Talc Market by End-user, Deposit Type, and Geography - Forecast and Analysis 2020-2024

The talc market share is expected to increase by USD 597.30 million from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 4%.

This talc market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers talc market segmentation by end-user (plastics and rubber, paper and pulp, ceramics, paints and coatings, and others) and geography (APAC, Europe, North America, MEA, and South America). The talc market report also offers information on several market vendors, including Anglo Pacific Group Plc, Associated Soapstone Distribution Co. Pvt. Ltd., Elementis Plc, Haichen Minchem Co. Ltd., HAYASHI KASEI Co. Ltd., Imerys SA, IMI Fabi Spa, AIHAI, Minerals Technologies Inc., and Shandong Pingdu Talc Mine Industrial Co. Ltd. among others.

What will the Talc Market Size be During the Forecast Period?

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Talc Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increase in demand from plastics industry is notably driving the talc market growth, although factors such as stringent regulations and adverse effects on health and environment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the talc industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Talc Market Driver

 

One of the key factors driving growth in the talc market is the increase in demand from plastics industry. Talc is widely used in the plastic industry as fillers to enhance the properties of the plastics and polyolefin compounds (polypropylene). Talc is used in applications such as thermoplastic polymers of automotive, appliances (washing machines, dishwashers, and tumble driers), engineering polymers, semi-crystalline polymer nucleation, anti-blocking of polyethylene films, plastic recycling, and wood plastics composites. There has been a growing demand for the talc products in the lightweight automotive plastic parts. APAC is having the highest market share with countries like China and Japan having the highest consumption in this region. The presence of talc producing industries, as well as the growing plastics industries, has strengthened the position of APAC. From the pie-chart given above, it is quite evident that APAC has the largest market share of the global plastics market. So, the rapid growth of the plastic industry has been a key driver for the global talc market.

Key Talc Market Trend

The inorganic expansion and increase in mergers and acquisitions is a talc market trend that is expected to have a positive impact in the coming years. Major vendors in the talc market are increasingly relying on inorganic expansion for growth wherein they are either acquiring the operations of competitors or merging with the competitors to form a single business entity. Inorganic growth is preferred over organic growth in the talc business as the former gives an immediate gestation for investment while giving access to the existing customer base and distribution network of the acquired company. Vendors are opting for mergers and acquisitions to increase their global presence, expand their product portfolio, and achieve economies of scale in the manufacturing process. The increasing number of mergers and acquisitions is expected to contribute to the growth of the global talc market during the forecast period.

Key Talc Market Challenge

The stringent regulations and adverse effects on health and environment will be a major challenge for the talc market during the forecast period. Talcum powder in the cosmetics sector, which is made from talc, is capable of absorbing moisture and reduce the friction. So, it is widely used in baby powder, adult facial and body powders, and other consumer products. In natural form, talc contains asbestos, which causes lung cancer when inhaled. Long-term exposure to the natural talc powders mainly during working at the talc mine can cause a high risk of lung cancer. There have been instances of other health issues due to talc such as pulmonary issues, skin cancer, and ovarian cancer. Ovarian cancer is caused when the talc materials travel through the vagina, uterus, and fallopian tubes to the ovary. These materials also increase the risk of endometrial (uterine) cancer in women.

This talc market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global talc marketas a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the talc market during the forecast period.

Who are the Major Talc Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Anglo Pacific Group Plc
• Associated Soapstone Distribution Co. Pvt. Ltd.
• Elementis Plc
• Haichen Minchem Co. Ltd.
• HAYASHI KASEI Co. Ltd.
• Imerys SA
• IMI Fabi Spa
• AIHAI
• Minerals Technologies Inc.
• Shandong Pingdu Talc Mine Industrial Co. Ltd.

 

This statistical study of the talc market encompasses successful business strategies deployed by the key vendors. The talc market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Elementis Plc - The company offers talc for various end-user industries, including plastics, paints and coatings, food and pharma, and paper, among others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The talc market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Talc Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the talc market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the commodity chemicals market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Talc Market?

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52% of the market's growth will originate from APAC during the forecast period. China, India, and South Korea (Republic of Korea) are the key markets for talc in APAC. Market growth in this region will be faster than the growth of the market in other regions.

With the increase in disposable income of the consumers, expansion of industrialization, and other economic factors, there has been a rapid rise in the demand for property enhancer materials like talc. This will facilitate the talc market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Talc Market?

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The talc market share growth by the plastics and rubber segment will be significant during the forecast period. Talc is used as a filler and a modifier in the rubber industry. Talc is generally used in the rubber threads, sheets, hoses, seals, wires, cables, membranes, stoppers, tires, industrial goods, and other pharmaceutical closures. It helps in enhancing the properties of elastomers such as rigidity improvement, higher barrier properties, high specific surface, improved handling, agglomeration prevention, higher purity, synergism with the carbon black, partitioning agent, better compression resistance, and resistance to UV radiation.

This report provides an accurate prediction of the contribution of all the segments to the growth of the talc market size and actionable market insights on post COVID-19 impact on each segment.

 

Talc Market Scope
Report Coverage	Details
Page number	120
Base year	2019
Forecast period	2020-2024
Growth momentum & CAGR	Accelerate at a CAGR of 4%
Market growth 2020-2024	$ 597.30 million
Market structure	Concentrated
YoY growth (%)	3.78
Regional analysis	APAC, Europe, North America, MEA, and South America
Performing market contribution	APAC at 52%
Key consumer countries	China, US, India, Brazil, and South Korea (Republic of Korea)
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Anglo Pacific Group Plc, Associated Soapstone Distribution Co. Pvt. Ltd., Elementis Plc, Haichen Minchem Co. Ltd., HAYASHI KASEI Co. Ltd., Imerys SA, IMI Fabi Spa, AIHAI, Minerals Technologies Inc., and Shandong Pingdu Talc Mine Industrial Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Talc Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive talc market growth during the next five years
• Precise estimation of the talc market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the talc industry across APAC, Europe, North America, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of talc market vendors

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