According to a new market report published by Lucintel, the future of the mica market looks promising with opportunities in the electrical and electronics, construction, paint & coating, and personal care industries. The global mica market is expected to reach an estimated $712.1 million by 2027 with a CAGR of 5.2% from 2021 to 2027. The major drivers for this market are growth in the electrical and electronics industry, growing construction activities, and growth in synthetic mica.
Browse 95 market data tables and 106 figures spread through 187 pages and in-depth TOC on “Global Mica Market"
In this market, different types of mica grades such as ground mica, sheet mica, and built-up mica are used as fillers and performance additives in various applications. Lucintel forecasts that ground mica will remain the largest segment over the forecast period due to growth in construction and paint & coating markets.
Within the mica market, the electrical and electronics segment is expected to remain the largest end use industry and witness highest growth over the forecast period due to increasing use of mica as an insulating material in electrical and electronics applications, such as capacitor, wire & cable, electric lighting & control equipment, and semiconductor.
Asia Pacific is expected to remain the largest region by value and volume and it is also expected to witness the highest growth over the forecast period due to the growth in electrical and electronics industry and increasing usage of joint compound, caulks & sealants, and grouts in construction industries.
Emerging trend, which has a direct impact on the dynamics of the industry, includes growing use of ultrafine mica and increasing applications for synthetic mica. Franklin Industrial Mineral, Mica Manufacturing, Cogebi N.V, BASF, Asheville-Schoonmaker, Premier Mica Company, Imerys, Hebei Lingshou Mining and Building Material, Daruka Mineral, and Gunpatroy are among the major mica manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global mica market by end use, product type, grade, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Mica Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global mica market by end use, product type, grade, and region as follows:
By End Use Industry [Volume (Kilotons) and $M shipment analysis for 2016 – 2027]:
•Construction
•Electrical and Electronics
•Paints and Coatings
•Personal Care
•Others
By Grade [Volume (Kilotons) and $M shipment analysis for 2016 – 2027]:
•Ground Mica
•Sheet Mica
•Built-Up Mica
By Product Type [Volume (Kilotons) and $M shipment analysis for 2016 – 2027]:
•Natural
•Synthetic
By Region [Volume (Kilotons) and $M shipment analysis for 2016 – 2027]:
•North America
oUnited States
oCanada
oMexico
•Europe
oUnited Kingdom
oGermany
oFrance
oRussia
•Asia Pacific
oChina
oJapan
oIndia
•The Rest of the World
oBrazil
This 187-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/mica-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global mica market by end use industry (construction, electrical and electronics, paints and coatings, personal care, and others), grade (ground mica, sheet mica, and built-up mica), product type (natural and synthetic), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the mica market?
Q.5 What are the business risks and threats to the mica market?
Q.6 What are emerging trends in the mica market and the reasons behind them?
Q.7 What are some changing demands of customers in the mica market?
Q.8 What are the new developments in the mica market? Which companies are leading these developments?
Q.9 Who are the major players in the mica market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the mica market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11. What M&A activities did take place in the last five years in the mica market?