Talc Market

Talc Market Outlook (2024 to 2034)

The global talc market size is calculated to increase from a value of US$ 1.7 billion in 2024 to US$ 2.35 billion by the end of 2034. Fact.MR’s latest study forecasts worldwide talc sales to rise at a CAGR of 3.3% from 2024 to 2034.

Ever-increasing industrial activities in developing economies such as Thailand, Malaysia, Mexico, Brazil, Argentina, South Africa, China, and India are supporting overall talc market growth as it is used in several end-use industries such as agriculture, ceramics, pharmaceuticals, paints & coatings, and cosmetics for numerous applications. The rising use of talc in auto parts making is also opening high-growth opportunities for talc producers.

• Early Growth Factors: Rising demand from automotive and food sectors to create high profit margins for market players.
• Medium-Term Growth Factors: The use of talc in cosmetic production and emerging & evolving new cosmetic brands will contribute to overall market growth.
• Long Term Growth Factors: Research and development activities coupled with integration of bio-based solutions to make talc skin-friendly will be long-term talc market trends.

Beauty and DIY trends are boosting the demand for different types of consumer products such as cosmetics, ceramics, and pharmaceuticals, which is further increasing the consumption of talc. Talc powder is also exhibiting growing use in industrial and marine coatings for solvent reduction, corrosion protection, and good adhesion. The aerospace industry is witnessing a surge in demand for thermoplastics, which is acting as a growth factor for talc sales. Substantial presence of white talc reserves in Asian countries and rising plastic product demand are driving the revenue growth of talc manufacturers.

• The North American talc market size is evaluated at US$ 217.8 million in 2024.
• East Asia is set to account for 24.6% of the global talc market share by 2034.

Report Attribute	Detail
Talc Market Size (2024E)	US$ 1.7 Billion
Forecasted Market Value (2034F)	US$ 2.35 Billion
Global Market Growth Rate (2024 to 2034)	3.3% CAGR
South Korea Market Value (2034F)	US$ 92.7 Million
Talc Carbonate Demand Growth Rate (2024 to 2034)	4% CAGR
Key Companies Profiled	Imerys S.A; Mondo Minerals B.V.; Guangxi Guilin Longsheng Huamei Talc Development Co.Ltd.; Sibelco; Minerals Technologies Inc.; Nippon Talc Co. Ltd.; RT Vanderbilt Holding Company Inc.; Jai Vardhman Khaniz Pvt. Ltd.; Lianoing Aihai Talc Co. Ltd.; Xilolite S.A; Laizhou Yudong Talcum Powder Co., Ltd.; Golcha Minerals Pvt. Ltd; IMI Fabi LLC; Magnesita Refratários S.A.; LITHOS Industrial Minerals GmbH.

What is the Sales Outlook for Talc across the World?

“Advancements in Automobile Manufacturing Benefiting Talc Producers”

Continuous advancements in the technologies used in car manufacturing and increasing demand for lightweight auto parts are driving vehicle manufacturers to replace metal parts in cars with plastic and composite parts. Use of lightweight plastic and composite components reduces the overall weight of the vehicle, thereby increasing fuel efficiency.

These lightweight plastic parts are made from polypropylene reinforced with talc powder, which improves their performance and durability. It also provides resistance to wear and corrosion. In addition, growing automotive recycling demand and booming auto OEM part sales are also set to drive the consumption of talc over the coming years.

“Ongoing Research and Development Efforts to Enhance Features of Talc in Paper & Pulp and Food Industries”

Potential uses of talc are virtually endless and research and development in the industry is expected to help in uncovering new use cases. R&D activities are carried out to develop new powders for use in barrier coatings for cardboard food packaging.

Extensive research is underway to develop talc coatings to improve the printability of gravure paper, low abrasiveness for extruding polypropylene pipes, and dual graded to develop volatile organic compound (VOC) coatings. Therefore, there is considerable scope for the development of improved talc grades for use in the pulp & paper, construction, and food industries.

Which Factor is Responsible for Considerably Lowering Talc Use?

“Stringent Regulations: A War to Win for Talc Producers”

Directives from various environmental protection agencies globally are set to regulate the production and use of talc in end-use industries. This is expected to hinder the talc sales to some extent. These environmental protection agencies are introducing various regulations around the world to decrease the negative consequence of mining and manufacturing and processing plants on humans and the environment.

• Use of talc as an anti-caking agent in the food industry is subject to Food and Drug Administration (FDA) regulations.
• The Food and Drug Administration is pressuring suppliers to ensure talc powders and cosmetics to be free from asbestos.

Thousands of lawsuits have been filed worldwide against talc use in cosmetic products by people with ovarian cancer or mesothelioma after using talc products. Various juries across the globe have fined manufacturers of talc-based cosmetic products, such as baby powder, and also companies that supply talc to companies for the production of cosmetic products.

Lawsuits against the use and production of talc have created the image of talc as a dangerous product, especially in the cosmetics industry. However, talc manufacturers and their end-use companies are denying the allegations of its carcinogenic nature.

