Globally, the consumption and production of mica has significantly risen. Mica is obtained as a byproduct from the mining of feldspar from granite sources. It has a crystalline structure that forms layers that can be delaminated into thin films of sheet. Mica remains stable when it is exposed to light, electricity, moisture, or extreme temperatures, owing to which demand for it is very high from the electronics industry. Due to its crystalline properties, mica is used for varied industrial purposes.
The report provides an executive-level blueprint of the global mica market. For the purpose of study, the global mica market has been segmented into four groups based on the distinct mica types: ground mica, sheet mica, built-up mica, and block mica. Regions such as Europe, South America, North America, Asia Pacific, and Rest of the World exhibit high demand for mica across a spectrum of applications, which is expected to grow significantly in the coming years.
The overview section of the report includes a detailed analysis of the market’s growth drivers, restraints, trends, and opportunities opening up in the market. Using analytical tools such as SWOT analysis and Porter’s five forces analysis, the report evaluates the strength, weaknesses, opportunities, threats, and possible bottlenecks that the leading companies in the market may encounter. Based on information sourced through primary and secondary research, the report draws refined growth forecasts for the market.
Overview of the Global Mica Market
The market for mica is expanding steadily around the world. The demand for mica materials is high across industries such as construction, plastics, cosmetics, paints and coatings, rubber, and others. Mica is used in the paints and coatings industry as a component that extends the shelf life of pigments. It also brightens the intensity of colored pigments. In the electronics industry, mica is used as an electrical insulator and thermal insulator in electronic equipment. Owing to the presence of crystalline elements in mica, the material is extensively used in the production of toothpaste and cosmetics.
Thin films of sheet obtained from mica are chemically inert, flexible, and very durable. Mica materials have high thermal resistance, a primary reason leading to its accelerated application as an insulation in electronic items. The increased use of mica in the cosmetics industry has also substantially contributed to the global mica market.
Despite registering steady rise in demand across several industries, the market will be challenged by the risk of lung diseases and inflammation that exposure to mica can cause. Nevertheless, technological advances adopted by leading industries and the use of mica in robotics will expand the market opportunities for the global mica industry in the near future.
Companies mentioned in the research report
Some of the leading players profiled in the report are BASF Catalysts LLC, Santa Fe Gold Corporation, Daruka Minerals, Cogebi N.V., Mica Manufacturing Co. Pvt. Ltd, Franklin Industrial Minerals Co, Gunpatroy Private Limited, Asheville-Schoonmaker Mica Company, and Cleveland Mica Company.
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments