Superfine Talc Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Superfine Talc Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Report Digest
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
- Imerys S.A. – a French multinational company in the superfine talc market – acquired the calcium carbonate business of Vimal Microns Ltd. – an Indian manufacturer of quality fillers or extenders including Calcite, Talc, China Clay, and Silica in micronized form, in February 2018. On acquiring the business that generates the revenue of nearly 500 million of Indian Rupees (€7 million), Imerys aims to strengthen its position in the Indian market superfine talc and its applications such as polymers and coatings.
- IMI Fabi S.p.A. – an Italian company in the superfine talc market – announced that, after acquiring Sibelco’s talc operations in Uikhoven, Belgium, it has opened a new underground crushing plant at Brusada-Ponticelli-Valbrutta mine in Lanzada, Italy. The company also declared that it will be incorporating the Industry 4.0 principles at the new plant with highly efficient and competitive automation processes.
- Mondo Minerals – a European talc performance minerals business and a leading player in the superfine talc market – was acquired by Elementis Plc – a leading specialty chemicals and personal care business based in the U.K. – in October 2018 for approximately € 457.5 million.
- Minerals Technologies Inc. – a U.S.-based manufacturer in the superfine talc market – announced in July 2018, that it has entered a strategic agreement to construct a satellite precipitated calcium carbonate (PCC) plant capable of producing 150 thousand metric ton per year at a paper mill owned by Shouguang Meilun Paper Co., Ltd. – a leading player in the Chinese paper manufacturing company – in Shouguang, Shandong Province, China. The company announced that it aims to establish a strong position in the Chinese paper market with this agreement.
Some of the most prominent competitors operating in the competitive landscape of global superfine talc market include –
- Golcha Minerals
- Imerys S.A.
- Minerals Technologies Inc IMI Fabi S.p.A.
- Mondo Minerals
- Liaoning AIHAI Talc
- Nippon Talc
- American Talc Company
- Minchem
- Guangxi Guilin Longsheng Huamei Talc Development
- Haichen Hayashi-Kasei
- Shandong Pingdu Talc Mine Industrial
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
- Talc Carbonate
- Talc Chlorite
- Others
Based on its applications, the superfine talc market is segmented into
- Plastics
- Cosmetics
- Pharmaceuticals
- Paper
- Paints and Coatings
- Food
- Others
Based on end-user industries, the superfine talc market is segmented into
- Building and Construction
- Personal Care
- Automotive
- Food and Pharmaceuticals
- Electrical and Electronics
- Packaging
- Industrial
- Others
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
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:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
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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