Mica Tape for Electric Insulation Market Growth Analysis, Market Dynamics, Key Players and Innovations, Outlook and Forecast 2024-2030

The Mica Tape for Electric Insulation market demonstrated notable figures, reaching a valuation of US$ 512 million in 2022.

Projections indicate a steady growth, with an anticipated value of US$ 595 million by 2029, accompanied by a CAGR of 1.91% during the forecast period from 2023 to 2029.

The market analysis incorporates considerations for the impact of significant global events such as COVID-19 and the Netherlands-Ukraine War.

Mica Tape for Electric Insulation refers to a specialized tape made from mica, a naturally occurring mineral, that is used for electrical insulation in high-voltage electrical equipment, cables, and windings.
Mica is an ideal material for electrical insulation due to its unique properties, including high dielectric strength, excellent thermal stability, and resistance to electrical breakdown.

Mica Tape is produced by layering thin sheets of mica and binding them together with high-temperature adhesives, creating a durable and flexible material that can withstand extreme temperatures, moisture, and mechanical stress.

Mica Tape is commonly used to insulate high-voltage electrical equipment, such as transformers, generators, and switchgear. It is also used to protect electrical cables from heat, chemical, and mechanical damage in high-temperature environments.

North American Market:

  • The North American market for Mica Tape for Electric Insulation is expected to witness growth from $125 million in 2023 to $137.55 million by 2029.

  • This reflects a calculated CAGR of 1.6% during the forecast period of 2023 through 2029.

Asia-Pacific Market:

  • The Asia-Pacific market for Mica Tape for Electric Insulation is projected to increase from $139.28 million in 2023 to $164.9 million by 2029.

  • The forecast indicates a notable CAGR of 2.86% during the period of 2023 through 2029.

Major Manufacturers:

  • ISOVOLTA Group:

    • ISOVOLTA Group is a key global player contributing to the Mica Tape for Electric Insulation market.
  • VonRoll:

    • VonRoll, another major manufacturer, significantly influences market dynamics.
  • Nippon Rika:

    • Nippon Rika plays a crucial role in the global landscape of Mica Tape manufacturing.
  • Elinar (Cogebi):

    • Elinar, operating under Cogebi, contributes substantially to the market's growth.
  • Jufeng:

    • Jufeng is a noteworthy participant impacting the Mica Tape sector.

Revenue Distribution:

  • In 2022, the world's top five vendors collectively accounted for approximately 55.78% of the total revenue.

  • This highlights the concentration of market share among a select group of major manufacturers.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Mica Tape for Electric Insulation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Mica Tape for Electric Insulation.

The Mica Tape for Electric Insulation market size, estimations, and forecasts are provided in terms of sales volume (MT) and revenue ($ millions), considering 2021 as the base year, with history and forecast data for the period from 2017 to 2028. This report segments the global Mica Tape for Electric Insulation market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Mica Tape for Electric Insulation manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Company

  • ISOVOLTA Group

  • VonRoll

  • Nippon Rika

  • Elinar (Cogebi)

  • Jufeng

  • Krempel

  • Taihu

  • Shanghai Tongli

  • Chhaperia


  • Spbsluda

  • Glory Mica

  • Electrolock

  • Jyoti

  • Sakti Mica

  • Ruby Mica

Segment by Type

  • Mica Glass Tape

  • Mica Polyester Tape

Segment by Application

  • Nuclear Power

  • Gas Power

  • Coal Power

  • Hydro Power

  • Wind Power

  • Mining

  • Mills + Industrial

  • Trains & Transport

  • Other

Consumption by Region

  • North America

    • U.S.

    • Canada

    • Mexico

  • Asia-Pacific

    • China

    • Japan

    • South Korea

    • Southeast Asia

    • India

    • Australia

  • Europe

    • Germany

    • France

    • U.K.

    • Italy

    • Russia

    • Rest of Europe

  • South America

    • Brazil

    • Rest of South America

  1. Rising adoption in power transformers and generators: Mica tapes are being increasingly used in wrap and interlayer insulation of coils and conductors in power transformers, generators and electric motors driving growth.

  2. Shift towards higher voltage capacity: Advances in resin impregnation and production processes are enabling manufacture of mica tapes for above 1kV capacity insulation suitable for high voltage motors and generators.

  3. Application in renewable energy systems: Growth in wind, solar, electric vehicle infrastructure is positively influencing adoption of mica-based insulating tapes due to attributes like high dielectric strength, thermal endurance and oil/solvent resistance.

  4. Product innovation expanding: New variants like HF grade (high filler) mica tapes, combination tapes with glass fabric reinforcement, UL/CSA standard compliant tapes catering to price-performance preferences are emerging.

  5. Emergence of eco-friendly resin binders: Concerns exist over traditionally used binders and carriers limiting recycling. R&D towards using more sustainable thermoplastic resins from renewable sources will be of interest.

  6. Market consolidation likely: While production is fragmented globally, consolidation through capacity expansion, acquisitions and supply partnerships will likely occur between key suppliers like Mica Manufacturing and VonRoll.