The scope of our recent study on the “Talc Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Deposit Type, and End-Use Industry” includes the factors fueling the market growth, revenue estimation and forecast, market share analysis, and the identification of significant market players and their key developments.
The talc market size is expected to grow from US$ 1,987.43 million in 2022 to US$ 2,932.29 million by 2030; it is estimated to record a CAGR of 5.0% from 2022 to 2030. Talc is a hydrated magnesium silicate. Talc deposits are formed from the transformation of high magnesium rocks by siliceous hydrothermal fluids. Most of the talc originates from the alteration of dolomite or ultramafic intrusive rocks. It is always found in combination with other minerals, generally with carbonates and chlorite. Each talc deposit has a unique morphology and mineralogy, but all types of talc exhibit the following unique properties such as softness, water repellency, chemical inertness, platyness, and an affinity for organic substances.
Based on deposit type, the talc market is segmented into talc chlorite and talc carbonate. The talc carbonate segment held a larger market share in 2022. Talc-carbonate ore bodies mainly contain talc carbonate and chlorite traces. These deposits are often found in metamorphic rocks and can be considered a subtype of metamorphic deposits. In talc carbonate deposits, the formation of talc is often linked to the alternation of pre-existing rocks rich in magnesium-rich minerals. Talc replaces these minerals under the influence of metamorphic conditions, leading to the development of talc-rich rocks. Talc-carbonate ores are processed to remove associated minerals and produce pure talc concentrate. Based on end-use industry, the talc market is segmented into plastics, pulp & paper, ceramics, paints & coatings, rubber, pharmaceuticals, food, and others. The pulp & paper segment accounted for a considerable portion of the global talc market share in 2022. In the pulp & paper industry, talc is used as a paper filler because it has a minimal negative effect on sheet strength and improves ink receptivity by a large margin. It also enhances opacity and brightness and reduces gloss. Talc can be used in paper recycling and the new production of paper, pulp, and cardboard as filler. Talc use improves the properties of the finished products and reduces production costs.
The global talc market is segmented into five main regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Asia Pacific held the largest revenue share of the global talc market in 2022. Major factor driving the talc market in Asia Pacific is the growing focus on AI based equipment and tools.
Impact of COVID-19 Pandemic on Talc Market
The COVID-19 pandemic adversely affected several economies and industries in various countries due to lockdowns, travel restrictions, and business shutdowns. The chemicals industry was severely affected by disruptions in supply chains and shutdowns of production plants in the initial phases of the pandemic. The crisis caused disruptions in the global supply chain due to factory shutdowns, transportation restrictions, and labor shortages. These upheavals hindered the availability of chemicals and packaging components, leading to potential supply chain delays and increased operating costs for talc manufacturers. The COVID-19 pandemic led to an increased demand for certain products, such as pharmaceuticals, healthcare supplies, and essential consumer goods.
The report includes the segmentation of the global talc market as follows:
The global talc market is divided on the basis of type and end-use industry. Based on deposit type, the talc market is segmented into talc chlorite and talc carbonate. Based on end-use industry, the talc market is segmented into plastics, pulp & paper, ceramics, paints & coatings, rubber, pharmaceuticals, food, and others. By geography, the global talc market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America talc market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific talc market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa market is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America talc market is further segmented into Brazil, Argentina, and the Rest of South & Central America.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com