Talc Market
PUBLISHED: 2024 ID: SMRC24991
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Talc Market

Talc Market Forecasts to 2030 - Global Analysis By Type (Ultrafine-Powder Talc, Fine-Power Talc, General-Purpose Talc, Burnt Talc and Other Types), Deposit Type, Application and By Geography

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4.3 (18 reviews)
Published: 2024 ID: SMRC24991

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Talc Market is accounted for $3.7 billion in 2023 and is expected to reach $5.8 billion by 2030 growing at a CAGR of 6.6% during the forecast period. Talc is a naturally occurring mineral that is composed of hydrated magnesium silicate. It's one of the softest minerals known to man and has a wide range of uses across various industries due to its unique properties. In the realm of cosmetics and personal care, talc is a staple ingredient in powders, makeup, lotions, and various skincare products. 

According to the India Brand Equity Foundation, the total value of plastics exported between April and September 2022 was USD 6.38 billion. Furthermore, China has a huge plastics market that requires a high supply of talc to function. 

Market Dynamics: 

Driver: 

Increasing industrialization and increased disposable income of the middle-class population

Industrialization drives demand for talc in sectors like plastics, automotive, construction, and consumer goods particularly in manufacturing processes, resulting in a heightened need for talc-based materials. Additionally, there's a surge in construction activities, leading to higher demand for talc in materials like ceramics, paints, coatings, and plastics used in building and infrastructure projects. 

Restraint:

Scrutiny due to health concerns associated with its asbestos content

Reports and studies linking talc to asbestos contamination have raised concerns among consumers regarding the safety of talc-based products. This has led to a decline in consumer confidence and trust in the safety of talc, particularly in products such as cosmetics and personal care items. Further the negative publicity surrounding talc's potential health risks has damaged the market reputation and brand image of talc-based products and the companies associated with them. This negative perception can significantly impact sales and market share, affecting the overall profitability of businesses operating in the talc industry.

Opportunity:

Continuous innovations in talc processing technologies and refining methods

Innovations in processing technologies have led to the production of higher-quality talc with enhanced purity levels and desired particle sizes. This has enabled manufacturers to cater to specific industrial requirements, resulting in superior end products in sectors such as plastics, ceramics, and cosmetics. Ongoing innovations in talc processing encourage research and development initiatives, fostering collaborations between industries and academia. This promotes the discovery of novel applications and further improvements in talc-based products creating wide range of opportunities for the growth of the market.

Threat:

Availability of alternative materials and substitutes 

With the presence of substitutes offering similar properties or functionalities, the talc market might experience a decline in its market share, competing materials that can mimic talc's characteristics, such as mineral fillers or synthetic additives, might divert demand away from talc-based products. Further in industries where multiple materials can serve the same purpose, for instance, in the plastics industry, if alternate fillers or reinforcements can match or surpass talc's performance, it might affect talc's usage in those applications.

Covid-19 Impact

During the initial phases of the pandemic, the talc market experienced disruptions in production and distribution due to workforce shortages, logistical challenges, and reduced operational capacities. Industries dependent on talc encountered supply chain interruptions, affecting their manufacturing capabilities and product availability. Conversely, the healthcare sector witnessed a surge in demand for pharmaceuticals and personal care products, indirectly impacting the demand for talc used in manufacturing these items. 

The ultrafine-powder talc segment is expected to be the largest during the forecast period

The ultrafine-powder talc segment is estimated to have a lucrative growth, because the finer particle size of ultrafine-powder talc enhances its properties, offering improved performance in applications such as plastics, paints, cosmetics, pharmaceuticals, and ceramics. This innovation has led to heightened demand due to its finer texture, increased surface area, and enhanced functionality compared to conventional talc grades. Additionally, in cosmetics, the ultrafine nature of talc ensures better coverage and a silky-smooth feel in various formulations drive the growth of the market in this region.

The talc carbonate segment is expected to have the highest CAGR during the forecast period

The talc carbonate segment is anticipated to witness the highest CAGR growth during the forecast period, as the talc carbonate, also known as ""talc chlorite,"" occurs in varying concentrations within talc deposits and influences the overall quality and characteristics of talc-based products. Moreover, the presence of talc carbonate can affect processing techniques and manufacturing costs. Higher talc carbonate concentrations might necessitate additional refining processes to attain the desired purity levels, potentially influencing production expenses.

