North America Talc Market Forecast to 2030
North America 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
Growing Demand for Plastics in Automotive Industry Fuels North America Talc Market
As per data by the Organisation Internationale des Constructeurs d’Automobiles (OICA), the global car and vehicle production reached over 85 million in 2022, indicating a 6% increase from the previous year. Countries in North America recorded production of over 13.4 million commercial and passenger vehicles in 2021, which increased by 10% rate and registered production of around 14.7 million in 2022. Numerous companies operating in the automotive market are investing heavily in automobile manufacturing to increase production and sales. Further, in January 2021, the US President announced the plan to strengthen the US manufacturing sector under the “Made in America” initiative, which focused on making the manufacturing sector technologically advanced and automated. He announced an investment of US$ 300 billion for the R&D and inclusion of advanced technologies to boost the country’s production output, focusing on electric vehicle production. In September 2022, the President announced the plan to achieve a target of electric vehicles accounting for a 50% share of the total vehicles sold by 2030. To meet the target, companies such as Honda, Toyota, General Motors, Ford Motor Company, and Panasonic announced investments in manufacturing in North Carolina, Missouri, Michigan, Kansas, Ohio, and elsewhere. Growing initiatives by the government and rising investments in the manufacturing of electric vehicles are generating the demand for automotive seats and fueling the automotive seat market in North America. Plastics have improved the performance, structure, and safety of automobiles. Plastic use helps reduce the weight of vehicle parts, which increases fuel efficiency and lowers greenhouse gas emissions. Spurred by rigorous regulations, especially regarding fuel efficiency, plastics are key material in manufacturing and designing automotive vehicles. Materials such as polypropylene (PP) and other engineering thermoplastics are extensively used for automotive interiors, exteriors, and under-the-hood applications and replacing the usage of metal parts. Talc is added to polypropylene to enhance its performance and durability. Vehicle’s interior parts such as instrument panels, door panels, pillar covers, seat backs, consoles, and headliners are commonly made of talc-filled polypropylene. Thus, the increasing investments by major automobile manufacturers and surging production of automotive vehicles would propel the demand for automotive plastics, which is expected to boost the talc market growth during the forecast period.
North America Talc Market Overview
The US, Canada, and Mexico are the key economies in North America. Plastics, paints & coatings, ceramics, pharmaceuticals, rubber, food, and packaging are the major end use industries driving the talc market in North America. According to the Government of Canada, North America produces goods and services valued at more than US$ 23 trillion every year. Furthermore, the construction sector in North America is rapidly developing due to a robust economy and increased federal and state financing for public works and institutional structures. Rapid development and urbanization are also driving the demand for ceramics and paints and coatings in North America. North America’s construction industry is a major contributor to the region’s economy. According to the Associated General Contractors of America (AGC), the US construction industry annually creates US$ 1.4 trillion worth of structures. The rise in construction activities owing to the increasing population and rapidly growing commercial sector across the region is driving the construction sector in North America. These factors are propelling the growth of the talc market in North America. The US, Canada, and Mexico are the key economies in North America. Many domestic and international corporations, such as Imerys SA and IMI FABI, have a substantial presence in North America. Manufacturers in the area are investing heavily in talc research and development, mining, milling technologies, and product development, fuelling the market growth.
North America Talc Market Revenue and Forecast to 2030 (US$ Million)
North America Talc Market Segmentation
The North America talc market is segmented into type, application, and country .
Based on type, the North America talc market is bifurcated into talc chlorite and talc carbonate. The talc carbonate segment held a larger share of the North America talc market in 2022.
In terms of application , the North America talc market is segmented into plastics, pulp and paper, ceramics, paints and coatings, rubber, pharmaceuticals, food, and others . The ceramics segment held the largest share of the North America talc market in 2022.
Based on country, the North America talc market is segmented into the US, Canada, and Mexico. The US dominated the North America talc market in 2022.
