Laser Direct Structuring (LDS) Grade Resin MarketReport Overview
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The global laser direct structuring (LDS) grade resin market size was 505.3 million in 2022 & the market is expected to reach USD 1830 million by 2031, exhibiting a CAGR of 15.4% during the forecast period.
The COVID-19 pandemic has been unprecedented and staggering, with the laser direct structuring (LDS) grade resin market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Grade laser direct structuring resin is a polymer that may be used to make structures that serve a variety of purposes. This resin's primary purpose is to increase an object's strength and longevity while consuming less material than conventional production processes like casting, moulding, or welding. Polymer components may be quickly customized using the direct structuring approach. The plastic material must be Laser Direct Structuring (LDS) grade, which means that a small quantity of an organo-metallic compound has been added to the plastic in order for LDS technology to function. The catalyst for electro less plating deposition can be triggered by laser ablation on the organometallic substance. The additive is relatively little in quantity, and when it is not active, it changes the physical properties of the plastic. Since most cars typically have steering-mounted controls, LDS is mostly employed in steering wheel hubs. LDS is also commonly employed in braking sensors, location sensors, and forwarding control switches. Advanced driver assistance systems (ADAS) for self-driving automobiles are one of the many areas in which LDS finds extensive use. Furthermore, it is projected that the transportation industry would adopt self-driving cars quickly.
Because of the high strength and thermal stability of LBS resins used in the manufacturing of smartphones, as well as their higher production costs compared to more conventional plastics like polycarbonate (PC) or ABS, the growth of this market can be attributed to the rise in demand for 3D printing technology and the increasing use of smartphones globally.
COVID-19 Impact: COVID-19 outbreak has hampered the market growth
Manufacturing processes were negatively impacted by COVID-19 in a variety of sectors where LDS technology has many different antenna applications. Restrictions on logistics and labour availability had an impact on the sales as well as the manufacture of smartphone and pad devices, laptop and notebook computers, vehicle tracking systems, gaming consoles, inventory tracking systems, wireless printers and routers, UAVs, etc.
Latest Trends
"Automotive is anticipated to boost the market growth significantly"
In order to minimise weight and increase reliability, 3D moulded connecting devices (MIDs) are frequently laser direct structured. The ability of automobiles to wirelessly connect to a wide range of services must be improved if next-generation (future) vehicles are to be produced. The goal of linked cars is to give improved functions for efficient traffic management, entertainment, and assuring the driver's safety through the appropriate use of wireless communication resources.
Laser Direct Structuring (LDS) Grade Resin Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into PC, PC/ABS, PA/PPA, LCP, PBT, ABS, Others. PC is anticipated to be the leading segment.
- By Application Analysis
Based on application, the market can be divided into Main Antenna, Bluetooth Antenna, Wi-Fi Antenna, GPS Antenna, NFC Antenna, Other. Main Antenna will be the dominating segment.
Driving Factors
"Rising applications and useful properties fuel the market growth"
The requirement for lightweight, heat-resistant, and stable materials in the aerospace sector is one of the primary factors fueling the growth of the global laser direct structural grade resin market. The market's expansion in recent years has also been fueled by an increase in the usage of laser direct structuring machines across a variety of end-user sectors, including the automotive & transportation industry, consumer goods sector, etc. Additionally, the increased production of a variety of optical goods, including lenses and displays, using high-quality transparent resins is anticipated to fuel market demand throughout the projection period. In particular, smartphones have seen a strong acceptance of this technology, with production quantities roughly tripling over the previous ten years. In addition to this, as more people are now utilising the benefits that smart medical devices have to offer to address urgent health needs, innovations in the modern medical sciences and the rising adoption of smart devices, wearables, and connected medical equipment have significantly improved global healthcare offerings.
In addition, the growing use of unmanned aerial vehicles (UAVs), global positioning system/global navigation satellite system (GPS/GNSS) navigation, and conformal communication antennas, among other things, has created potential opportunities for the LDS antenna market in the military and defence sector.
"Improvements in products fuel the market growth"
When combined with the suitable connection and assembly technologies, the use of LDS technology is projected to promote miniaturisation and reduce the number of components. LDS technology also contributes in the extension of design options and the production process's economic efficiency. The convergence of computer, communication, and consumer electronics is being brought about by technological breakthroughs. This bodes well for the industry and creates several new prospects for product improvements due to miniaturisation. The consumer electronics industry's movement towards miniaturisation has reduced package component sizes to the level set by early technologies' design rules.
Restraining Factors
"Increased radiation performance may hamper the market growth"
With a high degree of metallization shape flexibility and increased radiation performance provided by the advent of the LDS antenna technology, this problem may hamper the market growth.
Laser Direct Structuring (LDS) Grade Resin Market Regional Insights
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"Majority Share Predicted to Be Held by North America"
In the North American area, LDS Antenna solutions are highly demanded across almost all end-user industries. However, the consumer electronics, networking, and automotive sectors are anticipated to be the primary sources of demand for LDS antennas in the area.
The market is able to grow and expand because to the region's robust car sector expansion. Modern cars need to include a range of sensors and electronic aides to improve passenger comfort and safety. However, as these sensors and components are used, the need to minimize the number of components is expanding as well.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Mitsubishi (Japan)
- SABIC (audi Arabia)
- RTP Company (U.S.)
- Sinoplast (China)
- Kingfa (China)
- LG Chem (South Korea)
- Lucky Enpla (South Korea)
- DSM (Netherlands)
- Evonik (Germany)
- Lanxess (Germany)
- Celanese (U.S.)
- Ensinger (Germany)
- Zeon (U.S.)
- Seyang Polymer (South Korea)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 505.3 Million in 2022 |
Market Size Value By |
US$ 1830 Million by 2031 |
Growth Rate |
CAGR of 15.4% from 2022 to 2031 |
Forecast Period |
2022-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the Laser Direct Structuring (LDS) Grade Resin market expected to touch by 2031?
Based on our research the market is expected to reach 1191.4 million USD 1830 million by 2031.
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What CAGR is the Laser Direct Structuring (LDS) Grade Resin market expected to exhibit by 2031?
The Laser Direct Structuring (LDS) Grade Resin market is expected to exhibit a CAGR of 15.4% by 2031.
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Which are the driving factors of the Laser Direct Structuring (LDS) Grade Resin market?
The requirement for lightweight, heat-resistant, and stable materials in the aerospace sector is one of the primary factors fueling the growth of the global laser direct structural grade resin Laser Direct Structuring (LDS) Grade Resin market.
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Which are the top companies operating in the Laser Direct Structuring (LDS) Grade Resin market?
The top key players in the market are LG Chem, Lucky Enpla, DSM, Evonik, Lanxess, Celanese, Ensinger, Zeon, Seyang Polymer.