Asia Pacific Talc Market Forecast to 2030

Asia Pacific Talc Market Forecast to 2030 – Regional Analysis – by Deposit Type (Talc Chlorite and Talc Carbonate) and End-Use Industry (Plastics, Pulp & Paper, Ceramics, Paints & Coatings, Rubber, Pharmaceuticals, Food, and Others)

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Description

The Asia Pacific talc market is expected to grow from US$ 940.38 million in 2022 to US$ 1,470.84 million by 2030. It is estimated to grow at a CAGR of 5.8% from 2022 to 2030.
Increasing Demand from Various End-Use Industries Fuels Asia Pacific Talc Market
Talc is used in various end-use industries such as paints & coatings, plastics, agriculture, and food. In the paint industry, talc use reduces the use of primary pigment in paint production, which reduces manufacturing costs. Talc reinforces the paint film and improves the durability and stain resistance of paint. Owing to its rust-inhibitive and corrosion-resistance properties, the finish lasts longer. Also, talc as an extender increases the viscosity of a paint. The strong growth of the construction, automotive, and industrial sectors propels demand for paints and coatings. In the plastics industry, the use of talc improves the characteristics of plastics such as quality, aspect ratio, particle size distribution, and whiteness. The high demand for plastics in automotive, construction, consumer goods, electrical & electronics, and other industries boosts the need for talc. In the agriculture industry, talc is an effective anticaking agent and dispersing agent for pesticides and fertilizers. Also, in agricultural chemicals, talc has been considered as an ideal inert carrier. Increasing demand for fertilizers due to the growing agricultural production in different regions bolsters the need for talc. Further, food-grade talc is hydrophobic. Therefore, it functions as an anticaking agent by coating other substances and making them water-repellent. It also prevents lump formation. This property makes talc an ideal ingredient to be used in starch, chocolates, chewing gums, baked goods, dried fruits, cheese, seasoning, and table salt. The growing demand for all these products boosts the use of talc in the food industry. Therefore, the rising demand for talc from end-use industries is driving the growth of the talc market.
Asia Pacific Talc Market Overview
Australia, China, India, Japan, and South Korea are the key contributors to the talc market in Asia Pacific. Asia Pacific is one of the largest crudes and processed talc-producing regions globally. The region is home to major manufacturers producing lightweight plastics for automotive components. Rapid industrialization and a surge in disposable income of the middle-class population of emerging economies are expected to drive the demand for talc in Asia Pacific. According to the International Organization of Motor Vehicle Manufacturers (OICA), the Asia-Oceania region’s vehicle production increased from 44.2 million in 2020 to 46.7 million vehicles in 2021. The development of automotive parts and components in the region with the rise of electric vehicle production will create lucrative opportunities for the talc market. Extensive innovation and prototyping from major automakers are driving the market growth. Rise in regional construction activities and growth of industrial and automotive sectors further accelerate the market growth. Low-cost production in the region provides an excellent opportunity for the global players in Asia Pacific, especially China and India. Under the Sustainable Development Goals 2030, the Asian Development Bank has planned to build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation in Asia Pacific. Moreover, the rise in the number of on-fleet vehicles in countries such as China, India, and South Korea is fueling the demand for building materials such as ceramics and paints & coatings. All these factors are propelling the growth of the talc market in Asia Pacific.
Asia Pacific Talc Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Talc Market Segmentation
The Asia Pacific talc market is segmented into type, application, and country.
Based on type, the Asia Pacific talc market is bifurcated into talc chlorite and talc carbonate. The talc carbonate segment held a larger share of the Asia Pacific talc market in 2022.
In terms of application, the Asia Pacific talc market is segmented into plastics, pulp and paper, ceramics, paints and coatings, rubber, pharmaceuticals, food, and others. The pulp and paper segment held the largest share of the Asia Pacific talc market in 2022.
By country, the Asia Pacific talc market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific talc market in 2022.
Elementis Plc, Golcha Minerals Pvt Ltd, Imerys SA, IMI Fabi SpA, Liaoning Aihai Talc Co Ltd, Minerals Technologies Inc, Nippon Talc Co Ltd, SCR-Sibelco NV, and Sun Minerals Pvt Ltd are some of the leading companies operating in the Asia Pacific talc market.

