Talc Market poised to surge at a CAGR of nearly 5% by the end of the 2021-2031 forecast period

Fact.MR’s recently published report anticipates the global talc market to reach US$ 600 Mn in 2031, projecting a CAGR worth 4.8% from 2021-2031. According to the report, the market is likely to be valued at US$ 372.7 Mn by 2021-end. Extensive applications for polymer engineering along with other end use industries will likely propel future demand.

The talc market experienced stable expansion across the 2016-2020 historical period, registering a CAGR of nearly 4%. However, temporary disruption in manufacturing activities stalled growth prospects during the height of COVID-19. For instance, Johnson & Johnson Consumer Health ceased shipping hundreds of talc powder products in May 2020, including the Baby Powder portfolio, which represents approximately 0.5% of the North American market.

Furthermore, the company has decided to permanently discontinue shipping its talc powder products to the continent. However, this will have a negligible future impact, as other application areas, including paints & coatings, will sustain talc powder demand. Additionally, manufacturers are looking to develop asbestos-free talc products, particularly for the cosmetics segment in lieu of the detrimental effects of the same on human health.

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Talc Market – Scope of Report:

A latest publication by Fact.MR on the global Talc market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2021-2031.

Important indicators for the successful growth of the Talc market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for Talc supplements, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Talc, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Competitive Landscape:

Strategic collaborations enable manufacturers to increase production and meet consumer demand which will increase revenue and market share. New products and technologies will enable end-users to benefit from products that are eco-friendly by nature.

• In February 2021, Magris Resources Canada Inc. fully acquired the assets of all the subsidiaries of Imerys’ at the price of US$ 223 million. Imerys’s talc production is regarded as one of the best ingredients used for different industrial purposes, therefore, Magris Resources Canada Inc.’s acquisition can help them to gain a major competitive advantage in the U.S.
• Minerals Technologies Inc. offers talc products for multiple end use applications- including MicroTuff® AG and MicroTalc® for polyolefins for automotive parts & appliances, Talcron® and Sericron® talc series for paints & coatings and MicroTalc® and UltraTalc® for pharmaceuticals, foods and body powders respectively.

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Report benefits & key questions answered

• Post covid consumer spending on Talc: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
• Talc demand outlook: the market intelligence study reports highlights the factor propelling the demand for Talc. As per the study, the demand for Talc will grow through 2031.
• Talc historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2021-2031.
• Talc consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

Talc Market Segmentations:

• By Form :

  • Powdered Talc
  • Talc Lumps or Granules

• By End Use Industry :

  • Agriculture
  • Ceramics
  • Pharmaceuticals
  • Paints & Coatings
  • Cosmetics
  • Pulp & Paper
  • Food
  • Other End Uses

• By Deposit Type :

  • Talc Chlorite
  • Talc Carbonate
  • Other Talc Deposit Types

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