Mica Market: Technological Advancements, Current and Future Scenario Of The Global Market

Market Overview:

According to Stratistics MRC, the Global Mica Market is accounted for $515.13 million in 2017 and is expected to reach $840.36 million by 2026 growing at a CAGR of 5.5% during the forecast period. Increasing demand from numerous industries such as cosmetics, plastics, construction, electronics, paints and coatings and rubber industry is the key driving factors for the market growth. However, suppositions that exposure to mica can lead to lung-related inflammations and diseases is hampering the market.

Mica is mainly used as insulator, pigment extender, and filler in electronics, paints & coatings, construction, cosmetics, and other industries. It is light, relatively soft and flexible kind of product with dielectric, hydrophilic, insulating, and elastic properties. It occurs in various forms and grades. It is manufactured as a byproduct from the mining of feldspar. It has a unique characteristic when it is exposed to temperature and moisture.

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Top Industry Players:

Some of the key players profiled in the Mica Market include Daruka Minerals, Mica Manufacturing Co. Pvt. Ltd., Santa Fe Gold Corporation, CVC Mining Company, Gunpatroy Private Limited, Krishna Mining Company, The Premier Mica Company, Asheville-Schoonmaker Mica Company, Sichuan Meifeng Mica Industry Co. Ltd., Yashoda Mica And Mining Pvt. Ltd, BASF Catalysts LLC, Cogebi N.V., Cleveland Mica Company and Franklin Industrial Minerals Co.

Key features of Mica market:
• In-depth knowledge of Mica market that supports opportunities, growth, restraints and practicability study.
• Study of emerging markets furthermore a complete analysis of existing Mica market segments.
• Dominating market Mica players are cited in the report.
• The developing Mica market tendencies and technologies have accelerated number of enterprise models and corporations across the globe.
• Decent classification of Mica market is done on the basis of end-user applications, major product type, mode of transport, market size, and application.
• The data provided in this research Mica report is descriptive not only in terms of quantity but also quality

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Market Segments:

By end user, paints & coatings segment is driven by due to the extended shelf life and enhance the intensity and brightness of colored pigments. By geography, Asia Pacific is anticipated to dominate the market due to increasing demand for mica in industries such as electronics, paints and coatings and construction has been the key to the important consumption of mica in this region.

Grades Covered:
• Built-up Mica
• Ground Mica
• Sheet Mica

Forms Covered:
• Synthetic Mica
• Natural Mica

End-users Covered:
• Electronics
• Cosmetics
• Paints & Coatings
• Construction
• Other End Users

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