According to the latest report by IMARC Group, titled “Talc Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global talc market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global talc market size reached US$ 2.54 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.37 Billion by 2027 exhibiting a CAGR of 4.70% during 2022-2027.
Talc refers to a mineral composed of hydrated magnesium silicate mostly used as an industrial raw material in powdered form. In terms of the deposit type, it can be categorized into talc carbonate and talc chlorite. These talc variants are mostly utilized as thickening agents and lubricants and help to increase the heat resistance and stiffness of polymers.
They further aid in designing bowls, sculptures, countertops, sinks, etc. As a result, talc powders, lumps, and granules find extensive applications across numerous sectors, such as paper and pulp, paints, plastics, food and beverage (F&B), rubber, pharmaceuticals, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Talc Market Trends and Drivers:
The growing demand for industrial and marine coatings to ensure good adhesion, corrosion protection, solvent reduction, etc., is primarily driving the talc market. Besides this, the elevating need for thermoplastics in the aerospace industry, owing to lower costs and overall production time, is also positively influencing the market growth.
Additionally, the escalating product employment in the manufacturing of rubber to provide it a bounce property and in the automobile industry to design light-weight vehicle parts is acting as another significant growth-inducing factor. In line with this, the expanding automotive refinish and OEM components segments are expected to propel the talc market over the forecasted period.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Deposit Type:
- Talc Carbonate
- Talc Chlorite
- Others
Breakup by Form:
- Powdered Talc
- Talc Lumps or Granules
Breakup by End Use Industry:
- Pulp and Paper
- Plastic Industry
- Ceramics
- Paints and Coatings
- Cosmetics and Personal Care
- Pharmaceuticals
- Food
- Others
By Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
List of Major Key Players:
The major players in the market are AKJ Minchem Private Limited, Anand Talc, Elementis plc, Golcha Group, Guangxi Longsheng Huamei Talc Development Co. Ltd., Imerys S.A. , IMI FABI S.p.A., Minerals Technologies Inc., Mughne Group of Companies, Nippon Talc Co. Ltd., Sibelco, Sun Minerals and Xilolite S.A..
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