Growth Opportunities in the Global Talc Market 2016-2021
Irving, TX -- (SBWIRE) -- 11/17/2016 -- 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.
This report has 111 figures/charts and 34 tables spread through 150 pages. For more detail on this report please click link http://www.lucintel.com/global_talc_market_2016_2021.aspx
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.
Download Free PDF Report Brochure here http://www.lucintel.com/rb/global_talc_market_2016_2021.aspx
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]:
By region [Volume (M lbs. / Kilotons) and $M shipment analysis from 2010 to 2021]:
-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 click on this link http://www.lucintel.com/global_talc_market_2016_2021.aspx or firstname.lastname@example.org.
Browse related reports from here http://www.lucintel.com/reports/chemical_market_report.aspx
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