Startview Research has launched a market research report titled ‘Talc Market’ that is compiled by leveraging findings as well as insights about the market that helps businesses to stay ahead in the competitive market. It also helps the market players in selecting targets, guide where to invest, giving users a detailed information about company profile, etc. This report provides reliable and accurate market data, that can work as the key for the growth of any business. The report estimates about future trends, challenges, linchpins, opportunities, revenue and future sales count in the target market along with forecasting for a 5-year period.
According to this report, the global talc market offers a healthy growth opportunity in the entire ecosystem over the next five years and will reach an estimated value of US$ 3.1 billion in 2023. Talc serves a wide array of applications owing to its excellent properties, such as resistance to heat, electricity, acids, oil, and grease adsorption. The material is widely used to enhances the properties, such as stiffness, thermal conductivity, impact resistance, creep resistance, and chemical resistance, of materials or parts used in various end-use industries. Excellent properties, increasing plastics content in the automotive industry, and growing demand for paint & coatings are the major factors that are driving the global talc market.
Talc is used to serve different functions in different applications. For instance; talc is used as a filler in the pulp & paper industry whereas it is used as a lubricant in the cosmetics industry, as an additive in the food industry, and as a glidant in the pharmaceutical industry. It is also used as a pleurodesis agent to prevent pneumothorax or recurrent pleural effusion in medicines and acts as an effective dispersing agent and anti-caking agent and helps fertilizer plants and animal feeds to function efficiently.
Market Segments' Analysis
Stratview Research has bifurcated the Talc Market by the following –
· Deposit Type (Talc Chlorite, Talc Carbonate, and Others)
· Application Type (Pulp & Paper, Cosmetics, Plastics, Ceramics, Paints & Coatings, Pharmaceuticals, Food, and Others)
· Region (North America, Europe, Asia-Pacific, and Rest of the World).
The global talc market is segmented based on the deposit type as Talc Chlorite, Talc Carbonate, and others. Talc carbonate is projected to remain the largest segment of the market during the forecast period, driven by its high availability in the world, high talc content, and excellent purity. The deposit type is also likely to witness the highest growth over the next five years.
Based on the application type, the talc market is segmented into Pulp & Paper, Cosmetics, Plastics, Ceramics, Paints & Coatings, Pharmaceuticals, Food, and Others. Plastic is likely to remain the most dominant and fastest-growing application segment of the market over the next five years, driven by talc’s usage in a wide range of plastic applications including automobile parts, household appliances, electrical and electronic parts, and wood-plastic composite parts.
Stringent government regulations, such as CAFÉ Standards, are compelling the automakers to introduce lightweight parts into their vehicles to make them lighter in order to meet the fuel efficiency and carbon emission reduction targets. They (automakers) have been increasing the content of plastics into their vehicles, which is further boosting the demand for talc in plastic applications.
Market Features
This report on the Talc Market is one of the important tools with the help of which the users can obtain a well perspective and through understanding of target market and customer. The details in the report covers Covid19 impact on the market and also predicts how long will it take to recoup which aids in reducing the business failures.
- Trend analysis, pricing and competitive analysis are some of the vital factors covered in this report.
- This report consists of in-depth analysis of the market to help businesses in improving decision making.
- Talc Market report aims at evaluating future sales as well as trends for the prediction period 5 years.
- This report helps to keep the users updated with key changes that take place in the present market.
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