Image

Global Talc Market – Industry Trends and Forecast to 2031

Chemical and Materials

Image

Global Talc Market – Industry Trends and Forecast to 2031

  • Chemical and Materials
  • Upcoming Report
  • Jun 2024
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Talc Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 7.76 USD Million
Diagram Market Size (Forecast Year) USD 10.99 USD Million
Diagram CAGR %

Major Markets Players

  • Minerals Technologies Inc. (U.S.)
  • IMI Fabi SpA (Italy)
  • GOLCHA GROUP (India)
  • Nippon Talc Co.Ltd. (Japan)
  • Guangxi Longsheng Huamei Talc Development Co. Ltd. (China)

Global Talc Market, By Deposit Type (Talc Carbonate, Talc Chlorite, and Others), End-Use (Ceramic, Food and Beverage, Paints and Coatings, Personal Care, Plastics and Rubber, Pulp and Paper, and Other End-user Industries) - Industry Trends and Forecast to 2031.

Talc Market

 

Talc Market Analysis and Size

The talc market continues to surge with advancements in mining technologies, enhancing extraction efficiency and sustainability. Increased utilization across cosmetics, plastics, and ceramics underscores its versatile applications. The latest methods optimize particle size and purity, catering to evolving consumer demands for high-performance products. This growth trajectory highlights talc's pivotal role in various industries, poised for further expansion and innovation.

The global talc market size was valued at USD 7.76 million in 2023 and is projected to reach USD 10.99 million by 2031, with a CAGR of 4.45% during the forecast period 2024 to 2031. 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.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Deposit Type (Talc Carbonate, Talc Chlorite, and Others), End-Use (Ceramic, Food and Beverage, Paints and Coatings, Personal Care, Plastics and Rubber, Pulp and Paper, and Other End-user Industries)

Countries Covered

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, South Africa, Egypt, Israel, 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.

Market Players Covered

Minerals Technologies Inc. (U.S.), IMI Fabi SpA (Italy), GOLCHA GROUP (India), Nippon Talc Co.,Ltd. (Japan), Guangxi Longsheng Huamei Talc Development Co., Ltd. (China), Sibelco (Belgium), Xilolite (Brazil), LAIZHOU YUDONG TALCUM POWDER CO., LTD. (China), Qingdao ECHEMI Digital Technology Co., Ltd. (China), Jai Group Udaipur (India), Omargroup (Turkey), SEKYUNG CORPORATION (South Korea), HAYASHI-KASEI (Japan), Magnesita Refratários S.A. (Brazil), and LITHOS Industrial Minerals GmbH (Germany)

Market Opportunities

  • Technological Advancements in Extraction and Processing
  • Shifts in Consumer Preferences

Market Definition

Talc is a mineral composed of hydrated magnesium silicate, known for its softness and greasy feel. It is widely used in cosmetics, personal care products, and pharmaceuticals for its absorbent and anti-friction properties. Talc can also be found in industrial applications such as plastics and ceramics due to its ability to enhance the performance of materials.

Talc Market Dynamics

Drivers

  • Increasing Demand in Personal Care Products

The talc market is experiencing robust growth driven by increasing demand in personal care products. Talc's absorbent and soft properties make it indispensable in cosmetics such as baby powder, facial powders, and body powders. For instance, major cosmetic brands rely on talc to enhance the smoothness and absorbency of their products, meeting consumer expectations for comfort and effectiveness. This steady demand underscores talc's pivotal role in the booming personal care industry, fueling market expansion globally.

  • Expanding Construction Sector

The expanding construction sector globally is a significant driver for the talc market. Talc is crucial in construction materials such as roofing materials, flooring compounds, and coatings due to its properties such as moisture resistance and durability. For instance, talc enhances the performance of waterproof membranes used in roofing, ensuring longevity and weather resistance. As construction activity grows worldwide, the demand for talc-based materials is expected to increase steadily, driving market expansion.

Opportunities

  • Technological Advancements in Extraction and Processing

Technological advancements in talc extraction and processing have revolutionized the industry, enhancing market growth. For instance, the development of advanced sorting technologies has enabled miners to extract high-purity talc more efficiently. Innovations in milling and micronization processes have improved the consistency of talc particles, meeting stringent industry standards. These advancements not only ensure better product quality but also reduce production costs, making talc more competitive in various industrial applications.

