Mica Tape for Insulation Market Report 2024 (Global Edition)

Global Mica Tape for Insulation Market Report 2024 Market Size Split by Type (Mica Glass Tape, Mica Polyester Tape, (conductor (film-backed) tapes, mainwall insulation)), by Application (Electrical In...

Mica Tape for Insulation Market Report Description

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Mica Tape for Insulation Market Insights Video

Competitive Landscape of the Mica Tape For Insulation Market

The competitive landscape of the Mica Tape for Insulation Market is characterized by the presence of several key players competing based on product offerings, innovation, and market presence. Some of the prominent players in the market include Von Roll Holding AG, ISOVOLTA Group, Electrolock, Inc., Corning Incorporated, and Elmelin Ltd.

In December 2022, Shurtape Technologies, LLC, a prominent manufacturer of pressure-sensitive tapes, recently acquired Pro Tapes & Specialties, Inc. Pro Tapes & Specialties is known for its diverse range of markets, providing tape manufacturing and conversion services to industries such as graphic arts, library and school supplies, precision die-cutting and fabrication, contract and custom converting, as well as retail and general industrial sectors.

(Source: https://shurtapetech.com/corporate-news/shurtape-technologies-llc-acquires-pro-tapes-specialties-inc/)

In April 2021, SWM International completed the acquisition of Scapa Group Ltd. This acquisition significantly expanded the company's research, innovation, and manufacturing capabilities.

(Source: https://www.scapa.com/News/SWMScapa.)

Top Companies Market Share in Mica Tape for Insulation Industry: (In no particular order of Rank)

• ISOVOLTA Group
• VonRoll
• Nippon Rika
• Elinar (Cogebi)
• Jufeng
• Krempel
• Taihu
• Shanghai Tongli
• Chhaperia
• OKABE MICA
• Spbsluda
• Glory Mica
• Electrolock
• Jyoti
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Mica Tape For Insulation Market

Which Region Dominates the Mica Tape For Insulation Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America dominates the Mica Tape for Insulation Market due to several key reasons. Firstly, the region has a well-established industrial sector, including the electrical and electronics industry, which are major consumers of mica tape for insulation. Secondly, stringent regulations and standards regarding fire safety and insulation in North America have driven the demand for high-quality insulation materials like mica tape. Additionally, the region's focus on infrastructure development and the presence of key market players contribute to its dominance.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is experiencing rapid growth in the Mica Tape for Insulation Market primarily due to its expanding industrial sector and increasing investments in infrastructure development. Countries like China, India, and Japan are witnessing significant growth in their electrical and electronics industries, driving the demand for mica tape. Moreover, the region's growing population and urbanization are fueling the construction industry, which further boosts the demand for insulation materials. Additionally, the adoption of stringent safety regulations and the focus on energy efficiency are driving the market for mica tape in Asia Pacific, making it the fastest-growing region in this market

The current report Scope analyzes Mica Tape for Insulation Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Mica Tape for Insulation Market

According to Cognitive Market Research, the global Mica Tape For Insulation market size was estimated at USD 175.8 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 70.32 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031. North America is a significant market for mica tape for insulation, driven by the presence of key industries such as electrical, automotive, and aerospace. The region's strong focus on technological advancements and innovation in these industries contributes to the demand for high-performance insulation materials like mica tape. In terms of segmentation, the North America mica tape for insulation market can be segmented based on type, application, wattage, and industry vertical. In conclusion, the North America mica tape for insulation market is poised for steady growth, driven by the region's strong industrial base, technological advancements, and stringent regulations.

• According to Cognitive Market Research, the US had a major share in the Mica Tape For Insulation market with a market size of USD 55.48 million in 2024 and is projected to grow at a CAGR of 1.5% during the forecast period. The demand is amplified by the nation's technological advancements propel consistent growth.
• The Canada Mica Tape For Insulation market had a market share of USD 8.44 million in 2024 and is projected to grow at a CAGR of 2.5% during the forecast period. Canada's technological advancements and stringent regulations to increased usage of Mica Tape For Insulation.
• The Mexico Mica Tape For Insulation market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD 6.40 million in 2024.

