Talc Market Plastics Segment to Register High Growth by 2021 Sep 2016 | Page 3

Talc Market: Global Forecasts to 2021 “The plastics segment is the largest application segment in the global talc market” There is an increased demand for talc reinforced plastic parts in the automobile industry, domestic appliances, electrical & electronics industry and the food packaging industry, as it provides enhanced properties such as stiffness, heat resistance, rigidity, creep resistance, and impact resistance. Thus, the growing usage of talc in plastic products is expected to contribute towards the growth of the plastics application segment of the global talc market during the forecast period. “The Asia-Pacific region led the growth in demand in the global talc market” The Asia-Pacific region accounted for the largest share of the global talc market in 2015. The Asia-Pacific talc market is projected to grow at the highest CAGR during the forecast period. It has been observed that there is an increasing growth rate in industrialization as well as the population of countries such as China and India in the Asia-Pacific region. This has contributed to the growing demand for talc from end-use industries such as paper, automobile, paints & coatings, food, cosmetics, and agriculture, among others. © RnRMarketResearch.com ; [email protected]