The Global Mica Market is Expected to Reach an Estimated $1 Billion by 2030
The Global Mica Market is Expected to Reach an Estimated $1 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global mica market looks promising with opportunities in the electrical and electronics, construction, paint & coating, and personal care industries markets. The global mica market is expected to reach an estimated $1 billion by 2030 at a CAGR of 5.2% from 2023 to 2030. The major drivers for this market are growth in the electrical and electronics industry, increasing use in construction and paints, and rising demand for cosmetics and personal care products.
In this market, ground mica, sheet mica, and built-up mica are the major segments of mica market by grade.
Lucintel forecasts that electrical and electronics will remain the largest segment 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.
Within this market, ground mica will remain the largest segment due to growth in construction and paint & coating markets.
APAC is expected to witness the highest growth over the forecast period due to growth in electrical and electronics industry and increasing usage of joint compound, caulks & sealants, and grouts in construction industries.
Franklin Industrial Minerals, Pacer Corporation, Mica Manufacturing, Cogebi N.V., BASF, Asheville-Schoonmaker, and Premier Mica Company are the major suppliers in the mica market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cast visit Lucintel’s Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056