Talc Market is expected to grow up to USD 4.01 Billion By 2027


Posted April 17, 2020 by armaan007

Talc Market expected to be worth USD 4.01 Billion by 2027, at a CAGR of 4.6%, from 2018–2027

 
The 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 (Europe, APAC, North America) - Global Forecast to 2027", is projected to grow from USD 2.68 billion in 2018 to USD 4.01 billion by 2027, at a CAGR of 4.6% from 2018 to 2027. 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.

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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.

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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.

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Issued By Markets And Markets
Country India
Categories Food , Industry , Medical
Tags talc , Talc market , Talc Industry , talc applications , talc manufacturers , Talc end users
Last Updated April 17, 2020