Talc and Pyrophyllite Demand to Reach 9.6 Million Metric Tons by 2012, According to New Report by Global Industry Analysts, Inc.
Consumption of talc products in plastics market has been immensely growing over the past few years. Plastics end-use segment is offering lucrative growth prospects for talc manufacturers. Surging requirements of automotive market for recyclable and lightweight materials have largely been contributing to the escalating demand for plastics, which in turn is propelling growth of talc products. The innovative submicron and compacted talc products offer wide opportunities for superior performance end-use products. Talc products are also being extensively used in vehicles for manufacturing and processing cordierite bodies for catalytic converters. Owing to their advantages, talc products are being delved for new uses in diverse applications.
San Jose, California (PRWEB) October 27, 2008
The global talc and pyrophyllite market (http://www. strategyr. com/Talc_and_Pyrophyllite_Market_Report. asp) is expected to grow steadily and reach 9.6 million metric tons by 2012, translating a compounded annual growth rate (CAGR) of 3.8% over the period 2008-2012. Asia-Pacific region (excluding Japan) is the largest market for talc and pyrophyllite in the world, accounting for a share of over 32.4% of the global market in 2008, followed by Europe with a share of 20.9%. Asia-Pacific region (excluding Japan) is also expected to offer the highest growth potential for talc and pyrophyllite, with a CAGR of about 3.23% through the period 2000-2010, followed closely by Latin America at 3.1%. The United States, Japan, and Europe, which represent mature markets for talc and pyrophyllite are expected to offer relatively slower growth opportunities. The talc market (http://www. strategyr. com/Talc_and_Pyrophyllite_Market_Report. asp), accounting for a share of more than 76% represents the dominant product segment, with the pyrophyllite market (http://www. strategyr. com/Talc_and_Pyrophyllite_Market_Report. asp) accounting for the rest.
Paper (http://www. strategyr. com/Talc_and_Pyrophyllite_Market_Report. asp) represents the largest end-use industry for talc, followed by ceramics industry. Demand for talc from the paints industry offers the highest growth potential, with a CAGR of about 3.8% through the period 2000-2010, followed by the plastics industry, with the CAGR expected to hover around 3.5% over the aforementioned period.
The problems of the paper industry are spilling over into demand for talc, as the paper industry is the largest end-use segment for talc. On the other hand, the healthy growth in plastics is resulting in increasing demand for talc from the plastics industry. The biggest end-user markets for talc, paper and ceramics sectors, jointly constitute more than 56% of demand for talc minerals. These two markets are drifting away from talc use as grounded and precipitated calcium carbonate is increasingly gaining ground in paper fillers. On the other hand, pyrophyllite is facing competition from the higher-performance mag-carbon and dolomite-carbon products in refractories industry. Hence, it is anticipated that growth of talc lies outside these two markets in the future. New product developments such as sub-micron talcs that improve plastic properties can enhance talc sale in the plastic industry.
The six major talc producing countries including USA, China, India, Brazil, France and Finland account for a lion's share of production, with the USA and China accounting for a majority share among these regions. On the other hand, pyrophyllite production is concentrated in Asian countries. South Korea and China are among the major producers of pyrophyllite in the world.
Major global players profiled in the report include Golcha Group, Mineral Technologies, Inc., Mondo Minerals Oy, Rio Tinto Plc, Luzenac Group, R. T. Vanderbilt Company, Gouverneur Talc Company, Inc, and Standard Mineral Company, Inc.
The report titled "Talc and Pyrophyllite: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product overview, key markets worldwide, product introductions/innovations, and recent industry activity. The study emphasizes on demand, and production/supply, and prices to provide an incisive analysis of the market. The report analyzes market data and analytics for the period 2000 through 2015 in volume sales for regions such as the United States, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America, and Rest of World. Product segments analyzed under Talc and Pyrophyllite include Talc, and Pyrophyllite. The Talc segment is further analyzed by the following end-use applications - Ceramics, Paper, Paints, Plastics, Roofings, Cosmetics, and other end-use applications; and the Pyrophyllite segment is further analyzed by Ceramics, and other end-use applications.
For more details about this research report, please visit http://www. strategyr. com/Talc_and_Pyrophyllite_Market_Report. asp (http://www. strategyr. com/Talc_and_Pyrophyllite_Market_Report. asp)
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. strategyr. com/) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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