The global mica market is projected to grow at a rapid rate of 3.8% over the forecast period between 2025 and 2035, with sales estimated to be USD 598.7 million in 2025 and expected to reach USD 870.7 million by 2035 . Mica-based flame retardants are gaining traction due to their effectiveness in enhancing fire resistance in various applications.As the demand for flame retardant materials increases, mica-based flame retardants are expected to see a corresponding rise in prices. The growth in the construction and electronics industries, coupled with stringent fire safety regulations, is driving the demand and influencing the pricing dynamics of these materials.