Talc Market Leaders & Key Revenue Pockets
Global "Talc Market is estimated to be USD 2.68 billion in 2018 and is projected to reach USD 3.35 billion by 2023, at a CAGR of 4.6% from 2018 to 2023. Growth of the market can be attributed to the rising demand for talc-reinforced polypropylene from the automotive industry, as automotive components made using talc-reinforced polypropylene reduce the weight of vehicles.
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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.
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