The mica powder market in South Korea experienced variability from 2013 to 2023. The market value stood at USD 17.528 million in 2023, rebounding slightly after a sharp decline in 2020. The last two years showed minor growth with year-on-year variations of 0.13% for both 2022 and 2023. The five-year CAGR from 2019 to 2023 was -0.16%, reflecting a predominantly stagnant market trajectory.
Future trends to watch include:
- Technological advancements increasing the applicability of mica powder in industries like electronics and cosmetics.
- Environmental and regulatory pressures potentially influencing raw material sourcing and production processes.
- Market demand shifts driven by changes in consumer preferences towards sustainable and eco-friendly products.
| # | 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% | |
| 5 | 5 France | 15,520,000 | 2023 | -3.06% | -3.68% | View data |
| 6 | 6 Canada | 14,817,000 | 2023 | -0.3% | -0.097% | View data |
