Dec, 21 2022

Global Talc Market is Growing at a Significant Rate in the Forecast Period 2019-2026

According to Data Bridge Market Research new Market report, global talc market accounted to USD 2.76 billion in 2018 growing at a CAGR of 4.50 % during the forecast period of 2019 to 2026.

Global Talc Market

Talc/Talcum is known as a clay mineral that subsists of hydrated magnesium silicate. It is most widely used as a baby powder. It has a wide variety of other applications as well, due to its resistance to heat, electricity and resistance to absorption of acids, oil and grease. Its characteristics are softness of the mineral, capability of retaining the fragrances, purity and white color.

Due to its unique characteristics it is also very widely used as reinforcement for polypropylene, which is what makes the electric vehicles. These electric vehicles are made up of lightweight plastics and composites due to the effects it has on fuel efficiency.

Access Full Report at https://databridgemarketresearch.com/reports/global-talc-market

Segmentation: Global Talc Market

Global talc market is segmented on the basis of deposit type, end-use and geography.

By Deposit Type (Talc Carbonate, Talc Chlorite, Others), End-Use (Pulp & Paper, Plastic Industry, Ceramics, Paints & Coatings, Cosmetics & Personal Care, Pharmaceuticals, Food, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

FACTORS DRIVING GROWTH IN TALC MARKET:

Rising demand of plug-in electric vehicles:

According to EVvolumes.com – The Electric Vehicle World Sales Database; in the first half of 2018, an estimated 783,000 units of plug-in electric vehicles were dispatched. This number is an increase of around 66% over the first half of 2017. Presently, China is leading the other regions in terms of volumes with around 51% of total volume share. This rise in electric vehicles is directly and positively affecting the demand of talc as the manufacturers of these electric vehicles use lightweight plastics and composites which are reinforced with talc. Talc is used for the reinforcement of plastics as it increases the stiffness of plastics and therefore the threshold for fracture of plastics improving the impact strength.

Global Talc Market

Key Market Competitors: Global Talc Market

Few of the major market competitors currently working in the talc market are Imerys, Mondo Minerals B.V., Minerals Technologies Inc., IMI FABI S.p.A., Golcha Group, Nippon Talc Co.Ltd., AIHAITALC.COM, Cnps Guangxi Guilin Longsheng Huamei Talc Development CO.Ltd., Sibelco, Xilolite, LAIZHOU YUDONG TALCUM POWDER CO. LTD., Haichen Minchem Co. Ltd., Jai Vardhman Khaniz Pvt. Ltd., Omargroup, SEKYUNG CORPORATION, HAYASHI-KASEI, Magnesita Refratários S.A., and LITHOS Industrial Minerals GmbH.

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Global Talc Market is Growing at a Significant Rate in the Forecast Period 2019-2026

Segmentation: Global Talc Market