Region with largest share:

North America is projected to hold the largest market share during the forecast period attributed to the changing consumer preferences and regulatory developments surrounding talc-related health concerns. Moreover, companies operating in this market continually emphasize product innovation, quality control, and sustainable mining practices to meet evolving consumer demands while addressing environmental and health considerations. As industries diversify and technological advancements persist, the North American talc market is poised for dynamic shifts and strategic expansions in the coming years.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the fierce competition in the domestic and export markets forces ceramic producers to improve their production process and product quality in the region. Also, China is the leading producer and consumer of ceramics worldwide. It is one of the largest producers of ceramic tiles in the world and has produced around billion square meters of ceramic tiles. The fierce competition in the domestic and export markets forces ceramic producers to improve their production process and product quality in the region. 

Key players in the market

Some of the key players in the Talc Market include Anand Talc, AKJ MinChem, American Talc Company, Chanda Minerals, ELEMENTIS PLC, Eurominerals Gmbh, Golcha Group, Guangxi Guilin Longsheng Huamei Talc Development Company, Imerys, IMI Fabi SpA, Liaoning Aihai Talc, LITHOS Industrial Minerals GmbH, Magris Performance Materials, Minerals Technologies Inc., Mondo Minerals, Nippon Talc Co. Ltd, Shandong Province Pingdu Talc Mining, Sibelco, U-talc Minerals and Xilolite  

Key Developments:

In December 2023, Imerys and Seitiss announce the creation of a Joint Venture to develop mineral solutions from the circular economy. The joint venture will use innovative tools developed by Seitiss, making it possible to source unexploited waste deposits and promote them to various industrial users, including Imerys.

In November 2023, Elementis announces opening of R&D unit and global centre of excellence in Portugal plans to recruit 100 employees in the short term. This new unit, which will be headquartered in Porto and is scheduled to open in the 1st half of 2024, will support both of Elementis' business segments

In April 2023, China's Shenzhen Keycor Technology Company joins hands with Chanda Minerals & Marbles Pvt Ltd, MoU worth $35 million. This is the biggest order a foreign company has received for quartz stone from a Rajasthan company.

Types Covered:
• Ultrafine-Powder Talc
• Fine-Power Talc
• General-Purpose Talc
• Burnt Talc
• Other Types
 
Deposit Types Covered:
• Talc Carbonate
• Talc Chlorite
• Other Deposit Types

Applications Covered:
• Paper & Pulp
• Cosmetics & Personal Care
• Pharmaceutical Industry
• Plastics Industry
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary     
       
2 Preface      
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 Application Analysis   
 3.7 Emerging Markets    
 3.8 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Talc Market, By Type    
 5.1 Introduction    
 5.2 Ultrafine-Powder Talc   
 5.3 Fine-Power Talc    
 5.4 General-Purpose Talc   
 5.5 Burnt Talc    
 5.6 Other Types    
       
6 Global Talc Market, By Deposit Type   
 6.1 Introduction    
 6.2 Talc Carbonate    
 6.3 Talc Chlorite    
 6.4 Other Deposit Types   
       
7 Global Talc Market, By Application   
 7.1 Introduction    
 7.2 Paper & Pulp    
 7.3 Cosmetics & Personal Care   
 7.4 Pharmaceutical Industry   
 7.5 Plastics Industry    
 7.6 Other Applications    
       
8 Global Talc Market, By Geography   
 8.1 Introduction    
 8.2 North America    
  8.2.1 US    
  8.2.2 Canada    
  8.2.3 Mexico    
 8.3 Europe     
  8.3.1 Germany    
  8.3.2 UK    
  8.3.3 Italy    
  8.3.4 France    
  8.3.5 Spain    
  8.3.6 Rest of Europe   
 8.4 Asia Pacific    
  8.4.1 Japan    
  8.4.2 China    
  8.4.3 India    
  8.4.4 Australia    
  8.4.5 New Zealand   
  8.4.6 South Korea   
  8.4.7 Rest of Asia Pacific   
 8.5 South America    
  8.5.1 Argentina   
  8.5.2 Brazil    
  8.5.3 Chile    
  8.5.4 Rest of South America  
 8.6 Middle East & Africa   
  8.6.1 Saudi Arabia   
  8.6.2 UAE    
  8.6.3 Qatar    
  8.6.4 South Africa   
  8.6.5 Rest of Middle East & Africa  
       
9 Key Developments     
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
 9.2 Acquisitions & Mergers   
 9.3 New Product Launch   
 9.4 Expansions    
 9.5 Other Key Strategies   
       
