According to Cognitive Market Research, the global Mica Tape For Insulation market size is USD 175.8 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.50% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 70.32 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 52.74 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 40.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Latin America holds the market of more than 5% of the global revenue with a market size of USD 8.79 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
Middle East and Africa held the market of around 2% of the global revenue with a market size of USD 3.52 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
The dominant wattage category in the Mica Tape for Insulation Market is > 10 kV. This category includes mica tapes that are designed to withstand voltages greater than 10 kV, making them suitable for high-voltage applications.
