The mica powder market in Belgium has experienced a consistent decline over the last decade, reaching a market size of 1.4925 million USD in 2023. The year-on-year variations highlight continuous decreases, with a notable drop of 11.43% in 2023. Over the past five years, the compounded annual growth rate (CAGR) showed an average decline of 8.27%, emphasizing ongoing market shrinkage.
Future trends to watch for:
- Potential recovery driven by technological advancements.
- Developments in eco-friendly and sustainable mica alternatives.
- Demand fluctuations influenced by the cosmetics and electronics industries.
| # | 13 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 42,505,000 | 2023 | -0.44% | -0.41% | View data |
| 2 | 2 Italy | 20,848,000 | 2023 | +0.088% | -0.74% | View data |
| 3 | 3 United Kingdom | 18,996,000 | 2023 | -0.43% | -0.99% | View data |
| 4 | 4 South Korea | 17,528,000 | 2023 | +0.13% | -0.16% | View data |
| 5 | 5 France | 15,520,000 | 2023 | -3.06% | -3.68% | View data |
| 9 | 9 Australia | 4,098,800 | 2023 | +0.71% | +0.53% | View data |
| 10 | 10 Finland | 2,232,700 | 2023 | -2.2% | -1.72% | View data |
| 11 | 11 Belgium | 1,492,500 | 2023 | -11.43% | -8.27% | |
| 12 | 12 Switzerland | 1,282,700 | 2023 | -3.26% | -5.59% | View data |
| 13 | 13 Romania | 571,910 | 2023 | -0.45% | -1.28% | View data |