Europe Mica Tape for Insulation Market

According to Cognitive Market Research, the global Mica Tape For Insulation market size was estimated at USD 175.8 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 52.74 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.0% from 2024 to 2031. Europe is a key market for mica tape for insulation, driven by the region's strong focus on sustainability and energy efficiency. In terms of segmentation, the Europe mica tape for insulation market can be segmented based on type, application, wattage, and industry vertical. The type segment includes mica glass tape and mica polyester tape, with mica glass tape being the dominant type due to its superior dielectric properties. In conclusion, the Europe mica tape for insulation market is expected to witness steady growth, driven by the region's focus on sustainability and energy efficiency.

• The United Kingdom Mica Tape For Insulation market had a market share of USD 8.86 million in 2024 and is projected to grow at a CAGR of 2.8% during the forecast period. In the UK, Mica Tape For Insulation sales witness an upswing due to the nation's sustainability and energy efficiency.
• The France Mica Tape For Insulation market is projected to witness growth at a CAGR of 4.85 during the forecast period with a market size of USD 1.2% million in 2024.
• According to Cognitive Market Research, the Germany Mica Tape For Insulation market size was valued at USD 10.44 million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period. In Germany, Mica Tape For Insulation sales surge due to the nation's increased demand for high-performance insulation materials like mica tape.
• The Italy Mica Tape For Insulation market is projected to witness growth at a CAGR of 1.4% during the forecast period with a market size of USD 4.54 million in 2024.
• The Russia Mica Tape For Insulation market is projected to witness growth at a CAGR of 1.0% during the forecast period with a market size of USD 8.17 million in 2024.
• The Spain Mica Tape For Insulation market is projected to witness growth at a CAGR of 1.1% during the forecast period with a market size of USD 4.32 million in 2024.
• The Luxembourg Mica Tape For Insulation market is projected to witness growth at a CAGR of 2.1% during the forecast period with a market size of USD 1.63 million in 2024.
• The Portugal Mica Tape For Insulation market is projected to witness growth at a CAGR of 1.8% during the forecast period with a market size of USD 1.11 million in 2024.
• The Greece Mica Tape For Insulation market is projected to witness growth at a CAGR of 2.3% during the forecast period with a market size of USD 0.63 million in 2024.
• Rest of Europe Mica Tape For Insulation market is projected to witness growth at a CAGR of 0.7% during the forecast period with a market size of USD 8.17 million in 2024.

Asia Pacific Mica Tape for Insulation Market

According to Cognitive Market Research, the global Mica Tape For Insulation market size was estimated at USD 175.8Million out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 40.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031. The Asia Pacific region is a significant market for mica tape for insulation, driven by rapid industrialization and infrastructure development in countries like China, India, and Japan. In terms of segmentation, the Asia Pacific mica tape for insulation market can be segmented based on type, application, wattage, and industry vertical. The type segment includes mica glass tape and mica polyester tape, with mica glass tape being the dominant type due to its superior dielectric properties. In conclusion, the Asia Pacific mica tape for insulation market is poised for significant growth, driven by rapid industrialization, infrastructure development, and the region's focus on renewable energy sources.

• According to Cognitive Market Research, the China Mica Tape For Insulation market size was valued at USD 18.20 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Mica Tape For Insulation sales surge in China due to the nation's rapid industrialization, infrastructure development.
• The Japan Mica Tape For Insulation market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD 5.58 million in 2024.
• The India Mica Tape For Insulation market had a market share of USD 4.85 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. The demand is augmented by India's focus on renewable energy sources.
• The South Korea Mica Tape For Insulation market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 4.04 million in 2024.
• The Australia Mica Tape For Insulation market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 2.10 million in 2024.
• The South East Asia Mica Tape For Insulation market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD 2.79 million in 2024.
• The Rest of Asia Pacific Mica Tape For Insulation market is projected to witness growth at a CAGR of 5.3% during the forecast period with a market size of USD 2.87 million in 2024.

