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    Talc Market Report

    Talc Market Report
    Report code - SRAM162 Delivery - 2 Weeks
    Talc Market Size, Share, Trend, Forecast, & Competitive Analysis: 2022-2028
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    Market Insights

    Talc Market is expected to grow from USD 2.68 Billion in 2021 to USD 3.68 billion by 2028 at a CAGR of 4.6% during the forecast period of 2022-2028.


    Talc Market Size

    What is Talc?

    Talc, or talcum, is a clay mineral composed of hydrated magnesium silicate. Talc in powdered form, often combined with corn starch, is used as baby powder. This mineral is used as a thickening agent and lubricant. Talc is used to serve different functions in different applications. For instance; talc is used as a filler in the pulp & paper industry whereas it is used as a lubricant in the cosmetics industry, as an additive in the food industry, and as a glidant in the pharmaceutical industry. It is also used as a pleurodesis agent to prevent pneumothorax or recurrent pleural effusion in medicines and acts as an effective dispersing agent and anti-caking agent and helps fertilizer plants and animal feeds to function efficiently.

    Market Drivers

    Talc serves a wide array of applications owing to its excellent properties, such as resistance to heat, electricity, acids, oil, and grease adsorption. The material is widely used to enhances the properties, such as stiffness, thermal conductivity, impact resistance, creep resistance, and chemical resistance, of materials or parts used in various end-use industries. Excellent properties, increasing plastics content in the automotive industry, and growing demand for paint & coatings are the major factors that are driving the global talc market.

    Talc Market Snapshot

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    Segment Analysis

    By Deposit Type

    The global talc market is segmented based on the deposit type as Talc Chlorite, Talc Carbonate, and others. Talc carbonate is projected to remain the largest segment of the market during the forecast period, driven by its high availability in the world, high talc content, and excellent purity. The deposit type is also likely to witness the highest growth over the next five years.

    By Application Type

    Based on the application type, the talc market is segmented into Pulp & Paper, Cosmetics, Plastics, Ceramics, Paints & Coatings, Pharmaceuticals, Food, and Others. Plastic is likely to remain the most dominant and fastest-growing application segment of the market over the next five years, driven by talc’s usage in a wide range of plastic applications including automobile parts, household appliances, electrical and electronic parts, and wood-plastic composite parts.

    Stringent government regulations, such as CAFÉ Standards, are compelling the automakers to introduce lightweight parts into their vehicles to make them lighter in order to meet the fuel efficiency and carbon emission reduction targets. They (automakers) have been increasing the content of plastics into their vehicles, which is further boosting the demand for talc in plastic applications.

    Regional Insights

    Based on the regions, Asia-Pacific is projected to remain the largest and fastest-growing market for talc over the next five years, driven by emerging economies, such as China and India. High automobile production, high building and construction activities, and increased industrial activities are the major growth drivers of the region’s demand for talc in the coming years. The region also owns the abundant resources of talc’s raw materials. North America and Europe are also likely to generate healthy demand for talc over the next five years.

    Market Segmentation

    Report Feature

    Market Segmentation


    Regions Covered


    Countries/Subregions Covered


    Figures & Tables


    Company Profile



    The market is segmented in the following ways:

    Talc Market Size, Share & Forecast by Deposit Type:

    • Talc Chlorite
    • Talc Carbonate
    • Others

    Talc Market Size, Share & Forecast by Application Type:

    • Pulp & Paper
    • Cosmetics
    • Plastics
    • Ceramics
    • Paints & Coatings
    • Pharmaceuticals
    • Food
    • Others

    Talc Market Size, Share & Forecast by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Latin America, the Middle East, and Others)

    Key Players

    The global talc market is marked by the limited number of players catering the demand from a wide array of end-use industries. The key players in the global talc market are-

    • Imerys SA
    • Mondo Minerals BV
    • Minerals Technologies Inc.
    • IMI FABI
    • American Talc Company
    • Golcha Minerals (India) Pvt. Ltd.
    • Magnesita Refratarios SA
    • Nippon Talc Co., Ltd.
    • Liaoning Aihai Talc Company Limited.

    Capacity expansion and collaboration with customers are the key strategies adopted by the key players to gain a competitive edge in the market.

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    Talc Market Features

    Market Size in 2028

    USD 3.68 billion

    Market Size in 2021

    USD 2.68 billion

    Market Growth (2022-2028)

    4.6% CAGR

    Base Year of Study


    Trend Period


    Forecast Period


    Segments Covered

    By Deposit Type (Talc Chlorite, Talc Carbonate, and Others),

    By Application Type (Pulp & Paper, Cosmetics, Plastics, Ceramics, Paints & Coatings, Pharmaceuticals, Food, and Others),

    By Region (North America, Europe, Asia-Pacific, and Rest of the World)

    Top Companies in 2022

    Imerys SA, Mondo Minerals BV, Minerals Technologies Inc., IMI FABI, American Talc Company, Golcha Minerals (India) Pvt. Ltd., Magnesita Refratarios SA, Nippon Talc Co., Ltd., and Liaoning Aihai Talc Company Limited.

    Dominant Region


    Report Customization

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Asia-pacific is expected to remain dominant in the talc market in the coming years.

    Imerys SA, Mondo Minerals BV, Minerals Technologies Inc., IMI FABI, American Talc Company, Golcha Minerals (India) Pvt. Ltd., Magnesita Refratarios SA, Nippon Talc Co., Ltd., and Liaoning Aihai Talc Company Limited are among the key players in the market.

    The talc market size is expected to reach USD 3.68 billion in 2028.

    The talc market size was estimated USD 2.68 billion in 2021.

    Excellent properties, increasing plastics content in the automotive industry, and growing demand for paint & coatings are some of the major factors driving the growth of the market.

    Plastic is expected to remain most dominant application type in the talc market in the foreseeable future.


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