Talc Market | Growth, Trends, and Forecast (2020

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

5 %

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Market Overview

The market for talc is expected to register a CAGR of around 5%, during the forecast period. One of the major factors driving the market is the increasing usage of plastic in the automotive industry, as talc is used in plastics, especially thermoplastics, as a functional material, due to its ability to modify significant properties in modified polymeric matrix, when it is dispersed properly.

Increasing demand for industrial and marine coatings is also likely to boost the demand for talc, as it is used in industrial coatings, which provide benefits, such as corrosion protection, solvent reduction, and good adhesion.
Thermoplastics are expected to play an increasingly important role in accelerating future aircraft construction, as they offer multiple advantages, including very short production times and low overall costs, compared to their thermoset counterparts. The surging demand for thermoplastics in the aerospace industry is likely to act as an opportunity in the future.
Asia-Pacific dominated the talc market across the world, owing to the rising plastics market in China and presence of white talc reserves in countries, like India.

Scope of the Report

The talc market report includes:

Deposit
		Talc Chlorite
		Talc Carbonate

End-user Industry
		Pulp and Paper
		Paints and Coatings
		Plastics and Rubber
		Food and Beverage
		Personal Care
		Pharmaceutical
		Other End-user Industries

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico
	Rest of the North America

Europe
	Germany
	United Kingdom
	France
	Italy
	Spain
	Rest of the Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand from Paints and Coatings Industry

The utilization of talc offers various advantages in the paints and coatings industry. It is mainly used in industrial paint and coatings, wood lacquers, printing inks, fillers, as well as in various other coatings.
Talc is primarily used as an extender and effective filler in paints and helps to improve the suspension of solids in the can. It is also helping the liquid paint adhere to a wall without sagging.
Furthermore, talc generates a barrier effect to limit the penetration of water and corrosive agents into paints and coatings, and further helps to reduce bubble formation, corrosion, and peeling.
The demand for paints and coatings increased in the Asia-Pacific countries, such as China and India, in recent years, which is expected to boost the demand for talc.
Asia-Pacific's commercial and residential construction is growing significantly, with the increasing investments by the Governments of India, China, and Indonesia.
Furthermore, the growth of commercial real estate in India is largely driven by service sectors, especially IT-ITeS. The Indian government's ‘Housing for All by 2022’ initiative is also a major game-changer for the industry.
All the aforementioned factors, in turn, are expected to drive the demand for talc market during the forecast period.

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Asia-Pacific Region to Dominate the Market

Asia-Pacific region dominated the global market share with the growing demand from the countries such as China, India, and Japan.
China has a huge plastics market that requires high supply of talc to function. In China, talc is found in 15 provinces, with Liaoning, Shandong, Guangxi, Jiangxi, and Qinghai as the prominent areas that account for more than 90% of the total reserves.
China stopped manufacturing its own pulp which resulted in the raise of pulp prices which is expected to hinder the growth of talc consumption in pulp & paper industry of the country.
India is one of the few countries with white talc reserves. The deposits of talc are found throughout the country. Most of the white talc produced is consumed in the country itself.
Most of the commercial talc production of talc comes from Rajasthan. The two leading talc producers in the country (Golcha Group and Golcha Assoaciated) are based in Jaipur, Rajasthan catering cosmetics and polymer industry with talc of superior grades.
Apart from these producers, the country has several small-scale producers that produce standard or low-quality grades.
The plastics sector of Japan is stable and balanced in terms of proportion of production to demand. The exports of plastics from the country is always higher than the imported amount. Notably, the trade is primarily with Asian countries.
All these factors, in turn, are expected to drive the demand for talc in the region during the forecast period.

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Competitive Landscape

The talc market is moderately consolidated. The top five players accounted for around 30% share of the market. The top players of the market include Imerys, Mineral Technologies Inc., IMI Fabi SpA, Nippon Talc Co., Ltd., and Golcha Group, among others.

Major Players

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1. INTRODUCTION
1. 1.1 Study Assumptions
2. 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Drivers
  1. 4.1.1 Increasing Plastic Usages in the Automotive Industry
  2. 4.1.2 Increasing Demand for Industrial and Marine Coatings
2. 4.2 Restraints
  1. 4.2.1 Health Issues in Cosmetics Products
3. 4.3 Industry Value Chain Analysis
4. 4.4 Porter's Five Forces Analysis
  1. 4.4.1 Bargaining Power of Suppliers
  2. 4.4.2 Bargaining Power of Consumers
  3. 4.4.3 Threat of New Entrants
  4. 4.4.4 Threat of Substitute Products and Services
  5. 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
1. 5.1 Deposit
  1. 5.1.1 Talc Chlorite
  2. 5.1.2 Talc Carbonate
2. 5.2 End-user Industry
  1. 5.2.1 Pulp and Paper
  2. 5.2.2 Paints and Coatings
  3. 5.2.3 Plastics and Rubber
  4. 5.2.4 Food and Beverage
  5. 5.2.5 Personal Care
  6. 5.2.6 Pharmaceutical
  7. 5.2.7 Other End-user Industries
3. 5.3 Geography
  1. 5.3.1 Asia-Pacific
    1. 5.3.1.1 China
    2. 5.3.1.2 India
    3. 5.3.1.3 Japan
    4. 5.3.1.4 South Korea
    5. 5.3.1.5 Rest of Asia-Pacific
  2. 5.3.2 North America
    1. 5.3.2.1 United States
    2. 5.3.2.2 Canada
    3. 5.3.2.3 Mexico
    4. 5.3.2.4 Rest of the North America
  3. 5.3.3 Europe
    1. 5.3.3.1 Germany
    2. 5.3.3.2 United Kingdom
    3. 5.3.3.3 France
    4. 5.3.3.4 Italy
    5. 5.3.3.5 Spain
    6. 5.3.3.6 Rest of the Europe
  4. 5.3.4 South America
    1. 5.3.4.1 Brazil
    2. 5.3.4.2 Argentina
    3. 5.3.4.3 Rest of South America
  5. 5.3.5 Middle-East and Africa
    1. 5.3.5.1 Saudi Arabia
    2. 5.3.5.2 South Africa
    3. 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
2. 6.2 Market Share Analysis**
3. 6.3 Strategies Adopted by Leading Players
4. 6.4 Company Profiles
  1. 6.4.1 IMI Fabi SpA
  2. 6.4.2 ANAND TALC
  3. 6.4.3 Golcha Group
  4. 6.4.4 Guangxi Guilin Longsheng HuaMei Talc Development Co. Ltd
  5. 6.4.5 Imerys
  6. 6.4.6 LITHOS Industrial Minerals GmbH
  7. 6.4.7 Minerals Technologies Inc.
  8. 6.4.8 ELEMENTIS PLC
  9. 6.4.9 Nippon Talc Co., Ltd.
  10. 6.4.10 Superior Materials Inc.

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS
1. 7.1 Increasing Applications in Various Industries

** Subject to Availability