Mica paper is obtained through a hydraulic separation process of the top quality mica (calcined, or synthetic, phlogopite, and muscovite). It is used across all types of micanite tapes and micanite plates. Its fire-resistant and dielectric properties make it suitable for application in several electrical appliances. The paper’s specialized applications include laser devices, radar systems, medical electronics, and aerospace components in air, sea, and ground-launched missile systems. Its exemplary thermal, electronic, and mechanical properties are expected to augment its demand across various end-use industries. The expansion of electronic and electrical industries due to rising digitalization is predicted to be a major factor boosting the industry’s expansion.
However, the recent coronavirus pandemic made the industry face a diminished growth. The halted production processes due to shutdowns of production plants and labor shortages have affected the industry’s expansion. Supply chain disruptions and the ban on global trade impeded the product demand. However, the adaptation to resuming operations in reduced capacities and under strict measures is helping the industry gain momentum.
As per Business Research Insights, the global market of mica paper is predicted to exhibit a CAGR of 22.76% during the 2021-2027 period. Rising construction activities and increasing expansion of the electronic and electrical industries are projected to boost the industry in the forthcoming years.
Business Research Insights Identifies the Following as the Top 5 Leading Companies in the Industry:
1. Pamica Group Limited
The company established its headquarters in Tongcheng County, Hubei Province, China in 2000. The globally renowned mica manufacturer focuses on the research & development and manufacturing of mica products. The company offers optimized solutions for high temperature resistance material used in automotive, shipboard, chemical, metallurgical, electric appliances, electrical wires, and cables industries. The company exports its products to more than 80 countries and employs more than 1,500 people.
2. Hubei Zhongtian Mica Products Co. Ltd.
Founded in 2001, this company is an integrated high-tech enterprise that specializes in the research & development, manufacturing, and sales of mica insulation materials. The company offers products such as mica tubes, mica tapes, mica parts, mica rolls, mica paper, mica sheets, and others. Located in Hubei, China, the company has an annual export rate of around 30%.
3. Amulya Mica
This Indian mica manufacturing company laid its foundations in 2004 in Kutch, Gujarat, India. It is the fastest growing laminate brand in India and is also recognized by the Indian Government. The company has its presence in more than 24 nations and offers laminates in more than 600 designs and 100 finishes, such as glossy, textures, matte, and suede, from imported mica paper such as Interprint, Shattdecor, Techno Cell, Chiyoda, and others. The top products offered by the company are OS Cherry Wood, OS Dark Alder, OS Ornate Alm, and others.
4. Meifang Mica Industry Co. Ltd.
The company is a part of the Sichuan Meifang Mica Industry Co. Ltd., which was established in 1953 and is headquartered in Ya’an City, Sichuan, China. Meifang Mica was founded in 2003 and offers products such as mica plates, built-up mica element, mica paper, mica tapes, mica capacitor, and other various mica-related products. The company’s products are used across chemical, metallurgy, electronics, machinery, aviation, defense, and other end-use industries in Taiwan, Hong Kong, South Korea, Germany, Japan, France, the U.S., and others.
5. Asheville Mica
The company was founded in 1899 and is headquartered in Virginia, U.S. It is a prominent manufacturer and importer of natural mica plate products, and is a global supplier of mica and ceramic high temperature electrical insulation parts. The company offers various mica products such as mica splitting products, mica plate products, porcelain insulators, and others.
The demand for consumer electronics dramatically surged during the pandemic as digitalization swiftly spread across the globe. Work-from-home regimes and shift of educational institutes to online teaching methods have been beneficial for the industry. The expansion of the electronic industry is likely to be a major factor surging the demand for mica paper in the coming years Further, laptops, tablets, and smartphones demand exponentially rose during the pandemic and bolstered the industry’s expansion.