Talc Market Share Will Take a Big Hit in the Coming Years
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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Browse 135 market data Tables and 28 Figures spread through 143 Pages and in-depth TOC on "Talc Market “
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.
Mondo Minerals is the world’s second-largest talc producer. The company owns talc mines and operates highly efficient factories in Finland and the Netherlands. The company produces brands, such as Finntalc, Plustalc, and Microtalc. These 3 product lines comprise highly specialized, valuable additives for paper, paints & coatings, plastics, cordierite ceramics, consumables, personal care, and pharmaceutical products.
In April 2016, Mondo Minerals launched a new grade of Mondana. Mondana is a 100% natural, pure and ultra-fine talc. It is colorless and unperfumed. This launch has helped the company in expanding its talc product portfolio for cosmetic applications.
In April 2014, Mondo Minerals announced the launch of a new line of talc products for the polyolefin markets. The new products are marketed under the ULTRATALC and MICROTALC trademarks and are commercially available from mid-2014. In January 2012, Mondo Minerals announced the launch of 2 new antiblock blends, OPTIBLOC 8 and OPTIBLOC 325 talc, for film and bag applications.
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