{"product_id":"talc-market-size-share-analysis-growth-trends-forecasts-2023-2028","title":"Talc Market Size \u0026 Share Analysis - Growth Trends \u0026 Forecasts (2023 - 2028)","description":"\u003cp\u003eTalc Market Size \u0026amp; Share Analysis - Growth Trends \u0026amp; Forecasts (2023 - 2028)\u003cbr\u003e\n The global talc market is projected to register a CAGR of over 4.5% during the forecast period. The market was negatively affected due to COVID-19 in 2020 and 2021, thus affecting the market growth. However, the condition has started to recover in 2022, which is expected to drive the market during the forecast period. Key HighlightsOver the short term, increasing demand for industrial and marine coatings is driving the demand for talc, as it is used in industrial coatings, which provide benefits such as corrosion protection, solvent reduction, and good adhesion.On the flip side, health issues in cosmetic products are expected to hamper the market's growth.The growing demand for thermoplastics in the aerospace industry is likely to act as an opportunity in the future.Asia-Pacific dominated the talc market globally, owing to the rising plastics market in China and the presence of white talc reserves in countries like India.Talc Market TrendsIncreasing Demand from the Plastics and Rubber Industries In plastic manufacturing, talc is mainly used as a filler. Talc particles have platy shapes, which help increase the stiffness of products such as polypropylene, vinyl, polyethylene, nylon, and polyester. This also increases the heat resistance ability of these products and reduces shrinkage.  According to plastic Europe (PEMRG), Global plastics production was estimated to be 390.7 million metric tons in 2021, an annual increase of 4% compared to 375.5 million metric tons in 2020.  The plastic industry is expected to grow in Asia-Pacific countries like China and India. China is the largest plastic producer in the world, accounting for 32% of global production in 2021. According to the National Bureau of Statistics of China, in 2021, total plastic production in China stood at 82.33 million metric tons, an increase of 5.5% from 2020.  In rubber manufacturing, talc helps to provide bounce property to the rubber and prevents the rubber from stickiness. Properties, such as high heat resistivity and bonding qualities of talc, make it an appropriate choice for rubber application.  According to the Association of Natural Rubber Producing Countries, global natural rubber production increased by 2.7% yearly in November 2022 to 1.426 million tons.  All the factors above, in turn, are expected to drive the demand in the talc market during the forecast period. Asia-Pacific Region to Dominate the Market The Asia-Pacific region dominated the global market share with the growing demand from the countries such as China, India, and Japan. According to U.S. Geological Survey (USGS), India is the largest producer of talc in the world followed by China. In 2021, the mine production of talc in India and China stood at 1,700 thousand metric tons and 1,400 thousand metric tons respectively. India is one of the few countries with white talc reserves. The deposits of talc are found throughout the country. Most of the white talc produced is consumed in the country itself In India, most of the commercial production of talc comes from Rajasthan. The two leading talc producers in the country (Golcha Group and Golcha Associated) are based in Jaipur, Rajasthan, catering cosmetics and polymer industry with talc of superior grades. The Indian plastic industry market is one of the country's most important economic sectors. According to the India Brand Equity Foundation, the total value of plastics exported between April and September 2022 was USD 6.38 billion. Furthermore, China has a huge plastics market that requires a high supply of talc to function. In China, talc is found in 15 provinces, with Liaoning, Shandong, Guangxi, Jiangxi, and Qinghai as the prominent areas that account for more than 90% of the total reserves. All these factors, in turn, are expected to drive the demand for talc in the region during the forecast period.Talc Industry Overview The talc market is moderately consolidated. The top players in the market (in no particular order) include Mineral Technologies Inc., IMI Fabi SpA, Imerys, Golcha Group, and Nippon Talc Co. Ltd.Additional Benefits:  The market estimate (ME) sheet in Excel format  3 months of analyst support\u003c\/p\u003e","brand":"Heavy Industry","offers":[{"title":"July, 2023 \/ 184 Pages \/ MCW16207696","offer_id":47610732675378,"sku":null,"price":6300.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/talc-market-size-share-analysis-growth-trends-forecasts-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}