Can New Companies Make a Mark in the Talc Business?

“Innovations and Niche Marketing Will Increase Growth Opportunities for New Companies”

New companies eager to enter the talc business are set to earn high profits due to its diversified applications. New companies should focus on producing bio-based and skin-friendly talc product. To maintain goodwill in market this move is essential. Start-ups can also focus on niche marketing. Instead of concentrating on serving all, new companies can enter into niche segment to earn high profits and stand out in crowd. Niche marketing is one of the effective strategies for new companies.

Country-wise Analysis

Why are Sales of Talc Increasing in the United States?

“Rising Use of Talc as Filler in Painting and Coating of Infrastructure”

Attribute	United States
Market Value (2024E)	US$ 158.4 Million
Growth Rate (2024 to 2034)	3.7% CAGR
Projected Value (2034F)	US$ 226.7 Million

The United States is investing in the up gradation of existing infrastructure such as rails, roads, communications, schools, and hospitals. This is boosting the use of paints and coating, ultimately driving the talc demand as filler.

Strict regulations regarding energy efficiency is increasing the use of talc in automobile manufacturing. Thus, United States is one of the most profitable marketplaces for talc suppliers.

Will China Be a Key Market for Talc Suppliers?

“Increasing Use of Talc in Plastic and Rubber Product Manufacturing”

Attribute	China
Market Value (2024E)	US$ 214.8 Million
Growth Rate (2024 to 2034)	4.3% CAGR
Projected Value (2034F)	US$ 326.7 Million

In plastic production, talc is used as filler. Its particles as sheets or platy shapes help increase the stiffness of products such as vinyl, polypropylene, nylon, polyethylene, and polyester. It also improves the temperature or heat resistivity of such products and decreases shrinkage. The Chinese plastic industry is expanding at an elevated rate due to the availability of low-price and cost-effective raw materials and tremendous demand from end users.

• According to chemanalyst.com, the cumulative production of plastic products amounted to 74.89 million tons in 2023.

Talc has a prominent application in rubber manufacturing, it delivers a bounce or restorative property to rubber. It also prevents the rubber from stickiness. In addition, the properties of talc, such as high heat resistance and bonding qualities, make it a suitable choice for rubber applications. Thus, the growing rubber industry in China is also providing growth opportunities to talc suppliers.

Category-wise Analysis

What’s Pushing High Use of Talc Chlorite?

“Water-Repellent and Softness Driving Consumption of Talc Chlorite”

Attribute	Talc Chlorite
Segment Value (2024E)	US$ 537.8 Million
Growth Rate (2024 to 2034)	3.4% CAGR
Projected Value (2034F)	US$ 751.1 Million

Talc chlorite ore is made up of talc and chlorite that is a hydrated magnesium and aluminum silicate. Talc chlorite is considered to be water-repellent in nature. Talc chlorite is used by several end-use industries such as pharmaceuticals, food, paints and coatings, and cosmetics owing to their softness, hydrophobicity, and organophilicity properties. To improve thermal shock resistance ceramics industry is making high use of talc chlorite.

Why is Talc Consumption High in the Paints & Coatings Industry?

“Lamellar Structure and Hydrophobic Features Increasing Use of Talc in Paints & Coatings”

Attribute	Paints & Coatings
Segment Value (2024E)	US$ 420.3 Million
Growth Rate (2024 to 2034)	3.5% CAGR
Projected Value (2034F)	US$ 595.7 Million

Talc is widely used in the paints and coatings industry, as well as in printing inks, and other coating-related industries. It is the ideal filler for the paints and coatings industry due to its lamellar structure, hydrophobic characteristics, and chemical inertness. Talc is exhibiting increasing demand in this field because of its barrier effect, which can successfully stop moisture and corrosion from entering paints and coatings. These characteristics make coatings less prone to blistering, peeling, corrosion, and bubble formation.

Competitive Landscape

Key players in the talc market are adopting numerous organic and inorganic strategies to increase their overall sales. To achieve this, they are also focusing their resources on capacity expansion, R&D, and enhancement of the supply chain, which contribute to expanding their catchment area. Furthermore, the adoption of digital platforms to amplify sales and strengthen brand recognition is some of the major growth strategies.

• In March 2024, Helena launched a New Quickshot™ Crop nutrition product to aid in maximizing yields.
• Amid ongoing asbestos controversy Johnson & Johnson (J&J) launched new baby care brand in 2022.

Fact.MR provides detailed information about the price points of key producers of talc positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.

Key Segments Covered in Talc Market Research

• By Form :

  • Powdered Talc
  • Talc Lumps or Granules

• By Deposit Type :

  • Talc Chlorite
  • Talc Carbonate
  • Others

• By End-Use Industry :

  • Agriculture
  • Ceramics
  • Pharmaceuticals
  • Paints & Coatings
  • Cosmetics
  • Pulp & Paper
  • Food
  • Others

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa