Mica Market: Trends, Opportunities and Competitive Analysis

Mica Market: Trends, Opportunities and Competitive Analysis

Mica Market Trends and Forecast

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.

Emerging Trends in the Mica Market

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.

A total of 106 figures / charts and 95 tables are provided in this 187-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the mica market report, please download the report brochure.

Mica Market by Segment

The study includes a forecast for the global mica market by end use, product type, grade, and region as follows:

Mica Market by End Use Industry [Volume (Kilotons) and $M shipment analysis for 2016 – 2027]:

• Construction
• Electrical and Electronics
• Paints and Coatings
• Personal Care
• Others

Mica Market by Grade [Volume (Kilotons) and $M shipment analysis for 2016 – 2027]:

• Ground Mica
• Sheet Mica
• Built-Up Mica

Mica Market by Region [Value ($B) shipment analysis for 2016 – 2027]:

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• The United Kingdom
• France
• Russia
• Asia Pacific
• China
• Japan
• India
• South Korea
• The Rest of the World
• Brazil
• Argentina

List of Mica Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mica companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mica companies profiled in this report includes.

• Franklin Industrial Minerals
• Pacer Corporation
• Mica Manufacturing
• Cogebi N.V.
• BASF
• Asheville-Schoonmaker
• Premier Mica Company
• Imerys
• Hebei Lingshou Mining and Building Material

Mica Market Insight

• Lucintel forecasts that 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.
• Ground mica will remain the largest segment over the forecast period due to growth in construction and paint & coating markets.
• 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.

Features of Mica Market

• Market Size Estimates: Mica market size estimation in terms of value ($M) and volume (KT)
• Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
• Segmentation Analysis: Market size by end use industry, grade, and product type.
• Regional Analysis: Mica market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different end use industry, grade, and product type, and regions for the mica market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the mica market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the mica market size?

Answer: The global mica market is expected to reach an estimated $712.1 million by 2027

Q2. What is the growth forecast for mica market?

Answer: The mica market is expected to grow at a CAGR of 5.2% from 2021 to 2027.

Q3. What are the major drivers influencing the growth of the mica market?

Answer: The major drivers for this market are growth in the electrical and electronics industry, growing construction activities, and growth in synthetic mica.

Q4. What are the major applications or end use industries for mica?

Answer: Construction and electrical and electronics are the major end use industries for mica.

Q5. What are the emerging trends in mica market?

Answer: 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.

Q6. Who are the key mica companies?

Answer: Some of the key mica companies are as follows:

• Franklin Industrial Minerals
• Pacer Corporation
• Mica Manufacturing
• Cogebi N.V.
• BASF
• Asheville-Schoonmaker
• Premier Mica Company
• Imerys
• Hebei Lingshou Mining and Building Material

Q7.Which mica product segment will be the largest in future?

Answer: Lucintel forecasts that ground mica will remain the largest segment over the forecast period due to growth in construction and paint & coating markets.

Q8: In mica market, which region is expected to be the largest in next 5 years?

Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years

Q9. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

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 market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are the changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this 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 this area 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 have taken place in the last 5 years in this market?



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