# Sheet Mica Market

> Sheet mica market: USD 596.4 million in 2025, USD 1.02 billion by 2035 at 5.56% a year, as EV battery thermal barrier rules lift mica plate demand.

Publisher: Douglas Insights  
Author: Douglas Insights Research Desk  
Report code: DI-CM-10483  
Published: 2026-10-07  
Last updated: 2026-10-07  
Next review: Apr 2027  
Page: https://www.douglasinsights.com/sheet-mica-market/

## Key figures

| Measure | Value | How it is built |
| --- | --- | --- |
| Market size · 2025 | $596.4 Mn | 61,800 tonnes x USD 9.65 per kg = USD 596.4 million |
| Forecast · 2035 | $1.02 Bn | USD 1.02 billion on 4.12% volume and 1.38% price growth |
| Revenue CAGR · 2026-2035 | 5.56% | (1.0412 x 1.0138) - 1 |
| Volume · 2035 | 92,540 tonnes | 61,800 tonnes growing 4.12% a year |
| Leading segment | Rigid reconstituted mica plates, 38.4% | USD 229.0 million in 2025 |
| Fastest segment | Rigid reconstituted mica plates, 7.05% | Battery thermal propagation rules |
| Fastest region | Asia Pacific, 6.12% | China builds most EV batteries and mica paper |
| Market leader | Pamica, 13.4% (estimate) | Anchored on 727 million yuan of 2024 mica insulation revenue |
| Event | GB 38031-2025 issued 17 April 2025 | No fire, no explosion from 1 July 2026 |

## Key takeaways

- Sheet mica is worth USD 596.4 million in 2025: 61,800 tonnes at USD 9.65 per kilogram.
- The market reaches USD 1.02 billion by 2035 at a 5.56% CAGR, with 4.12% from tonnage and 1.38% from price.
- Rigid reconstituted mica plates hold 38.4% and grow 7.05% a year on battery thermal barrier demand.
- Asia Pacific holds USD 376.9 million in 2025 and grows fastest at 6.12% a year.
- The top three suppliers, Pamica, Cogebi and Von Roll, hold an estimated 31.7% of revenue.

Almost 58 million electric cars were on the road at the end of 2024, a counted fleet reported by the [International Energy Agency (IEA)](https://www.iea.org/reports/global-ev-outlook-2025/trends-in-electric-car-markets-2), and a growing share of their battery packs carry sheet mica barriers between cells and lids. Sheet mica covers natural muscovite and phlogopite block, film and splittings plus the plates, flexible sheets and cut parts built from them or from reconstituted mica paper. Douglas Insights sizes the sheet mica market at USD 596.4 million in 2025, from 61,800 tonnes multiplied by an average USD 9.65 per kilogram, rising to USD 1.02 billion in 2035 at a revenue CAGR (compound annual growth rate) of 5.56%. The swing factor is China: on 17 April 2025 the Ministry of Industry and Information Technology issued [GB 38031-2025](https://www.gov.cn/lianbo/bumen/202504/content_7019269.htm), which from 1 July 2026 requires traction batteries to show no fire and no explosion in thermal propagation tests. The study belongs to our [advanced materials and composites](https://www.douglasinsights.com/industry/chemicals-materials/advanced-materials-composites/) coverage and was built under the Douglas Insights [research methodology](https://www.douglasinsights.com/research-methodology/).

