Mica Powder Market Scope
Mica refers to natural stone mineral with shiny flakes. It helps to enhance the tone of colored pigments and also used in paints as a color extender. It has numerous applications in the electronic as it is a superior insulator. Mica powder market has high growth prospects owing to increasing demand form the electronics, paints and coatings, construction, cosmetics, and other industry verticals.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Imerys Minerals (France), The Earth Pigments Company (United States), Reade International (United States), Matsuo Sangyo (Japan) and Yamaguchi Mica Co., Ltd. (Japan) |
CAGR | 5.8% |
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Mica Powder market throughout the predicted period.
Imerys Minerals (France), The Earth Pigments Company (United States), Reade International (United States), Matsuo Sangyo (Japan) and Yamaguchi Mica Co., Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Daruka International (India) and Vinayaka Microns (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Mica Powder market by Type , by Application (Electronics, Paints and Coatings, Construction, Cosmetics and Others) and Region with country level break-up.
On the basis of geography, the market of Mica Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
In December 2023,Sun Chemical launches Lumina® HD, a new family of high-definition effect pigments based on fine fraction synthetic mica that was developed to expand the color space for automotive stylings and other coatings applications, including aerospace, general industrial and powder coatings.
“According to the Food and Drug Administration (FDA), specifications for mica shall conform to the following specifications and shall be free from impurities other than those named to the extent that such other impurities may be avoided by good manufacturing practice, Fineness, 100 percent shall pass through a 100-mesh sieve. Loss on ignition at 600-650 deg. C, not more than 2 percent. Lead (as Pb), not more than 20 parts per million. Arsenic (as As), not more than 3 parts per million. Mercury (as Hg), not more than 1 part per million.”
Influencing Trend:
Growing Demand for the Dry Ground Mica
Market Growth Drivers:
Increasing Demand for the Mineral-Based Cosmetic Products and Rising Demand from the End-Use Industries
Challenges:
Availability of Substitute Products
Restraints:
Stringent Government Regulations Regarding Mica Powder
Opportunities:
Rising Applications in the Electronic and Electrical Industries and Increasing Demand from the Developing Economies
Key Target Audience
Mica Powder Manufacturers, Mica Powder Distributors, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others