North America Talc Market by Propulsion Type, Range, End User and Region

The North America talc market is expected to grow from US$ 211.23 million in 2022 to US$ 293.24 million by 2030. It is estimated to grow at a CAGR of 4.2% from 2022 to 2030.
Growing Demand for Plastics in Automotive Industry Fuels North America Talc Market

As per data by the Organisation Internationale des Constructeurs d'Automobiles (OICA), the global car and vehicle production reached over 85 million in 2022, indicating a 6% increase from the previous year. Countries in North America recorded production of over 13.4 million commercial and passenger vehicles in 2021, which increased by 10% rate and registered production of around 14.7 million in 2022. Numerous companies operating in the automotive market are investing heavily in automobile manufacturing to increase production and sales. Further, in January 2021, the US President announced the plan to strengthen the US manufacturing sector under the "Made in America" initiative, which focused on making the manufacturing sector technologically advanced and automated. He announced an investment of US$ 300 billion for the R&D and inclusion of advanced technologies to boost the country's production output, focusing on electric vehicle production.

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Materials such as polypropylene (PP) and other engineering thermoplastics are extensively used for automotive interiors, exteriors, and under-the-hood applications and replacing the usage of metal parts. Talc is added to polypropylene to enhance its performance and durability. Vehicle's interior parts such as instrument panels, door panels, pillar covers, seat backs, consoles, and headliners are commonly made of talc-filled polypropylene. Thus, the increasing investments by major automobile manufacturers and surging production of automotive vehicles would propel the demand for automotive plastics, which is expected to boost the talc market growth during the forecast period.

MARKET INTRODUCTION

The US, Canada, and Mexico are the key economies in North America. Plastics, paints & coatings, ceramics, pharmaceuticals, rubber, food, and packaging are the major end use industries driving the talc market in North America. According to the Government of Canada, North America produces goods and services valued at more than US$ 23 trillion every year. Furthermore, the construction sector in North America is rapidly developing due to a robust economy and increased federal and state financing for public works and institutional structures. Rapid development and urbanization are also driving the demand for ceramics and paints and coatings in North America. North America's construction industry is a major contributor to the region's economy. According to the Associated General Contractors of America (AGC), the US construction industry annually creates US$ 1.4 trillion worth of structures. The rise in construction activities owing to the increasing population and rapidly growing commercial sector across the region is driving the construction sector in North America. These factors are propelling the growth of the talc market in North America. The US, Canada, and Mexico are the key economies in North America. Many domestic and international corporations, such as Imerys SA and IMI FABI, have a substantial presence in North America. Manufacturers in the area are investing heavily in talc research and development, mining, milling technologies, and product development, fuelling the market growth.
List of Companies Profiled in the North America Talc Market Report are:
• Elementis Plc
• Golcha Minerals Pvt Ltd
• Imerys SA
• Liaoning Aihai Talc Co Ltd
• Minerals Technologies Inc
• SCR-Sibelco NV

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Key Segmentation:

The North America talc market is segmented into type, application, and country.
Based on type, the North America talc market is bifurcated into talc chlorite and talc carbonate. The talc carbonate segment held a larger share of the North America talc market in 2022.
In terms of application, the North America talc market is segmented into plastics, pulp and paper, ceramics, paints and coatings, rubber, pharmaceuticals, food, and others. The ceramics segment held the largest share of the North America talc market in 2022.
Based on country, the North America talc market is segmented into the US, Canada, and Mexico. The US dominated the North America talc market in 2022.

Table of Contents

Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study.

Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and market size. It also covers market share and growth rate by regions.

Key Players: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.

Breakdown by Product and Application: This section provides details about market size by product and application.

Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.

Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.

Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.

Key Findings of the Research Study

Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.

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