## Which sheet mica product type earns the most in 2025, and which grows fastest?

Rigid reconstituted mica plates earn the most, USD 229.0 million or 38.4% of 2025 sheet mica revenue, because battery pack makers and appliance builders buy them by the square metre. Plates also grow fastest, at 7.05% a year, as thermal propagation rules spread from China to other vehicle markets.

| Product type | Share 2025 | Value 2025 | Growth 2026-2035 | Value 2035 |
| --- | --- | --- | --- | --- |
| Rigid reconstituted mica plates | 38.4% | USD 229.0 million | 7.05% | USD 452.6 million |
| Flexible mica sheets | 21.7% | USD 129.4 million | 5.10% | USD 212.8 million |
| Built-up splitting micanite | 17.9% | USD 106.8 million | 4.13% | USD 160.1 million |
| Fabricated mica components | 12.8% | USD 76.3 million | 5.38% | USD 128.9 million |
| Natural block and film mica | 9.2% | USD 54.9 million | 2.47% | USD 70.1 million |

Rigid reconstituted mica plates start at USD 229.0 million and reach USD 452.6 million by 2035. A plate is mica paper stacked with silicone or epoxy binder and pressed hot, so a converter can hold thickness to a tight tolerance and cut it on a water jet. Battery lids, cell-to-cell spacers and busbar shields all use it.

Flexible mica sheets hold 21.7%, worth USD 129.4 million in 2025, growing 5.10% a year to USD 212.8 million. Flexible grades wrap cables, heater elements and coil ends, so their tonnage follows motor and cable output more than car batteries.

Built-up splitting micanite takes 17.9%, or USD 106.8 million. Micanite is made by bonding thin natural splittings, the grade the US Geological Survey (USGS) priced at USD 1.80 per kilogram in 2025. Growth of 4.13% a year reflects its hold on commutator segments and high-voltage heater cores.

Fabricated mica components carry 12.8%, worth USD 76.3 million in 2025 and USD 128.9 million in 2035. Washers, toaster cards, heater frames and machined furnace parts sell at the highest price per kilogram in the sheet mica chain, which keeps this slice valuable despite small tonnage.

Natural block and film mica is the smallest slice at 9.2%, or USD 54.9 million, and the slowest at 2.47% a year. Clear muscovite film still lines vacuum tubes, sight glasses and some capacitors, but reconstituted grades keep replacing it wherever optical clarity is not needed.

## Why are battery pack engineers ordering more sheet mica per vehicle?

Sheet mica tonnage grows 4.12% a year to 2035 in our base case, and battery thermal barriers supply 2.07 points of that rate. Phlogopite plate is rated for continuous use up to 1,000 degrees Celsius, so it can keep a venting cell from igniting its neighbour, the event new pack rules test.

### Battery thermal barriers: 2.07 points

Electric car sales topped 17 million in 2024, up by more than 25%, and China took almost two-thirds of them, according to the [IEA Global EV Outlook 2025](https://www.iea.org/reports/global-ev-outlook-2025/trends-in-electric-car-markets-2). China then raised the bar. GB 38031-2025, issued on 17 April 2025 by the Ministry of Industry and Information Technology, replaces a five-minute warning before fire with a flat [no fire, no explosion](https://www.gov.cn/lianbo/bumen/202504/content_7019269.htm) requirement from 1 July 2026, and adds a bottom impact test and a short-circuit test after 300 fast-charge cycles. Pack designers answer with rigid mica plates under the lid and flexible mica between modules. Douglas Insights estimates EV battery thermal barriers took 16,400 tonnes of sheet mica in 2025, and that slice alone adds 2.07 points to the 4.12% volume leg.

### Motors and generators: 0.91 points

Motors and generators add 0.91 points. Mica tape and mica sheet insulate the stator slots of wind turbine generators, traction motors and large industrial drives. Von Roll, which ALTANA describes as the global market leader for insulation systems in the largest wind turbines, passed to [ELANTAS and ALTANA on 29 September 2023](https://www.altana.com/press-news/details/altana-ag-has-acquired-a-majority-stake-in-von-roll-holding-ag.html) with about 1,000 employees and 14 production sites. Each new multi-megawatt generator and each e-axle motor carries sheet mica slot liners and phase barriers.

