LONDON, Sept. 19, 2016 /PRNewswire/ -- "The global talc market is projected to grow at a CAGR of 4.9% from 2016 to 2021"
The global talc market is projected to reach USD 3.29 billion by 2021, at a CAGR of 4.9% between 2016 and 2021. Increase in demand for talc from the plastics industry is propelling the growth of this market.
"Talc Carbonate is the largest type of talc deposit available in the global talc market"
The talc carbonate segment contributed the largest share to the talc market, by type of deposit in 2015, and is projected to be the fastest-growing deposit type segment from 2016 to 2021. This growth can be mainly attributed to the high percentage of talc that is mainly obtained from the talc carbonate type of deposits. Also, the talc obtained from these type of deposits has higher purity than talc obtained from other talc deposits.
"The plastics segment is the largest application segment in the global talc market"
There is an increased demand for talc reinforced plastic parts in the automobile industry, domestic appliances, electrical & electronics industry and the food packaging industry, as it provides enhanced properties such as stiffness, heat resistance, rigidity, creep resistance, and impact resistance. Thus, the growing usage of talc in plastic products is expected to contribute towards the growth of the plastics application segment of the global talc market during the forecast period.
"The Asia-Pacific region led the growth in demand in the global talc market"
The Asia-Pacific region accounted for the largest share of the global talc market in 2015. The Asia-Pacific talc market is projected to grow at the highest CAGR during the forecast period. It has been observed that there is an increasing growth rate in industrialization as well as the population of countries such as China and India in the Asia-Pacific region. This has contributed to the growing demand for talc from end-use industries such as paper, automobile, paints & coatings, food, cosmetics, and agriculture, among others.
Profile break-up of primary participants for the report:
- By Company Type - Tier 1 - 45 %, Tier 2 - 35%, Tier 3 - 20%
- By Designation - C level - 35%, Director level - 25%, Others - 40%
- By Region - North America - 45%, Europe - 30%, Asia-Pacific - 25%, RoW- 5%
Furthermore, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by different market players, such as Imerys SA (France), Mondo Minerals (Netherlands), Minerals Technologies Inc. (U.S.), and IMI FABI Talc Company (Italy).
- Talc Producers
- Talc Traders, Suppliers, and Distributors
- Government and Research Organizations
- Associations and Industrial Bodies
- Raw Material Suppliers and Distributors
- Shipping Companies
- Industry Associations
Scope of the report:
This research report categorizes the global talc market on the basis of type of deposit, application, and region, forecasting revenues as well as analyzing trends in each of the sub-markets.
On the basis of type of deposit:
- Talc Carbonate
- Talc Chlorite
On the basis of application:
- Paper & Pulp
- Paints & Coatings
On the basis of region:
- North America
- Middle East & Africa
- Latin America
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