Indian Talc Market to experience an impressive growth during 2018-2023
February 06, 2020
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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Indian Talc Market Segment Insights:
By Deposit Type:
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.
By Application Type
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.
By Region:
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.
Key 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.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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