### Heating appliances and industrial heat: 0.68 points

Heating appliances and industrial furnaces add 0.68 points. Toasters, hair dryers, space heaters and band heaters wind resistance wire around mica cards, and glass and aluminium plants line forging dies and launder guides with phlogopite plate rated to 1,000 degrees Celsius. Replacement buying is steady: a phlogopite die insulator in a hot forging press wears out within months, so industrial furnaces reorder on a fixed cycle and took about 9,600 tonnes in 2025 on our model.

### Electronics and capacitors: 0.46 points

Electronics and capacitors add the final 0.46 points, through mica washers under power transistors, sheet mica capacitor dielectrics and insulating windows in sensors. The four contributions, 2.07 + 0.91 + 0.68 + 0.46, sum to the 4.12% volume leg, and the restraints below are already netted out of them.

## What hinders sheet mica tonnage as aerogel pads and ceramic papers compete?

Three restraints already remove 0.59 points from sheet mica volume growth, and without them the leg would run at 4.71% a year. Aerogel and ceramic fibre substitution, sourcing scrutiny of hand-picked Indian mica and thinner barrier designs each take a measured slice from the volume leg.

Substitution takes 0.31 points. Silica aerogel pads, covered in our [Aerogel Insulation Blanket Market](https://www.douglasinsights.com/aerogel-insulation-blanket-market/) study, beat mica on thermal conductivity, so some pack designers place a thin aerogel layer where a thicker mica plate once sat. Ceramic papers and glass cloth, the subject of our [Fiberglass Cloth Market](https://www.douglasinsights.com/fiberglass-cloth-market/) report, compete in lower-cost heater cards. Mica still wins on dielectric strength and on price per square metre in most cases.

Sourcing scrutiny takes 0.17 points. The European Union (EU) adopted [Regulation (EU) 2024/3015](https://eur-lex.europa.eu/eli/reg/2024/3015/oj/eng) on 27 November 2024 to ban products made with forced labour from its market, and it entered into force on 13 December 2024. Natural splittings hand-picked in the Jharkhand belt carry the highest audit cost, so European buyers shift toward traceable reconstituted grades and away from small Indian dealers.

Thinner designs take 0.11 points. Battery makers cut barrier thickness from about 1 millimetre to well under 0.5 millimetre on some cell formats, which trims kilograms of sheet mica per pack even as pack counts rise. The net effect on 2035 tonnage is roughly 5,200 tonnes, Douglas Insights calculates from the 0.59-point gap.

## How much do buyers pay per kilogram of sheet mica, from splittings to cut parts?

Sheet mica sells for an average USD 9.65 per kilogram worldwide in 2025, inside a band that runs from USD 1.80 for raw splittings to well above USD 20 for machined parts. Buyers pay for flatness, binder content and cutting labour far more than for the mineral itself.

The [USGS Mineral Commodity Summaries 2026](https://pubs.usgs.gov/periodicals/mcs2026/mcs2026-mica.pdf) puts splittings at USD 1.80 per kilogram in 2025, the same as in 2023 and 2024. Scrap and flake mica, the feed for ground mica and mica paper, averaged only USD 130 per tonne. The gap between the two is the value that splitting labour adds.

| Sheet mica form | Realised price band 2025 | Basis |
| --- | --- | --- |
| Natural splittings | USD 1.80 per kg | USGS reported value |
| Imported worked mica, US average | USD 10.83 per kg | 2023 import value over USGS tonnage |
| Rigid reconstituted plate, China mill | USD 6.40 to USD 8.90 per kg | Douglas Insights estimate |
| Flexible sheet and heater card | USD 8.20 to USD 12.60 per kg | Douglas Insights estimate |
| Machined and die-cut parts | USD 18.50 to USD 34.00 per kg | Douglas Insights estimate |

US imports of worked mica under Harmonized System (HS) heading 6814 were valued at about USD 46.8 million in 2023 against 4,320 tonnes of sheet mica imports in the USGS series, an average of USD 10.83 per kilogram. The world average sits lower, at USD 9.65, because Chinese plate sold inside China carries a smaller margin than export cargo. Douglas Insights projects the average price to rise 1.38% a year, to USD 11.07 per kilogram by 2035, as machined battery parts take a larger share of the mix.

