Global Talc Market – Segmented by Deposit, End-user Industry and Geography - Growth, Trends and Forecast (2018-2023)
The global talc market is expected to register a CAGR of 4.91% during the forecast period (2018 - 2023). The market is expected to be augmented by the growing demand for plastics in the automotive industry.
Increasing Demand for Industrial & Marine Coatings
Talc is used in industrial coatings which provide various benefits, such as corrosion protection, solvent reduction, and good adhesion. Talc increases the solid content, along with the pigment volume concentration of the coatings, thereby, decreasing the VOC content and formulation cost. The growing VOC regulations in Europe and North America are increasing the demand for talc in industrial coatings. Talc is used in marine coatings as it is an inert, platy, and hydrophobic material which is best suitable for marine applications in ships, submarines, etc. The hydrophobic nature of the talc prevents it from corrosion, therefore, increases its demand. The growing shipbuilding activities are driving the market for talc.
Pulp & Paper Industry is the Largest Consumer
The paper industry is one of the largest consumers of talc, it is used as a filler to enhance opacity and improve printing properties. In the paper industry, talc is mixed with pulp to make the final product. Talc is used in both uncoated and coated rotogravure papers to enhance the printability and reduce the surface friction. It also helps to improve the productivity at the paper mill and print house as well as reduce the ink scuff in offset papers. Talc is used as a pitch control agent in the papermaking process to adsorb any sticky particles in the pulp onto their platy surfaces. Talc can also be used in paper recycling as well as in the fresh production of paper, pulp, and cardboard as filler. The talc market is expected to be driven by the growth of the pulp & paper industry in the Asia-Pacific and North America regions over the forecast period.
China is the Largest Consumer
In China, talc is found in 15 provinces, including Liaoning, Shandong, Guangxi, Jiangxi, and Qinghai as the prominent areas, accounting for more than 90% of the total reserves. The talc output from China is mostly of the medium- to low-quality standard, while the output of the high-quality talc powder and the high-quality lump is insufficient to meet the needs of the Chinese domestic market or export. China has stopped manufacturing its own pulp, thereby, resulting in the rise of the pulp prices, which is expected to hinder the growth of talc consumption in the pulp & paper industry of the country. The above factors are expected to have an impact on the growth of the talc market in the country.
December 2017: IMI Fabi announced the completion of the new crushing plant at Brusada-Ponticelli-Valbrutta mine in Lanzada, Italy.
February 2017: Imerys introduced JetFil® V625C and V700C talc for reinforcement for the plastic compounding industry.
Major Players: IMI Fabi SpA, Golcha Minerals, Imerys Talc, Nippon Talc Co. Ltd, and Lithos Industrial Minerals GmbH, among others.
Reasons to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To identify the end user that is expected to dominate the market
To identify the regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
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