Market Size of Talc Industry
| Study Period | 2019-2029 |
| Market Volume (2024) | 7.66 Million tons |
| Market Volume (2029) | 10.09 Million tons |
| CAGR (2024 - 2029) | 4.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Talc Market Analysis
The Talc Market size is estimated at 7.66 Million tons in 2024, and is expected to reach 10.09 Million tons by 2029, growing at a CAGR of 4.5% during the forecast period (2024-2029).
The COVID-19 pandemic affected the market in the past years on a global scale and forced ceramic makers, pulp and paper manufacturers, and paints and coatings manufacturers to shut down their operations, lowering the demand for talc in 2022. However, the condition is expected to recover, which will restore the growth trajectory of the market studied during the latter half of the forecast period.
- Over the short term, increasing demand for industrial and marine coatings is driving the demand for talc, as it provides benefits such as corrosion protection, solvent reduction, and good adhesion.
- On the flip side, health issues pertaining to talc-based cosmetic products are expected to hamper the market's growth.
- The growing demand for thermoplastics in the aerospace industry is likely to act as an opportunity in the future.
- Asia-Pacific dominated the talc market globally, owing to the rising plastics market in China and the presence of white talc reserves in countries like India.