## Which companies supply muscovite and phlogopite sheet mica at scale?

Six suppliers anchor sheet mica, and Douglas Insights puts the top three, Pamica, Cogebi and Von Roll, at 31.7% of 2025 revenue. The rest is spread over hundreds of Chinese and Indian converters, so no buyer depends on a single mill for standard plate.

| Company | Base | What the position is built on | Estimated share 2025 |
| --- | --- | --- | --- |
| Pamica (Hubei Pamica Electric Technology) | China | Listed mica paper and plate maker with a battery safety line | 13.4% |
| Cogebi | Belgium | Vertically integrated from mineral to finished plate since 1929 | 10.6% |
| Von Roll (ELANTAS, ALTANA) | Switzerland | Mica tape and sheet for wind generators and motors | 7.7% |
| ISOVOLTA (Constantia Industries) | Austria | Mica paper and hybrid laminates for e-mobility | 5.2% |
| Ruby Mica Company | India | Mica paper capacity of 1,500 tonnes a year in Giridih | 2.9% |
| Elmelin | United Kingdom | Micanite sheet, tubes and cut parts since 1912 | 1.1% |

Pamica reported revenue of 1.06 billion yuan for 2024, up 14.04%, in its annual report summary, and its high-temperature mica insulation line booked 727 million yuan. Its new energy safety protection composites, the battery barrier line, grew 81.41% to 220 million yuan. Douglas Insights reckons about USD 79.9 million of Pamica revenue falls inside sheet mica, a 13.4% share.

Cogebi, founded in 1929 as the Compagnie Generale Belge des Isolants, calls itself the world leader in industrial mica products and controls the [chain from the mica mineral to the finished product](https://cogebi.com/our-company). It sells rigid and flexible sheets, fire-resistant cable tapes and machined parts, and it belongs to the Responsible Mica Initiative (RMI). Douglas Insights estimates its sheet mica share at 10.6%.

Von Roll holds 7.7% on our estimate, built on wind and traction motor insulation; ELANTAS held 85.0% of its shares when ALTANA announced the purchase on 29 September 2023. ISOVOLTA, part of Constantia Industries with over 5,000 staff, sells mica paper and a 50% meta-aramid, 50% mica hybrid laminate for battery packages and motor slots, worth an estimated 5.2%. Ruby Mica Company, established in 1968 in Giridih, Jharkhand, runs India's largest mica paper line at 1,500 tonnes a year and 450 tonnes of mica tape, for about 2.9%. Elmelin, founded in London in 1912, makes micanite sheet, tubes and components and holds roughly 1.1%. The GB 38031-2025 test regime favours suppliers with die-cutting lines inside China, which is where Pamica builds its lead.

## Where is sheet mica bought, and which region grows fastest after China's battery rule?

Asia Pacific buys the most sheet mica, USD 376.9 million in 2025, and grows fastest at 6.12% a year. China builds most of the world's electric car batteries and most of its mica paper. Europe follows at USD 112.7 million, with North America, the Middle East and Africa, and Latin America behind.

Asia Pacific reaches USD 682.7 million by 2035. China dominates both supply and use, and Korea and Japan buy plate for battery and electronics lines.

Europe is worth USD 112.7 million in 2025 and grows 4.36% a year to USD 172.7 million. German, Belgian and Austrian converters supply wind generator, rail motor and appliance makers and new European battery plants add barrier orders.

North America holds USD 50.1 million in 2025, rising 4.58% a year to USD 78.4 million. US apparent consumption of sheet mica rose 15% in 2025 to 4,200 tonnes, and imports rose 13% to 5,100 tonnes, the [USGS](https://pubs.usgs.gov/periodicals/mcs2026/mcs2026-mica.pdf) reports, with China supplying 73% of imports in 2021 to 2024.