  • Shifts in Consumer Preferences

Consumer preferences shifting towards natural and organic ingredients in cosmetics and personal care products significantly impact the talc market. For instance, the demand for talc-free and mineral-based makeup products has surged, driven by concerns over potential health risks associated with talc. Brands are responding by reformulating products to meet these preferences, leading to increased demand for alternative ingredients and shaping the growth trajectory of the talc market in this segment.

 Restraints/Challenges

  • Litigation Issues with Talc

Legal challenges and lawsuits concerning talc's potential health risks, such as ovarian cancer, have imposed substantial financial burdens on manufacturers. These ongoing issues have adversely affected their operations and tarnished market perception, contributing to uncertainties and constraints in the talc industry.

  • Volatility in Supply and Prices

Volatility in talc supply and prices, driven by geopolitical tensions, stringent mining regulations, and transportation issues, creates instability in the market. These factors contribute to frequent price fluctuations and supply shortages, posing significant challenges for industry stakeholders and hindering market growth and stability.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In December 2022, Exxon Mobil Corporation commenced operations at a new polypropylene manufacturing facility in Baton Rouge, Louisiana, capable of producing 450,000 metric tons annually. This expansion aims to meet increasing demand for polypropylene in various industries
  • In September 2022, Imerys entered exclusive negotiations with Syntagma Capital to divest assets producing kaolin, calcium carbonate, and talc, primarily serving paper markets, for EUR 390 million, with additional earn-out based on future performance
  • In April 2022, Imerys and Safic-Alcan expanded their distribution partnership to include the Turkish market, covering minerals such as kaolin, talc, carbonates, PCC, mica, diatomite, perlite, and wollastonite, as well as rubber and plastics markets

Talc Market Scope

The market is segmented on the basis of type and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Deposit Type

  • Talc Carbonate
  • Talc Chlorite
  • Others

 End-Use

  • Ceramic
  • Food and Beverage
  • Paints and Coatings
  • Personal Care
  • Plastics and Rubber
  • Pulp and Paper
  • Other End-user Industries

Talc Market Regional Analysis/Insights

The market is analysed and market size insights and trends are provided by type and end-use as referenced above.

The countries covered in the 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, South Africa, Egypt, Israel, 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.

Europe is expected to show significant growth in the talc market, driven by rising industrialization and increased disposable income among the middle-class population in emerging economies within the region. These factors bolster demand across various industrial applications, including plastics, paints, and ceramics.

Asia-Pacific is expected to dominate the talc market, fueled by increasing consumption in fast-growing end-use sectors such as plastics, ceramics, and coatings. The region's robust manufacturing and infrastructural expansion further bolster demand, driving market growth significantly.

The country section of the 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 down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 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 market.

Some of the major players operating in the market are:

  • Minerals Technologies Inc. (U.S.)
  • IMI Fabi SpA (Italy)
  •  GOLCHA GROUP (India)
  •  Nippon Talc Co.,Ltd. (Japan)
  • Guangxi Longsheng Huamei Talc Development Co., Ltd. (China)
  • Sibelco (Belgium)
  • Xilolite (Brazil)
  • LAIZHOU YUDONG TALCUM POWDER CO., LTD. (China)
  • Qingdao ECHEMI Digital Technology Co., Ltd. (China)
  •  Jai Group Udaipur (India)
  • Omargroup (Turkey)
  • SEKYUNG CORPORATION (South Korea)
  • HAYASHI-KASEI (Japan)
  • Magnesita Refratários S.A. (Brazil)
  • LITHOS Industrial Minerals GmbH (Germany)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The Talc Market size will be worth USD 10.99 million by 2031.
The Talc Market growth rate will be 4.45% by 2031.
The Expanding Construction Sector and Increasing Demand for Personal Care Products are the growth drivers of the Talc Market.
The type and end-use are the factors on which the Talc Market research is based.
The major companies in the Talc Market are Minerals Technologies Inc. (U.S.), IMI Fabi SpA (Italy), GOLCHA GROUP (India), Nippon Talc Co.,Ltd. (Japan), Guangxi Longsheng Huamei Talc Development Co., Ltd. (China), Sibelco (Belgium), Xilolite (Brazil), LAIZHOU YUDONG TALCUM POWDER CO., LTD. (China), Qingdao ECHEMI Digital Technology Co., Ltd. (China), Jai Group Udaipur (India), Omargroup (Turkey), SEKYUNG CORPORATION (South Korea), HAYASHI-KASEI (Japan), Magnesita Refratários S.A. (Brazil), and LITHOS Industrial Minerals GmbH (Germany).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials