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Market Overview of Global Mica Tape for Insulation market:
According to our latest research, the global Mica Tape for Insulation market looks promising in the next 5 years. As of 2022, the global Mica Tape for Insulation market was estimated at USD 601.5 million, and it's anticipated to reach USD 756.7 million in 2028, with a CAGR of 3.9% during the forecast years.
Micas are a cluster of minerals. Its mica crystals can easily be divided into extremely thin elastic plates. Mica tape is made using mica paper glued special resin to the substrate of the polyethylene or glass fiber. Mica Tape is a high quality insulation material. 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.
Product's own advantages
The advantages of mica tape are good dielectric strength, inorganic content, does not support corona, thermal conductivity, low dissipation factor and easily impregnated with resin. Mica has excellent insulating properties. In recent years, industries such as power generation, power transmission and transformation have developed rapidly. At the same time, a series of incentive measures have been adopted in the development of new energy, smart grid construction, high-speed railways, energy-saving motors and household appliances. The industries of electric power, electronics, motors, power transmission and transformation and household appliances continue to grow and develop rapidly, bringing huge market demand for insulating materials in traditional and emerging markets. The increase in demand for insulating materials has led to the development of the mica tape for insulation market.
Synthetic mica has problems and concerns
High melting point impurities are easily produced in synthetic mica, and these high melting point impurities greatly reduce the quality of mica. The main problem in the development of the synthetic mica market is the toxicity of F ions in the product. Since the molecular structure of mica will be cracked at high temperature, muscovite and phlogopite will release crystal water, and fluorphlogopite will gradually release fluoride ions with a content of nearly 10%, and fluoride ions are extremely toxic and corrosive. When the material used in the fire-resistant cable contains fluoride ions, it will cause harm to personal safety. Concerns about these production and use may constrain the market.
Region Overview:
In global comparison, a significant portion of the revenue was generated in Asia Pacific (43.93% in 2021).
Company Overview:
ISOVOLTA Group is one of the major players operating in the Mica Tape for Insulation market, holding a share of 10.83% in 2022.
ISOVOLTA Group, VonRoll, Nippon Rika, Pamica and Elinar (Cogebi) are the five key players in the global Mica Tape for Insulation market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Mica Tape for Insulation market in the past 5 years.
Segmentation Overview:
As for product types, the Mica Glass Tape segment held the largest market share in 2021.
Mica Glass Tape
Mica glass tape is a high-temperature insulating material that uses glass cloth as a reinforcing material. It has a feature that both good flexibility and insulation performance, which can be used in the electrical industry.
Mica Polyester Tape
Mica Polyester Tape is a type of Mica tape that has polyester film. It can be used in electrical insulation.
Application Overview:
The market's largest segment by application is the segment Mica Glass Tape, with a market share of 51% in 2021.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Mica Tape for Insulation market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Mica Tape for Insulation Market Report:
Market Size Estimates: Mica Tape for Insulation market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Mica Tape for Insulation market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Mica Tape for Insulation market
Segment Market Analysis: Mica Tape for Insulation market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Mica Tape for Insulation market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Mica Tape for Insulation Market: Revenue and sales volume of major countries in each region
Mica Tape for Insulation Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Mica Tape for Insulation market in major regions.
Mica Tape for Insulation Industry Value Chain: Mica Tape for Insulation market raw materials & suppliers, manufacturing process, distributors, downstream customers
Mica Tape for Insulation Industry News, Policies & Regulations
Key players in the global Mica Tape for Insulation market are covered in Chapter 12:
Chhaperia
Sakti Mica
Glory Mica
Jufeng
Spbsluda
Pamica
VonRoll
OKABE MICA
Taihu
Electrolock
Krempel
Shanghai Tongli
Elinar (Cogebi)
Jyoti
Nippon Rika
ISOVOLTA Group
Ruby Mica
In Chapter 2 and Chapter 15.1, based on types, the Mica Tape for Insulation market from 2018 to 2028 is primarily split into:
Mica Glass Tape
Mica Polyester Tape
Others
In Chapter 3 and Chapter 15.2, based on applications, the Mica Tape for Insulation market from 2018 to 2028 covers:
Below 3.3 KV
3.3 KV to 6 KV
6 KV to 10 KV
Above 10 KV
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Mica Tape for Insulation market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028