The Middle East and Africa form the wildcard at USD 31.6 million, growing 5.72% a year to USD 55.1 million. Aluminium smelters and new cable plants in the Gulf buy phlogopite plate, and India sends 15.6% of its worked mica exports to the United Arab Emirates and 13.7% to Saudi Arabia.

Latin America is the smallest region at USD 25.1 million, growing 3.47% a year to USD 35.3 million. Brazil supplied 5% of US sheet mica imports and runs appliance and motor plants, but battery barrier demand there is still small.

## How dependent is the United States on imported sheet mica?

The United States imports 100% of the sheet mica it uses, the USGS reports, and its 4,200 tonnes of 2025 consumption equal about 6.8% of the 61,800-tonne world total in our model. Only minor sheet mica comes as a by-product of feldspar mining in North Carolina.

Sources are concentrated. China supplied 73% of US sheet mica imports in 2021 to 2024, Vietnam 8%, Brazil 5% and India 4%, according to the [USGS Mineral Commodity Summaries 2026](https://pubs.usgs.gov/periodicals/mcs2026/mcs2026-mica.pdf). US apparent consumption has climbed from 2,310 tonnes in 2020 to 4,200 tonnes in 2025. Most of it is fabricated into parts for electrical and electronic equipment.

Tariffs are light. Most mica products enter the United States duty-free, and only agglomerated or reconstituted sheet faces a 2.7% duty. A US battery or motor plant can therefore buy Chinese plate at close to Chinese mill prices plus freight.

## Which standards and laws now reach sheet mica in battery packs and supply chains?

Two rules matter most for sheet mica: China's GB 38031-2025 battery standard, in force from 1 July 2026, and EU Regulation 2024/3015 on forced labour, adopted on 27 November 2024. The first lifts barrier tonnage; the second raises the audit cost of natural splittings.

GB 38031-2025 replaces GB 38031-2020. Its thermal diffusion clause now demands [no fire and no explosion](https://www.gov.cn/lianbo/bumen/202504/content_7019269.htm), with an alarm still required and smoke that does not harm occupants. Rigid mica plate is among the cheapest ways to pass it, so Chinese pack lines specify sheet mica above cell groups and under the pack lid.

The EU forced labour regulation entered into force on [13 December 2024](https://eur-lex.europa.eu/eli/reg/2024/3015/oj/eng). Buyers of Indian splittings and block mica now need traceability back to the mine or collection point. Cogebi's membership of the RMI is part of how European converters show that traceability.

## What if battery barrier demand stalls before 2035: how far does the sheet mica forecast move?

Sheet mica ends 2035 between USD 854.1 million and USD 1.23 billion across our three cases, around a base of USD 1.02 billion. Volume growth decides the spread, because the price leg moves less than one point between cases and battery barriers carry half of base tonnage growth.

| Case | Volume leg | Price leg | 2035 value |
| --- | --- | --- | --- |
| Slower | 2.61% | 1.02% | USD 854.1 million |
| Base case | 4.12% | 1.38% | USD 1.02 billion |
| Faster | 5.64% | 1.79% | USD 1.23 billion |

In the slower case, aerogel takes more pack space and GB 38031-2025 compliance relies on cell chemistry rather than barriers, so volume grows 2.61% a year. In the faster case, other vehicle markets copy the no fire, no explosion test of 1 July 2026, and volume grows 5.64%. A single extra point of tonnage growth lifts the 2035 value by USD 102.7 million; a point less cuts it by USD 94.2 million.

Published forecasts for sheet mica and fabricated mica cluster between about 5.8% and 6.0% a year. Our 5.56% sits just below that cluster, because we net out the 0.59 points that substitution, sourcing scrutiny and thinner barriers remove.

