Kenneth Research, in its repository of market research reports, has recently added a report on Talc Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Talc Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Talc Market products.
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A report on Talc Market has recently been added into the repository of market research reports of Kenneth Research. The report, which is calculated for the forecast period 2021 2025, provides an in-depth analysis on the opportunities, latest trends, challenges and the growth drivers that are associated with the growth of the market. The market is thriving on account of the growing need for chemicals that are less toxic, backed by the stringent government regulations to regulate chemical pollution. It is estimated that more than 3 million tons of toxic chemicals have been released by industries till date in the year 2021.
On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
In its database of market research reports, Kenneth Research has recently added a report on ‘Talc Market’ that focuses on the key strategies developed by the key players operating in the market, along the growth factors, opportunities and the challenges associated with the growth of the market for the projected period of 2021 2025. The report also provides a full assessment of the micro- and macro-environmental factors by utilizing tools such as PESTEL and Porter’s five forces analysis to analyze the market growth. Additionally, the report consists of the numerical data in terms of value and volume, and also includes detailed analysis on the impact of COVID-19 on the Talc Market during the forecast period.
Global Talc Market Analysis
According to Verified Market Research, The Global Talc Market was valued at USD 2.63 Billion in 2018 and is projected to reach USD 3.72 Billion by 2026, growing at a CAGR of 4.42% from 2019 to 2026.
What is Talc?
Talc is a clay mineral that is composed of hydrated magnesium silicate. It occurs as foliated to fibrous masses, and in a rare crystal form. Talc, with the combination of corn starch is a widely used substance, which is more commonly known as baby powder. Talc can be used as lubricant and a thickening agent, which has applications in ceramics, paint and roofing material, as well as is a crucial ingredient in various cosmetic products.
Global Talc Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.The increased demand for talc from the automotive industry as well as the increasing industrialization and increased disposable income from the emerging economies are leading to the growth of the market. Factors such as the easy availability of substitutes as well as the rules and regulations that determine the production as well as the use for talc are restraining the growth of the market.
With the growing industrial expansions occurring in developing economies such as in the Asia Pacific region as well as the surging energy prices, the market is expected to grow. Other factors that are aiding the growth of the market includes the growing demand for nuclear power generation. Factors such as the lack of awareness surrounding energy efficiency are restraining the growth of the market.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Talc Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Talc Market Competitive Landscape
The “Global Talc Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Imerys, Nippon Talc, Liaoning Aihai Talc, Mondo Minerals, Minerals Technologies, Guangxi Guilin Longsheng Huamei Talc Development Company, Sibelco, Xilolite, IMI Fabi and Golcha Minerals. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Talc Market, By Deposit Type
• Talc Carbonate
• Talc Chlorite
• Other Talc Deposits
Global Talc Market, By End-Use Industry
• Cosmetics & Personal Care
• Paints & Coatings
• Pulp & Paper
Global Talc Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post sales analyst support
Customization of the Report
• In case of any queries or customization requirements please connect with our sales team, who will ensure that your requirements are met.
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