Trends, opportunities and forecast in mica market to 2023 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)
According to a new market report published by Lucintel, the future of the global www.lucintel.com/mica-market.aspx 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 $678.2 million by 2023 with a CAGR of 3.6% from 2018 to 2023.
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.
Browse 110 market data tables and 131 figures spread through 215 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 and witness the highest growth 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.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing use of ultrafine mica and increasing applications for synthetic mica. 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 are among the major mica manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global mica market by end use, product type, grade, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Mica Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global mica market by end use, grade, product type and region as follows:
By End Use Industry [Kilotons and $M shipment analysis from 2012 to 2023]:
- Electrical and Electronics
- Paint and Coating
- Personal Care
By Grade [Kilotons and $M shipment analysis from 2012 to 2023]:
- Ground Mica
- Sheet Mica
- Built-Up Mica
By Product Type [Kilotons and $M shipment analysis from 2012 to 2023]:
By Region [Kilotons and $M shipment analysis for 2012 – 2023]:
- North America
- United States
- United Kingdom
- Asia Pacific
- The Rest of the World
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