The demand for talc in consumer products such as talcum powder, cosmetics, and pharmaceuticals is intricately tied to consumer preferences and trends. Talc's softness, smoothness, and absorbent properties make it a popular choice in cosmetics and talcum powder. Its use as a filler in pharmaceuticals contributes to the smooth texture of tablets. As consumers increasingly prioritize natural and safe ingredients, the talc market may be influenced by a growing demand for talc sourced responsibly. The cosmetic industry's shift towards cruelty-free and eco-friendly products may further affect talc sourcing and production processes.
Access Full Report @ https://www.databridgemarketresearch.com/reports/thailand-talc-market
Data Bridge Market Research analyses the Thailand Talc Market is growing with a CAGR of 1.7% in the forecast period of 2022 to 2029. The increasing demand for talc in Thailand is driven by its versatile applications in industries such as plastics, ceramics, paper and pulp, and cosmetics. As these industries experience growth and development, the demand for talc as a key raw material rises, contributing to the expansion of the Thailand talc market.
Key Findings of the Study
Growing demand of talc by automotive industry is expected to drive the market's growth rate
The demand for talc in Thailand is significantly influenced by the automotive industry, where talc finds extensive use in manufacturing components such as plastics and rubber. As the automotive sector in Thailand experiences growth or undergoes changes, the demand for talc is directly impacted. With Thailand being a hub for automotive manufacturing and assembly, any expansion, innovation, or increased production in the automotive industry is likely to drive up the demand for talc. The versatility of talc in enhancing the physical and mechanical properties of automotive materials positions it as a crucial ingredient, making its market dynamics closely tied to the evolving trends and demands within the Thai automotive sector.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Year
|
2020 (Customizable to 2014-2019)
|
|
Segments Covered
|
Deposit Type (Talc Carbonate, Talc Chlorite, Others), End-Use (Pulp and Paper, Plastic Industry, Ceramics, Paints and Coatings, Cosmetics and Personal Care, Pharmaceuticals, Food Industry, Rubber Industry, Others)
|
|
Market Players Covered
|
Imerys (France), Minerals Technologies Inc. (U.S.), PT. TALC INDONESIA (Indonesia), Nippon Talc Co., Ltd. (Japan), Kaolin (Malaysia) Sdn Bhd. (Malaysia), NISSEI CORPORATION (Japan), Sibelco (Belgium)
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
|
Segment Analysis:
The Thailand talc market is segmented on the basis of deposit type and end-use.
- On the basis of deposit type, the Thailand talc market is segmented into talc carbonate, talc chlorite, and others
- On the basis of end-use, the Thailand talc market is segmented into pulp and paper, plastic industry, ceramics, paints and coatings, cosmetics and personal care, pharmaceuticals, food industry, rubber industry, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major Thailand talc market players in Thailand talc market are Imerys (France), Minerals Technologies Inc. (U.S.), PT. TALC INDONESIA (Indonesia), Nippon Talc Co., Ltd. (Japan), Kaolin (Malaysia) Sdn Bhd. (Malaysia), NISSEI CORPORATION (Japan)
Market Developments
- In 2022, Nippon Talc Co., Ltd. successfully completed the acquisition of FAITH MINERALS (PVT.) LTD., a Pakistan-based company with which it had previously established a joint venture in 2015. This strategic move resulted in FAITH MINERALS becoming a wholly-owned subsidiary of Nippon Talc Co., Ltd., marking a significant development in the company's expansion and control over its operations
- In 2022, Imerys and Safic-Alcan strengthened their distribution collaboration by extending it to encompass the Turkish market. This agreement broadened the scope of distribution, now covering all mineral fillers such as Kaolin, Talc, Carbonates, PCC, Mica, Diatomite, Perlite, and Wollastonite. Additionally, the partnership extended its reach to include the rubber and plastics markets, further solidifying the collaboration between the two companies
- In 2022, Imerys, a major player in mineral-based solutions, engaged in exclusive negotiations with Syntagma Capital for the sale of a majority of its assets. These assets, responsible for producing kaolin, grinding calcium carbonate ("GCC"), precipitated calcium carbonate ("PCC"), and talc, primarily served the paper markets. The proposed enterprise value for this transaction amounted to EUR 390 million, inclusive of an earn-out structure contingent on future business performance
- In 2021, Minerals Technologies made a significant announcement regarding its Talc products produced at Barretts, MT, and Bay City, TX. The company revealed plans to implement a price increase ranging between 5-10%, depending on the specific product line. This decision reflected the company's strategic approach to navigate market dynamics and maintain competitiveness
- In 2020, Magris Resources Canada Inc. successfully acquiring Imerys Talc America Inc., Imerys Talc Vermont Inc., and Imerys Talc Canada Inc. in a deal valued at USD 223 million. This acquisition was facilitated through a definitive stalking-horse agreement, leading to the incorporation of substantially all assets related to Imerys' North American Talc Business. Imerys' North American operations comprised three enduring mines and six processing facilities located across the United States and Canada. This strategic move underscored Magris Resources Canada Inc.'s commitment to strengthening its position in the talc market
For more detailed information about the Thailand talc market report, click here – https://www.databridgemarketresearch.com/reports/thailand-talc-market
