Talc Market By Deposit Type (Talc Carbonate, Talc Chlorite), End-use Industry (Plastics, Pulp & Paper, Ceramics, Paints & Coatings, Cosmetics & Personal Care, Pharmaceuticals, Food) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Talc Market held USD 2.86  billion in 2020 and is to grow with a CAGR of 4.2% from 2020-2030. Talc is a type of clay-mineral material made up of hydrated silicate magnesium. This is in powder form and it is contained in the corn starch mixture. Talc has vast use all over the globe as the baby powder will be a dominating global talc market trend. The drug finds lucrative uses in ceramics, cosmetic products, and materials for paints & roofing.

Market Dynamics and Factors:

Industrial and marine coatings high demand is likely to fuel growth for talc, as it is used in industrial coatings that provide benefits such as protection against corrosion, reduction of solvents and strong adhesion, which will be the global talc market trend over the forecast period. Thermoplastics are expected to play an increasingly important role in driving future aircraft design, as they provide several advantages compared to their thermoset counterparts including low  manufacturing times and less overall costs. Talc is used in polypropylene and electronics thermoplastics as reinforcing filler for domestic products, electrical & electronic devices, automotive parts, and food packaging, which will be responsible for the overall growth of global talc market size.

Market Segmentation:

Depending upon the type the global talc market is segmented into talc carbonate, talc chlorite. On the basis of technology, the market is segmented into water-borne, solvent-borne, and Powder Coatings. On the basis of end-user, the talc market is segmented into pulp & paper, ceramics, plastics,  cosmetics, paints & coatings, personal care, food and pharmaceuticals. Geographic analysis of global talc market includes regions comprising North America, Asia-Pacific, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

North America has dominated the global talc market share with the large demand and use of this coatings for aircraft. The region is a hub for advanced technology and the growing expenditure of government on defense which is further fuelling the global talc market size. Asia Pacific is also growing at a fast pace and expected to dominate global talc industry in the future. Due to the growing demand for aircraft and rise in disposable income, global talc market size is expected to continue the growth in the upcoming years. With growing demand from countries such as China, India, and Japan, the Asia-Pacific region dominated the global talc market share. India is among the few countries with reserves of white talc. Much of Rajasthan's commercial talc supply comes from country's two leading talk producers (Golcha Group and Golcha Assoaciated) are based in Jaipur, Rajasthan. Japan's plastics market is stable and balanced in terms of the supply to demand ratio. The country's plastics exports are often greater than the amount imported. The trade is mainly with Asian countries, especially. In addition, all of these factors are expected to boost the region's contribution in global talc market share over the forecast period.

Competitive Scenario:

The major players of global talc industry are,  Golcha Minerals, BeiHai Group, Pingdu  Mine Industrial, Haicheng Xinda Mining, Mondo Minerals, Magnesita, HuaMei Development, Specialty Minerals, HeHayashi-Kasei, Imerys, IMI FABI, Liaoning AIHAI, Longsheng Huamei, Minerals Technologies, Haicheng Tianhe Chemistry Industry, American Talc Company,  Guilin Guiguang , Nippon, Xilolite, Hayashi-Kasei, Liaoning AIHAI, Guangxi Longguang,  and Liaoning Qian

Talc Market Report Scope