Superfine Talc Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Superfine Talc Market Introduction
The mineral talc or talcum is composed of hydrated magnesium silicate and when it is crushed into fine white powder, it is referred as superfine talc. Superfine talc is one of the most commonly used industrial and commercial mineral component across a broad range of applications. Owing to superfine talc’s ability to resist electricity, moisture, heat, oils, and grease, superfine talc is one of the most important component in various cosmetics, pharmaceuticals, paper, and plastics.
Superfine Talc Market – Notable Developments
Some of the most prominent competitors operating in the competitive landscape of global superfine talc market include –
Superfine Talc Market Dynamics
Rich Reserves and Increasing Exports Aid Superfine Talc Market Players in the Asia-Pacific Region
While the global market for superfine talc is growing at modest pace, domestic superfine talc markets in the Asia-Pacific region are witnessing incremental growth to make it a profitable region. China and India are among the leading countries in the Asia-Pacific region that lead the global superfine talc market with ever-growing mine production and large reserves. According to the United States Geological Surveys (USGS), Pakistan and China were among the leading countries to export Talc to the United States (U.S.) during 2013-2016. Furthermore, rapidly increasing domestic consumption of superfine talc is expected to complement growth of the superfine talc market in the Asia-Pacific region in the upcoming years.
Regulatory Guidelines on the Production and Applications of Talc Create Manufacturing Challenges for Superfine Talc Market Players
Governing bodies and environment protection organizations across various countries have imposed strict rules and established some guidelines to regulate production of talc. Complying with strict governmental regulations can create short-term challenges, such as delayed production processes and increased production cost, for players in the superfine talc market.
In addition, various governmental organizations in different countries have set some standards and rules to regulate the use of superfine talc in various end-use applications, including cosmetics, personal care products, food products, and pharmaceuticals. The United States Food and Drug Administration (FDA) has imposed a set of rules to regulate the use of superfine talc in food industry as an anti-cracking agent, which manufacturers in the superfine talc market need to conform to.
Furthermore, increasing concerns about the potential risks and possibility of talcum powders made of talc causing cancer are creating prominent challenges for superfine talc market players. The International Agency for Research on Cancer (IARC) identifies talcum powders and other superfine talc products that contain asbestos as “carcinogenic to humans”. Thereby, the demand for cosmetics and personal care products manufactured using superfine talc may plummet in coming future, in turn hampering growth of the superfine talc market.
Growing Demand for Superfine Talc from the Automotive Industry will Drive the Superfine Talc Market
The superfine talc market is growing steadily with the increasing demand for superfine talc across a wide range of end-use industries, including cosmetics, paper & pulp, paints & coatings, plastics, and pharmaceuticals industry. While superfine talc is commonly used in cosmetics and paper & pulp applications, the automotive industry is emerging as one of the leading end-use industries in the superfine talc market. Rapidly growing demand for lightweight automotive parts is forcing automotive manufacturers to replace metal components with plastic to reduce the overall weight of a vehicle. Thereby, surging demand for lightweight automotive components manufactured using superfine talc-reinforced plastics is complementing growth of the superfine talc market.
Superfine Talc Market Segmentation
Based on the deposits, the superfine talc market is segmented into
Based on its applications, the superfine talc market is segmented into
Based on end-user industries, the superfine talc market is segmented into
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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