The import of mica powder to India is projected to steadily increase from 2024 to 2028. In 2023, imports stood at approximately 1.06 million kilograms. The year-on-year growth rate indicates a moderate increase, with a 5.2% rise from 2024 to 2025 and a further 4.8% from 2025 to 2026. From 2026 to 2027, imports are expected to grow by 4.5%, and from 2027 to 2028, by 4.2%. Over the five-year period from 2024 to 2028, this results in a compound annual growth rate (CAGR) of around 4.7%.
Key future trends to watch for include fluctuating demand in the cosmetics and electronics industries, developments in mica mining regulations, and global supply chain dynamics. Changes in import tariffs or trade policies could also impact the trend significantly.
