Dublin, Oct. 05, 2023 (GLOBE NEWSWIRE) -- The "Talc Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global talc market achieved a substantial size, reaching US$ 2.7 Billion in 2022. Projections indicate a continued upward trajectory, with the market expected to soar to US$ 3.5 Billion by 2028. This growth represents a steady Compound Annual Growth Rate (CAGR) of 4.6% during the period from 2023 to 2028.
Talc, a mineral composed of hydrated magnesium silicate, serves as a versatile industrial raw material in powder form. Recognized for its softness, talc is widely utilized in the creation of both ornamental and practical objects. It finds application in designing sculptures, bowls, countertops, sinks, hearths, and pipe bowls.
Talc enhances the stiffness and heat resistance of various polymers, including polypropylene, vinyl, polyethylene, nylon, and polyester. Moreover, it aids in improving the suspension of solids in liquid paint, preventing sagging on walls. Consequently, talc plays a crucial role in industries such as pulp and paper, paints and coatings, plastics and rubber, food and beverage (F&B), personal care, and pharmaceuticals.
Market Trends:
Currently, there is a growing demand for industrial and marine coatings, offering benefits like corrosion protection, solvent reduction, and excellent adhesion. This, coupled with the increasing utilization of thermoplastics in the aerospace industry due to reduced production time and overall costs, stands as a key driver of market growth. Furthermore, talc is increasingly used to enhance hardness, tensile strength, toughness, impact absorption, stability, and electrical insulation in plastics.
This trend, along with talc's role in rubber manufacturing to provide bounce properties, is fueling market expansion. The automotive industry is also contributing to talc demand, where it modifies various polymeric matrixes used in automobile production. Additionally, substantial investments in research and development (R&D) by key market players to develop new talc grades and meet customer requirements are positively impacting the market.
Key Market Segmentation:
The report provides an in-depth analysis of key trends within each sub-segment of the global talc market, offering forecasts at the global, regional, and country levels from 2023 to 2028. The market is segmented based on deposit type, form, and end-use industry.
Deposit Type Insights:
- Talc Carbonate
- Talc Chlorite
- Others
Form Insights:
- Powdered Talc
- Talc Lumps or Granules
End Use Industry Insights:
- Pulp and Paper
- Plastic Industry
- Ceramics
- Paints and Coatings
- Cosmetics and Personal Care
- Pharmaceuticals
- Food
- Others
The report offers a detailed breakdown and analysis of the talc market by deposit type, form, and end-use industry, with powdered talc representing a significant share.
The report also includes a comprehensive analysis of major regional markets, including North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, the Asia-Pacific region is the largest market for talc, driven by the increasing demand across various industries and technological advancements.
Competitive Landscape:
The report provides a thorough analysis of the competitive landscape in the global talc market. It covers market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant.
The report also includes detailed profiles of major companies in the industry, such as AKJ Minchem Private Limited, Anand Talc, Elementis plc, Golcha Group, Guangxi Longsheng Huamei Talc Development Co. Ltd., Imerys S.A., IMI FABI S.p.A., Minerals Technologies Inc., Mughne Group of Companies, Nippon Talc Co. Ltd., Sibelco, Sun Minerals, and Xilolite S.A., among others. Please note that this represents only a partial list of companies, and the complete list is available in the report.
Key Questions Answered:
- How has the global talc market performed thus far, and what is its growth outlook for the coming years?
- What are the key drivers, restraints, and opportunities in the global talc market?
- What impact have drivers, restraints, and opportunities had on the global talc market?
- Which countries represent the most attractive talc markets?
- What are the key segments of the market, based on deposit type, form, and end-use industry?
- What is the competitive structure of the global talc market?
- Who are the major players and companies in the global talc market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 143 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $2.7 Billion |
| Forecasted Market Value (USD) by 2028 | $3.5 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/xqg4zp
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