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At 5.8% CAGR, Asia Pacific Talc Market is Speculated to be Worth US$ 1,470.84 Million by 2030, says the Research Team

According to the Research Team research, the Asia Pacific talc market was valued at US$ 940.38 million in 2022 and is expected to reach US$ 1,470.84 million by 2030, registering a CAGR of 5.8% from 2022 to 2030. Growth of ceramics industry and increasing demand from various end-use industries are among the critical factors attributed to the Asia Pacific talc market expansion.

Talc is a core additive for all types of ceramics as it helps improve the vitrification process. It also assists in reducing firing temperatures and shortening firing cycles. Since talc has a high-temperature resistance, it improves the thermal shock resistance of ceramics and reduces fractures. Further, the growing demand for smartphones, tablets, and other electronic items that are used daily is predicted to propel the size of the worldwide electronics ceramics market to about US$16 billion by 2026. Ceramics have good heat conductivity and chemical erosion resistance, which makes them a popular choice for the “package” of integrated circuits or microchips. Together, China and India account for almost 60% of global ceramic tile manufacturing and nearly all global consumption. Presently, India is the world’s second-largest producer of ceramic tiles (2.5 billion sqm) and its third-largest exporter (half a billion sqm shipped).Further, the technical ceramics market in China is showing rapid growth due to the expanding electronics market in the country. Thus, the growing ceramics industry is expected to boost talc usage, which would offer lucrative opportunities for the talc market during the forecast period.

On the contrary, health concerns related to usage of talc hampers the growth of Asia Pacific talc market.

Based on type, the Asia Pacific talc market is bifurcated into talc chlorite and talc carbonate. The talc carbonate segment held 57.9% share of Asia Pacific talc market in 2022, amassing US$ 544.95 million. It is projected to garner US$ 862.89 million by 2030 to expand at 5.9% CAGR during 2022-2030.

In terms of application, the Asia Pacific talc market is categorized into plastics, pulp and paper, ceramics, paints and coatings, rubber, pharmaceuticals, food, and others. The pulp and paper segment held 35.4% share of Asia Pacific talc market in 2022, amassing US$ 332.87 million. It is projected to garner US$ 535.43 million by 2030 to expand at 6.1% CAGR during 2022-2030.

By country, the Asia Pacific talc market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 45.1% share of Asia Pacific talc market in 2022. It was assessed at US$ 424.15 million in 2022 and is likely to hit US$ 686.21 million by 2030, exhibiting a CAGR of 6.2% during 2022-2030.

Key players operating in the Asia Pacific talc market are Elementis Plc, Golcha Minerals Pvt Ltd, Imerys SA, IMI Fabi SpA, Liaoning Aihai Talc Co Ltd, Minerals Technologies Inc, Nippon Talc Co Ltd, SCR-Sibelco NV, and Sun Minerals Pvt Ltd, among others.

In September 2022, Imerys SA entered the exclusive negotiations with Syntagma Capital for the potential sale of most of its assets producing kaolin, ground calcium carbonate (“GCC”), precipitated calcium carbonate (“PCC”) and talc, which primarily serve the paper markets.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific talc market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific talc market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution

