Mica Market Current and Future Trends, Leading Players, Industry Segments and Regional Forecast By 2025

(The Express Wire via Comtex)

Increasing construction and renovation activities across several regions owing to rapid urbanization, rising startup culture, increasing employment, growth of companies, rising demand for recreation activities due to people’s high disposable incomes and inclination towards entertainment activities are the major factors fueling the growth of global mica market over the forecast period.

Further, increasing opportunities in electrical and electronics, paint and coating and personal care industries due to rising opportunities in construction and automobile sector are contributing to the growth of global mica market. Further, increasing opportunities for higher studies in several regions as well as job opportunities lead to shifting of people and staying in a particular area and regions adjacent to that, which increased the demand for high capacity infrastructure, thereby contributing to the growth of global mica market in coming years.

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Key companies dominating the global mica market are BASF Catalysts LLC, Daruka Minerals, Asheville-Schoonmaker Mica Company, Santa Fe Gold Corporation, Mica Manufacturing Co. Pvt. Ltd. and Cogebi N.V. Other dominant players operating mica market are Cleveland Mica Company, Gunpatroy Private Limited and Franklin Industrial Minerals Co.

Further, increasing requirement of mica in other industries for increasing applications is driving the industry growth in coming years. Several properties of mica that makes it useful in various sectors include high thermal insulation, excellent electric insulation, and stable behavior even if it goes through extreme conditions of heat, temperature and moisture are creating opportunities for the global mica industry growth over the forecast period.

However, the rising risk of potential health issues from mining activities and its serious impact on the environment are the major factors that may hamper the industry growth over the coming years, owing to the restrictions imposed by the government on mining activities and mining being the only source of obtaining raw mica.

Based on a regional frame of reference, Asia Pacific region dominated the global mica market in the year 2017 and is expected to witness significant gains in the coming years owing to high product demand from the construction, paint and coatings, infrastructure development and other industries in the region.

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Key segments of‘Global Mica Market’

Based on form, the market has been segmented into,

  • Natural Mica
  • Synthetic Mica

Based on grade, the market has been segmented into,

  • Ground Mica
  • Sheet Mica
  • Built-up Mica

Based on end-user, the market has been segmented into,

  • Paints and Coatings
  • Electronics
  • Construction
  • Cosmetics
  • Others (Rubber, Plastics, etc.)

Based on region, the market has been segmented into,

  • North America (U.S.)
  • Europe (UK, France, Germany)
  • Asia Pacific (China, Japan, India)
  • Latin America (Brazil)
  • Middle East and Africa

Table Of Content:

Chapter1. Executive Summary

Chapter2. Research Methodology

Chapter3. Mica Market Outlook

Chapter4. Global Mica Market Overview, By Type

Chapter5. Global Mica Market Overview, By Application

Chapter6. Global Mica Market Overview, By Region

Chapter7. Company Profiles

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Press Release Distributed by The Express Wire

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