Global Talc Market - Segmented by End-user Industry - Trends and Forecasts (2017 - 2022)
Breaking News : In December 2016, IMI FABI acquired the talc business of Magnesita Refratarios SA, which is situated in Brumado, Brazil. The global talc market was valued at USD XX million in 2016 and is poised to reach USD XX million by 2022, recording a CAGR of XX% during the forecast period 2017-2022. Talc is one of the most common minerals in metamorphic rocks. Talc is the softest mineral and has a very low rating in terms of hardness of the material. Talc has the lowest hardness among all other minerals. Talc can be easily scratched using fingernails and can be cut into fine pieces with a knife. Talc has a melting temperature of 1,200-1,500°C, making it one of the hardest minerals to melt. Talc can be found in various colors, such as white, grey, green, blue, pink, and black. The major factors driving the market growth are the increasing applications of plastics in the automotive industry and the increasing demand for paints and coatings in the industrial and construction sectors. On the flipside, health hazards of talc and the availability of substitute products are expected to hamper the growth of the talc industry. The global market has been segmented based on deposits and end-user industries. By deposit, the market has been segmented into talc chlorite and talc carbonate. By end-user industry, the market has been segmented into pulp & paper, paints & coatings, plastics & rubber, food & beverage, personal care, pharmaceuticals, and others. In 2017, plastics are expected to dominate the market share, due to the increasing demand for the use of talc in the plastic products and the increase in the usage of plastics in the automotive industry. The global talc market, by end-user industry as of 2017, is as shown below - The market is further segmented geographically into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In 2017, North America has a market share of XX% and is expected to dominate the global market over the forecast period. Opportunities and Major Players Increasing number of applications in several industries are expected to provide opportunities for the growth of the market over the forecast period. Some of the major players in the global market include - • IMI Fabi • Mondo Minerals BV • Imerys Talc • American Talc Company Key Deliverables in the Study • Market analysis for the global talc market, with country-specific assessments and competition analysis on global scale. • Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities. • Extensively researched competitive landscape section with profiles of major companies, along with their market share. • Identification and analysis of the macro and micro factors that affect the talc market on global level. • A comprehensive list of key market players, along with the analysis of their current strategic interests and financial information.