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Opportunities For The Global Talc Market To Reach $1.7 Billion By 2021
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According to a new market report published by Lucintel, the future of the talc market looks promising with opportunities in the plastic, paper, and paint & coating applications. The global talc market is expected to reach an estimated $1.7 billion by 2021 and is forecast to grow at a CAGR of 3.0% from 2016 to 2021. The major drivers of growth for this market are increasing usage of plastics in automotive and growth in demand for paint and coatings in construction and industrial sectors.
Talc is used as filler in variety of applications such as, paper, plastic, ceramics, paint & coating, roofing, cosmetic and other applications. Lucintel predicts that the demand for plastics is likely to experience the highest growth in the forecast period supported by growing demand for lightweight plastics in the automotive industry.
Within the talc market, talc carbonate is expected to remain the largest market. Talc carbonate provides lower viscosity and better scrub resistance than others type of talc, which is expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest region due to its higher production of paper and plastic.
Asia Pacific and the North America are expected to witness good growth over the forecast period because of an increase in automotive demand and growth in industrial, infrastructure, and cosmetic sectors.
For business expansion, the report suggests innovation and new product development to reduce weight, increase stiffness, and lowering cost of parts. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for the end user.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing production of specialty micronized grade talc for plastic and increasing demand for talc in lightweight automotive plastic parts. Imerys, Mondo Minerals, Minerals Technologies, Nippon Talc, and American Talc Company are among the major suppliers of the talc.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global talc market by application, type of deposit, and region and has come up with a comprehensive research report entitled “Global Talc Market 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the talc market by application, type of deposit, and region as follows:
By application [Volume (M lbs. / Kilotons) and $M shipment analysis from 2010 to 2021]:
• Paint & Coating
By type of deposit [Volume (M lbs. / Kilotons) and $M shipment analysis from 2010 to 2021]:
• Talc Chlorite
• Talc Carbonate
By region [Volume (M lbs. / Kilotons) and $M shipment analysis from 2010 to 2021]:
• North America
• Asia Pacific
• Rest of World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or firstname.lastname@example.org. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for global talc market by applications (paper, plastic, ceramics, paint & coating, roofing, cosmetic, and other), type of deposit (talc chlorite, talc carbonate, and others), and regions (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via materials / product substitution?
Q.11 What M&A activities have occurred in the last 5 years?
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