DALLAS, Feb. 22, 2019 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the global superfine talc market looks promising with opportunities in the automotive, building and construction, electrical and electronics, industrial, packaging, personal care, food, and pharmaceuticals markets. The global superfine talc market is expected to reach an estimated $1.1 billion by 2024 with a CAGR of 4.1% from 2019 to 2024. The major drivers for this market are growth in plastic demand for the automotive industry, and increasing paint and coating demand for the construction and industrial sectors.
Browse 161 market data tables and 159 figures spread through 240 pages and in-depth TOC on “Global Superfine Talc Market" at https://www.lucintel.com/superfine-talc-market.aspx
In this market, different types of superfine talc such as plastic, paint and coating, cosmetics, pharmaceuticals, food, paper, and others are used as application. Lucintel forecasts that plastic will remain the largest application, and it is also expected to witness the highest growth over the forecast period due to growth in automotive production and increasing plastic content per vehicle.
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Asia Pacific is expected to remain the largest region by value and volume and also witness the highest growth over the forecast period due to increasing automotive production and growth in industrial, electrical and electronics, and cosmetic sectors.
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Emerging trends, which have a direct impact on the dynamics of the superfine talc industry, include increasing demand for specialty micronized grade talc and emerging application of plastic for automotive industry such as, seat back rest and seat pan. Imerys, Mondo Minerals, Minerals Technologies, Nippon Talc, American Talc, IMI Fabi, and Golcha and others are among the major superfine talc manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed and forecasted for the global superfine talc market by application, end use industry, deposit, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Superfine Talc Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com