Global Talc Market, By Deposit Type (Talc Carbonate, Talc Chlorite, Others), End-Use (Pulp & Paper, Plastic Industry, Ceramics, Paints & Coatings, Cosmetics & Personal Care, Pharmaceuticals, Food, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Talc Market
Talc market will grow at a rate of 4.45% for the forecast period of 2021 to 2028. Rising demand for talc from the automotive industry is a vital factor driving the growth of talc market.
Talc is a type of mineral rock that is made up of hydrated magnesium silicate. It has a wide variety of applications with the most common of them as baby powder. Due to its resistance to heat, electricity and resistance to absorption of acids, oil and grease, it is very widely demanded from a number of industries. Its characteristics are softness of the mineral, capability of retaining the fragrances, purity and white color.
Increasing industrialization and increased disposable income of the middle-class population of emerging economies is the vital factor escalating the market growth, also rising demand for talc from the Asia-Pacific region in the automotive industry, rising beneficial features such as corrosive resistance and resistant against abrasiveness, which in turn increases the demand for the product, rising population in the emerging economies and increasing disposable income of middle-income group population in the emerging economies has transformed into lucrative demand for consumer items like ceramics, pharmaceuticals, and ceramics and rising automotive refinish market and flourishing OEM components market for the automotive industry are the major factors among others driving the talc market. Moreover, rising research and development activities for the development of new grades of talc and rising demand for the product from various end-user industries will further create new opportunities for the talc market in the forecast period of 2021-2028.
However, rising slow growth of the pulp and paper industry due to digitization, rising guidelines regulating the production and use of talc and rising easy availability of substitutes are the major factors among others acting as restraints, while rising lawsuits filed against the production and use of talc will further challenge the growth of talc market in the forecast period mentioned above.
This talc market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on talc market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Talc Market Scope and Market Size
Talc market is segmented on the basis of deposit type and end-use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on deposit type, the talc market is segmented into talc carbonate, talc chlorite and others. Talc carbonates is the leading segment and is expected to hold the majority share in the forecast period mentioned above due to its higher purity rates compared to any other deposit types
- The talc market is also segmented on the basis of end-use into pulp & paper, plastic industry, ceramics, paints & coatings, cosmetics & personal care, pharmaceuticals, food and others.
Talc Market Country Level Analysis
Talc market is analysed and market size, volume information is provided by country, deposit type and end-use as referenced above.
The countries covered in the talc market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the talc market due to rising consumption in fast growing end-use industries including plastics, ceramics and costing and growing manufacturing and infrastructural expansion in this region. Europe is the expected regions in terms of growth in talc market due to rising industrialization and increased disposable income of the middle-class population of emerging economies in this region.
The country section of the market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Talc Market Share Analysis
The talc market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to talc market.
The major players covered in the talc market report are Minerals Technologies Inc, Mondo Minerals B.V., IMI FABI S.p.A., Golcha Group, Nippon Talc Co.Ltd., AIHAITALC.COM, Cnps Guangxi Guilin Longsheng Huamei Talc Development CO.Ltd., Sibelco, Xilolite, LAIZHOU YUDONG TALCUM POWDER CO. LTD., Haichen Minchem Co. Ltd., Jai Vardhman Khaniz Pvt. Ltd., Omargroup, SEKYUNG CORPORATION, HAYASHI-KASEI, Magnesita Refratários S.A., and LITHOS Industrial Minerals GmbH. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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