End-use Applications Drive Growth in Mica to Reach 404 Thousand Metric Tons by 2012, According to New Report by Global Industry Analysts

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The Mica industry's activity and progress is significantly impacted by both internal and external factors. While internal factors such as corporate activity and technology developments influence the course of the industry directly, external factors such as macroeconomic trends and other related industries exert an indirect influence. Internal factors such as plant closures create more demand while new plants meet growing demand. New technologies and process developments change the course of industry through trends such as increased production levels or creation of new product segments.

Mica: A Global Strategic Business Report

The global mica market is projected to reach 404 thousand metric tons by 2012, translating to a compounded annual growth rate (CAGR) of 3.2% through the period 2008-2012. Ground mica, with a share of over 99% in 2008, constitutes the largest product segment for mica, followed by sheet mica and built up mica. Ground mica is expected to maintain its leadership position and is projected to emerge as the fastest growing segment. The market for ground mica is projected to reach 400 thousand metric tons by 2012.

The United States represents the largest market for mica in 2008, with a share of about 40% of the global market, followed by Europe and Japan with shares of 24% and 17% respectively in the same year. The US market for Mica is estimated at 144 thousand metric tons for 2008 and is projected to grow at a compounded annual rate of 4.05% over the period 2008-2012.    

A major part of the mica industry is concentrated in North America, with two major production bases, US and Canada, and one largest consumption base - the US. Besides the US, other major mica producing countries include India, Russia, Korea, Brazil, France, and Canada. India is a primary supply source of superior grade quality and scrap mica, which find application in cosmetics, reconstituted mica paper and ground mica pearlescent pigment.

Mica is generally used as an insulator and dielectric in the electrical and electronics industry. However, use of mica in specialty segments in defense electronic products and automobile electronic components spurred demand in these industries. New end-use markets for built up mica such as designer articles, paper, and home decorative products are likely to emerge as significant segments. Demand for both forms of ground mica, wet and dry, is expected to grow in the short-term due to growing demand for pearlescent paints and cosmetics. The cosmetics industry is driving demand for ground mica, because of increasing applications in specialty cosmetic products such as age defying creams, sun screen lotions, pearlescent lipsticks, and hair glowing colorants.

Major mica producers profiled in the report include Santa Fe Gold Corporation, BASF Catalysts LLC, Cogebi NV, Franklin Industrial Minerals Co, and Gunpatroy Private Limited.

The report titled "Mica: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product overview, key markets worldwide, product introductions/innovations, and recent industry activity. The report analyzes market data and analytics for the period 2001 through 2015 in volume sales for the United States, Canada, Japan, France, Germany, the UK, Italy, Asia-Pacific, Middle East, and Latin America regions. The report also analyzes Ground Mica segment by the following end-use applications - Joint Compounds, Paints and Rubber, Cosmetics, Plastics, and Other Applications.

For more details about this research report, please visit http://www.strategyr.com/Mica_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press@StrategyR.com
Web Site http://www.strategyr.com/

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