Indian Talc Market projected to grow at a Healthy CAGR in the forecast period (2018-2023)

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Indian Talc Market is expected to inflate at impressive CAGR by the forecast period (2018-2023).

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Highlights of the Report:
The Indian talc market offers a healthy growth opportunity in the entire ecosystem of the market over the next five years. In India, talc is used for a wide array of applications owing to its excellent properties, such as resistance to heat, electricity, acids, oil, and grease adsorption. Excellent properties of talc, increasing plastics content in the Indian automotive industry, and growing demand for paint & coatings in both residential as well as commercial construction are the major factors that are driving the Indian talc market.

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Market Segments:
The Indian talc market is segmented based on the deposit type as Talc Chlorite, Talc Carbonate, and Others. Talc carbonate is likely to witness the highest growth in the Indian talc market over the next five years, driven by its availability, high talc content, and excellent purity.

Based on the application type, the Indian talc market is segmented into Pulp & Paper, Cosmetics, Plastics, Ceramics, Paints & Coatings, Pharmaceuticals, Food, and Others. Plastics, pulp & paper, and paints & coatings are the major markets for talc in India. All these three application segments are projected to remain dominant over the next five years, driven by increasing demand for reinforcing fillers.

Based on the regions, the Indian talc market is segmented into North India, West India, South India, and East India. North India and West India are the growth engines of the Indian talc market, owing to the availability of huge reserves in these regions. Uttarakhand and Rajasthan are the major states in these regions that contain huge reserves of talc.

Market Players:
The Indian talc market is highly consolidated with the presence of a finite number of players which are catering the demand from a wide array of end-use industries. The key players in the Indian talc market are Golcha Minerals, Golcha Associated, Imerys Ceramics India Private Limited, Nalwaya Mineral Industries Pvt. Ltd., Khaitan Industries, Katyar Mining & Industrial Corporation, and Vaaidehi Minerals.

Features of the Report
Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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This release was published on openPR.