Global Talc Market Outlook to 2026

Talc is a rock known as soapstone or steatite, composed of varying proportions of the mineral talc, often integrated with other minerals such as chlorite and carbonate. Talc is an industrial raw material used in a wide range of applications like cosmetics, paints, paper, plastics, rubber, cables, ceramics, etc. According to the publisher, talc's global market is expected to witness a moderate growth rate during the forecast period. The major factors driving the growth of the global talc market include increasing demand from the paints and coatings industry coupled with the plastics and rubber industry among other applications. However, the availability of substitutes of talc and awareness related to the carcinogenic nature of talcum powder are likely to restrain the growth of the market in the forecast period.

Asia-Pacific region is likely to be the largest market for global talc due to the high consumption from the end-user industries in majorly in countries like China, India, and Japan. India is one of the few countries with white talc reserves. China has the biggest plastics market that requires a high supply of talc to function. Further, 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. On the other hand, India has reserves of white deposits found throughout the country, most of which is consumed in the country itself.

Increasing demand from the paints and coatings industry is likely to drive the talc market due to its usage in industrial paint and coatings, wood lacquers, printing inks, fillers, etc. Furthermore, talc generates a barrier effect into paints and coatings to limit the penetration of water and corrosive agents, and further helps to reduce corrosion, bubble formation, and peeling.

In the year 2019, the global Talc market was found to be consolidated. Major players in the market were found to be Imerys, IMI Fabi SpA, Minerals Technologies Inc., Haicheng Xinda Mining, and Golcha Group, among others.

In May 2020, Amyris Inc., a leading synthetic biotechnology company in clean health and beauty markets, announced the launch of "Baby Cream to Powder" under its Pipette baby brand, giving caring parents more choice and keeping babies safe.

In January 2020, Indian talc producer Golcha Associated added value through new talc applications, mainly to service the plastics and paint industries with new grades of finer and purer talc, enabled by its investment in upgrading processing and technology.

The GlobalTalc Market report provides deep insight into the Talc market's current and future state across various regions. The study comprehensively analyzes the Talc market by segmenting based on Deposit (Talc Chlorite and Talc Carbonate), End-user Industry (Pulp and Paper, Plastics and Rubber, Paints and Coatings, Personal Care, Food and Beverage, Pharmaceuticals, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape section with profiles of major companies, including their market shares and projects.