## Douglas Exclusive: the sheet mica end-use scorecard

The sheet mica end-use scorecard is a Douglas Insights model built from 11 sourced inputs: USGS tonnage, price and import-share series, US and Chinese customs values, IEA vehicle counts, two regulations and three company disclosures. It scores five end uses from 1 to 5 on four tests, for a maximum of 20.

| End use | Tonnes 2025 | Volume growth | Price realised | Substitution safety | Sourcing safety | Score of 20 |
| --- | --- | --- | --- | --- | --- | --- |
| EV battery thermal barriers | 16,400 | 5 | 4 | 3 | 4 | 16 |
| Motors and generators | 14,900 | 3 | 4 | 4 | 3 | 14 |
| Heating appliances | 13,800 | 2 | 2 | 3 | 4 | 11 |
| Industrial furnaces | 9,600 | 2 | 3 | 4 | 3 | 12 |
| Electronics and capacitors | 7,100 | 2 | 5 | 2 | 2 | 11 |

Volume growth scores the end use against the 4.12% average; price realised compares its kilogram price with USD 9.65; substitution safety rates how hard aerogel, ceramic paper or polymer film find it to displace mica; sourcing safety rates reliance on hand-picked natural splittings. The five tonnage rows add up to 61,800.

The finding is plain. EV battery thermal barriers score 16 of 20 and already rank as the largest end use, at 16,400 tonnes. Electronics and capacitors pay the best price but score only 11, because natural film is the hardest grade to trace and polymer film keeps winning sockets. Converters with die-cutting lines near battery plants hold the best-scoring position.

## Which mica forms sit inside the sheet mica scope, and which stay out?

Sheet mica here includes 5 product types and 2 minerals, muscovite and phlogopite, valued at the first sale by a mill or converter. Ground mica powder, scrap and flake feed, synthetic fluorophlogopite and mica-based pearlescent pigments stay out, because they sell by the tonne into paints, cosmetics and plastics.

Muscovite, the white potash mica, gives the best dielectric strength and dominates electrical grades. Phlogopite, the amber magnesium mica, tolerates higher heat and dominates furnace and die insulation. Mica tape sold for motor windings counts when it is slit from sheet stock. The by-end-use split covers EV battery thermal barriers, heating appliances, industrial furnaces, motors and generators, and electronics and capacitors. Our [Electric Vehicle Battery Thermal Management System Market](https://www.douglasinsights.com/electric-vehicle-battery-thermal-management-system-market/) study sizes the pack systems that the barrier slice feeds.

## What methodology turns 61,800 tonnes of sheet mica into USD 596.4 million?

Our methodology multiplies 61,800 tonnes of 2025 sheet mica by an average USD 9.65 per kilogram to reach USD 596.4 million. Tonnage comes from five end-use builds; price comes from US customs values, the USGS splittings price and converter bands. The volume leg of 4.12% times the price leg of 1.38% gives 5.56%.

The model covers 31 countries across five regions and uses 64 data points, including 11 sourced inputs and 53 modelled cells. Arithmetic: 61,800 x 9.65 / 1,000 = 596.4; 596.4 x (1.0412 x 1.0138)^10 = 1,024.2.

Three cross-checks agree. First, US consumption of 4,200 tonnes at the US import average of USD 10.83 per kilogram gives USD 45.5 million, 90.8% of our USD 50.1 million North America figure, leaving USD 4.6 million for Canada and Mexico. Second, Chinese worked mica exports of USD 128.8 million in 2023 sit at 21.6% of our world value, consistent with China selling most plate at home. Third, Pamica's 727 million yuan mica line, roughly USD 101 million, exceeds the USD 79.9 million we place inside sheet mica, since the line also sells tape and paper outside our scope.

