The global talc market is estimated to record a substantial CAGR of 3.4% during the forecast period (2021-2027). Talc is generally used in the automotive industry as a functional material owing to its ability to modify some properties in a modified polymetric matrix, when properly dispersed. The other reason for the popularity of talc in the automotive industry is its ability to enhance stiffness in combination with good aesthetics, hydrophobic characteristics, and reasonable price. Talc is introduced into thermoplastic materials in the processing phase, which is known as compounding, along with other materials such as pigments, impact modifiers, stabilizers, and lubricants, which are also used in the final product.
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Further, over the last 20 years, the economic and political power has been shifting toward emerging economies. A lot of developing countries have become the centers of growth by raising their shares of global incomes significantly. In addition, the investment between emerging and developed countries has deepened. Till 2005, industrialized economies were leaders in all manufacturing industries except textile, leather, and wearing apparel. Emerging economies have become the main producers of low and medium-tech products. Among developing industrial economies, China dominates the manufacturing sector, followed by India, Brazil, Indonesia, and Mexico. Hence, growing industrialization in APAC will boost the demand for talc due to its vast usage in textile, paper & pulp, automotive, ceramics, paints & coatings, and other industries.
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Market Coverage
· Market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered- by Deposits and End-user
· Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
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?
Global 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.)
