Global Mica Market: R&D to Play Important Role in Broadening Application Spectrum, Says Tmr

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Research

Mica Market (Form Type - Natural, Synthetic; Grade Ground Mica, Sheet Mica, Built-up Mica; End-user Paints & Coatings, Electronics, Construction,

Cosmetics) - Global Industry Analysis, Size, Share,

Growth, Trends, and Forecast 2016 - 2024

Published Date

14-Sept-2016

172 Page Report

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Global Mica Market: R&D to Play Important Role in

Broadening Application Spectrum, says TMR

Transparency Market Research

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Mica Market

REPORT DESCRIPTION

Mica Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

The global mica market is led by companies such as The Premier Mica Company, Ashville-Schoonmaker Mica

Company, and Mica Manufacturing Co. Pvt. Ltd. Large-scale manufacturers have easy access to raw materials

owing to their integrated operations, thereby boasting a competitive advantage over other companies. The

business dynamics depend on goodwill of companies and long-term contracts. Transparency Market Research

in its new study, recommends companies to invest in R&D for introducing new and improved products in the

market and also focus on the production of customized products by assessing the needs of customers.

Numerous substitutes for mica are available in the market, including acrylate fiberglass, polymers, nylon,

cellulose acetate, phenolics, and fish paper. These substitutes can replace mica for its filler, electronics,

electrical, and insulation usage. Thus, the threat of substitutes will be high in the coming years.

Surge in Electronics Industry to Boost Asia Pacific Mica Market

According to the report, the global mica market is expected to rise from US$478.1 mn in 2015 to US$669.3 mn

by 2024. The Asia Pacific region led the mica market in 2015 and this trend is anticipated to continue through

2024. The growing...