Scienza e Tecnologia
Talc Application as Anti-blocking Agent in Polyethylene Production to Continue Rising, Creating US$ 600 Mn Incremental Opportunity by 2031
NEW YORK , Oct. 19, 2021 /PRNewswire/ -- As per the recent survey by Fact.MR, the global talc market is estimated to reach US$ 327.7 Mn in 2021. Sales of talc are driven by the extensive applications for polymer engineering and the introduction of asbestos-free talc.
In response to these aspects, the market is projected to total US$ 600 Mn , expanding at a CAGR of 4.9% during the forecast period from 2021 to 2031.
Talc is increasingly used as an anti-blocking agent in polyethylene production. Along with cristobalite, calcined kaolin, and precipitated silica, talc is added in polyethylene films to improve transparency, enhance mechanical properties, reduce contact area, and haze.
Hence, increasing demand for polyethylene films across diverse end-use industries such as automotive, landscaping, and electrical fabrication are expected to create high growth opportunities for the market.
In recent years, talc has found a wide array of applications, especially, across paints and coatings industry. Favorable attributes of talc such as anti-corrosion, hydrophobic, lamellar structure, and chemically inert make it a perfect ingredient for manufacturing paints, coating, putties, and primers.
As per Fact.MR, Asia Pacific is projected to emerge as the most lucrative market, accounting for around 50% of the global sales in 2021. High presence of large reserves of lava-grade talc and increasing application of talc in recycling paper as a binding agent in India and China are the factors responsible for the regional growth.
a Fact.MR analyst.
Key companies in the global talc market are focusing of development of new asbestos-free talc to expand its product portfolio across various industries. Strategic collaborations, agreement, merger, and acquisition are amongst the highly adopted expansion strategies experiences in the global market.
Some of the key players in the market profiled by Fact.MR are:
Fact.MR, in its new report, offers an unbiased analysis of the global talc market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in talc market with detailed segmentation:
The increased use of fillers and recycled fiber to produce a desirable grade paper necessitated particular bleaching and cleaning procedures, which increased demand for calcined kaolin and accelerated the expansion of the worldwide calcined kaolin market. The paper and pulp sector is one of the chemical's most important end customers, ensuring future need for calcined kaolin. Paper producers are working to improve the performance of their products by adding additives and fillers, which is driving up demand for calcined kaolin.
Antiblock agents' low cost and wide range of uses in the plastics industry will aid in their sales growth. Leading producers are developing bespoke types of antiblock agents, which will aid in their sales growth in the next years. Antiblock agent sales will be aided by the increased use of polymer films such as polyethylene, polypropylene, or vinyl films in different industrial and nanotechnology applications. The most effective antiblock agents now available are diatomaceous earth and talc, with talc's graph continuing to rise because to increased demand for antiblock agents.
Ceramics are widely utilized in the construction business, which is rapidly expanding around the world, particularly in developing countries. Growing economies, urbanization, per capita income and spending, GDP growth, and population increase are all driving up demand for building in the housing and commercial sectors. Ceramics continue to be highly appreciated in the semiconductor industry as packaging materials, substrates, and other support services due to the outstanding safety and reliability they provide.
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