Overview and Scope
Talc refers to the process of mining talc that has several properties such as retaining fragrance, luster, purity, softness, and whiteness.
Sizing and Forecast
The talc market size has grown strongly in recent years. It will grow from $9.57 billion in 2023 to $10.52 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to cosmetics and personal care industry, plastics and polymers manufacturing, paper and pulp industry, ceramics and paints, pharmaceuticals.
The talc market size is expected to see strong growth in the next few years. It will grow to $14.91 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to increasing demand in cosmetics, rising demand in plastics and polymers, growing paper and pulp industry, expanding applications in ceramics and paints, innovations in pharmaceuticals. Major trends in the forecast period include focus on talc in the paper and pulp industry, talc in ceramics and refractories, talc in agriculture for crop protection, shift towards talc alternatives in cosmetics, global regulatory compliance in talc products.
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Segmentation & Regional Insights
The talc market covered in this report is segmented –
1) By Type: Talc Chlorite, Talc Carbonate, and Others Types– Talc
2) By Mining Type: Underground Mining, Surface Mining
Eastern Europe was the largest region in the talc market in 2023. The regions covered in the talc market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth in the talc market is due to increasing sales in rapidly developing countries such as China and India owing to rising disposable income, increasing demand for, and availability of credit. For instance, according to the Bureau of Statistics of China, Disposable Personal Income in China increased to 47412 CNY in 2021. Therefore, the rising disposable income is driving the talc market.
Key Industry Players
Major companies operating in the talc market report are Imery SA, SCR-Sibelco NV, Minerals Technologies Inc., HZM Corp., Nippon Talc Co. Ltd., Elementis plc, R.T. Vanderbilt Holding Company Inc. – gouverneur talc, Petrovietnam Chemical and Services Corporation, 20 Microns Limited, Burgess Pigment Company, Ashapura Minchem Ltd., Golcha Group, Mondo Minerals, Magris Performance Materials, Eurominerals Ltd., ANAND TALC, IMI Fabi SpA, Haichen Minchem Co. Ltd., Jai Group, Shri Vinayak Industries, Sun Minerals Pvt. Ltd., Xilolite SA, AKJ MinChem Pvt. Ltd., Chanda Minerals, LITHOS Industrial Minerals GmbH, Ashirwad Minerals & Marbles, Liaoning Aihai Talc Co. Ltd., Oriental Talc Pvt. Ltd., Shivam Multi Microns LLP, Pingdu talc mining Co. Ltd.
The talc market report table of contents includes:
1. Executive Summary
2. Talc Market Characteristics
3. Talc Market Trends And Strategies
4. Talc Market – Macro Economic Scenario
5. Global Talc Market Size and Growth
…..
32. Global Talc Market Competitive Benchmarking
33. Global Talc Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Talc Market
35. Talc Market Future Outlook and Potential Analysis
36. Appendix
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