Mica Market Size to Grow by 102.87 th tons from 2020 to 2025 | Growing Demand for Mica from Developing Countries to Boost Growth | Technavio

NEW YORK, Nov. 9, 2021 /PRNewswire/ — The mica market is expected to grow by 102.87 th tons from 2020…

NEW YORK, Nov. 9, 2021 /PRNewswire/ — The mica market is expected to grow by 102.87 th tons from 2020 to 2025, progressing at a CAGR of 2.65%, according to Technavio. The report offers an up-to-date analysis as well as exact growth variance and Y-O-Y growth rate. 

 

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The mica market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The mica market report covers the following areas:

Mica Market 2021-2025: Segmentation

Mica market is segmented as below:

  • Type
    • Natural
    • Synthetic
  • Application
    • Electronics
    • Paints And Coatings
    • Construction
    • Cosmetics
    • Others
  • Geography
    • APAC
    • North America
    • Europe
    • MEA
    • South America

For additional information about the contribution of each segment of the market, Download a Free Sample

Mica Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.

The growing demand for mica from developing countries, high requirement of mica to produce pearlescent pigments, and the increase in demand for mica from the electronics industry will offer immense growth opportunities. However, stringent regulations and policies, illegal mica mining, and threat from substitutes will challenge the growth of market participants.

Mica Market 2021-2025: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the mica market, including Antique Stoves, Asheville Mica Co., BASF SE, Daruka International, Jalan Mica Exports, Luossavaara-Kiirunavaara AB, Mica Manufacturing Co. Pvt. Ltd., Sakti Mica Manufacturing Co., The Premier Mica Co., and YAMAGUCHI MICA Co. Ltd. Backed with competitive intelligence and benchmarking, our research report on the mica market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

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Regional Analysis

Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities. Based on geography, the mica market has been segmented into five regions, namely APAC, North America, Europe, MEA, and South America. Among these regions, APAC will account for 62% of the growth of the market during the forecast period. The key countries for the market in the region are South Korea (Republic of Korea) and China. Moreover, APAC is expected to register a fast growth rate during the forecast period. Therefore, the region will offer several growth opportunities to market vendors.

Mica Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist mica market growth during the next five years
  • Estimation of the mica market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the mica market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of mica market vendors

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Mica Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.65%

Market growth 2021-2025

102.87 th tons

Market structure

Fragmented

YoY growth (%)

1.97

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 62%

Key consumer countries

US, China, South Korea (Republic of Korea), France, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Antique Stoves, Asheville Mica Co., BASF SE, Daruka International, Jalan Mica Exports, Luossavaara-Kiirunavaara AB, Mica Manufacturing Co. Pvt. Ltd., Sakti Mica Manufacturing Co., The Premier Mica Co., and YAMAGUCHI MICA Co. Ltd.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

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