Talc Market to Reach USD 2.35 Billion by 2034, Fueled by Demand in Cosmetics, Automotive, and Ceramics

Talc as Coating and Anti-Clogging Agent: Spurring Market’s Growth, States FactMR.

As per details revealed by Fact.MR, a market research and competitive intelligence provider, estimates the global talc market will be at US$ 1.7 billion in 2024 and is expected to expand at a CAGR of 3.3% during the forecast years of 2024-2034.

Talc is obtained from talc carbonate ore, which is commonly found in metamorphic ultramafic rocks. This talc carbonate ore is processed to remove related minerals to manufacture pure talc concentrates. Talc is employed as a reliable coating agent in offset printing paper and gravure, where it enhances the runnability of offset paper and the quality of the finished paper. Additionally, it is used to improve the productivity and quality of some specialty papers, such as labels and colored paper.

Talc is also used in polyethylene as an anti-clogging agent and helps recycled plastics regain their mechanical properties. Additionally, biopolymers and semi-crystalline polymers both use talc as nucleating agents.

Among the regions, Asia Pacific is anticipated to rule the global market on the basis of revenue growth. Expansion of the Asia Pacific market is attributed to surging industrialization, proliferating automotive sector, and rising demand for talc from the cosmetics and personal care sector, besides ceramics, paints & coatings, and pharmaceuticals.

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Key Takeaways from Market Study

• The global talc market is valued at US$ 1.7 billion in 2024.
• During 2017-2021, worldwide sales of talc increased at 2% CAGR.
• Global valuation for talc is anticipated to reach US$ 2.35 billion by 2034-end.
• East Asia tops the global talc market accounting for a major market share.
• The ceramics end-use industry accounts for highest the share of talc sales.
• North America has a market share of 12.2% in 2022 and is estimated to reach US$ 201.2 million by 2032.

“Demand for nucleating agents across industries to ensure long-term revenue stability for market players,” says a Fact.MR analyst.

Leading Players Driving Innovation in the Talc Market

Imerys S.A; Mondo Minerals B.V.; Guangxi Guilin Longsheng Huamei Talc Development Co.Ltd.; Sibelco; Minerals Technologies Inc.; Nippon Talc Co. Ltd.; RT Vanderbilt Holding Company Inc.; Jai Vardhman Khaniz Pvt. Ltd.; Lianoing Aihai Talc Co. Ltd.; Xilolite S.A; Laizhou Yudong Talcum Powder Co., Ltd.; Golcha Minerals Pvt. Ltd; IMI Fabi LLC; Magnesita Refratários S.A.; LITHOS Industrial Minerals GmbH.

Strategies Driving Market Growth

Market players majorly focus on organic growth strategies to expand their business in growing markets. As a part of these strategies, companies exited the disadvantaged business to simplify the supply chain and reallocated capital to a high-margin growth business.

Further, the acquisition of a production facility in a growing market like China and India will provide a strong platform for optimization of the supply chain and ease the availability of raw materials and labor. Such measures are termed to be key strategies adopted by major players such as Nippon Talc Co. Ltd., Golcha Minerals Pvt. Ltd, Mondo Minerals, and others.

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Talc Industry News:

• Helena introduced a New Quickshot™ Crop nutrition product in March 2024 to assist in the maximum yield.
• During a period of controversies surrounding asbestos Johnson & Johnson (J&J) introduced a new baby care brand in 2022.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global talc market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of form (powdered talc, talc lumps or granules), end-use industry (agriculture, ceramics, pharmaceuticals, paints & coatings, cosmetics, pulp & paper, food, other end uses), and deposit type (talc chlorite, talc carbonate, other talc deposit types), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

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