Global Talc MarketRecent Developments
In December 2016, IMI FABI acquired the talc business of Magnesita Refratarios SA, which is situated in Brumado, Brazil.
Increased applications of plastics in the automotive industry, High demand for paints and coatings in the industrial and construction sectors are fuelling the growth of the global talc market. Studies claiming talc as a health hazard, especially to women and increasing availability for better and safer substitutes.
Plastics is poised to account for the largest market share in 2016 as talc is used as a functional filler, providing rigidity to the plastic. Talc carbonate is the more abundant deposit in earth. Paints & coatings is the fastest growing segment during the forecast period. Asia-pacific dominates the global talc market throughout the forecasted period fuelled by large manufacturing activities. North America is forecasted to be second only to Asia-pacific in terms of production.
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Talc is majorly mined by open pit mining technique and is usually found in two forms – talc chloride and talc carbonate. Talc is used in the production of ceramics (the main domestic use), paint, paper (for improving several paper qualities and in recycling processes), plastics (as a functional filler, providing rigidity to the plastic), roofing, rubber, cosmetics, flooring, caulking, and agricultural applications The report provides an in-depth analysis of the talc market across different geographical regions viz. North America, Europe, Asia-Pacific, Latin America and Middle East & Africa along with further country-wise segmentation. It also includes competitive vendor landscape while considering major companies such as IMI Fabi, Imerys Talc, Specialty Minerals, American Talc Company, Golcha Minerals, Nippon Talc Company Limited, Liaoning Aihai Talc Company Limited, Guangxi Guilin Langsheng Humei Talc Development Company, Anand Talc, Silver Blends and Plastics Private Limited
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