Increased Consumption of Talc in Engineering Polymers to Create Notable Opportunities in Talc Market
Increasing consumption of talc as an anti-blocking agent in polyethylene, coupled with proliferation of engineering polymers will propel the demand for talc during the forecast period (2019-2029).
Rising demand for glass-fiber replacements and foaming agents in polypropylene and engineering polymers will amplify market growth. Efficacy to restore mechanical properties of recycled plastics will also boost the demand of talc worldwide.
Furthermore, trend of light weight automotive parts will positively influence talc consumption in the near future. In last decade, automotive production has risen by nearly 25 million units and the scenario is projected to continue which will create fruitful environment for talc’s market growth. The aforementioned aspects are projected to expand the market at a CAGR of ~4% throughout the forecast period.
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Ceramic Industry Will Continue to Dominate the Demand Pie
Ceramics industry has shown high demand growth for talc in 2018 and is projected to continue its dominance during the forecast period. Talc offers a range of applications within ceramic industry including but not limited to technical ceramics, automotive cordierite ceramics, and fireproof ceramics. Growing consumption of talc in electrical ceramic applications will create remunerative opportunities in the market.
Efficacy to enhance mechanical and optical properties of ceramic material and glazes will continue to be a key driving factor during the forecast period.
Furthermore, paints & coatings have emerged as a prominent industry to create substantial demand for talc and is forecast to account for over one fourth of the global demand by the end of 2029.
Talc’s significant characteristics to limit penetration of water and corrosive agents into paints & coatings will fuel its demand. Stain free and weather resistive talc is set to remain an ideal ingredient in paints and coatings industry.
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East Asia to Maintain its Supremacy in Talc Market
East Asia is poised to remain a highly lucrative region and is forecast to account for more than one third of the revenue share by the end of 2029.
In terms of production and consumption, China is the leading country across the globe and the scenario is projected to remain the same during the forecast period. East Asia is followed by South Asia & Oceania owing to a significantly rising manufacturing industry.
Furthermore, Asia Pacific alone produces about half of the global paper and paperboard, and accounts for 50% market share in global plastic production. Thus the APAC region is estimated to remain a prominent market in coming years.
Mature markets like North America and Europe are set to witness sluggish growth during the assessment period. Both regions will experience a similar trend and will grow in line with their regional GDP growth rates.
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Myriad Applications of Talc are Encouraging Players to Diversify Their Product Portfolio
Talc market is a partially consolidated market, where the top three players serve over one third of the global demand. In which, Imerys S.A., Minerals Technologies, and Mondo Minerals are the key stakeholders. To leverage the rising demand for talc from myriad applications, players have been offering a diversified product portfolio.
Players have been adopting organic and inorganic approaches to strengthen their market position. In recent years, market has witnessed some new entrants to leverage immense potential in the market. Players have been also offering different grades of products to monopolize their brand in the market.
- Similarity, Minerals Technologies, has commercialized 125 products in last five years to expand its product portfolio across the numerous industries and regions. Additionally, company’s focus on organic growth is likely to increase in the coming years.
- Moreover, in October 2018, Elementis, a global specialty chemical company acquired Mondo Minerals and entered the market with huge impact as Mondo Minerals is one of the key talc manufacturers.
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Talc Market: Segmentation
Fact.MR has segmented the talc market on the basis of form, end use industry, deposit type and region.
End Use Industry
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Talc Market - Scope of the Report
The talc market study done by Fact.MR gives exclusive information about how the market will grow during the forecast period of 2019 - 2029. The study predicts crucial trends that are determining growth of the talc market.
This newly published report sheds light on vital dynamics, such as drivers, restraints, and opportunities for key market players as well as emerging players associated with the manufacturing of talc.
The report primarily conveys a summary of the market, considering the present and upcoming ceramics industry, paints & coatings and automotive industry developments to reveal striking sides relating to the adoption of talc across prominent regional markets.
A detailed assessment of the market supply chain analysis, business execution, and value chain analysis across the regional markets have been provided in the report. A list of prominent companies operating in the talc market enhance the reliability of this comprehensive research study.
Talc Market: Report Summary
The study offers an inclusive analysis on diverse features including demand, revenue generation, and sales by key players in the talc market across the globe. A comprehensive study on the market has been done through optimistic and conservative scenarios.
The analysis and estimation of price point comparison by region with the global average price has been included in this study.
Talc Market: Analysis on Market Size Evaluation
Existing predictions of the talc market, encompassing current as well as forthcoming values estimates, analysis on region-wise demand trends, and price index have been assimilated in the report.
The market estimation at the regional and global scale of talc is available in terms of value (US$ Mn) and in terms volume (Kilo Tons). A Y-o-Y growth contrast of the prominent talc market segments, along with market attractiveness valuation computes have been incorporated in the report. Metrics mentioned above are also based on talc types, where talc witnesses a steady demand.
Talc Market: Scrutinized Assessment on Regional Segments
The weighted sections have been elaborated in the report of the talc market, which deliver projection on regional markets.
These chapters highlight regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the talc market during the forecast period.
Country-specific valuation on the demand for talc has been offered for each regional market, along with market scope estimates and forecast, price index, price point assessment, and impact analysis of dynamics in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Talc Market: In-depth Analysis on Competitive Landscape
The report offers the competitive scenario of the talc market, along with profiles of prominent companies contributing to market expansion. Essential and up-to-date data as well as information correlated to market performers, who are principally engaged in the formulation and supply of talc, have been presented with the help of a detailed dashboard view.
The market share analysis and comparison of prominent players provided in the report permit readers to take preemptive steps in advancing their businesses.
Company profiles have been combined in the report, which exert essentials such as form portfolio, along with all-inclusive SWOT analysis on each player. The company’s presence is mapped and presented through the matrix for all prominent players functioning in the talc market.
It offers actionable insights to readers, which helps in thoughtfully presenting market status, and predicting competition levels in the talc market. Prominent companies operating in the global talc market include Imerys, IMI Fabi, Jai Vardhman Khaniz Pvt. Ltd., Lianoing Aihai Talc Co. Ltd., Minerals Technologies and Mondo Minerals.
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