Global Mica Tape for Insulation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Mica Tape for Insulation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Micas are a cluster of minerals. Its mica crystals can easily be divided into extremely thin elastic plates. Mica tape is made using mica paper glued special resin to the substrate of the polyethylene or glass fiber. Mica Tape is a high quality insulation material. It has high temperature resistance, high corrosion resistance, high pressure resistance and extremely high dielectric strength along with excellent tensile strength. Mica tape has been utilizing by various industries due to its flexibility, low cost, easy installation, longevity and many.

Market Overview:

The latest research study on the global Mica Tape for Insulation market finds that the global Mica Tape for Insulation market reached a value of USD 601.5 million in 2022. It’s expected that the market will achieve USD 756.7 million by 2028, exhibiting a CAGR of 3.9% during the forecast period.

Product's own advantages

The advantages of mica tape are good dielectric strength, inorganic content, does not support corona, thermal conductivity, low dissipation factor and easily impregnated with resin. Mica has excellent insulating properties. In recent years, industries such as power generation, power transmission and transformation have developed rapidly. At the same time, a series of incentive measures have been adopted in the development of new energy, smart grid construction, high-speed railways, energy-saving motors and household appliances. The industries of electric power, electronics, motors, power transmission and transformation and household appliances continue to grow and develop rapidly, bringing huge market demand for insulating materials in traditional and emerging markets. The increase in demand for insulating materials has led to the development of the mica tape for insulation market.

Synthetic mica has problems and concerns

High melting point impurities are easily produced in synthetic mica, and these high melting point impurities greatly reduce the quality of mica. The main problem in the development of the synthetic mica market is the toxicity of F ions in the product. Since the molecular structure of mica will be cracked at high temperature, muscovite and phlogopite will release crystal water, and fluorphlogopite will gradually release fluoride ions with a content of nearly 10%, and fluoride ions are extremely toxic and corrosive. When the material used in the fire-resistant cable contains fluoride ions, it will cause harm to personal safety. Concerns about these production and use may constrain the market.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (43.93% in 2021).

Company Overview:

ISOVOLTA Group is one of the major players operating in the Mica Tape for Insulation market, holding a share of 10.83% in 2022.

ISOVOLTA Group, VonRoll, Nippon Rika, Pamica and Elinar (Cogebi) are the five key players in the global Mica Tape for Insulation market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Mica Tape for Insulation market in the past 5 years.

Segmentation Overview:

As for product types, the Mica Glass Tape segment held the largest market share in 2021.

Mica Glass Tape

Mica glass tape is a high-temperature insulating material that uses glass cloth as a reinforcing material. It has a feature that both good flexibility and insulation performance, which can be used in the electrical industry.

Mica Polyester Tape

Mica Polyester Tape is a type of Mica tape that has polyester film. It can be used in electrical insulation.

Application Overview:

The market's largest segment by application is the segment Mica Glass Tape, with a market share of 51% in 2021.

Key Companies in the global Mica Tape for Insulation market covered in Chapter 3:

Jyoti
Glory Mica
Sakti Mica
Nippon Rika
Chhaperia
Pamica
Jufeng
Electrolock
Elinar (Cogebi)
Spbsluda
Shanghai Tongli
ISOVOLTA Group
Ruby Mica
OKABE MICA
VonRoll
Taihu
Krempel

In Chapter 4 and Chapter 14.2, on the basis of types, the Mica Tape for Insulation market from 2018 to 2029 is primarily split into:

Mica Glass Tape
Mica Polyester Tape
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Mica Tape for Insulation market from 2018 to 2029 covers:

Below 3.3 KV
3.3 KV to 6 KV
6 KV to 10 KV
Above 10 KV

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)