The Asia-Pacific talc market is estimated to witness a strong CAGR of 3.8% during the forecast period (2020-2026). Increasing urbanization rates, growing disposable incomes, and rising industrialization are among the major factors enabling the growth of the Asia-Pacific talc market. People with increasing disposable incomes spend more on new and innovative products, both household and industrial, which positively impact the demand for technology-enabled and new-age infrastructure. This, in turn, will raise investments in engineering and construction, thus demanding more talc.
Browse the full report description Asia-Pacific Talc Market Size, Share & Trends Analysis Report by Deposits (Talc Carbonates, Talc Chlorites, and Others) and by End-user (Ceramics, Construction, Cosmetics and Personal Care, Paints and Coatings, Pharmaceuticals, Plastics, Pulp and Paper, and Others) Forecast Period (2021-2027) at https://www.omrglobal.com/industry-reports/asia-pacific-talc-market
Asia-Pacific is also the largest market for the global construction industry as of 2020 and will continue to dominate the industry. However, the growth in construction activities declined in HI 2020, mainly due to the slowdown of construction in China and other key Asian countries, which was further worsened due to the COVID-19 outbreak. However, the decline is expected to be supplemented by the acceleration of construction activities in India and other South Asian countries as the region exits national lockdowns, and the revival of both supply and demand is working to offset the market dampening resulted from regional slowdown and COVID-19.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
Asia-Pacific Talc Market Report Segment
By Deposits
By End-user
Asia-Pacific Talc Market Report Segment
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