10 Company Profiling     
 10.1 Anand Talc    
 10.2 AKJ MinChem    
 10.3 American Talc Company   
 10.4 Chanda Minerals    
 10.5 ELEMENTIS PLC    
 10.6 Eurominerals Gmbh    
 10.7 Golcha Group    
 10.8 Guangxi Guilin Longsheng Huamei Talc Development Company
 10.9 Imerys     
 10.10 IMI Fabi SpA    
 10.11 Liaoning Aihai Talc    
 10.12 LITHOS Industrial Minerals GmbH  
 10.13 Magris Performance Materials   
 10.14 Minerals Technologies Inc.   
 10.15 Mondo Minerals    
 10.16 Nippon Talc Co. Ltd    
 10.17 Shandong Province Pingdu Talc Mining  
 10.18 Sibelco     
 10.19 U-talc Minerals    
 10.20 Xilolite     
       
List of Tables      
1 Global Talc Market Outlook, By Region (2021-2030) ($MN) 
2 Global Talc Market Outlook, By Type (2021-2030) ($MN) 
3 Global Talc Market Outlook, By Ultrafine-Powder Talc (2021-2030) ($MN)
4 Global Talc Market Outlook, By Fine-Power Talc (2021-2030) ($MN)
5 Global Talc Market Outlook, By General-Purpose Talc (2021-2030) ($MN)
6 Global Talc Market Outlook, By Burnt Talc (2021-2030) ($MN) 
7 Global Talc Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Talc Market Outlook, By Deposit Type (2021-2030) ($MN)
9 Global Talc Market Outlook, By Talc Carbonate (2021-2030) ($MN)
10 Global Talc Market Outlook, By Talc Chlorite (2021-2030) ($MN)
11 Global Talc Market Outlook, By Other Deposit Types (2021-2030) ($MN)
12 Global Talc Market Outlook, By Application (2021-2030) ($MN) 
13 Global Talc Market Outlook, By Paper & Pulp (2021-2030) ($MN)
14 Global Talc Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
15 Global Talc Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
16 Global Talc Market Outlook, By Plastics Industry (2021-2030) ($MN)
17 Global Talc Market Outlook, By Other Applications (2021-2030) ($MN)
18 North America Talc Market Outlook, By Country (2021-2030) ($MN)
19 North America Talc Market Outlook, By Type (2021-2030) ($MN)
20 North America Talc Market Outlook, By Ultrafine-Powder Talc (2021-2030) ($MN)
21 North America Talc Market Outlook, By Fine-Power Talc (2021-2030) ($MN)
22 North America Talc Market Outlook, By General-Purpose Talc (2021-2030) ($MN)
23 North America Talc Market Outlook, By Burnt Talc (2021-2030) ($MN)
24 North America Talc Market Outlook, By Other Types (2021-2030) ($MN)
25 North America Talc Market Outlook, By Deposit Type (2021-2030) ($MN)
26 North America Talc Market Outlook, By Talc Carbonate (2021-2030) ($MN)
27 North America Talc Market Outlook, By Talc Chlorite (2021-2030) ($MN)
28 North America Talc Market Outlook, By Other Deposit Types (2021-2030) ($MN)
29 North America Talc Market Outlook, By Application (2021-2030) ($MN)
30 North America Talc Market Outlook, By Paper & Pulp (2021-2030) ($MN)
31 North America Talc Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
32 North America Talc Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
33 North America Talc Market Outlook, By Plastics Industry (2021-2030) ($MN)
34 North America Talc Market Outlook, By Other Applications (2021-2030) ($MN)
35 Europe Talc Market Outlook, By Country (2021-2030) ($MN) 
36 Europe Talc Market Outlook, By Type (2021-2030) ($MN) 
37 Europe Talc Market Outlook, By Ultrafine-Powder Talc (2021-2030) ($MN)
38 Europe Talc Market Outlook, By Fine-Power Talc (2021-2030) ($MN)
39 Europe Talc Market Outlook, By General-Purpose Talc (2021-2030) ($MN)
40 Europe Talc Market Outlook, By Burnt Talc (2021-2030) ($MN) 
41 Europe Talc Market Outlook, By Other Types (2021-2030) ($MN)
42 Europe Talc Market Outlook, By Deposit Type (2021-2030) ($MN)
43 Europe Talc Market Outlook, By Talc Carbonate (2021-2030) ($MN)
44 Europe Talc Market Outlook, By Talc Chlorite (2021-2030) ($MN)
45 Europe Talc Market Outlook, By Other Deposit Types (2021-2030) ($MN)
46 Europe Talc Market Outlook, By Application (2021-2030) ($MN)
47 Europe Talc Market Outlook, By Paper & Pulp (2021-2030) ($MN)
48 Europe Talc Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
49 Europe Talc Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
50 Europe Talc Market Outlook, By Plastics Industry (2021-2030) ($MN)
