8. MICA MARKET
What is the global market for mica?
The global market for mica is driven by applications across a diverse set of industries
such as electronics, construction, cosmetics, plastic, rubber, and paints and coatings.
The future of the global mica market looks promising with opportunities in the
electrical and electronics, construction, paint & coating, and personal care industries.
The global mica market is expected to decline in 2020 due to global economic
recession led by COVID-19. However, market will witness recovery in the year 2021
and it is expected to reach an estimated $709 million by 2025 with a CAGR of 2% to
4% from 2020 to 2025.The major drivers of growth for this market are growth in the
electrical and electronics industry, growing construction activities, and increasing
demand for personal care products.
23. MICA Project Database
https://www.primaryinfo.com/mica.htm
Mica commonly occurs in flakes,
scales or shreds. Sheet muscovite mica
is used in electronic insulators, ground
mica in paints as well as in joint-cement
as a dusting agent. It is also used in the
manufacture of plastics, in roofing and in
welding rods