Talc Market

Talc Market by Deposit Types (Talc Chlorite and Talc Carbonate), End-user Industries (Paints and Coatings, Pulp and Papers, Plastics and Rubbers, Personal Care, Food and Beverages, Pharmaceuticals, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-978
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 187
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The global talc market size is estimated to expand at a high CAGR of 3.9% during the forecast period, 2021–2028. The growth of the market is attributed to the widespread applications in paints and coatings, personal care and cosmetics, ceramics, medicines, paper and pulp, plastics, and food can expand the talc industry in the coming years.
 

Talc Market Key Takeaways


Talc is made up of hydrated magnesium silicate and is a clay mineral. It comes in the form of foliated to fibrous masses, as well as an uncommon crystal form. Talc, which is also referred to as baby powder, is a widely used material made up of corn starch and other ingredients. Talc can be used as grease and a thickening agent, that can be found in paint, ceramics, and roofing materials, as well as being a key ingredient in a variety of cosmetics.

Its chemical formula is similar to this basic composition, however, there are structural differences due to the replacement of magnesium with other elements. Due to its tolerance to acid, heat, and electricity, as well as oil and grease absorption, it is widely used as an industrial mineral. And for its softness, shine, aroma retention, purity, and whiteness, it is widely used in the commercial sector.

Talc is often used in the production of astringent baby powders that prevent rashes from being concealed by a diaper. It is a dispersing and anti-caking ingredient that aids in the optimal functioning of fertilizer for plants and animal feeds. Talc is often used as a glidant (a chemical applied to powder to enhance flow properties) and as an ingredient in the pharmaceutical and food industries. Due to its acid, heat, and electricity resistance, it is employed in the manufacture of electrical switchboards. It's also utilized as a lubricant in cosmetics and as a filler in the pulp and paper sector.

Market Trends, Drivers, Restraints, and Opportunities

  • Talc, which is used in industrial coatings and provides benefits such as corrosion prevention, solvents reduction, and strong adhesion, is in high demand due to the growing demand for industrial and marine coatings are major factors propelling the market growth during the forecast period.
  • Growing automotive refinishing market and the booming OEM parts market for the automotive sector are estimated to drive the market expansion in the coming years.
  • Growing digitization-related steady growth in the pulp and paper industry, increasing rules regulating the manufacturing and use of talc, and growing easy availability of alternatives are among the primary issues possess as a key factor that can restrict the market growth during the forecast period.
  • Health concerns in cosmetics and the effect of the COVID-19 epidemic are projected to impede the market expansion.
  • Increasing R&D activities for the creation of new varieties of talc, as well as growing demand for the product from various end-user industries, can provide new opportunities for the talc market is projected to create lucrative opportunities for the market players.

Scope of the Report

The report on the global talc market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Talc Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Deposit Types (Talc Chlorite and Talc Carbonate), and End-user Industries (Paints and Coatings, Pulp and Papers, Plastics and Rubbers, Personal Care, Food and Beverages, Pharmaceuticals, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Superior Materials Inc.; Nippon Talc Co. Ltd; Minerals Technologies Inc.; LITHOS Industrial Minerals GmbH; IMI Fabi SpA; Imerys; Golcha Group; ELEMENTIS PLC; Crips Guangxi Guilin Longsheng HuaMei Talc Development Co. Ltd; and ANAND TALC

 

Global Talc Market Segment Insights

Talc Carbonate segment is projected to represent a key market share
Based on deposit types, the global talc market is bifurcated into talc chlorite and talc carbonate. The talc carbonate segment is expected to hold a key share of the market in the coming years owing to its higher purity rates than any other deposit type.

Plastics and rubbers segment is expected to expand at a significant pace
On the basis of end-user industries, the market is divided into paints and coatings, pulp and papers, plastics and rubbers, personal care, food and beverages, pharmaceuticals, and others. The plastics and rubbers segment is expected to constitute a key share of the market during the forecast period due to it is mostly utilized as a filler in the plastic industry. The platy structure of talc particles serves to raise the stiffness of the product, which improves its heat resistance and shrinkage resistance. Talc improves plastic qualities such as hardness, toughness, tensile strength, impact absorption, electrical insulation, and stability. It also reduces heat loss from electrical equipment as it is an excellent insulator.

Talc is used in the manufacture of rubber to give it bounce and to keep it from becoming sticky. Talc's properties, such as its excellent heat resistance and bonding capabilities, make it a viable option for rubber applications. Talc reduces the viscosity of rubber compounds, making molded parts easier to manufacture. It also improves extrudate characteristics and the UV radiation resistance of vehicle profiles' exterior sections. Talc is used as an insulator in the tire production process and as a processing aid.
 

Talc Market By End User Industries


Asia Pacific is expected to dominate the market
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market at an impressive CAGR during the forecast period. The regional market growth can be attributed to the growing demand for talc from highly populated countries like India and China. Simple accessibility of raw resources and reasonable labor are other factors driving the market growth in the coming years. China stopped producing its pulp, increasing pulp pricing, which is anticipated to slow the development of talc use in the nation's pulp and paper industry. India is one of the few countries having resources of white talc. Talc deposits can be found all across the country. The majority of white talc manufactured is consumed within the nation.
 

Talc Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Talc Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Talc Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Talc Market - Supply Chain
  4.5. Global Talc Market Forecast
     4.5.1. Talc Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Talc Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Talc Market Absolute $ Opportunity
5. Global Talc Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Talc Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Talc Demand Share Forecast, 2019-2026
6. North America Talc Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Talc Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Talc Demand Share Forecast, 2019-2026
7. Latin America Talc Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Talc Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Talc Demand Share Forecast, 2019-2026
8. Europe Talc Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Talc Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Talc Demand Share Forecast, 2019-2026
9. Asia Pacific Talc Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Talc Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Talc Demand Share Forecast, 2019-2026
10. Middle East & Africa Talc Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Talc Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Talc Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Talc Market: Market Share Analysis
  11.2. Talc Distributors and Customers
  11.3. Talc Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Superior Materials Inc.
     11.4.2. Nippon Talc Co. Ltd
     11.4.3. Minerals Technologies Inc.
     11.4.4. LITHOS Industrial Minerals GmbH
     11.4.5. IMI Fabi SpA

Segments Covered in the Report
The global talc market has been segmented based on

Deposit Types

  • Talc Chlorite
  • Talc Carbonate

End-users Industries

  • Paints and Coatings
  • Pulp and Papers
  • Plastics and Rubbers
  • Personal Care
  • Food and Beverages
  • Pharmaceuticals
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Superior Materials Inc.
  • Nippon Talc Co. Ltd
  • Minerals Technologies Inc.
  • LITHOS Industrial Minerals GmbH
  • IMI Fabi SpA
  • Imerys
  • Golcha Group
  • ELEMENTIS PLC
  • Crips Guangxi Guilin Longsheng HuaMei Talc Development Co. Ltd
  • ANAND TALC

Key players competing in the global talc market include Superior Materials Inc.; Nippon Talc Co. Ltd; Minerals Technologies Inc.; LITHOS Industrial Minerals GmbH; IMI Fabi SpA; Imerys; Golcha Group; ELEMENTIS PLC; Crips Guangxi Guilin Longsheng HuaMei Talc Development Co. Ltd; and ANAND TALC. Some of these players are adopting several business strategies including acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares.
 

Talc Market By Key Players

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