South America Mica Tape for Insulation Market

According to Cognitive Market Research, the global Mica Tape For Insulation market size was estimated at USD 175.8 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 8.79 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.Latin America is an emerging market for mica tape for insulation, driven by the region's increasing focus on infrastructure development and industrial growth. In terms of segmentation, the Latin America mica tape for insulation market can be segmented based on type, application, wattage, and industry vertical. The type segment includes mica glass tape and mica polyester tape, with mica glass tape being the dominant type due to its superior dielectric properties. In conclusion, the Latin America mica tape for insulation market is poised for growth, driven by the region's infrastructure development, industrial growth, and increasing adoption of renewable energy sources.

• According to Cognitive Market Research, the Brazil Mica Tape For Insulation market size was valued at USD 3.76 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. Mica Tape For Insulation sales flourish in Brazil due to the nation's increasing focus on infrastructure development.
• The Argentina Mica Tape For Insulation market had a market share of USD 1.48 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period. The demand is augmented by Argentina's rapid urbanization and industrialization.
• The Colombia Mica Tape For Insulation market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD 0.78 million in 2024.
• The Peru Mica Tape For Insulation market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 0.72 million in 2024.
• The Chile Mica Tape For Insulation market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD 0.63 million in 2024.
• The Rest of Latin America Mica Tape For Insulation market is projected to witness growth at a CAGR of 2.0%during the forecast period with a market size of USD 1.42 million in 2024.

Middle East and Africa Mica Tape for Insulation Market

According to Cognitive Market Research, the global Mica Tape For Insulation market size was estimated at USD 175.8 Million out of which Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 3.52 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031. The Middle East and Africa region present a promising market for mica tape for insulation, driven by the region's rapid infrastructure development and increasing investments in energy projects. In terms of segmentation, the Middle East and Africa mica tape for insulation market can be segmented based on type, application, wattage, and industry vertical. The type segment includes mica glass tape and mica polyester tape, with mica glass tape being the dominant type due to its superior dielectric properties. In conclusion, the Middle East and Africa mica tape for insulation market are poised for growth, driven by the region's rapid infrastructure development, increasing investments in energy projects, and harsh climatic conditions.

• The GCC Countries Mica Tape For Insulation market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD 1.50 million in 2024.Mica Tape For Insulation sales flourish due to the region's rapid infrastructure development, increasing investments in energy projects.
• The Egypt Mica Tape For Insulation market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD 0.37 million in 2024.
• The South Africa Mica Tape For Insulation market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 0.56 million in 2024. Mica Tape For Insulation sales flourish in South Africa due to the region's increasing investments in energy projects.
• The Turkey Mica Tape For Insulation market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD 0.30 million in 2024.
• The Nigeria Mica Tape For Insulation market is projected to witness growth at a CAGR of 2.3% during the forecast period with a market size of USD 0.37 million in 2024.
• The Rest of MEA Mica Tape For Insulation market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD 0.41 million in 2024.

Mica Tape for Insulation Market Analysis

Mica Tape For Insulation Market Type Segment Analysis

According to Cognitive Market Research, Mica Glass Tape is the dominant type in the Mica Tape for Insulation Market. This type of tape is made by impregnating mica paper with a glass resin binder, which enhances its mechanical strength and thermal stability. Mica Glass Tape is widely used in high-voltage applications, such as electrical cables and motors, due to its excellent dielectric properties and resistance to high temperatures. The dominance of Mica Glass Tape can be attributed to its superior performance in demanding electrical insulation applications, making it a preferred choice for manufacturers seeking reliable and durable insulation solutions.

