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
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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