Press release
Talc Global Market Report 2025: Escalating at 11.4% CAGR driven by Rising Demand in Paints and Coatings Industry
Talc Market Size
What Is The Projected Market Size Of The Global Talc Global Market Report 2025 And Its Growth Rate?
- The talc market has experienced rapid growth, with the market size expanding from $10.44 billion in 2024 to $11.63 billion in 2025, registering a compound annual growth rate (CAGR) of 11.4%.
- Key growth drivers during the historic period have been the cosmetics and personal care industry, plastics and polymers manufacturing, paper and pulp industry, ceramics and paints, and pharmaceuticals.
- Expectations point towards continued robust growth in the next few years, with the market size projected to reach $16.13 billion in 2029, at a CAGR of 8.5%.
- The anticipated growth in the forecast period can be attributed to increasing demand for cosmetics, rising demand for plastics and polymers, growing paper and pulp industry, expanding applications in ceramics and paints, and innovations in pharmaceuticals.
What Is Driving The Growth In The Talc Global Market Report 2025?
Growth in the talc market is driven by escalating demand in the paints and coatings industry. Desired properties such as enhanced durability, weather resistance, and superior aesthetic appeal of paint products have boosted demand for talc in both residential and commercial applications. Talc enhances paint quality by improving its durability, moisture resistance, and smoothness, which drives demand in the construction and automotive sectors requiring highly durable coatings. For instance, the global paint and coatings market reached a value of $185.5 billion in 2023, marking a 3.2% increase compared to 2022, according to the World Paint and Coatings Industry Association.
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Who Are the Key Players Driving Talc Global Market Report 2025 Growth?
Noteworthy companies operating in the talc market include but are not limited to:
- Imery SA
- SCR-Sibelco NV
- Minerals Technologies Inc.
- HZM Corp.
- Nippon Talc Co. Ltd.
- Elementis plc
- R.T. Vanderbilt Holding Company Inc. - gouverneur talc
- Petrovietnam Chemical and Services Corporation
- 20 Microns Limited
- Burgess Pigment Company
- Ashapura Minchem Ltd.
What Are The Key Trends In The Talc Global Market Report 2025?
Trends shaping the forecast period include:
- Emphasis on talc in the paper and pulp industry
- Utilization of talc in ceramics and refractories
- Application of talc in agriculture for crop protection
- Shift towards talc alternatives in cosmetics
- Compliance with global regulatory standards in talc products
What Are The Segments Of The Global Talc Global Market Report 2025?
This market is segmented by:
- Type: Talc Chlorite, Talc Carbonate, and Others Types- Talc
- Mining Type: Underground Mining, Surface Mining
Which Region Leads The Talc Global Market Report 2025?
Among all prospective regions, Eastern Europe was the largest in the talc market in 2024. The market report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Talc Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Talc Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Talc Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Talc Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Talc Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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