Sumitomo Chemical Acquires Syensqo’s LCP Neat Resin Business Asset

Business Strategy Sumitomo Chemical Acquires Syensqo’s LCP Neat Resin Business Asset

2025-02-24 Source: Press release Sumitomo Chemical 2 min Reading Time

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With an aim to strengthen Sumitomo Chemical’s system for meeting new market needs and further expanding its LCP business, the company has acquired the LCP Neat Resin Business Asset from Syensqo.

Sumitomo Chemical has acquired the asset of a liquid crystal polymer neat resin business from Syensqo. (Source: Pixabay) — Sumitomo Chemical has acquired the asset of a liquid crystal polymer neat resin business from Syensqo.
(Source: Pixabay)

Tokyo/Japan – Sumitomo Chemical has acquired the asset of a liquid crystal polymer (LCP) neat resin business from Syensqo. By incorporating the products and technology acquired from Syensqo through this acquisition, the Company will strengthen its system for meeting new market needs and further expand its LCP business, particularly in ICT and mobility applications.

LCP is a type of super engineering plastic known for its excellent heat resistance, fluidity, and dimensional accuracy. It is used in various applications, including electronic components for PCs and smartphones. Sumitomo Chemical has been expanding its LCP business by leveraging its market-leading technical strengths in the research and development of polymer materials and their applications to meet market needs.

In recent years, LCP has garnered attention as a material for things such as power devices to meet increased electrical demand and the shift to EVs, next-generation millimeter-wave radar for autonomous driving, and high-capacity connectors for data centers. From this, the LCP market is expected to achieve further growth.

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The LCP neat resin product technology Sumitomo Chemical has acquired from Syensqo is known for its high heat resistance. By incorporating Syensqo's lineup and technology, the Company will be able to better meet the needs of society. In addition, by utilizing Syensqo's LCP development pipeline and production technology, Sumitomo Chemical expects to expand its product lineup, not only in the ICT and mobility fields, but also across a wide range of applications.

Sumitomo Chemical will continue to position the LCP business in which growth is anticipated as one of the Company’s key businesses, and will expand it through options such as various partnerships with other companies. Through this, Sumitomo Chemical aims to double the current sales revenue of the business by the early 2030s.

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