TABLE OF CONTENTS

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Talc Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Mining:
4.3.3 Processing and Grinding
4.3.4 Product Distribution or Supply
4.3.5 End-Use Industries
5. Asia Pacific Talc Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Use of Talc in Paper & Pulp Industry
5.1.2 Increasing Demand from Various End-Use Industries
5.2 Market Restraints
5.2.1 Health Concerns Related to Usage of Talc
5.3 Market Opportunities
5.3.1 Growth of Ceramics Industry
5.4 Future Trends
5.4.1 Growing Demand for Plastics in Automotive Industry
5.5 Impact Analysis
6. Talc Market – Asia Pacific Market Analysis
6.1 Asia Pacific Talc Market Revenue (US$ Million)
6.2 Asia Pacific Talc Market Volume (Kilo tons)
6.3 Asia Pacific Talc Market Forecast and Analysis
7. Asia Pacific Talc Market Analysis – Type
7.1 Talc Chlorite
7.1.1 Overview
7.1.2 Talc Chlorite Market Revenue and Forecast to 2030 (US$ Million)
7.1.3 Talc Chlorite Market Volume and Forecast to 2030 (Kilo tons)
7.2 Talc Carbonate
7.2.1 Overview
7.2.2 Talc Carbonate Market Revenue and Forecast to 2030 (US$ Million)
7.2.3 Talc Carbonate Market Volume and Forecast to 2030 (Kilo tons)
8. Asia Pacific Talc Market Analysis – Application
8.1 Plastics
8.1.1 Overview
8.1.2 Plastics Market Revenue and Forecast to 2030 (US$ Million)
8.2 Pulp and Paper
8.2.1 Overview
8.2.2 Pulp and Paper Market Revenue and Forecast to 2030 (US$ Million)
8.3 Ceramics
8.3.1 Overview
8.3.2 Ceramics Market Revenue and Forecast to 2030 (US$ Million)
8.4 Paints and Coatings
8.4.1 Overview
8.4.2 Paints and Coatings Market Revenue and Forecast to 2030 (US$ Million)
8.5 Rubber
8.5.1 Overview
8.5.2 Rubber Market Revenue and Forecast to 2030 (US$ Million)
8.6 Pharmaceuticals
8.6.1 Overview
8.5.2 Pharmaceuticals Market Revenue and Forecast to 2030 (US$ Million)
8.6 Food
8.6.1 Overview
8.6.2 Food Market Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others Market Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Talc Market – Country Analysis
9.1 Asia Pacific Talc Market
9.1.1 Overview
9.1.2 Asia Pacific Talc Market, By Key Country – Revenue 2022 (US$ Million)
9.1.3 Asia Pacific Talc Market Breakdown by Country
9.1.3.1 Asia Pacific Talc Market Breakdown by Country
9.1.3.2 Australia Talc Market Revenue and Forecasts to 2030 (US$ Million)
9.1.3.3 Australia Talc Market Volume and Forecasts to 2030 (Kilo tons)
9.1.3.3.1 Australia Talc Market Breakdown by Type
9.1.3.3.2 Australia Talc Market Breakdown by Application
9.1.3.4 China Talc Market Revenue and Forecasts to 2030 (US$ Million)
9.1.3.5 China Talc Market Volume and Forecasts to 2030 (Kilo tons)
9.1.3.5.1 China Talc Market Breakdown by Type
9.1.3.5.2 China Talc Market Breakdown by Application
9.1.3.6 India Talc Market Revenue and Forecasts to 2030 (US$ Million)
9.1.3.7 India Talc Market Volume and Forecasts to 2030 (Kilo tons)
9.1.3.7.1 India Talc Market Breakdown by Type
9.1.3.7.2 India Talc Market Breakdown by Application
9.1.3.8 Japan Talc Market Revenue and Forecasts to 2030 (US$ Million)
9.1.3.9 Japan Talc Market Volume and Forecasts to 2030 (Kilo tons)
9.1.3.9.1 Japan Talc Market Breakdown by Type
9.1.3.9.2 Japan Talc Market Breakdown by Application
9.1.3.10 South Korea Talc Market Revenue and Forecasts to 2030 (US$ Million)
9.1.3.11 South Korea Talc Market Volume and Forecasts to 2030 (Kilo tons)
9.1.3.11.1 South Korea Talc Market Breakdown by Type
9.1.3.11.2 South Korea Talc Market Breakdown by Application
9.1.3.12 Rest of Asia Pacific Talc Market Revenue and Forecasts to 2030 (US$ Million)
9.1.3.13 Rest of Asia Pacific Talc Market Volume and Forecasts to 2030 (Kilo tons)
9.1.3.13.1 Rest of Asia Pacific Talc Market Breakdown by Type
9.1.3.13.2 Rest of Asia Pacific Talc Market Breakdown by Application
10. Industry Landscape
10.1 Overview
10.2 Merger and Acquisition
10.3 Other Business Strategies
11. Company Profiles
11.1 Elementis Plc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Golcha Minerals Pvt Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Imerys SA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 IMI Fabi SpA
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Liaoning Aihai Talc Co Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Minerals Technologies Inc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Nippon Talc Co Ltd
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 SCR-Sibelco NV
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Sun Minerals Pvt Ltd
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix

