Mica Market: Established Players Enjoy Competitive Advantage due to Easy Access to Raw Materials: TMR
Stringent regulations pertaining to mining owing to its fallout on the environment is a major roadblock for new entrants, wanting to procure raw materials, in the global mica market . This has put well-established manufacturers with integrated operations way ahead of them as they have comparatively easy access to the raw materials. Ashville-Schoonmaker Mica Company, the Premier Mica Company, and the Mica Manufacturing Co. Pvt. Ltd. are to name a few such dominant players. Some of the noticeable trends in the global market for mica are a copious number of raw material suppliers and availability of low priced substitutes such as cellulose acetate, acrylate polymers, fiberglass, nylon, fish paper, and phenolics. These substitutes can supersede mica in filler, insulation, electronics, and electrical usage. Hence, manufacturers of mica have a substantial bargaining power. Another noticeable trend in the market is the steady rise in the price of mica due to the increasing a...