LONDON--(BUSINESS WIRE)--The mica market is expected to grow by USD 24.96 million during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the mica market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the response, recovery, and renewal phases. Download a Free Sample Report on COVID-19
The mica market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to decrease as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the next normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Mica Market Participants:
Antique Stoves Inc.
Antique Stoves Inc. operates the business in the Unified segment. The company offers different types of mica products such as mica sheets, micanite, natural mica, and lampshade mica. The mica-based products are mainly used for electrical insulation in electronics and electrical applications. Click Here to Get an Exclusive Free Sample Report
Asheville Mica Co.
Asheville Mica Co. operates the business in the Unified segment. The company offers natural mica such as Flake Mica CMG 35, Flake Mica Black, Muscovite Block Mica Grade 1, lampshade mica, stove mica, and mica paper among others.
BASF SE
BASF SE operates the business in various segments such as Agricultural Solutions, and Other. The company offers a line of natural mica products such as Cellini, Cloisonné, and Duocrome among others through its subsidiary BASF Colors & Effects.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/mica-market-industry-analysis
Mica Market 2020-2024: Segmentation
Mica market is segmented as below:
-
Type
- Natural
- Synthetic
-
Grade
- Ground
- Sheet
- Built-up
-
Application
- Electronics
- Paints And Coatings
- Construction
- Cosmetics
- Others
-
Geography
- APAC
- North America
- Europe
- MEA
- South America
The mica market is driven by the growing demand for mica from developing countries. In addition, other factors such as the increasing use of mica in paint technology are expected to trigger the mica market toward witnessing a CAGR of almost 1% during the forecast period.
Get more insights about the global trends impacting the future of the mica market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45938
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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