Europe Talc Market Forecast to 2028 -Regional Analysis

The Europe talc market is expected to grow from US$ 411.22 million in 2022 to US$ 541.19 million by 2028. It is estimated to grow at a CAGR of 4.7% from 2022 to 2028.

Increasing Demand from Various End-Use Industries Fuels Europe Talc Market

Talc is used in various end-use industries such as paints & coatings, plastics, agriculture, and food. In the paint industry, talc use reduces the use of primary pigment in paint production, which reduces manufacturing costs. Talc reinforces the paint film and improves the durability and stain resistance of paint. Owing to its rust-inhibitive and corrosion-resistance properties, the finish lasts longer. Also, talc as an extender increases the viscosity of a paint. The strong growth of the construction, automotive, and industrial sectors propels demand for paints and coatings.

In the plastics industry, the use of talc improves the characteristics of plastics such as quality, aspect ratio, particle size distribution, and whiteness. The high demand for plastics in automotive, construction, consumer goods, electrical & electronics, and other industries boosts the need for talc. In the agriculture industry, talc is an effective anticaking agent and dispersing agent for pesticides and fertilizers. Also, in agricultural chemicals, talc has been considered as an ideal inert carrier. Increasing demand for fertilizers due to the growing agricultural production in different regions bolsters the need for talc. Further, food-grade talc is hydrophobic. Therefore, it functions as an anticaking agent by coating other substances and making them water-repellent. It also prevents lump formation. This property makes talc an ideal ingredient to be used in starch, chocolates, chewing gums, baked goods, dried fruits, cheese, seasoning, and table salt. The growing demand for all these products boosts the use of talc in the food industry. Therefore, the rising demand for talc from end-use industries is driving the growth of the Europe talc Market.

Europe Talc Market Overview

Germany, France, Italy, the UK, and Russia are the main countries in the Europe talc Market in Europe. According to the IMA-Europe aisbl, Europe's talc production has increased along with the rise in living standards, per capita income, and technology. Economic development in the region has also led to rapid urbanization. The region's Europe talc Market is driven by automotive, construction, paints & coatings, ceramics, and pulp & paper industries. This growth ensues from rising investments in the construction industry and infrastructural developments in other industries. According to the FIEC - European Construction Industry Federation, investment in nonresidential construction, such as the construction of offices, hospitals, hotels, schools, and industrial buildings, experienced an increase of 2.6% in 2021 compared to 2020.

Furthermore, according to the International Organization of Motor Vehicle Manufacturers (OICA), total vehicle production in European Union was 13.09 million units in 2021. Talc is usually used to modify several polymeric matrices used in automobile production. The expanding automotive market is propelling the demand for talc.

Europe Talc Market Revenue and Forecast to 2028 (US$ Million)

Europe Talc Market Segmentation

The Europe talc market is segmented into deposit type, end use industry, and country.

Based on deposit type, the Europe talc market is segmented into talc chlorite and talc carbonate. The talc carbonate segment held a larger share of the Europe talc market in 2022.

Based on end use industry, the Europe talc market is segmented into plastics, pulp and paper, ceramics, paints and coatings, rubber, pharmaceuticals, food, and others. The pulp and paper segment held the largest share of the Europe talc market in 2022.

Based on country, the Europe talc market is segmented int o Germany, France, the UK, Italy, Russia, and the Rest of Europe. The US dominated the share of the Europe talc market in 2022.

Elementis Plc; Golcha Minerals Pvt Ltd; Imerys SA; IMI Fabi SpA; Liaoning Aihai Talc Co Ltd; Minerals Technologies Inc; Nippon Talc Co Ltd, and SCR-Sibelco NV are the leading companies operating in the Europe talc market.