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Talc Market Size, Share, Demand, Top Leaders and Industry Report 2023-2028
Talc Market
The global talc market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.
What is Talc?
Talc is a naturally occurring mineral that is composed of magnesium, silicon, and oxygen. It is extracted from deposits and processed into a fine powder. It is renowned for its softness and lubricating properties and offers high resistance to heat, electricity, and acids. It has oil-absorbing properties and the ability to improve the texture, absorbency, and overall quality of various products. As a result, talc is widely employed in the food and beverage (F&B), cosmetics, automotive, paper and pulp, and pharmaceutical industries around the world.
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What Are the Growth Prospects and Trends In The Talc Industry?
At present, the rising adoption of pills that have anti-sticking characteristics represents one of the key factors strengthening the growth of the market. In addition, the growing demand for talc, as it enhances the smoothness of powders, lotions, and creams while providing a silky feel to the skin, is offering a positive market outlook. Besides this, the increasing adoption of lightweight and fuel-efficient vehicle components among individuals worldwide is propelling the growth of the market. Additionally, the rising demand for minerals that prevent the formation of lumps and clumps in powdered foods and ensure consistent texture and flow in food products is contributing to the growth of the market. Furthermore, the increasing preference for sustainable and eco-friendly solutions is supporting the growth of the market.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Deposit Type:
• Talc Carbonate
• Talc Chlorite
• Others
Breakup by Form:
• Powdered Talc
• Talc Lumps or Granules
Breakup by End Use Industry:
• Pulp and Paper
• Plastic Industry
• Ceramics
• Paints and Coatings
• Cosmetics and Personal Care
• Pharmaceuticals
• Food
• Others
Breakup by Region:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
• AKJ Minchem Private Limited
• Anand Talc
• Elementis plc
• Golcha Group
• Guangxi Longsheng Huamei Talc Development Co. Ltd.
• Imerys S.A.
• IMI FABI S.p.A.
• Minerals Technologies Inc.
• Mughne Group of Companies
• Nippon Talc Co. Ltd.
• Sibelco
• Sun Minerals and Xilolite S.A.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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