PUNE, India, September 9, 2016 /PRNewswire/ --
The report "Talc Market by Type of Deposit (Talc Chlorite, Talc Carbonate), Application (Paper & Pulp, Cosmetics, Plastics, Ceramics, Paints & Coatings, Pharmaceuticals, and Food) and Region - Global Forecast to 2021", published by MarketsandMarkets, The global market is projected to reach USD 3.29 Billion by 2021, at a CAGR of 4.9% from 2016 to 2021.
Browse 116 market data Tables with 34 Figures spread through 157 Pages and in-depth TOC on "Talc Market"
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Increasing demand for talc from the plastics industry is expected to drive the growth of the market in the near future.
Talc carbonate is the fastest-growing deposit type segment of 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 large availability of talc carbonate type of deposits globally and high percentage of talc found in the talc carbonate type of deposits. Also, the talc obtained from these types of deposits has greater purity than talc obtained from other type of deposits.
Plastics was the fastest-growing application segment of the global talc market
The plastics segment accounted for the largest share in the talc market, by application in 2015, and is projected to be the fastest-growing application segment from 2016 to 2021. This growth can be attributed to the increased demand for the use of talc in plastic products, as it acts as reinforcing filler and increases the stiffness, restores mechanical properties so as to enable recycling plastics, and acts as an ideal nucleating agent in biopolymers and semi-crystalline polymers.
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The Asia-Pacific region was the largest market for the global talc market in 2015
The Asia-Pacific region was the largest Talc Market in 2015, owing to the rise in demand for talc in this region. This increased demand can be attributed to the growing demand for talc reinforced plastic parts from the automotive industry, cosmetics, paper and paints & coatings in the region. China, India, and Japan are the leading countries in terms of production and consumption of talc in the Asia-Pacific region. The existence of talc mines and the increase in demand from end-use industries such as plastics, paints & coatings, paper & pulp, personal care, agriculture, food and others is expected to drive the growth of the talc market in these countries.
Key players operational in the talc market include Imerys SA (France), Mondo Minerals (Netherlands), Minerals Technologies Inc. (U.S.), IMI FABI (Italy), American Talc Company (U.S.), Golcha Minerals (India) Pvt. Ltd., Magnesita Refratarios SA (Brazil), Nippon Talc Co., Ltd. (Japan), Liaoning Aihai Talc Company Limited (China), and Guangxi Longsheng HuaMei Talc Development Co. Ltd. (China).
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