How Has the Talc Market Size Evolved in Recent Years?
The talc market has seen considerable growth due to a variety of factors.
• In recent times, there has been a swift expansion in the size of the talc market. It is predicted to inflate from $10.44 billion in 2024 to about $11.63 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 11.4%.
This significant rise during the historic period can be linked to several industries including cosmetics and personal care, plastics and polymers production, paper and pulp, ceramics and paints, along with pharmaceuticals.
What Is The Expected Growth In The Talc Market Size?
The talc market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the talc market is projected to experience robust growth, soaring to a value of $16.13 billion by 2029 with a compound annual growth rate (CAGR) of 8.5%.
This anticipated growth during the forecast period is largely due to factors such as increasing cosmetic demand, heightened need for plastics and polymers, the booming paper and pulp sector, growing usage in ceramics and paints, and pharmaceutical innovations. The forecast period will witness significant market trends such as the emphasis on talc in the paper and pulp sector, utilization of talc in ceramics and refractories, application of talc in agriculture for crop safety, the shift towards substitutes for talc in cosmetics, and global regulatory adherence for talc goods.
What Are The Primary Growth Drivers In The Talc Market?
The talc market is anticipated to grow due to the increasing demand within the paints and coatings industry. This growing demand is fuelled by the desire for high-performance products in both residential and commercial realms, which offer superior durability, resilience to weather and visual allure. The role of talc in boosting the quality of paint via the enhancement of durability, moisture resistance, and smoothness stimulates its demand, especially in the sectors of construction and automobiles where top-tier coatings are indispensable. For example, as stated by the World Paint and Coatings Industry Association, a non-profit organization based in Belgium, the worldwide paints and coatings market touched a value of $185.5 billion in 2023, reflecting a 3.2% rise compared to 2022. Hence, the escalating demand within the paints and coatings industry is likely to act as a catalyst for the growth of the talc market going ahead.
What Are The Primary Segments In The Global Talc Market?
The talc market covered in this report is segmented –
1) By Type: Talc Chlorite, Talc Carbonate, And Others Types– Talc
2) By Mining Type: Underground Mining, Surface Mining
Subsegments:
1) By Talc Chlorite: Industrial Talc Chlorite, Cosmetic Talc Chlorite
2) By Talc Carbonate: Industrial Talc Carbonate, Cosmetic Talc Carbonate
3) By Others Types– Talc: Steatite, Soapstone, Other Specialized Talcs
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Which Key Trends Are Driving Changes In The Talc Market Size?
Leading businesses in the talc marketplace are prioritizing the investment in specialized production sites, like talc processing plants, to augment productivity and improve business results. These talc processing plants are facilities where the extraction, milling, and refinement of talc occur to produce diverse grades and types for industries such as cosmetics, plastics, paints, and pharmaceutical sectors. As an example, in November 2023, France's Imerys S.A., a firm known for its expertise in industrial minerals production and processing, unveiled its new talc processing facility in Wuhu, China. This plant is geared towards the manufacturing of premium specialty talcs for the car polymer market, signifying Imerys's most substantial investment venture in that region lately. It fabricates a host of engineered talcs, such as HAR, Jetfine, and Steamic, deliberately developed to improve the mechanical performance of plastic components reinforced with talc. These parts are often used as substitutes for metal components in contemporary vehicles. Also, it produces the ImerFlex series for downgauging tire inner liners.
Who Are the Key Players in the Talc Market?
Major companies operating in the talc market include:
• Imery SA
• SCR-Sibelco NV
• Minerals Technologies Inc.
• HZM Corp.
• Nippon Talc Co. Ltd.
• Elementis plc
• R.T. Vanderbilt Holding Company Inc. - gouverneur talc
• Petrovietnam Chemical and Services Corporation
• 20 Microns Limited
• Burgess Pigment Company
• Ashapura Minchem Ltd.
• Golcha Group
• Mondo Minerals
• Magris Performance Materials
• Eurominerals Ltd.
• ANAND TALC
• IMI Fabi SpA
• Haichen Minchem Co. Ltd.
• Jai Group
• Shri Vinayak Industries
• Sun Minerals Pvt. Ltd.
• Xilolite SA
• AKJ MinChem Pvt. Ltd.
• Chanda Minerals
• LITHOS Industrial Minerals GmbH
• Ashirwad Minerals & Marbles
• Liaoning Aihai Talc Co. Ltd.
• Oriental Talc Pvt. Ltd.
• Shivam Multi Microns LLP
• Pingdu talc mining Co. Ltd.
What Is The Most Dominant Region In The Talc Market?
Eastern Europe was the largest region in the talc market in 2024. The regions covered in the talc market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
