Talc Market to see Rapid Growth by 2028
The talc market is projected to propagate at a CAGR of 3.4% during the forecast period (2021-2027). Talc is a naturally occurring mineral formed under the earth. It is a common silicate material that can be distinguished from other minerals from its extreme softness. Talc can be divided majorly into talc carbonates and talc chlorite. Talc carbonates are the most found form of talc around the globe. Talc is considered a raw material due to properties such as lamellarity, softness, whiteness, fragrance retention, luster, and chemical purity. The other commercial properties of talc are chemical inertness, low abrasion, high thermal conductivity, low electrical conductivity stability, and high oil and grease adsorption.
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Increasing use of talc in the automotive industry, superior properties of talc, rapid industrialization in emerging economies, and growing middle-class population are some of the pivotal factors stimulating the growth of the global talc market. Talc is generally used in the automotive industry as a functional material owing to its ability to modify some properties in a modified polymetric matrix. The other reason for the popularity of talc in the automotive industry is its ability to enhance stiffness in combination with good aesthetics, hydrophobic characteristics, and reasonable price. Further, a lot of developing countries have become the centers of growth by raising their shares of global incomes significantly. In addition, the investment between emerging and developed countries has deepened.
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· Market Coverage
· Market number available for – 2022-2028
· Base year- 2021
· Forecast period- 2022-2028
· Segment Covered- By Source, By Product Type, By Applications
· Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
· Inc., and others
Market Segmentation
Global Talc Market by Deposits
o Talc Carbonates
o Talc Chlorites
o Others
Global Talc Market by End-user
o Ceramics
o Construction
o Cosmetics and Personal Care
o Paints and Coatings
o Pharmaceuticals
o Plastics
o Pulp and Paper
o Others
Regional Analysis
o North America
o US
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World
Company Profiles
o AIHAI MINERALS EUROPE GMBH
o Aldon Corp
o ANAND TALC
o Elementis plc
o First Source Worldwide
o Golcha Group
o Guangxi Longsheng Huamei Talc Development Co., Ltd.
o Haichen Minchem Co.,Ltd.
o Imerys S.A.
o IMI FABI S.p.A.
o Liaoning Beihai Industry (Group) Co., Ltd.
o LITHOS Industrial Minerals GmbH
o Minerals Technologies Inc.
o Reagents
o Rockleigh Industries Inc
o Sibelco
o SKKU
o Superior Materials, Inc.
o Talc USA
o Xilolite
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global talc market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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