Trends, opportunities and forecast in mica market to 2025 by end use (electrical and electronics, construction, paint and coating, personal care, and others), by grade (ground mica, sheet mica, and built-up mica), by product type (natural and synthetic), and by region (North America, Europe, Asia Pacific, and the Rest of the World)
The future of the global 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 decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $709 million by 2025 with a CAGR of 2% to 4% from 2020 to 2025. The major drivers of growth for this market are growth in the electrical and electronics industry, growing construction activities, and increasing demand for personal care products.
Emerging trends, which have a direct impact on the dynamics of the mica industry, include growing use of ultrafine mica and increasing applications for synthetic mica.
In this market, electrical & electronics is the largest end use, whereas ground mica is the largest segment by grade type. Growth in various segments of the global mica market are given below: Mica Market by Segments
The study includes the mica market size and forecast for the mica market through 2025, segmented by end use , by grade, by product type, and region as follows:
Mica Market by End Use [Kilotones and $M shipment analysis from 2014 to 2025]: • Electrical and Electronics
• Paint and Coating
• Personal Care
Mica Market by Grade [Kilotones and $M shipment analysis from 2014 to 2025]: • Ground Mica
• Sheet Mica
• Built-up Mica
Mica Market by Product Type [Kilotones and $M shipment analysis from 2014 to 2025]: • Natural
Mica Market by Region [Kilotones and $M shipment analysis for 2014 to 2025]: • North America
• United States
• United Kingdom
• Asia Pacific
• The Rest of the World
Some of the mica market companies profiled in this report include Franklin Industrial Mineral, Mica Manufacturing Company, Cogebi N.
V, BASF, Asheville-Schoonmaker, Premier Mica Company, Imerys, Hebei Lingshou Mining and Building Material, Daruka Mineral, and Gunpatroy and others.
The analyst forecasts that ground mica will remain the largest segment and witness the highest growth over the forecast period due to growth in construction and paint & coating markets.
Within the mica market, the electrical and electronics segment is expected to remain the largest end use industry and witness highest growth over the forecast period due to increasing use of mica as an insulating material in electrical and electronics applications, such as capacitor, wire & cable, electric lighting & control equipment, and semiconductor.
Asia Pacific is expected to remain the largest region by value and volume and it is also expected to witness the highest growth over the forecast period due to the growth in electrical and electronics industry and increasing usage of joint compound, caulks & sealants, and grouts in construction industries.
Some of the features of this report:
• Market size estimates: Mica market size estimation in terms of value ($M) shipment.
• Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by end use industry.
• Segmentation analysis: Mica market size by end use, by grade, and by product type in terms of volume and value shipment.
• Regional analysis: Mica market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
• Growth opportunities: Analysis on growth opportunities in different applications and regions of the mica market.
• Strategic analysis: This includes M&A, new product development, and competitive landscape of polyolefin film in the mica market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for mica market by end use (electrical and electronics, construction, paint and coating, personal care, and others), by grade (ground mica, sheet mica, and built-up mica), by product type (natural and synthetic), and by 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 of the mica market?
Q.6 What are emerging trends of the mica market and the reasons behind them?
Q.7 What are some changing demands of customers for the mica market?
Q.8 What are the new developments of the mica market? Which companies are leading these developments?
Q.9 Who are the major players of the mica market? What strategic initiatives are being implemented by key players for business growth?
Key Features Description
Base Year for Estimation 2019
(Actual Estimates) 2014-2019
Forecast Period 2020-2025
Market Representation / Units Revenue in US $ Billion and Volume in Kilotones
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling
Market Segments By end use (electrical and electronics, construction, paint and coating, personal care, and others), by grade (ground mica, sheet mica, and built-up mica), by product type (natural and synthetic)
Regional Scope North America (The United States, Canada, and Mexico), Europe (Germany, France, and the UK), Asia Pacific (China, India, and Japan), and RoW (Brazil) Customization 10% Customization Without any Additional Cost
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