A recent report published by Infinium Global Research on mica market provides in-depth analysis of segments and sub-segments in the global as well as regional mica market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional mica market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global mica market. According to the report, the global mica market is projected to grow at a CAGR of 3.4% over the forecast period of 2019-2025.
Mica is popular for its exclusive characteristic to stay stable even when it is exposed to extreme environments such as temperatures, moisture, light, or electricity. This makes it extremely useful in the field of the electronics industry. Mica is mainly used as an insulator, pigment extender and also used as filler in electronics, paints & coatings, construction, cosmetics, and other industries. Mica has light, relatively soft, flexible, dielectric, hydrophilic, insulating, and elastic properties kind of characteristics. Mica is manufactured as a byproduct from the mining of feldspar, which is an abundant rock-forming mineral that generally arises as colorless crystals and comprises aluminosilicates of potassium, sodium, and calcium.
Mica has wide applications over industries such as electronics, construction, cosmetics, plastic, rubber, and paints and coatings. The demand for mica in these industries is increasing that drives the growth of the market. Furthermore, it is used as a thermal and electrical insulator in a number of electronic equipment in the electronics industry that drives the growth of the mica market. The mica has the characteristics of high electrical insulation, resistance to acid corrosion, flexibility, toughness, and sliding resistance, heat insulation, thermal expansion coefficient and other properties. It also has the good features of two-piece body smooth surface, the high diameter to thickness ratio, the shape, strong attachment. Mica is used in the production of cosmetics and toothpaste due to the presence of crystalline elements. Moreover, increasing demand from electrical and electronics, construction, paint & coating, and personal care industries is expected to provide growth opportunities to the market players.
Geographically, Asia-Pacific dominates the global mica market due to growth in electrical and electronics, and the construction industry in this region. The demand for mica is increasing due to the usage of joint compound, caulks & sealants, and grouts in construction industries in this region.
The report on global mica market covers segments such as end use industry, product type, and grade. On the basis of end use industry, the sub-markets include electrical and electronics, construction, paint and coating, personal care, and others. On the basis of product type, the sub-markets include natural, and synthetic. On the basis of grade, the sub-markets include ground mica, sheet mica, and built-up mica.
The report provides profiles of the companies in the market such as Pacer Corporation, BASF Catalysts LLC, Mica Manufacturing Co. Pvt. Ltd., Santa Fe Gold Corporation, Asheville-Schoonmaker Mica Company, Cogebi N.V., Gunpatroy Private Limited, Cleveland Mica Company, Franklin Industrial Minerals Co., The Premier Mica Company and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of mica market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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