The global mica market appears to be promising with coming opportunities in the construction, paint & coating, electrical and electronics, and personal care industries. The global mica market 2017 was valued at $xxx.x million. The market is expected to propel further with a value of $xxx.x million by 2025, growing with a CAGR of x.x% from 2018 to 2025. The major growth drivers of this market is growing construction activities, growth in the electrical and electronics industry, and higher demand for personal care products.
The market earned a dominant share in terms of revenue derived from electronics industry applications. Besides that, constant rise in the population using electronic and electric equipment highly, on daily basis has boosted industry growth. The trend is anticipated to lead to the development of sustainable growth opportunities for the global mica market. Moreover, mica offers excellent electric and thermal insulation and exhibit stability after exposure to extreme heat, moisture and light. Therefore, it has extensive application in the electronics industry.
However, potential health issues from mining activities and its harmful effect on environment. Thus, government has reduced the mining activities. But mining is the mere source for obtaining raw mica, which may hamper overall growth of mica market.
Asia Pacific dominated the global mica market 2017, holding share of more than 40%. In the forthcoming few years, factors such as subsequent rise in demand for paints and coatings, electronic and electric equipment, and residential infrastructure projects coupled with rising population is anticipated to be the key factors driving the global mica market. ASEAN and India for the mica market in the next few years. Countries such as China, India and Japan are envisioned to provide significant growth opportunities for the mica market in the forthcoming years. The stabilizing construction is another impacting factor that may act as catalyst for mica market growth.
Based on the global mica market form, the classification extends into synthetic mica and natural mica. While on the grounds of the grade, the categories include sheet mica, built-up mica and ground mica. Based on the end-user applications, the market is classified into paints & coatings, cosmetics, construction, electronics and others. The other segment is further sub-divide as plastics, rubber and so on.
Key companies dominating the global mica market are BASF Catalysts LLC, Daruka Minerals, Asheville-Schoonmaker Mica Company, Santa Fe Gold Corporation, Mica Manufacturing Co. Pvt. Ltd. and Cogebi N.V. Other dominant players operating mica market are Cleveland Mica Company, Gunpatroy Private Limited and Franklin Industrial Minerals Co.
Key segments of ‘Global Mica Market’
Based on form, the market has been segmented into,
- Natural Mica
- Synthetic Mica
Based on grade, the market has been segmented into,
- Ground Mica
- Sheet Mica
- Built-up Mica
Based on end-user, the market has been segmented into,
- Paints & Coatings
- Others (Rubber, Plastics, etc.)
Based on region, the market has been segmented into,
- North America (U.S.)
- Europe (UK, France, Germany)
- Asia Pacific (China, Japan, India)
- Latin America (Brazil)
- Middle East and Africa
What to expect from the upcoming report on ‘Global Mica Market’:
- Future prospects and current trends of the global mica market by the end of forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing economies
- Supportive initiatives by government likely to influence the market dynamics
- Trends, drivers, opportunities, restraints, challenges and key developments in the market
- In-depth analysis of different market segmentations including regional segmentations, and product types
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market
Who should buy this report?
Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.