51 Europe Talc Market Outlook, By Other Applications (2021-2030) ($MN)
52 Asia Pacific Talc Market Outlook, By Country (2021-2030) ($MN)
53 Asia Pacific Talc Market Outlook, By Type (2021-2030) ($MN) 
54 Asia Pacific Talc Market Outlook, By Ultrafine-Powder Talc (2021-2030) ($MN)
55 Asia Pacific Talc Market Outlook, By Fine-Power Talc (2021-2030) ($MN)
56 Asia Pacific Talc Market Outlook, By General-Purpose Talc (2021-2030) ($MN)
57 Asia Pacific Talc Market Outlook, By Burnt Talc (2021-2030) ($MN)
58 Asia Pacific Talc Market Outlook, By Other Types (2021-2030) ($MN)
59 Asia Pacific Talc Market Outlook, By Deposit Type (2021-2030) ($MN)
60 Asia Pacific Talc Market Outlook, By Talc Carbonate (2021-2030) ($MN)
61 Asia Pacific Talc Market Outlook, By Talc Chlorite (2021-2030) ($MN)
62 Asia Pacific Talc Market Outlook, By Other Deposit Types (2021-2030) ($MN)
63 Asia Pacific Talc Market Outlook, By Application (2021-2030) ($MN)
64 Asia Pacific Talc Market Outlook, By Paper & Pulp (2021-2030) ($MN)
65 Asia Pacific Talc Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
66 Asia Pacific Talc Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
67 Asia Pacific Talc Market Outlook, By Plastics Industry (2021-2030) ($MN)
68 Asia Pacific Talc Market Outlook, By Other Applications (2021-2030) ($MN)
69 South America Talc Market Outlook, By Country (2021-2030) ($MN)
70 South America Talc Market Outlook, By Type (2021-2030) ($MN)
71 South America Talc Market Outlook, By Ultrafine-Powder Talc (2021-2030) ($MN)
72 South America Talc Market Outlook, By Fine-Power Talc (2021-2030) ($MN)
73 South America Talc Market Outlook, By General-Purpose Talc (2021-2030) ($MN)
74 South America Talc Market Outlook, By Burnt Talc (2021-2030) ($MN)
75 South America Talc Market Outlook, By Other Types (2021-2030) ($MN)
76 South America Talc Market Outlook, By Deposit Type (2021-2030) ($MN)
77 South America Talc Market Outlook, By Talc Carbonate (2021-2030) ($MN)
78 South America Talc Market Outlook, By Talc Chlorite (2021-2030) ($MN)
79 South America Talc Market Outlook, By Other Deposit Types (2021-2030) ($MN)
80 South America Talc Market Outlook, By Application (2021-2030) ($MN)
81 South America Talc Market Outlook, By Paper & Pulp (2021-2030) ($MN)
82 South America Talc Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
83 South America Talc Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
84 South America Talc Market Outlook, By Plastics Industry (2021-2030) ($MN)
85 South America Talc Market Outlook, By Other Applications (2021-2030) ($MN)
86 Middle East & Africa Talc Market Outlook, By Country (2021-2030) ($MN)
87 Middle East & Africa Talc Market Outlook, By Type (2021-2030) ($MN)
88 Middle East & Africa Talc Market Outlook, By Ultrafine-Powder Talc (2021-2030) ($MN)
89 Middle East & Africa Talc Market Outlook, By Fine-Power Talc (2021-2030) ($MN)
90 Middle East & Africa Talc Market Outlook, By General-Purpose Talc (2021-2030) ($MN)
91 Middle East & Africa Talc Market Outlook, By Burnt Talc (2021-2030) ($MN)
92 Middle East & Africa Talc Market Outlook, By Other Types (2021-2030) ($MN)
93 Middle East & Africa Talc Market Outlook, By Deposit Type (2021-2030) ($MN)
94 Middle East & Africa Talc Market Outlook, By Talc Carbonate (2021-2030) ($MN)
95 Middle East & Africa Talc Market Outlook, By Talc Chlorite (2021-2030) ($MN)
96 Middle East & Africa Talc Market Outlook, By Other Deposit Types (2021-2030) ($MN)
97 Middle East & Africa Talc Market Outlook, By Application (2021-2030) ($MN)
98 Middle East & Africa Talc Market Outlook, By Paper & Pulp (2021-2030) ($MN)
99 Middle East & Africa Talc Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
100 Middle East & Africa Talc Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
101 Middle East & Africa Talc Market Outlook, By Plastics Industry (2021-2030) ($MN)
102 Middle East & Africa Talc Market Outlook, By Other Applications (2021-2030) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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