Mica Polyester Tape is emerging as the fastest-growing category in the Mica Tape for Insulation Market. This type of tape is made by bonding mica paper with a polyester resin binder, which provides good flexibility and ease of handling. Mica Polyester Tape is increasingly being used in applications where flexibility and conformability are important, such as in the automotive and aerospace industries. The growth of Mica Polyester Tape can be attributed to its versatility and ability to meet the growing demand for flexible insulation materials in various industries.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Mica Tape for Insulation Industry. Request a Free Sample PDF!

Mica Tape For Insulation Market Application Segment Analysis

According to Cognitive Market Research, Electrical insulation is the dominant application for mica tape in the Mica Tape for Insulation Market. Mica tape is widely used in electrical applications due to its excellent dielectric strength, thermal stability, and fire resistance properties. It is used to insulate high-voltage components such as cables, motors, and transformers, protecting them from electrical breakdown and ensuring the safety and reliability of electrical systems. The dominance of electrical insulation can be attributed to the critical role of mica tape in ensuring the efficient and safe operation of electrical equipment, making it an essential component in the electrical industry.

The Thermal insulation is emerging as the fastest-growing application for mica tape in the Mica Tape for Insulation Market. Mica tape is increasingly being used in thermal insulation applications due to its ability to withstand high temperatures and provide effective thermal protection. It is used in various industries such as automotive, aerospace, and industrial to insulate components and equipment from heat sources. The growth of thermal insulation can be attributed to the increasing demand for high-temperature insulation materials in industries where thermal management is critical, driving the adoption of mica tape for thermal insulation purposes.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Mica Tape for Insulation Wattage Segment Analysis

According to Cognitive Market Research, the dominant wattage category in the Mica Tape for Insulation Market is > 10 kV. This category includes mica tapes that are designed to withstand voltages greater than 10 kV, making them suitable for high-voltage applications. These tapes are commonly used in electrical equipment and systems where high voltage levels are present, such as in power generation, transmission, and distribution. The dominance of the > 10 kV category can be attributed to the widespread use of high-voltage equipment in various industries, driving the demand for mica tapes that can provide reliable insulation at these voltage levels.

The fastest-growing wattage category in the Mica Tape for Insulation Market is 3.3 to 6 kV. This category includes mica tapes that are designed to withstand voltages between 3.3 kV and 6 kV. The growth of this category can be attributed to the increasing demand for medium-voltage insulation solutions in industries such as renewable energy, industrial automation, and transportation. As these industries continue to expand, the need for reliable and efficient medium-voltage insulation materials is growing, driving the adoption of mica tapes in the 3.3 to 6 kV range.

• 3.3 to 6 kV
• > 6 kV to 10 kV
• > 10 kV

Mica Tape for Insulation Price Segment Analysis

According to Cognitive Market Research, the dominant industry vertical in the Mica Tape for Insulation Market is transformer manufacturing. Transformers are essential components in electrical power systems, used to step up or step down voltage levels for transmission and distribution purposes. Mica tape is widely used in transformer manufacturing for insulation purposes due to its excellent dielectric properties and thermal stability. The dominance of the transformer manufacturing industry can be attributed to the high demand for transformers in various sectors, including power generation, transmission, and distribution.

The fastest-growing industry vertical in the Mica Tape for Insulation Market is the wind power/renewable energy sector. With the increasing focus on renewable energy sources, the wind power industry is experiencing rapid growth worldwide. Mica tape is used in wind turbine generators for insulation purposes, ensuring the reliable and efficient operation of these generators. The growth of the wind power/renewable energy sector can be attributed to government initiatives and incentives aimed at promoting renewable energy, as well as increasing environmental awareness and concerns about climate change.

• Premium
• Average
• Low

Mica Tape for Insulation Industry Vertical Segment Analysis

• Industrial/Traction Motor & Coils
• Transformer Manufacturing
• Locomotive
• Wind power/Renewable Energy/solar
• Generator Manufacturing
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
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• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion