According to a new market research report 'Talc Market by Deposit Type (Talc Carbonate, Talc Chlorite), End-use Industry (Plastics, Pulp & Paper, Ceramics, Paints & Coatings, Cosmetics & Personal Care, Pharmaceuticals, Food), and Region (Asia Pacific, North America) - Global Forecast to 2023', published by MarketsandMarkets™, the global market is projected to grow from USD 2.68 billion in 2018 to USD 3.35 billion by 2023, at a CAGR of 4.6% from 2018 to 2023. Increasing demand for talc from the automotive industry, rapid industrialization, increased disposable incomes of the middle-class populations of emerging economies, and increasing R&D activities for the development of new grades of talc are opportunities for the growth of the Talc Market.
Early buyers will receive 10% customization on this report
Based on deposit type,the talc carbonate segment is estimated to account for the largest share of the Talc Market in 2018
Based on deposit type, the talc carbonate segment is estimated to account for the largest share of the Talc Market in 2018. Talc carbonate deposits are mainly composed of talc carbonate and traces of chlorite. Carbonate is primarily composed of magnesite (magnesium carbonate) or dolomite (magnesium and calcium carbonate).
Based on end-use industry, the plastics segment is estimated to be the largest segment of the Talc Market in 2018
Based on end-use industry, the plastics segment is estimated to be the largest segment of the Talc Market in 2018. Talc is used as a reinforcing filler in polypropylene and engineering thermoplastics for automotive parts, domestic applications, electrical & electronic components, and food packaging.
The Talc Market in the Asia Pacific is expected to witness the highest growth during the forecast period
Asia Pacific is the fastest-growing region for talc globally. The growth of the Asia Pacific Talc Market can be attributed to the increasing demand for talc-reinforced polypropylene from the automotive industry. Continuously increasing population and rapid industrialization are factors driving the growth of the Asia Pacific Talc Market. China is the largest consumer of talc in the Asia Pacific region.
Key players in the Talc Market include Imerys (France), Mondo Minerals (Netherlands), Minerals Technologies (US), IMI Fabi (Italy), Golcha Minerals (India), and Nippon Talc (Japan), among others.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the 'Growth Engagement Model - GEM'. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write 'Attack, avoid and defend' strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, 'Knowledge Store' connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: firstname.lastname@example.org