Global Mica Mineral Market is valued at approximately USD XX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2020-2027. The sheet silicate mineral mica group comprises several closely related minerals with an almost perfect crystal structure. For a group of chemically and physically similar minerals, it is basically a mineral name. It is stable when exposed to electricity, light, humidity, and extreme temperature. This can be used in different consumer products, ranging from cosmetics to electronic appliances. To avoid sticking, it’s applied to rubber goods such as tires. Furthermore, it is used to enhance pigmentation in paints. The global market for mica is driven by the increasing use of mica in various applications such as electronics and paints and coatings. According to Statista, By 2024, electronics is projected to account for 27 percent of the global mica industry, led by 26 percent of paints and coatings. However, stringent environmental regulations are restraint while rapid industrialization in developing regions is the opportunity factor.
The regional analysis of the global Mica Mineral market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Owing to the growing mica application in electronic consumer goods, the North American mica market is expected to expand significantly over the next few years. In addition, mica is also used for calibration standards in condensers and as a dielectric in condensers which will further enhance mica use. The US is a major contributor to this regional the sector, owing to the growing demand for personal care products., the European mica market is expected to develop moderately over the forecast timespan, due to the rising application of mica across industries such as plastics, paints and coatings, cosmetics, electronics, and rubber In addition, the rising consumption of mica by the automotive industry is one of the main factors fuelling the European mica market
Major market player included in this report are:
Cogebi N.V
Franklin Industrial Minerals Co.
BASF Catalysts LLC
Gunpatroy Private Limited
Asheville- Schoonmaker Mica Company
Premier Mica Company
Cleveland Mica Company
Mica Manufacturing Co. Pvt. Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Ground Mica
Sheet Mica
Built-Up Mica
By Application:
Paintings and Coatings
Electronics
Construction
Cosmetics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year-2017, 2018
Base year-2019
Forecast period-2020 to 2027
Target Audience of the Global Mica Mineral Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
For More Information on the Research Report, refer to below links: –
Global Mica Mineral Market Analysis
Related Report: –
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
