12-Mar-2021 | Zion Market Research
As stated by Zion Market Research, the global talc market was capitalized at USD 2.57 billion during 2017 and is predicted to attain USD 4.10 billion by the end of 2025, at a CAGR of 5.2% in the calculated period. One of the key factors propelling the market is the surging use of plastic in the automotive industry since talc is utilized in plastics, particularly thermoplastics, as useful material, owing to its potential to amend noteworthy properties in the modified polymeric matrix, once it is dispersed appropriately. Talc is a soft mineral that chemically consists of silica, magnesium, and water. The chemical structure for talc is hydrated magnesium silicate. Its chemical formula normally remains close to this generalized formulation but sometimes there are differences in the structure owing to the switch of magnesium by other elements. The Asia-Pacific region ruled the talc market globally, due to the surging plastics market across China and the presence of white talc reserves in nations, like India.
Key players in the talc market are Nippon Talc, Minerals Technologies, Imerys, Mondo Minerals, IMI Fabi, and Golcha Minerals.
Surging Industrial And Marine Coatings Is Likely To Spur The Global Talc Market
The augmenting demand for marine and industrial coatings is also predicted to spur the demand for talc since it is utilized in industrial coatings that present benefits like solvent reduction, corrosion protection, and good adhesion. The thermoplastics are projected to have an important role in boosting future aircraft construction, as they provide several advantages, counting very short manufacturing times and low overall price, in comparison to their thermoset equivalents. The rising demand for thermoplastics from the aerospace industry is estimated to serve as an opportunity in the upcoming years.
The global talc market is sectioned on account of deposit type, end user industry, and geography. Based on the deposit the market is divided into talc carbonate, talc chlorite, and others. Based on the end-use industry, the market is categorized into ceramics, paints & coatings, pulp & paper, plastic industry, pharmaceuticals, cosmetics & personal care, food, and others.
The Asia Pacific Region Likely To Witness The Highest Development During The Forecasted Period
Based on geographical analysis, the global talc market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The Asia Pacific region is the fastest-emerging region for talc globally. The development of the Asia Pacific talc market can be related to the augmenting demand for talc-resistant polypropylene in the automotive industry. The rapid industrialization and constantly increasing population are driving the growth of the talc market. China is the biggest consumer of talc across the Asia Pacific region.
Browse the full “Talc Market - By Deposit Type (Talc Carbonate, Talc Chlorite, And Others), By End Use Industry (Ceramics, Paints & Coatings, Pulp & Paper, Plastic Industry, Pharmaceuticals, Cosmetics & Personal Care, Food, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/talc-market
The global talc market is segmented as follows:
Based on Deposit Type:
Based on the End-use Industry:
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