Talc Mining Market Characteristics
The talc mining market consists of sales of talc by entities (organizations, sole traders and partnerships) that mine talc which is used in paper making, plastic, paint and coatings, rubber, food, electric cable, pharmaceuticals, cosmetics, and ceramics.
Competitive Landscape of the Talc Mining Market
Major players in the global talc mining market include Golcha Minerals (Golcha Group), Imerys, IMI Fabi, Minerals Technologies Inc, Mondo Minerals.
Talc Mining Market Size
The talc mining market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the talc mining market is due to increase in sales in rapidly developing countries such as China and India owing to rise in disposable income, increased demand for, availability of credit.
However, the market for talc mining is expected to face certain restraints from several factors such as interest rate increases, workforce issues.
Talc Mining Market Segmentation
The global talc mining market is further segmented based on type and geography.
By Type - The talc mining market is segmented into Talc Chlorite, Talc Carbonate, Others – Talc.
By Geography - The global talc mining is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Eastern Europe talc mining market accounts the largest share in the global talc mining market.
Trends in the Talc Mining Market
Talc mining companies are utilizing digital technologies to improve productivity and commercial outcomes as the major trends witnessed in the global talc mining market.
Potential Opportunities in the Talc Mining Market
With increase in positive economic outlook, improved earning capacity, emerging markets growth, the scope and potential for the global talc mining market is expected to significantly rise in the forecast period.