The Global Talc Market is expected to reach approx. US$ 1.6 billion by 2022
A recent report published by MarketIntelReports on Global Talc Market Strategic Assessment and Forecast Till 2022 provides a detailed analysis of the present scenario and growth aspect of worldwide talc market. The report provides a detailed market segmentation:
By Deposit Type
- •Magnesium Carbonate, Serpentines, Aluminium Silicates and Others
By End Users
- •Plastics, Ceramics, Paper, Paint, Personal Care, Roofing, Rubber and Cables and Others
- •APAC, EMEA, Latin America and North America
- •Africa, Australia, Canada, China, Europe, India, Japan, Middle East and US
Global Talc Market – Market Size and Dynamics
According to the analysts at MarketIntelReports “The worldwide talc market is estimated to cross US$ 1.6 billion by 2022, growing at a CAGR closed to 4.6%”. Talc is one of the most prominently used mineral fillers due to its relatively easier availability, high performance-to-cost ratio, and the wide usage in various end-user applications. The mineral, which is widely recognized for keeping skin dry and as an extender for various plastic composites, has gained demand in the past few decades. The worldwide demand for talc is estimated to reach approx. 7.33 million ton by 2022, growing at a CAGR of 2.9%. A satisfactory description of the various deposit types and end user segment is provided in the research report. Over the past decade, the consumption of talc in end uses pertaining to plastics and personal care flourished while the same has witnessed a sluggish growth in segments related to ceramics and roofing.
This market research report includes a detailed analysis of the pricing factors. Prices of talc during the forecast period are expected to rise by as much as 10% due to the robust demand from the APAC and MEA markets. While, the price is forecasted to rise over the forecast period, the same is expected to face headwinds over the forthcoming two years because of higher inventory of steatite and subdued prices of its substitutes, particularly calcium carbonate.
Global Talc Market – Trends, Drivers, and Challenges
The market is going to witness a profound inclination as innovative talc formulation in personal care and baby care is increasing widely. Furthermore, non- commoditization of the industry and market consolidation are among the few other emerging trends described in the market research report. The key factors that are driving the consumption in polymer applications are the need for better product performance at reasonable costs and the evolving need for product differentiation. Among the other acceptable growth driving factors are stable infrastructural outlook in developing countries to revive the demand for ceramic tiles.
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Global Talc Market – Geographical Segmentation
The report includes the market analysis of different regions such as North America, APAC, EMEA and Latin America. The report outlines the major market share holder and the market size analysis of all the regions and provides the market size and forecast of the key countries. APAC region expected to be the largest market. China hosts some of the best quality talc deposits and can remain as a favorable sourcing destination. China, the US, and India have some of the largest resources and are among the leading five producers of the material in the world. The EMEA’s talc revenues is expected to reach approx. US$389 million by 2022. US will remain to be a key consumer with an accountable unit of sales.
Global Talc Market – Market Share and Key Vendors
This market research profiles the major companies in the market and provides the competitive landscape and market share of key the players. The report covers the entire market outlook regarding the value chain operating within the market. The major vendors included in the research report Imerys, Mondo Minerals, Minerals Technologies, IMI FABI, American Talc Company. Other vendors Golcha Minerals, Magnesita, Nippon Talc, Liaoning AIHAI Talc, HuaMei Talc Development Co. Ltd., Jai Vardhman Khaniz, BeiHai Group, Guilin Guiguang Talc, Hayashi-Kasei, Haicheng Xinda Mining.
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