The global Talc Market size was USD 3.14 Billion in 2021 and is expected to register a revenue CAGR of 4.5% during the forecast period. Rising demand for Plastic parts owing to lightweight properties from automotive manufacturers, growing reliance of the building industry on Paints and Coatings, and increasing utilization of talc in the building industry for manufacturing sinks and as a component in making Cement, as well as rapidly rising number of building and reconstruction activities worldwide. Talc is a type of mineral rock made up of hydrated magnesium silicate, which has various applications, most commonly used as a baby powder. Talc is also used in various industries due to its resistance to heat, electricity, and absorption of acids, oil, and grease. In addition, talc has brightness and requires a specific gravity between 2.5 and 2.8 and is largely soluble in weaker mineral acids but insoluble in water. Development of aramid fiber is a result of its growing use in protective and fire-resistant Clothing.
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Top Leading Players in The Global Talc Market Are:
Elementis Plc, Golcha Group, Minerals Technologies Inc., Nippon Talc Co., Ltd., Johns Manville, IMI Fabi SpA, ANAND TALC, Chanda Minerals, Imerys, and AKJMinchem.
Some Key Highlights from the Report:
- The market is divided into two types: lump and powder. In 2021, the powder category generated the most income. Talc powder is used to absorb moisture, prevent caking, improve consistency, and make a product opaque. Purified talc powder is the finest form of hydrated magnesium silicate in powder form. Because of its physio-chemical inertness, regulatory organisations all over the globe consider pure talc safe for human consumption. Other inherent physical and mechanical properties of talc powder make it perfect for use in the pharmaceutical sector to generate tablets, capsules, dermatological powders, and lotions.
- According to regional analysis, the North America market will account for the second highest revenue share in 2021. This is due to increased RD initiatives for the development of dual grades to manufacture Volatile Organic Compound (VOC) coatings and talc coatings to improve gravure paper printability for the pulp and paper and food processing sectors. According to the US Geological Survey, the US has 140,000 metric tonnes of talc reserves in 2020. Furthermore, increased demand for talc for usage in ceramics is propelling revenue development in this area. Talc, for example, has a number of physical and mechanical properties that make it ideal for the production of ceramics, such as high temperature resistance, which reduces fractures and boosts thermal shock resistance.
- Specialty Minerals Inc. (SMI), a part of Minerals Technologies Inc., upped its mineral product pricing by 3 to 10% on January 14, 2021, based on the terms and conditions of each individual client contract. The price increases help SMI sustain momentum in mining, processing, and new product technologies while also helping to offset growing costs.
Segments Covered In The Report:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Lump
- Powder
Application Outlook (Revenue, USD Billion; 2019-2030)
- Industrial Rubber
- Pulp Paper
- Cosmetic Personal Care
- Ceramics
- Paints Coatings
- Pharmaceuticals
- Food Industry
- Plastic Industry
- Others
Deposit Outlook (Revenue, USD Billion; 2019-2030)
- Talc Carbonate
- Talc Chlorite
- Others
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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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