adaptable to different environments, from urban centers to national toll networks.

Kapsch TrafficCom is one of the front runners pushing the technology. The solution combines flexibility, low operational costs, and rapid scalability, enabling clients to charge vehicles based on real-time geolocation, regardless of road or jurisdiction. For India, satellite tolling is the optimal choice to manage the ever-growing amounts of traffic moving along its enormous highway and road network.

Kapsch TrafficCom’s satellite tolling system has already proven successful in regions like Norway and Bulgaria. The platform is data protection-compliant and offers exceptional data privacy protections, ensuring only necessary geolocation data is collected and stored.

“In Bulgaria, we achieved the first go-live within 11 months and are now managing 16,000km of road,” explains Carolin Treichl, EVP EMENA at Kapsch TrafficCom. “Our solution doesn’t just calculate distance-based charges. It empowers cities and nations to manage congestion, reduce pollution, and replace declining fuel tax revenues with a fair road user charge.”

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Kapsch TrafficCom AG
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Arctech’s SkyWings Empowers the World’s Largest Single-Capacity PV Power Plant Built on Coal Mining Subsidence Area

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November 18, 2024

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ORDOS, China, Nov. 17, 2024 /PRNewswire/ — Arrctech, the world’s solar tracking and racking solutions provider, announced that its 1P single-axis dual-row solar tracking system SkyWings has facilitated the on-time grid connection of Mengxi Blue Ocean Photovoltaic Power Station, the world’s largest single-capacity solar plant built on coal mining subsidence area. By adopting SkyWings, the plant’s annual average grid-connected capacity is enhanced by an impressive 7.41%, greatly improving the ROI.

SkyWings, equipped with Arctech’s synchronous multi-point drive mechanism and innovative torque tube design with exceptional bending and torsion resistance, can maintain normal operation even in wind speeds of up to 18m/s (level 8 gale), resulting in an increase of up to 2% in power generation. Powered by its second-generation AI algorithm, SkyWings can calculate the optimum tracker tilt across various terrains and environments, enabling real-time shading avoidance and leading to an additional energy generation boost of up to 8%.

Moreover, to better accommodate the irregular and undulating topography of the plant, Arctech provided a customized SkyWings solar tracking solution that incorporates terrain following capabilities. The tolerance for undulation between adjacent rows is set at 20% in the east-west direction and 15% in the north-south direction. Additionally, Arctech tailored the design of post height to maximize space beneath the solar panels, facilitating agrivoltaics practices. Consequently, farmers are now able to cultivate crops and raise livestock underneath solar panels, achieving both economic and ecological benefits.

To mitigate pollution and ecological damage to the grassland during both construction and operation, SkyWings employs one-piece H-shaped steel piles, while the construction team utilizes on-site static pressure construction. Moreover, following 25 years of safe power station operation, approximately 90% of the steel pipe piles of SkyWings remain suitable for recycling purposes, thereby reducing waste discharge by around 60% compared to traditional concrete piles.

Upon operation, this plant is expected to generate 5.7 billion kilowatt-hours of electricity annually, sufficient to power two million households. Each year, it can save 1.71 million tons of standard coal and reduce carbon dioxide emissions by about 4.7 million tons — equivalent to planting 62,700 hectares of trees.

The utilization of Arctech’s SkyWings in this plant further demonstrates its versatility as a solar tracking system capable of adapting to diverse scenarios, including agrivoltaics, irregular terrains, coal mining subsidence areas, and more.

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Technology

PayerMax Makes a Strong Debut at G-STAR Korea, Championing Seamless Global Payment Solutions for the Gaming Industry

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November 18, 2024

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SEOUL, South Korea, Nov. 18, 2024 /PRNewswire/ — PayerMax, a leading global fintech company, made its inaugural appearance at G-STAR Korea, one of the world’s most prestigious gaming events. This milestone marks a significant step in PayerMax’s efforts to expand its footprint in South Korea’s rapidly growing gaming and digital payment markets.

“We are thrilled to participate in this year’s G-STAR Korea,” said Wang Hu, Co-founder of PayerMax. “South Korea is a dynamic hub for digital entertainment and payments. By engaging with both global and local developers, we aim to support businesses’ global expansion with our one-stop, locally-tailored payment solutions.”

With South Korea’s gaming industry continuing to thrive, PayerMax is dedicated to helping game developers maximize revenue potential. During G-STAR, PayerMax highlighted a gaming client with targeted payment marketing support during a major gaming tournament, resulting in a 153% increase in transaction volume and a 180% growth in successful orders during the campaign—underscoring PayerMax’s capability to drive significant growth in the gaming sector.

South Korea is globally recognized for its vibrant mobile and online gaming industry, drawing an increasing number of international developers. According to Sensor Tower data, South Korea’s mobile gaming market accounts for 58% of its gaming revenue, positioning it as a crucial region for global developers. Revenue from mobile games in South Korea reached $2.75 billion in the first half of this year, up $30 million from the same period in 2023.

The country’s digital payment sector is also expanding rapidly, driven by popular platforms such as NAVER Pay and Kakao Pay. With high digital payment penetration and a strong appetite for technological innovation, South Korea presents fertile ground for companies like PayerMax to offer efficient, localized payment solutions.

PayerMax is committed to building a robust presence in South Korea, aiming to support businesses with a comprehensive suite of services that go beyond standard transactions. Leveraging deep expertise in compliance, marketing, financial management, and risk control, PayerMax has developed a comprehensive value-added service tailored to address the unique needs of South Korean enterprises. This approach enables PayerMax to meet the demands of high-efficiency digital transactions while ensuring secure, seamless experiences for merchants and users alike.

At G-STAR, PayerMax emphasized its role in helping South Korean businesses access the global market. By offering payment methods compatible with local platforms such as NAVER Pay and Kakao Pay, PayerMax enables companies to cater to both local and international customers. Additionally, its advanced Smart Routing technology and robust anti-fraud system ensure secure, reliable transactions critical for high-volume businesses.

As PayerMax deepens its investment in South Korea, it remains focused on fostering long-term partnerships with local businesses and developers. With a commitment to innovation and tailored solutions, PayerMax will continue to empower companies to succeed both locally and globally.

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