Dublin, May 24, 2023 (GLOBE NEWSWIRE) -- The "Talc Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deposit Type and End-Use Industry" report has been added to ResearchAndMarkets.com's offering.
The talc market size is expected to grow from US$ 1,987.43 million in 2022 to US$ 2,628.30 million by 2028; it is estimated to register a CAGR of 4.8% from 2022 to 2028.
Talc is a core additive for all types of ceramics as it helps improve the vitrification process. It also assists in reducing firing temperatures and shortening firing cycles.
Since talc has a high-temperature resistance, it improves the thermal shock resistance of ceramics and reduces fractures. In Europe, the ceramic sector is one of the strongest industrial sectors. Italy, Germany, Spain, France, the UK, Portugal, and Austria are among the major countries in Europe with a strong ceramics manufacturing sector.
The countries export their products to different countries across the world. The Tile Council of North America (TCNA) released its 2021 US Ceramic Tile Market Report. As per the report, the total ceramic tile usage in the US was 3.11 billion square feet in 2021, a rise of 9.9% from the previous year.
Further, the technical ceramics market in China is showing rapid growth due to the expanding electronics market in the country. Thus, the growing ceramics industry is expected to boost talc usage, which would offer lucrative opportunities for the talc market during the forecast period.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 178 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $1987.43 million |
| Forecasted Market Value (USD) by 2028 | $2628.3 million |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Growing Use of Talc in Paper & Pulp Industry
- Increasing Demand from Various End-Use Industries
Restraints
- Health Concerns Related to Usage of Talc
Opportunities
- Growth of Ceramics Industry
Future Trends
- Growing Demand for Plastics in Automotive Industry
Companies Mentioned
- Elementis Plc
- Golcha Minerals Pvt Ltd
- Imerys SA
- IMI Fabi SpA
- Liaoning Aihai Talc Co Ltd
- Minerals Technologies Inc
- Nippon Talc Co Ltd
- SCR-Sibelco NV
- Sun Minerals Pvt Ltd
- Xilolite SA
For more information about this report visit https://www.researchandmarkets.com/r/hf65i3
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