Mica Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

 According to the report published by Facts & Factors, the global Mica Market size was worth around USD 570 million in 2019 and is predicted to grow around USD 750 million by 2026 with a compound annual growth rate (CAGR) of roughly 4% between 2020 and 2026. The report analyzes the global Mica Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Mica Market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the mica industry. The report analyzes and declares the historical and current trends analysis of the mica industry and subsequently recommends the projected trends anticipated to be observed in the mica market during the upcoming years.

The mica market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire mica market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• According to the primary respondents, the global mica market is set to grow annually at a rate of around 4%
• The market was valued at around USD 570 million, in 2019 and is projected to reach around USD 750 million, in 2026.
• The “natural mica” category was the dominating type segmentation of the market, in 2019 and is estimated to maintain its dominance in the next few years as well.
• “Ground mica” category of the grade segment is expected to grow significantly in the upcoming years owing to the increasing use in construction, paints & coatings, plastic, rubber, and cosmetics industries.
• Based on the application segmentation, the “electrical & electronics” category held the largest share, in 2019.
• The Asia Pacific region dominated the global mica market, in 2019. China was the largest contributing country within the region.

Key Recommendations from Analysts

• As per our analysts, the global mica market is projected to grow significantly in the future. The growing consumption of mica in large number industries such as construction, electrical & electronics, paints & coatings, and cosmetics industries.
• The surge in the demand Formica in the automotive industry for various applications such as brake pads, clutch pads, silencers, batteries, led lamps, and electronic parts, is projected to boost the market growth.
• The Asia Pacific is the potential region for the global mica market. The surging construction industry in developing countries like China, India, Japan, Philippines, and Indonesia is estimated to increase the demand for mica.
• Growing at a CAGR around 4%, the global mica market provides several opportunities for suppliers, manufacturers, and distributors across the globe.
• Our analysts have identified “electrical & electronics” and “paint & coating” categories are the major consumers of the mica, globally.
• The major players of the mica market are focusing on product innovation and strategic alliances to maintain its position in the market. Moreover, with the rising demand for mica, the players are also focusing on the pricing of the product. For instance, Imerys announced the increase in its product prices ranging from 4.0% to 9.0%, based on product type, packaging type, and delivery terms. The price increases will apply across all Mica, Diatomite, Kaolin, Calcium Carbonate, Wollastonite, and Perlite products among others.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the mica industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the mica industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the mica market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the mica industry. The mica market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

Report Scope

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the mica sector. Key strategic developments in the mica market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the mica market are appropriately highlighted in the report.

The growing construction and electrical & electronics industries across the globe are further projected to boost the global mica market. In the construction industry, mica is extensively used for wallboards, cladding, joint compounds, and plasters. Moreover, the rising application of mica in the electrical & electronics for producing electronic products such as toasters, LED lights, hairdryers, lighting equipment, and smoke detectors is likely to propel the mica market growth in the upcoming years as well.

The mica market research report delivers an acute valuation and taxonomy of the mica industry by practically splitting the market on the basis of different types, grades, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the mica industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the mica industry is provided for the leading economies of the world.

The mica market is segmented based on Type, Grade, and Application. On the basis of type segmentation, the market is classified as intonatural and synthetic. Based on the grade, the market is segregated into ground mica, sheet mica, and built-up mica. In terms of end-user segmentation, the market is bifurcated into the electrical & electronics, cosmetics & personal care, construction, paint & coating, and others.

Some of the essential players operating in the mica market, but not restricted to include

• COGEBI
•  BASF Catalysts
•  Daruka Minerals
•  Premier Mica Company
•  Mica Manufacturing
•  Gunpatroy
• Cleveland Mica Company
• Franklin Industrial Minerals
• Asheville-Schoonmaker Mica
• Imerysamong

The taxonomy of the mica market by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Natural
• Synthetic

By Grade Segmentation Analysis

• Ground Mica
• Sheet Mica
• Built-Up Mica

By End-User Segmentation Analysis

• Electrical & Electronics
• Cosmetics & Personal Care
• Construction
• Paint & Coating
• Others

Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa