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

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

LONDON--()--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.

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.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

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

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

Technavio analysts forecast the global mica market to grow at a CAGR of over 2% during 2018-2022, according to their latest market research report.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200