Market Overview

Global Mica Market 2018-2022| Growing Demand for Mica from the Developing Countries to Boost Growth| Technavio

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Technavio
analysts forecast the global mica market to grow at a CAGR of over 2%
during the forecast period, according to their latest market research
report.

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Technavio has published a new market research report on the global mica market from 2018-2022. (Grap ...

Technavio has published a new market research report on the global mica market from 2018-2022. (Graphic: Business Wire)

The increasing use of mica in the novel paint technology is one of the
major trends being witnessed in the global
mica market 2018-2022
. The increasing use of mica in the modern
paint technology and pearlescent finish for automotive paints is
expected to drive the market growth during the forecast period. The
modern paint technologies involve the use of various clear coats and
materials to obtain a superior and durable, long-lasting finish.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global mica market is the growing demand for mica from
the developing countries:

Global mica market: Growing demand for mica
from the developing countries

The demand for mica from the developing economies, such as China, India,
Brazil, Mexico, Philippines, and Indonesia, is expected to increase in
the next five years. These countries offer low transportation costs,
easy availability of land, low cost of labor, easy accessibility of raw
materials, and less stringent regulations and policies by the
government, thus, multiple manufacturers of mica are shifting their
manufacturing units to these regions.

According to a senior analyst at Technavio for research on metals and
minerals, "Factors such as the growing population, high disposable
income and increasing purchasing power in developing countries of APAC
and Latin America are promoting higher investment in the construction,
automotive, and electronics industries. In APAC, the emergence of China
and India as the manufacturing hubs of electronics and automobile
industries is expected to improve the market growth. The growing demand
for smartphones and laptops in this region is expected to drive the
demand for mica."

Global mica market: Segmentation analysis

The global mica market research report provides market segmentation by
application (electronics, paints and coatings, construction, and
cosmetics) and by region (the Americas, EMEA, and APAC). It provides an
in-depth analysis of the prominent factors influencing the market,
including drivers, opportunities, trends, and industry-specific
challenges.

The electronics segment held the largest market share in 2017,
accounting for nearly 28% of the market. This application segment is
expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 48%. The
region is expected to dominate the market through 2022, with an increase
in its market share.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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