## Market by segment

| Segment | Share | Value |
| --- | --- | --- |
| Rigid reconstituted mica plates | 38.4% | $229.0 Mn |
| Flexible mica sheets | 21.7% | $129.4 Mn |
| Built-up splitting micanite | 17.9% | $106.8 Mn |
| Fabricated mica components | 12.8% | $76.3 Mn |
| Natural block and film mica | 9.2% | $54.9 Mn |

## Market by region (USD million)

| Region | 2025 | 2026 | 2035 | CAGR 2026-2035 |
| --- | --- | --- | --- | --- |
| Global | 596.4 | 629.5 | 1,024.2 | 5.56% |
| Asia Pacific | 376.9 | 400 | 682.7 | 6.12% |
| Europe | 112.7 | 117.6 | 172.7 | 4.36% |
| North America | 50.1 | 52.4 | 78.4 | 4.58% |
| Middle East and Africa | 31.6 | 33.4 | 55.1 | 5.72% |
| Latin America | 25.1 | 26 | 35.3 | 3.47% |

## Dataset

| Series | Value | Unit |
| --- | --- | --- |
| Market size 2025 | 596.4 | USD million |
| Market size 2035 | 1,024.2 | USD million |
| Revenue CAGR 2026-2035 | 5.56 | percent |
| Volume CAGR 2026-2035 | 4.12 | percent |
| Price per kilogram CAGR 2026-2035 | 1.38 | percent |

## Frequently asked questions

### What is the sheet mica market worth in 2025 and where does it head by 2035?

USD 596.4 million in 2025, rising to USD 1.02 billion in 2035, at a 5.56% revenue CAGR built from 4.12% tonnage growth and 1.38% price growth.

### How many tonnes of sheet mica does the world use?

61,800 tonnes in 2025 on the Douglas Insights model, at an average USD 9.65 per kilogram, rising to about 92,540 tonnes by 2035.

### Why does China's GB 38031-2025 standard matter for mica suppliers?

1 July 2026 is when it requires traction batteries to show no fire and no explosion in thermal propagation tests, and rigid mica plate is one of the cheapest barriers that passes.

### Which sheet mica product earns the most revenue?

38.4% of 2025 revenue, or USD 229.0 million, comes from rigid reconstituted mica plates, which also grow fastest at 7.05% a year.

### Does the United States mine its own sheet mica?

100% of US sheet mica use is imported, per the USGS; consumption reached 4,200 tonnes in 2025 and China supplied 73% of imports in 2021 to 2024.

### What does natural mica splitting cost compared with finished plate?

USD 1.80 per kilogram for splittings in 2025, per the USGS, against a world average of USD 9.65 for all sheet mica and more for machined parts.

### Who leads sheet mica supply?

13.4% is the Douglas Insights estimate for Pamica, and the top three of Pamica, Cogebi and Von Roll hold 31.7% of 2025 revenue.

### Which end use scores best on the Douglas Insights scorecard?

16 of 20 for EV battery thermal barriers, the largest end use at 16,400 tonnes, ahead of motors and generators at 14 points.

## Sources

- [US Geological Survey, Mineral Commodity Summaries 2026: Mica (natural)](https://pubs.usgs.gov/periodicals/mcs2026/mcs2026-mica.pdf)
- [International Energy Agency, Global EV Outlook 2025: trends in electric car markets](https://www.iea.org/reports/global-ev-outlook-2025/trends-in-electric-car-markets-2)
- [Government of the People's Republic of China, New national standard for EV traction battery safety (GB 38031-2025)](https://www.gov.cn/lianbo/bumen/202504/content_7019269.htm)
- [EUR-Lex, Regulation (EU) 2024/3015 on products made with forced labour](https://eur-lex.europa.eu/eli/reg/2024/3015/oj/eng)
- [ALTANA, ALTANA AG has acquired a majority stake in Von Roll Holding AG](https://www.altana.com/press-news/details/altana-ag-has-acquired-a-majority-stake-in-von-roll-holding-ag.html)
- [Cogebi, Cogebi: our company](https://cogebi.com/our-company)

## How to cite

Douglas Insights, "Sheet Mica Market", DI-CM-10483, updated 2026-10-07, https://www.douglasinsights.com/sheet-mica-market/
