openPR Logo
Press release

Mica Market 2016 – Potential Growth, Analysis, Strategies and Forecast 2024

Mica Market 2016 – Potential Growth, Analysis, Strategies

The global market for mica is driven by applications across a diverse set of industries such as electronics, construction, cosmetics, plastic, rubber, and paints and coatings. The market earns a dominant share of its overall revenues from the electronics industry, applications across which are expected to be the key driver of the global mica market in the near future. With a constant rise in the population of people used to seeing and working with a vast variety of electronic and electric equipment on a daily basis for an endless set of applications, the electronics industry is expected to exhibit excellent growth in the next few years. The trend is expected to lead to the development of sustainable growth opportunities for the global mica market in the coming years.

Browse Market Research Report: http://www.transparencymarketresearch.com/mica-market.html

Transparency Market Research estimates that the global mica market will expand at a CAGR of 2.6% over the period between 2016 and 2024. In terms of revenue, the market is expected to exhibit a 3.8% CAGR over the said period, rising from a valuation of US$478.1 mn in 2015 to US$669.3 mn by 2024.

Ground Mica to Remain Market’s Most Preferred Mica Grade

In terms of grade, the global mica market is examined for sheet mica, built-up mica, and ground mica. Of these, ground mica is the most commonly used form of mica owing to its extensive usage across filler applications. Ground mica is used as a filler in joint compound in the construction industry, in preventing gypsum plaster boards from cracking, and protecting walls from moisture. Ground mica accounted for a dominant share of over 50% in the global mica market in 2015. Over the next few years as well, ground mica is expected to remain the most preferred grade of mica owing to increased usage across industries such as construction, paints and coatings, plastic, cosmetics, and rubber.

Sheet mica accounted for a 35% of the global mica market in 2015 and is expected to account for a similar share in the global market by the end of the forecast period. Demand for this grade of mica will be stimulated by the flourishing growth of the electronics industry, especially across emerging economies in Asia Pacific.

Get accurate market forecast and analysis on the Mica market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1920

Asia Pacific to Continue to Play Key Role in Market’s Development

Asia Pacific dominated the global mica market in 2015, accounting for a share of more than 40%. The rising demand for mica in industries such as electronics, paints and coatings, and construction has been the key to the substantial consumption of mica in the region in the past years. China was the leading producer and exporter of mica in the world in 2015. In the next few years, factors such as rising population and the subsequent rise in demand for electronic and electric equipment, paints and coatings, and residential infrastructure projects will be the key factors driving the market for mica in the region. India and ASEAN for the mica market in the next few years. Countries such as India, Japan, and China are expected to provide substantial growth opportunities for the mica market in the next few years.

Europe trailed Asia Pacific in terms of consumption of mica in 2015, constituting a 19.5% of the global mica market. The mica market in the regions is anticipated to exhibit moderate growth with a 2.2% CAGR over the period between 2016 and 2024. Growth will be primarily driven by opportunities in well-established industries such as paints and coatings, plastic, cosmetics, electronics, and rubber. The stabilizing construction industry in the region will also be catalytic for growth of the mica market.

Some of the key vendors operating in the global mica market are Gunpatroy Pvt. Ltd., Santa Fe Gold Corporation, The Premier Mica Company, Mica Manufacturing Co. Pvt. Ltd., Asheville-Schoonmaker Mica Company and Others.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Mica Market 2016 – Potential Growth, Analysis, Strategies and Forecast 2024 here

