Mica Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024
Transparency Market Research has published a new report titled “Mica Market for Paints & Coatings, Electronics, Construction, Cosmetics, and Other End-users – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024.” According to the report, the global mica market was valued at US$ 478.1 Mn in 2015 and is anticipated to reach US$ 669.3 Mn by 2024, expanding at a CAGR of 3.8% between 2016 and 2024.
Mica is widely used as insulator, pigment extender, and filler in various end-use industries. It is available in different forms such as natural and synthetic mica. It is also available in different grades such as ground mica, sheet mica, and built-up mica. Under natural form, mica is available as muscovite, phlogopite, lepidolite, and biotite. Under synthetic form, mica is available as fluorophlogopite. Mica is extensively employed in the electronics industry due to its insulating property. It is used in paints & coatings, construction, and cosmetics as a filler to improve shelf life of products. Mica is used to increase the flexibility and elasticity of products in plastics and rubber industries.