PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1438003
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1438003
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
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
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- 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
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- 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
- Table 1 Global Talc Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Talc Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Talc Market Outlook, By Ultrafine-Powder Talc (2021-2030) ($MN)
- Table 4 Global Talc Market Outlook, By Fine-Power Talc (2021-2030) ($MN)
- Table 5 Global Talc Market Outlook, By General-Purpose Talc (2021-2030) ($MN)
- Table 6 Global Talc Market Outlook, By Burnt Talc (2021-2030) ($MN)
- Table 7 Global Talc Market Outlook, By Other Types (2021-2030) ($MN)
- Table 8 Global Talc Market Outlook, By Deposit Type (2021-2030) ($MN)
- Table 9 Global Talc Market Outlook, By Talc Carbonate (2021-2030) ($MN)
- Table 10 Global Talc Market Outlook, By Talc Chlorite (2021-2030) ($MN)
- Table 11 Global Talc Market Outlook, By Other Deposit Types (2021-2030) ($MN)
- Table 12 Global Talc Market Outlook, By Application (2021-2030) ($MN)
- Table 13 Global Talc Market Outlook, By Paper & Pulp (2021-2030) ($MN)
- Table 14 Global Talc Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
- Table 15 Global Talc Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
- Table 16 Global Talc Market Outlook, By Plastics Industry (2021-2030) ($MN)
- Table 17 Global Talc Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 18 North America Talc Market Outlook, By Country (2021-2030) ($MN)
- Table 19 North America Talc Market Outlook, By Type (2021-2030) ($MN)
- Table 20 North America Talc Market Outlook, By Ultrafine-Powder Talc (2021-2030) ($MN)
- Table 21 North America Talc Market Outlook, By Fine-Power Talc (2021-2030) ($MN)
- Table 22 North America Talc Market Outlook, By General-Purpose Talc (2021-2030) ($MN)
- Table 23 North America Talc Market Outlook, By Burnt Talc (2021-2030) ($MN)
- Table 24 North America Talc Market Outlook, By Other Types (2021-2030) ($MN)
- Table 25 North America Talc Market Outlook, By Deposit Type (2021-2030) ($MN)
- Table 26 North America Talc Market Outlook, By Talc Carbonate (2021-2030) ($MN)
- Table 27 North America Talc Market Outlook, By Talc Chlorite (2021-2030) ($MN)
- Table 28 North America Talc Market Outlook, By Other Deposit Types (2021-2030) ($MN)
- Table 29 North America Talc Market Outlook, By Application (2021-2030) ($MN)
- Table 30 North America Talc Market Outlook, By Paper & Pulp (2021-2030) ($MN)
- Table 31 North America Talc Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
- Table 32 North America Talc Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
- Table 33 North America Talc Market Outlook, By Plastics Industry (2021-2030) ($MN)
- Table 34 North America Talc Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 35 Europe Talc Market Outlook, By Country (2021-2030) ($MN)
- Table 36 Europe Talc Market Outlook, By Type (2021-2030) ($MN)
- Table 37 Europe Talc Market Outlook, By Ultrafine-Powder Talc (2021-2030) ($MN)
- Table 38 Europe Talc Market Outlook, By Fine-Power Talc (2021-2030) ($MN)
- Table 39 Europe Talc Market Outlook, By General-Purpose Talc (2021-2030) ($MN)
- Table 40 Europe Talc Market Outlook, By Burnt Talc (2021-2030) ($MN)
- Table 41 Europe Talc Market Outlook, By Other Types (2021-2030) ($MN)
- Table 42 Europe Talc Market Outlook, By Deposit Type (2021-2030) ($MN)
- Table 43 Europe Talc Market Outlook, By Talc Carbonate (2021-2030) ($MN)
- Table 44 Europe Talc Market Outlook, By Talc Chlorite (2021-2030) ($MN)
- Table 45 Europe Talc Market Outlook, By Other Deposit Types (2021-2030) ($MN)
- Table 46 Europe Talc Market Outlook, By Application (2021-2030) ($MN)
- Table 47 Europe Talc Market Outlook, By Paper & Pulp (2021-2030) ($MN)
- Table 48 Europe Talc Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
- Table 49 Europe Talc Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
- Table 50 Europe Talc Market Outlook, By Plastics Industry (2021-2030) ($MN)