LIST OF TABLES

Table 1. Asia Pacific Talc Market Segmentation
Table 2. Asia Pacific Talc Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Asia Pacific Talc Market Volume and Forecasts to 2030 (Kilo tons)
Table 4. Asia Pacific Talc Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 5. Asia Pacific Talc Market Volume and Forecasts to 2030 (Kilo tons) – Type
Table 6. Asia Pacific Talc Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 7. Australia Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 8. Australia Talc Market Volume and Forecasts to 2030 (Kilo tons) – By Type
Table 9. Australia Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 10. China Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 11. China Talc Market Volume and Forecasts to 2030 (Kilo tons) – By Type
Table 12. China Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 13. India Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 14. India Talc Market Volume and Forecasts to 2030 (Kilo tons) – By Type
Table 15. India Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 16. Japan Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 17. Japan Talc Market Volume and Forecasts to 2030 (Kilo tons) – By Type
Table 18. Japan Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 19. South Korea Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 20. South Korea Talc Market Volume and Forecasts to 2030 (Kilo tons) – By Type
Table 21. South Korea Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 22. Rest of Asia Pacific Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 23. Rest of Asia Pacific Talc Market Volume and Forecasts to 2030 (Kilo tons) – By Type
Table 24. Rest of Asia Pacific Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Application
 

LIST OF FIGURES

Figure 1. Asia Pacific Talc Market Segmentation, By Country
Figure 2. Talc Market – Porter’s Five Forces Analysis
Figure 3. Ecosystem: Asia Pacific Talc Market
Figure 4. Market Dynamics: Asia Pacific Talc Market
Figure 5. Asia Pacific Talc Market Impact Analysis of Drivers and Restraints
Figure 6. Asia Pacific Talc Market Revenue (US$ Million), 2020 – 2030
Figure 7. Asia Pacific Talc Market Volume (Kilo tons), 2020 – 2030
Figure 8. Asia Pacific Talc Market Share (%) – Type, 2022 and 2030
Figure 9. Talc Chlorite Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Talc Chlorite Market Volume and Forecasts to 2030 (Kilo tons)
Figure 11. Talc Carbonate Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Talc Carbonate Market Volume and Forecasts to 2030 (Kilo tons)
Figure 13. Asia Pacific Talc Market Share (%) – Application, 2022 and 2030
Figure 14. Plastics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Pulp and Paper Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Ceramics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Paints and Coatings Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Rubber Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Pharmaceuticals Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Food Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Asia Pacific Talc Market, By Key Country – Revenue 2022 (US$ Million)
Figure 23. Asia Pacific Talc Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 24. Australia Talc Market Revenue and Forecasts to 2030 (US$ Million)
Figure 25. Australia Talc Market Volume and Forecasts to 2030 (Kilo tons)
Figure 26. China Talc Market Revenue and Forecasts to 2030 (US$ Million)
Figure 27. China Talc Market Volume and Forecasts to 2030 (Kilo tons)
Figure 28. India Talc Market Revenue and Forecasts to 2030 (US$ Million)
Figure 29. India Talc Market Volume and Forecasts to 2030 (Kilo tons)
Figure 30. Japan Talc Market Revenue and Forecasts to 2030 (US$ Million)
Figure 31. Japan Talc Market Volume and Forecasts to 2030 (Kilo tons)
Figure 32. South Korea Talc Market Revenue and Forecasts to 2030 (US$ Million)
Figure 33. South Korea Talc Market Volume and Forecasts to 2030 (Kilo tons)
Figure 34. Rest of Asia Pacific Talc Market Revenue and Forecasts to 2030 (US$ Million)
Figure 35. Rest of Asia Pacific Talc Market Volume and Forecasts to 2030 (Kilo tons)
 

1. Elementis Plc
2. Golcha Minerals Pvt Ltd
3. Imerys SA
4. IMI Fabi SpA
5. Liaoning Aihai Talc Co Ltd
6. Minerals Technologies Inc
7. Nippon Talc Co Ltd
8. SCR-Sibelco NV
9. Sun Minerals Pvt Ltd

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