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.According to AMA, the market for Mica Powder is expected to register a CAGR of 2019.0% during the forecast period to 2024. This growth is primarily driven by Increasing Demand for the Mineral-Based Cosmetic Products and Rising Demand from the End-Use Industries.
Globally, a noticeable market trend is evident Growing Demand for the Dry Ground Mica. Major Vendors, such as Imerys Minerals (France), The Earth Pigments Company (United States), Reade International (United States), Matsuo Sangyo (Japan), Yamaguchi Mica Co., Ltd. (Japan), Daruka International (India) and Vinayaka Microns (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
“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.”
- Increasing Demand for the Mineral-Based Cosmetic Products
- Rising Demand from the End-Use Industries
- Growing Demand for the Dry Ground Mica
- Stringent Government Regulations Regarding Mica Powder
Rising Applications in the Electronic and Electrical Industries and Increasing Demand from the Developing Economies
Availability of Substitute Products
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