Talc Market - Industrial Outlook, Company Shares, Analysis, Growth, Forecast to 2025
30 October 2018 - The Global Talc
Market is expected to grow at a considerable rate over the forecast period.
Key drivers for this market are the burgeoning demand from end user industries
like cosmetics, plastics, ceramics, paper & pulp, pharmaceuticals, paints
& coatings, and food. Disruptive innovations in products developed and fast
paced growth in emerging markets will open new avenues for this market on the
forecast horizon. Prolific use of talc reinforced plastics is also driving this
market exponentially. They provide better insulation, thermal resistance, creep
resistance, rigidity, and impact resistance. On the other hand, factors like
strict regulations pertaining to environmental issues and adverse effects like
respiratory diseases in infants as well as ovarian cancer in women are restraining
growth. The market ecosystem is comprised of upstream and downstream industry
verticals like raw material suppliers, regulatory authorities, distributors,
and end user industries. It is thus a horizontal market that diversifies into
different industry verticals.
Talc
has various uses in paper & pulp industry, like pitch control of pulp, use
as a filler for increasing paper strength, printability, and run ability, and
as a coating pigment. It enhances the performance of polyolefin compounds like
polypropylene (PP) used in plastics and rubber industries. It is used for
manufacturing automotive exhaust catalytic converters that use honeycomb
cordierite ceramics. Talc is used as a carrier for food coloring, and as a
separating agent for bulk food production. It is particularly used in
production of olive oil. It is also used as an active and auxiliary agent that
acts as a basis of powders produced in pharmaceutical industries. The laminar
structure of talc particles imparts superior properties to paints and coatings,
like weathering resistance, mud cracking resistance, better viscosity and
consistency. Talc is used in cosmetic products as a base material for rouge and
powders.
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Talc
market is segmented on the basis of deposit, application, and the geographical
region. The segments based on application of talc are cosmetics, plastics,
ceramics, paper & pulp, pharmaceuticals, paints & coatings, and food.
The segments based on deposit are talc chlorite, talc carbonate, and others.
The geographical regions for this market are North America, Latin America, Asia
Pacific, Europe, and Middle East & Africa.
The
plastics segment currently aces the market and is projected to lead in the
forecast period too. This can be attributed to the prolific use of talc as a
nucleating agent in production of ployproplynene, semi –crystalline polymers
and biopolymers. It also acts as filler that facilitates recycling of plastics.
Talc carbonate holds the largest market share due to greater availability and
purer talc obtained, compared to its alternatives. This trend is expected to
continue in the foreseeable future. Asia Pacific currently leads the market due
to larger demand from end user industries in emerging economies, and the
presence of talc mines in India, Japan, and China. China is at the forefront of
the talc market in Asia Pacific. The paper & pulp industry is also expected
to show significant growth over the forecast period due to prolific use of talc
for aforementioned purposes.
Key
players in the talc market are Magnesita Refratarios SA, Golcha Minerals,
Nippon Talc, IMI Fabi, Imerys SA, Minerals Technologies Inc, Mondo Minerals BV,
American Talc Company, Huamei Talc Development Co Ltd, Liaoning Aihai Talc
Company Ltd, Pingdu Talc Mine Industrial, Guiguang Talc, Haichen Minchem,
Xilolite, Beihei Group, Hayashi Kasel, Shuiquan Talc, The Jai Group, Amongst
the latest M&A activity in talc market, Magnesita sold its talc business to
IMI Fabi in July 2016, Advent International acquired Mondo Minerals in July
2011, Imerys acquired Alleghany Corp in 2005; a leading manufacturer of
diatomaceous earth and perlite.
Market Segment:
The major manufacturers covered in this
report
•
IMI Fabi
•
Imerys Talc
•
Mondo Minerals
•
Specialty Minerals
•
American Talc Company
•
Golcha Minerals
•
Nippon Talc Company
•
Liaoning Aihai Talc Company
•
Guangxi Guilin Langsheng Humei Talc
•
Anand Talc
•
Xilolite
•
Silver Blends and Plastics
•
Hayashi-Kasei
•
Beihai Group
Geographically, this report studies the
top producers and consumers, focuses on product capacity, production, value,
consumption, market share and growth opportunity in these key regions, covering
•
North America
•
Europe
•
China
•
Japan
•
Other Regions (India, Southeast Asia, Central & South America and Middle
East & Africa)
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