The Global Liquid Crystal Monomer (LCM) Market was valued at USD 97.1 Million in 2023 and is projected to reach USD 198.4 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period (2024–2030). This robust growth is fueled by the ever-increasing demand for high-resolution displays in consumer electronics, the expansion of the automotive display sector, and advancements in medical and industrial display technologies.

As the digital display industry evolves toward more sophisticated, energy-efficient, and flexible screens, the foundational materials enabling this innovation take center stage. In this blog, we profile the Top 10 Companies in the Liquid Crystal Monomer Industry—a mix of chemical giants, specialty material innovators, and advanced polymer specialists shaping the future of display technology.

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🔟 1. JNC Corporation (Chisso Petrochemical)

Headquarters: Tokyo, Japan
Key Offering: High-performance liquid crystal monomers for TFT-LCDs

JNC Corporation, through its Chisso Petrochemical division, is a global leader in the supply of liquid crystal materials. The company has a long-standing reputation for high-purity monomers that are critical for producing stable and high-performance liquid crystal mixtures used in advanced displays.

Innovation Initiatives:

• Development of low-voltage and high-stability LCMs for energy-efficient displays

• R&D focused on materials for next-generation displays, including flexible and high-brightness applications

• Strong intellectual property portfolio with numerous patents in liquid crystal chemistry

Download FREE Sample Report: Liquid Crystal Monomer Market – View in Detailed Research Report

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9️⃣ 2. Merck KGaA (Performance Materials)

Headquarters: Darmstadt, Germany
Key Offering: Licristal® brand liquid crystal materials and monomers

Merck KGaA is a powerhouse in the liquid crystal industry, supplying materials for a vast majority of LCDs worldwide. Its Licristal® brand is synonymous with quality and innovation, offering a comprehensive portfolio of monomers for various display applications.

Innovation Initiatives:

• Pioneering research in liquid crystals for over 50 years

• Significant investments in R&D for OLED and other emerging display technologies

• Global production network ensuring supply chain resilience

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8️⃣ 3. DIC Corporation

Headquarters: Tokyo, Japan
Key Offering: Liquid crystal monomers and polymers for display applications

DIC Corporation is a major global chemical company with a strong presence in display materials. The company produces a wide range of liquid crystal monomers that are essential components in the liquid crystal mixtures used by panel manufacturers.

Innovation Initiatives:

• Expansion of production capacity to meet growing global demand

• Development of environmentally friendly synthesis processes

• Strategic partnerships with leading display panel makers

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7️⃣ 4. Shanghai Hecheng Display Material Co., Ltd.

Headquarters: Shanghai, China
Key Offering: Liquid crystal monomers and intermediates

As a key Chinese player, Shanghai Hecheng has rapidly grown to become a significant supplier of liquid crystal materials. The company services both domestic and international markets, offering cost-competitive and high-quality LCMs.

Innovation Initiatives:

• Focus on import substitution for the Chinese display industry

• Investment in R&D to develop proprietary monomer structures

• Expansion into value-added liquid crystal mixtures

Download FREE Sample Report: Liquid Crystal Monomer Market – View in Detailed Research Report

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6️⃣ 5. Jiangsu Hecheng Display Technology Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: TFT-LCD monomers and high-performance LCMs

Jiangsu Hecheng is another major Chinese manufacturer specializing in display materials. The company has established itself as a reliable supplier of liquid crystal monomers, catering to the massive display manufacturing base in Asia.

Innovation Initiatives:

• Continuous improvement of production processes for higher purity levels

• Development of monomers for specialized display applications

• Active participation in industry standards development

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5️⃣ 6. Shijiazhuang Sloar Co., Ltd.

Headquarters: Hebei, China
Key Offering: Liquid crystal monomers and custom synthesis services

Shijiazhuang Sloar has carved a niche in the LCM market by offering specialized monomers and custom synthesis capabilities. The company serves display manufacturers requiring tailored solutions for specific performance characteristics.

Innovation Initiatives:

• Strong focus on custom monomer development

• Investment in advanced analytical and purification technologies

• Expansion of product portfolio to include more complex molecular structures

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4️⃣ 7. Jiangsu Yoke Technology Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: Liquid crystal monomers and electronic chemicals

Jiangsu Yoke Technology is an integrated electronic materials company with a growing presence in the liquid crystal monomer segment. The company leverages its chemical synthesis expertise to produce high-quality materials for the display industry.

Innovation Initiatives:

• Vertical integration strategy from basic chemicals to advanced materials

• Focus on cost-effective manufacturing without compromising quality

• Expansion of production capacity to capture growing market share

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3️⃣ 8. Samsung SDI

Headquarters: Seoul, South Korea
Key Offering: Advanced display materials including liquid crystal components

While primarily known for its batteries, Samsung SDI has a significant materials business that supplies critical components to the display industry. The company develops and produces liquid crystal materials that meet the stringent requirements of high-end displays.

Innovation Initiatives:

• Synergies with Samsung’s display manufacturing business for rapid feedback and iteration

• R&D focused on materials for cutting-edge display technologies

• Quality control systems aligned with premium display specifications

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2️⃣ 9. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Specialty chemicals including display material precursors

BASF, as one of the world’s largest chemical companies, produces intermediates and specialty chemicals that are essential for liquid crystal monomer synthesis. The company’s strong position in basic chemicals provides a stable supply chain for the display industry.

Innovation Initiatives:

• Development of novel chemical synthesis pathways

• Sustainability focus in chemical production processes

• Global supply chain capabilities supporting display manufacturers worldwide

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1️⃣ 10. Sumitomo Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Liquid crystal materials and advanced polymers

Sumitomo Chemical has a diversified chemical portfolio that includes sophisticated materials for the display industry. The company’s expertise in polymer and fine chemicals translates into high-performance liquid crystal monomers for various applications.

Innovation Initiatives:

• Long-term research partnerships with academic institutions

• Development of materials with improved thermal and UV stability

• Focus on creating value through material performance enhancements

Get Full Report Here: Liquid Crystal Monomer Market – View in Detailed Research Report

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🌟 Outlook: The Future of Liquid Crystal Monomers Is High-Performance and Specialized

The liquid crystal monomer market is undergoing a significant transformation. While traditional LCMs continue to serve the massive LCD industry, research is increasingly focused on specialized monomers for next-generation displays, including those with faster response times, wider viewing angles, and better compatibility with flexible substrates.

📈 Key Trends Shaping the Market:

• Development of monomers for high-resolution 8K and future display standards

• Increasing demand for materials supporting fast refresh rates in gaming monitors and VR displays

• Growth in automotive display applications requiring high brightness and temperature stability

• R&D into LCMs for emerging display technologies beyond traditional LCDs

Get Full Report Here: Liquid Crystal Monomer Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials for today’s displays—they’re developing the advanced monomers that will enable the displays of tomorrow.