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Mica Tape for Insulation Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Mica Tape for Insulation Market: By Product (Phlogopite, Muscovite, and Synthetic Mica); Application (Electrical Insulation and Thermal Insulation; Industry Vertical (Industrial/ Traction Motor & Coils, Transformer Manufacturing, Locomotive and Others); and Region—Industry Dynamics, Market Size and Opportunity Forecast, 2031

  • Published Date: Mar-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0322186  | Delivery: 2 to 4 Hours
Mica Tape for Insulation Market

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Report AttributeDetails
Market Size Value in 2022US$ 171.0 Mn
Expected Revenue in 2031US$ 225.2 Mn
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Product, By Application, By Industry Vertical, By Region
Leading players                                                                                                                                                                 Axim Mica Corp, Brantingham and Carroll International, Ltd. (BCI Insulation), Chhaperia International Company, Cogebi AS, Dongguan Yat Mica Industrial Limited, Elecom Tape Co., Ltd., Electrolock Inc., Elkem ASA, Final Advanced Materials Sàrl, Glory Mica Co., Ltd., Isovolta AG, Jiaxing St New Materials Co., Ltd., Jyoti Hi-tech, India, Micatapes Europe SPRL, Nippon Rika Kogyosho Co., Ltd., Okabe Mica Co., Ltd., Pamica Group Electrical Ltd., Pittsburgh Electrical Insulation, Ruby Mica Co. Ltd., Sakti Mica Manufacturing Co., Shanghai Haiying, Insulation Glass Fiber Co., Ltd., Shaoxing Kaichen Mica Material Co., Ltd., Shenzhen Ktyu Insulating Co., Ltd., Sichuan Meifeng Group Co., Ltd., Sweco Inc., Von Roll Holding AG, Other Prominent Players
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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$ 171.0 Mn in 2022.

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 2022.

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.