- Table 51 Europe Talc Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 52 Asia Pacific Talc Market Outlook, By Country (2021-2030) ($MN)
- Table 53 Asia Pacific Talc Market Outlook, By Type (2021-2030) ($MN)
- Table 54 Asia Pacific Talc Market Outlook, By Ultrafine-Powder Talc (2021-2030) ($MN)
- Table 55 Asia Pacific Talc Market Outlook, By Fine-Power Talc (2021-2030) ($MN)
- Table 56 Asia Pacific Talc Market Outlook, By General-Purpose Talc (2021-2030) ($MN)
- Table 57 Asia Pacific Talc Market Outlook, By Burnt Talc (2021-2030) ($MN)
- Table 58 Asia Pacific Talc Market Outlook, By Other Types (2021-2030) ($MN)
- Table 59 Asia Pacific Talc Market Outlook, By Deposit Type (2021-2030) ($MN)
- Table 60 Asia Pacific Talc Market Outlook, By Talc Carbonate (2021-2030) ($MN)
- Table 61 Asia Pacific Talc Market Outlook, By Talc Chlorite (2021-2030) ($MN)
- Table 62 Asia Pacific Talc Market Outlook, By Other Deposit Types (2021-2030) ($MN)
- Table 63 Asia Pacific Talc Market Outlook, By Application (2021-2030) ($MN)
- Table 64 Asia Pacific Talc Market Outlook, By Paper & Pulp (2021-2030) ($MN)
- Table 65 Asia Pacific Talc Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
- Table 66 Asia Pacific Talc Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
- Table 67 Asia Pacific Talc Market Outlook, By Plastics Industry (2021-2030) ($MN)
- Table 68 Asia Pacific Talc Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 69 South America Talc Market Outlook, By Country (2021-2030) ($MN)
- Table 70 South America Talc Market Outlook, By Type (2021-2030) ($MN)
- Table 71 South America Talc Market Outlook, By Ultrafine-Powder Talc (2021-2030) ($MN)
- Table 72 South America Talc Market Outlook, By Fine-Power Talc (2021-2030) ($MN)
- Table 73 South America Talc Market Outlook, By General-Purpose Talc (2021-2030) ($MN)
- Table 74 South America Talc Market Outlook, By Burnt Talc (2021-2030) ($MN)
- Table 75 South America Talc Market Outlook, By Other Types (2021-2030) ($MN)
- Table 76 South America Talc Market Outlook, By Deposit Type (2021-2030) ($MN)
- Table 77 South America Talc Market Outlook, By Talc Carbonate (2021-2030) ($MN)
- Table 78 South America Talc Market Outlook, By Talc Chlorite (2021-2030) ($MN)
- Table 79 South America Talc Market Outlook, By Other Deposit Types (2021-2030) ($MN)
- Table 80 South America Talc Market Outlook, By Application (2021-2030) ($MN)
- Table 81 South America Talc Market Outlook, By Paper & Pulp (2021-2030) ($MN)
- Table 82 South America Talc Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
- Table 83 South America Talc Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
- Table 84 South America Talc Market Outlook, By Plastics Industry (2021-2030) ($MN)
- Table 85 South America Talc Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 86 Middle East & Africa Talc Market Outlook, By Country (2021-2030) ($MN)
- Table 87 Middle East & Africa Talc Market Outlook, By Type (2021-2030) ($MN)
- Table 88 Middle East & Africa Talc Market Outlook, By Ultrafine-Powder Talc (2021-2030) ($MN)
- Table 89 Middle East & Africa Talc Market Outlook, By Fine-Power Talc (2021-2030) ($MN)
- Table 90 Middle East & Africa Talc Market Outlook, By General-Purpose Talc (2021-2030) ($MN)
- Table 91 Middle East & Africa Talc Market Outlook, By Burnt Talc (2021-2030) ($MN)
- Table 92 Middle East & Africa Talc Market Outlook, By Other Types (2021-2030) ($MN)
- Table 93 Middle East & Africa Talc Market Outlook, By Deposit Type (2021-2030) ($MN)
- Table 94 Middle East & Africa Talc Market Outlook, By Talc Carbonate (2021-2030) ($MN)
- Table 95 Middle East & Africa Talc Market Outlook, By Talc Chlorite (2021-2030) ($MN)
- Table 96 Middle East & Africa Talc Market Outlook, By Other Deposit Types (2021-2030) ($MN)
- Table 97 Middle East & Africa Talc Market Outlook, By Application (2021-2030) ($MN)
- Table 98 Middle East & Africa Talc Market Outlook, By Paper & Pulp (2021-2030) ($MN)
- Table 99 Middle East & Africa Talc Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
- Table 100 Middle East & Africa Talc Market Outlook, By Pharmaceutical Industry (2021-2030) ($MN)
- Table 101 Middle East & Africa Talc Market Outlook, By Plastics Industry (2021-2030) ($MN)
- Table 102 Middle East & Africa Talc Market Outlook, By Other Applications (2021-2030) ($MN)
