Talc is a monoclinic mineral and occurs as a hydrothermal alteration of magnesium silicates that lack aluminum.
Rising demand for talc in the manufacturing of laboratory countertops and electrical switchboards, owing to its property to resist heat, acids and electricity is a factor expected to drive growth of the global talc market in the near future. In addition, increasing use of talc in cosmetic industry as a lubricant and as a filler by the pulp and paper industry is another factor expected to propel growth of the target market over the forecast period. Furthermore, increasing adoption of talc in production of astringent baby powders, owing to its quality to prevent rashes on skin covered by a diaper is another factor expected to fuel growth of the target market in the near future.
However, availability of alternatives is a major factor expected to restrain growth of the global talc market over the forecast period.
The global talc market has been segmented on the basis of deposit type, end-use industry, and region. On the basis of deposit type the target market is segmented into talc carbonate and talc chlorite. On the basis of end-use industry global talc market is segmented into pulp and paper, plastic industry, ceramics, paints and coatings, cosmetics and personal care, pharmaceuticals, and food. Plastic industry segment dominates the global market in terms of revenue and is expected to maintain its dominance over the forecast period, owing to increasing demand for talc as an anti-blocking agent in polyethylene which helps to restore mechanical properties of recycled plastics.
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Based upon region global talc market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The market in Asia Pacific is estimated to be highest share in terms of revenue, owing to increasing demand for talc from various industry verticals such as cosmetics, pulp and paper, food, and automotive, in the region. In addition, the Indian talc industry is the world’s third largest industry, owing to increasing domestic consumption of talc. The markets in Europe is expected to register significant growth in terms of revenue, owing to growing demand for talc in various end-use applications such as in paints, roofing materials, ceramics, insecticides, rubbers, and talcum powder in the region over the forecast period.
Key players operating in the global talc market include Imerys talc Austria Gmbh, Mondo Minerals B.V., Golcha Group, American Talc Company, Inc., IMI FABI LLC, Nippon Talc Co Ltd, Minerals Technologies Inc., The Jai Group, Aihai Talc Company Limited, and Liaoning BeiHai Industries Group Co., Ltd.