The Asia-Pacific talc market is estimated to witness a strong CAGR of 3.8% during the forecast period (2020-2026). Increasing urbanization rates, growing disposable incomes, and rising industrialization are among the major factors enabling the growth of the Asia-Pacific talc market. People with increasing disposable incomes spend more on new and innovative products, both household and industrial, which positively impact the demand for technology-enabled and new-age infrastructure. This, in turn, will raise investments in engineering and construction, thus demanding more talc.
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Asia-Pacific is also the largest market for the global construction industry as of 2020 and will continue to dominate the industry. However, the growth in construction activities declined in HI 2020, mainly due to the slowdown of construction in China and other key Asian countries, which was further worsened due to the COVID-19 outbreak. However, the decline is expected to be supplemented by the acceleration of construction activities in India and other South Asian countries as the region exits national lockdowns, and the revival of both supply and demand is working to offset the market dampening resulted from regional slowdown and COVID-19.
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A full Report of Asia-Pacific Talc Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-talc-market
Market Coverage
· Market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered- by Deposits and End-user
· Countries Covered- China, India, Japan, South Korea, and Rest of Asia-Pacific
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
Asia-Pacific Talc Market Report Segment
By Deposits
· Talc Carbonates
· Talc Chlorites
· Others
By End-user
· Ceramics
· Construction
· Cosmetics and Personal Care
· Paints and Coatings
· Pharmaceuticals
· Plastics
· Pulp and Paper
· Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
