The Global Mica Market size is estimated to grow at a CAGR of 6.3% during 2018-2028. The market is driven by the increasing demand for coatings and paints, which are in turn boosted by the rising construction industry around the world. Mica can be found in most cosmetic products, such as lotions and lipsticks, but it has also been used extensively in electronics industries such as capacitors for electronic devices like smartphones or computers.
Mica is a naturally occurring mineral that can be found in different types of igneous, metamorphic, and sedimentary rocks. It has properties like high dielectric strength, thermal stability, and resistance to corrosion which makes it suitable for various applications such as glass production or paints & coatings. Mica also acts as an insulator in electronics devices because of its low-loss characteristics at high frequencies.
Other than being used for these uses, mica is also used as cosmetic additives such as talc or silicate powders due to their refractory nature. However, the main application segment where most of the global sales originate from are glasses manufacturing followed by construction materials especially the paint & coating industry.
On the basis of Type, the market is segmented into Natural, Synthetic.
Natural Mica are mined from bauxite deposits in the earth’s surface or from pegmatites (a type of igneous rock). When they're extracted, natural mica is usually found as a solid black block. After mining, it undergoes an intense process to remove all impurities such as dirt particles and other metals that could have contaminated the pure aluminum oxide crystals during its extraction phase. The manufacturing process for this kind of mica also includes heating to make sure the product does not contain any moisture before packaging begins.
Mica can be used as an insulator because it doesn't conduct heat well. The natural form of mica has unusual properties such as the ability to split light into its component rainbow hues while appearing colorless itself when viewed by transmitted light. Natural mica products are often used in paints, makeup, and plastics.
Synthetic Micas are made from metallic oxides, such as aluminum oxide (AlOa) or silicon dioxide (Si02). Synthetic micas are also known as artificial mica. Their color is similar to natural mica but they have a slightly different chemical composition. Some other names for synthetic micas include ceramic group minerals, manmade minerals,s and commercially pure grade of metal ore in the form of various crystalline forms. They can be used in products like cosmetics and paint additives because their uses outweigh any risk of being harmful when used on humans if handled properly during the manufacturing processes.
On the basis of Application, the market is segmented into Paint & Coatings, Electronics, Construction, and Cosmetics.
In paint formulations, this provides pigment opacity, hiding power (covering capability) for other pigments not having good hiding power themselves; may improve gloss level or flow-out time; also useful as a pigment extender.
Used in the production of insulators for capacitors, resistors, and other electronic components due to its high dielectric constant which reduces electrical charge leakage from insulation.
Applied as a surface finish on walls or ceilings with superior acoustical properties and long-term stability; also used as an additive to concrete mix for greater strength and flexibility when combined with cement (Portland) and water.
Natural mica can be found in some cosmetics such as eye shadow, blush, mascara, lipstick, etc.; it is often mixed with titanium dioxide because it reflects light better than most minerals do without any added coloration. Also known by names like "natural pearl," "pearl.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific market is the largest region in terms of mica production, accounting for 78.57% of the global share followed by Europe (14.82%), North America (0.04%) and Latin America (< 0%). The Asia Pacific is also the fastest-growing region with a growth rate of 12%. China dominates this market due to its large population and high demand for construction materials such as paints & coatings which account for more than half of total consumption in Asia Pacific countries including India, Japan, Malaysia, etc that are driven by rapid economic expansion among other factors like improvements in living standards.
The North American market is limited to two countries, namely Mexico and Canada. The demand in North America is derived from the construction industry for paints & coatings which accounts for 34% of total mica consumption followed by electronics (13%), cosmetics (12%), and others (< 0%). The Latin American market, on the other hand, has grown at a considerable pace due to expansion activities such as upgrading roads that have fueled demand in this region. Demand for paint & coating materials accounted for 31% of the global share with major players including Brazil, Colombia, etc., followed by construction materials. While China dominates Asia Pacific production; India leads growth rates accounting for more than half of total mica exports in 2017-2018.
Up Market Research published a new report titled “Mica Market research report which is segmented by Types (Natural, Synthetic), By Applications (Paints & Coatings, Electronics, Construction, Cosmetics, Others), By Players/Companies Asheville-Schoonmaker Mica Company, Daruka Minerals, Mica Manufacturing, The Premier Mica Company, USAMICA, BASF Catalysts, Franklin Industrial Minerals Co., Santa Fe Gold Corporation”.
|Report Attributes||Report Details|
|Report Title||Mica Market Research Report|
|By Type||Natural, Synthetic|
|By Application||Paints & Coatings, Electronics, Construction, Cosmetics, Others|
|By Companies||Asheville-Schoonmaker Mica Company, Daruka Minerals, Mica Manufacturing, The Premier Mica Company, USAMICA, BASF Catalysts, Franklin Industrial Minerals Co., Santa Fe Gold Corporation|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||225|
|Number of Tables & Figures||158|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Natural, Synthetic and By Application Paints & Coatings, Electronics, Construction, Cosmetics, Others.
Some of the companies that are profiled in this report are:
Mica Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Mica Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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