News-ID: 648992 • Views: 197

More Releases from Transparency Market Research

Distributed Operating System Market: A Latest Research Report to Share Industry …
A distributed operating system is a software which is a collection of distinct computational nodes that are networked, independent, and communicating in order to perform certain operations The distributed operating system manages the jobs that are serviced by multiple processing units. Every distinct node holds a precise software subset of the global collective operating system. Each subset is a composite of two distinct service provisions. The first subset is a universal kernel,
Research Outlines Huge Growth In Automatic Dependent Surveillance Broadcast Mark …
Automatic dependent surveillance-broadcast (ADS-B) is surveillance technology which enables an aircraft to determine its position through satellite navigation. Automatic dependent surveillance-broadcast (ADS-B) helps to track an aircraft through periodical broadcasts. As a replacement for secondary surveillance radar, automatic dependent surveillance - broadcast (ADS–B) technology can be used by air traffic control ground stations to gather information regarding tracking of the aircraft. It can also be used by other aircrafts to enable
RF Shielded Test Enclosures Market: Structure and Overview of Key Industry
RF shielded test enclosures, also called RF shielded test boxes, are used for testing of RF and microwave devices in an isolated test environment, which lacks interference of other devices as well as the external environment These test boxes are used in isolation from unintended electromagnetic interference in noisy surroundings. In order to check whether a device is functioning up to the mark in an isolated environment, these boxes are used
Pitot Tube Anemometers Market Will Escalate Rapidly in the Near Future
A pitot tube anemometer is a flow measurement device that is designed to measure and display air pressure, air velocity, volumetric flow, and air temperature Pitot tube anemometers involve use of the microprocessor technology for signal processing, which ensures quick and accurate measuring results Pitot tube anemometers are available in two types i.e. portable and fixed When not in use, a pitot tube anemometer should be placed in dry conditions and be protected

All 5 Releases


More Releases for Mica

Global Mica Paper Market Report 2019 Companies included Pamica, Jyoti, Spbsluda, …
Market Reports Company has recently published 7th edition of Mica Paper Market Report which covers historic data of year 2013 to 2018 along with a forecast till year 2026. For inquiry or free sample pages email us at: sales@marketreportscompany.com The report provides a comprehensive view on the current state and future prospects of the market which analyzes different strategies for business growth. The global Mica Paper market was valued at
Mica Paper Market 2017 - Pamica, Jyoti, Spbsluda, Sichun Meifeng Mica
Apex Market Reports, recently published a detailed market research study focused on the "Mica Paper Market" across the global, regional and country level. The report provides 360° analysis of "Mica Paper Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Mica Paper industry, and estimates the future trend of Mica Paper market
Mica Paper Market Report for Period 2017 till 2022 Sichun Meifeng Mica, Ashevill …
Global Mica Paper market report provides detailed analysis of companies namely Zhongtian Mica, Nippon Rika, Corona Films, Sakti Mica, Ruby mica, ISOVOLTA Group, Pamica, Jyoti, Spbsluda, Sichun Meifeng Mica, Asheville Mica, VPI Mica insulating materials and Others. This report study includes global market statistics and analysis for example, company performance, historical analysis 2012 to 2016, market forecast 2017 to 2023 in terms of volume, revenue, YOY growth rate, and CAGR
Mica Paper Market 2017 - Zhongtian Mica, Nippon Rika, Corona Films, Sakti Mica, …
Apex Research, recently published a detailed market research study focused on the "Mica Paper Market" across the global, regional and country level. The report provides 360° analysis of "Mica Paper Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Mica Paper industry, and estimates the future trend of Mica Paper market
Global Mica Paper Market 2017: Corona Films, Sichun Meifeng Mica, Ruby mica, Sak …
Global Mica Paper research report provides the complete and precise view of the market during the forecast period from 2017-2022. The Mica Paper market Report enlists the different factors which can help the readers in transforming their knowledge into vital business decisions. To start with the Mica Paper report analyses the market development based on market gains, extensive product applications, dominant market regions and the companies within these regions. At an
Global Sheet Mica Market 2017 - Sakti Mica Manufacturing Co., Sunwell, Spruce Pi …
This report studies Sheet Mica in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Sakti Mica Manufacturing Co. Sunwell Spruce Pine Mica Co. Access Full Report With TOC @ https://goo.gl/WkDLmZ By types, the