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Mica Tape for Insulation Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Mica Tape for Insulation Market- (By Product – Phlogopite, Muscovite, and Synthetic Mica; By Application - Electrical Insulation and Thermal Insulation; By Industry Vertical - Industrial/ Traction Motor & Coils, Transformer Manufacturing, Locomotive and Others; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 30-Mar-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0322186
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Mica Tape for Insulation Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 167.2 Mn
Expected Revenue in 2027US$ 200.1 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
CAGR3%
Segments coveredBy Product, Application, Industry Vertical, and Region
Leading playersCogebi AS, Isovolta AG, Nippon Rika Kogyosho Co., Ltd., and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

The various properties of mica tapes are good dielectric strength, thermal conductivity, excellent tensile strength, anti-shock capabilities, and low dissipation factor among others. 

Phlogopite, muscovite, and synthetic mica are the different types of mica tapes.

The end-use industries in the mica tape for insulation market are industrial / traction motor & coils, transformer manufacturing, locomotive and wind power among others.

The Global Mica Tape for Insulation Market was valued at US$ 167.2 Mn in 2021.

Global Mica Tape for Insulation Market is estimated to expand at a CAGR of 3% over the forecast period.

The market is majorly driven by factors such as surging utilization of mica tapes in wind power generators, growing trend of building thermal insulation, and rising application of mica tape for high-voltage coils and traction motors.

The easy availability of alternatives, such as acrylate polymers, polyester, phenolic and vulcanized fiber among others and rising health concerns related to mica and its products are hampering the market growth. 

Mica tapes, which utilizes electrical insulation, heat resistance, and unique design are ideal for manufacturing electric vehicles and this is expected to provide opportunity for market expansion.

Muscovite segment holds the highest share in the mica tape for insulation market.

Thermal insulation segment has the highest share in the Global Mica Tape for Insulation Market in 2021.

Asia Pacific dominates the Global Mica Tape for Insulation Market.

The key players in the Global Mica Tape for Insulation Market are Cogebi AS, Isovolta AG, Nippon Rika Kogyosho Co., Ltd., Von Roll Holding AG, and Jiaxing St New Materials Co. Ltd among others.