Talc Market Global Growth Forecast at 4.9% CAGR to 2021 Driven by Talc Carbonate Deposit
PUNE, India, September 13, 2016 /PRNewswire/ --
The global talc market is projected to reach $3.29 billion by 2021, at a CAGR of 4.9% between 2016 and 2021 with factors like increase in demand for talc from the plastics industry propelling the growth of this market.
Complete report on global talc market spread across 178 pages, profiling 10 companies and supported with 66 tables and 59 figures is now available at http://www.reportsnreports.com/reports/684714-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.html .
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 types of deposits has higher purity than talc obtained from other talc deposits.
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 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.
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). Order a copy of 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 research report at http://www.reportsnreports.com/purchase.aspx?name=684714 .
In the process of determining and verifying, talc market for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (45%), Tier 2 (35%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C Level Executives (35%), Director Level (25%) and others (40%) from various key organizations operating in the global talc market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (30%), APAC (25%) and Rest of World (5%).
On a related note, another research on Polymer Filler Market Global Forecast to 2020 says, the growing popularity of polymer fillers in various types plays a significant role in driving the market. The global market size is estimated to reach USD 53.10 billion by 2020 at a CAGR of 3.3% between 2015 and 2020. Asia-Pacific was the largest and North America was the second-largest market for polymer fillers in 2014. Companies like Imerys S.A., LKAB Group, Minerals Technologies Inc., Omya AG, 20Micron Limited, Hoffman Minerals, GCR Group, Unimin Corporation, Quarzwerke Group and Karntner Montanindustrie Gesellschaft M.B.H have been profiled in this research report available at http://www.reportsnreports.com/reports/526185-polymer-filler-market-by-type-organic-natural-fibers-inorganic-oxides-hydroxides-salts-silicates-metals-and-others-and-by-end-user-automotive-building-construction-industrial-packaging-and-others-global-forecast-to-2020.html .
Explore more reports on the chemical market at http://www.reportsnreports.com/market-research/chemicals/.
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