Mica Tape Market: Introduction
Mica tape is a high quality insulating material used in the production of fire resistant cables. It has high temperature resistance, high corrosion resistance, high pressure resistance and extremely high dielectric strength along with excellent tensile strength. Mica tape has been utilizing by various industries due to its flexibility, low cost, easy installation, longevity and many. It is manufactured with mica paper (natural phlogopite or synthetic mica) and laminated it with various reinforcements such as epoxy or silicon resins. Generally the thickness of the tape 0.08 mm to 0.15 mm, but the thicker tapes have a thickness of 0.2 mm to 0.8 mm. The factors which plays a vital role in determining the properties of the mica tape are kind of mica paper used, type and amount of resin (binder) used, type of applied substrate like glass fiber, ceramic or polyethylene.
Mica Tape Market: Dynamics
Growing demand for heat resistant materials and electrical insulating materials to provide protection to wires and cables to increase the durability and effectiveness are some of the factors that are contributing the demand for mica tape globally. Due to the excellent properties shown by mica tape, it has found application in wide range of industries such as insulation of the electric cables and coils in power stations, computer and telecommunication, electronics and automobile industries and many more. Especially its high temperature resistance and re-processing cannot be easily replaced by any other materials.
The rise in the usage of electric vehicles will assist the market growth of the mica tape as it will be used in the battery cables. The current global market size of mica tape is more than a half a billion USD and it is expected to grow in the upcoming decade. As research is going on for various insulating materials mica tape market is going to face a tough competition.
Mica Tape Market: Covid-19 Impact Assessment
The ongoing pandemic of Covid19 and associated lockdowns by regional governments has affected industrial activity to a considerable extent. The noticeable aspects have been disruption in the supply chain, reduced demand from end use sector and subsequent downsizing of production rate. The same also holds true for electrical industry where the production of wires and cables has been decreased thereby affecting the participants in the value chain including mica tape manufacturers. Post the initial quarters of 2020, the revival of market growth is however expected to occur in the next 3 to 4 quarters with the uplift of the lockdown and resumption of industrial activities.
Mica Tape Market: Segmentation
Globally, the diverse market of Mica Tape can be segmented on the basis of types, applications and application spectrum
On the basis of type, the global Mica Tape market is segmented as
On the basis of end use application, the global Mica Tape market is segmented as:
On the basis of application spectrum, the market of Mica Tape is segmented globally as
Mica Tape Market: Regional Outlook
Asia-pacific region is considered to be a leading market of Mica Tapes with China, India and Japan being the prominent countries. The growth trend has been attributable owing to demand from the established production hub of electronics and electrical devices and motors in these countries.
Europe is touted to be another significant market for the mica tape, with a sound balance of supply and demand in the domestic market. Some of the key manufacturers of mica tape ing the globe are in fact situated in the region.
In North America basically in US and Canada a potential market for insulating materials in various industries like electronics, automobile, aeronautical etc has directly or indirectly activate the need of mica tape.
The mica tape market growth is also expected to be buoyed by opportunities of emerging markets of Latin America, ASEAN countries which have evolved as major manufacturing hubs for tier-1 OEMs.
Mica Tape Market: Key Participants
Top manufacturers in the global Mica Tape market are listed below
Market research report on the Mica Tape presents a broad evaluation containing thoughtful insights, facts, historical data, statistically supported and industry validated market information. The Mica Tape market report also consist of projections using suitable sets of assumptions and methodologies. The report provides in depth analysis and information according to market segments like geography, type, and applications.
The report covers exhaustive analysis on:
Regional analysis includes:
The global Mica Tape market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Mica Tape market segments and geographies.