Growth Opportunities in the Global Talc Market
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 2021and is forecast to grow at a CAGR of 3.0% from 2016 to 2021. The major drivers of growth for thismarket are increasing usage of plastics in automotive and growth in demand for paint and coatingsin 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 toexperience the highest growth in the forecast period supported by growing demand for lightweightplastics in the automotive industry.
Within the talc market, talc carbonate is expected to remain the largest market. Talc carbonateprovides lower viscosity and better scrub resistance than others type of talc, which is expected tospur growth for this segment over the forecast period.
For business expansion, the report suggests innovation and new product development to reduceweight, increase stiffness, and lowering cost of parts. The report further suggests the developmentf partnerships with customers to create win-win situations and development of low-cost solutionsfor the end user.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:
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