Elementis Plc, Golcha Minerals Pvt Ltd, Imerys SA, Liaoning Aihai Talc Co Ltd, Minerals Technologies Inc, and SCR-Sibelco NV are some of the leading companies operating in the North America talc market.
Summary Info
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According to the Research Team research, the North America talc market was valued at US$ 211.23 million in 2022 and is expected to reach US$ 293.24 million by 2030, registering a CAGR of 4.2% from 2022 to 2030 . Growing use of talc in paper & pulp industry and increasing demand from various end-use industries are among the critical factors attributed to the North America talc market expansion.
Talc is commonly used in the pulp & paper industry as a pitch control agent, coating pigment, and functional filler. It helps enhance the runnability of a paper machine. Talc is used to recycle paper and produce new paper, pulp, and cardboard. The properties of talc prevent pitch agglomeration within the production machine. Talc is used as a filler to give smoothness, porosity, and opacity to paper. Also, in paper production, talc use enhances the quality of finished products and reduces production costs. The demand for paper packaging is increasing in various sectors. Quick service restaurants (QSR) and fast-food restaurants are among the largest users of paper packaging products. The paper & pulp industry growth is driven by the increasing use of paper-based packaging due to the rising adoption of e-commerce platforms, especially in developing countries. Moreover, increasing environmental concerns such as global warming and biodegradability and health problems caused by plastic packaging are bolstering the growth of the paper & pulp industry in different regions. As a result, various paper and pulp manufacturers are investing in expanding their production capacities. The growing paper & pulp industry propels the demand for talc, which drives the talc market growth.
On the contrary, health concerns related to usage of talc hampers the growth of North America talc market.
Based on type, the North America talc market is bifurcated into talc chlorite and talc carbonate. The talc carbonate segment held 69.6% share of North America talc market in 2022, amassing US$ 146.95 million. It is projected to garner US$ 205.31 million by 2030 to expand at 4.3% CAGR during 2022–2030.
In terms of application, the North America talc market is segmented into plastics, pulp and paper, ceramics, paints and coatings, rubber, pharmaceuticals, food, and others. The ceramics segment held 21.8% share of North America talc market in 2022, amassing US$ 46.14 million. It is projected to garner US$ 63.80 million by 2030 to expand at 4.1% CAGR during 2022–2030.
By country, the North America talc market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 70.1% share of North America talc market in 2022. It was assessed at US$ 148.05 million in 2022 and is likely to hit US$ 207.77 million by 2030, exhibiting a CAGR of 4.3% during 2022–2030.
Key players operating in the North America talc market are Elementis Plc, Golcha Minerals Pvt Ltd, Imerys SA, Liaoning Aihai Talc Co Ltd, Minerals Technologies Inc, and SCR-Sibelco NV, among others.
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 North America 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 North America 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. North America 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. North America 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 – North America Market Analysis
6.1 North America Talc Market Revenue (US$ Million)
6.2 North America Talc Market Volume (Kilo tons)
6.3 North America Talc Market Forecast and Analysis
7. North America 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. North America 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
8.6.2 Pharmaceuticals Market Revenue and Forecast to 2028 (US$ Million)
8.7 Food
8.7.1 Overview
8.7.2 Food Market Revenue and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others Market Revenue and Forecast to 2030 (US$ Million)
9. North America Talc Market – Country Analysis
9.1 North America
9.1.1 North America Talc Market Overview
9.1.2 North America Talc Market, By Key Country – Revenue 2022 (US$ Million)
9.1.3 North America Talc Market Revenue and Forecasts and Analysis – By Countries
9.1.3.1 North America Talc Market Breakdown by Country
9.1.3.2 US Talc Market Revenue and Forecasts to 2030 (US$ Million)
9.1.3.3 US Talc Market Volume and Forecasts to 2030 (Kilo tons)
9.1.3.3.1 US Talc Market Breakdown by Type
9.1.3.3.2 US Talc Market Breakdown by Application
9.1.3.4 Canada Talc Market Revenue and Forecasts to 2030 (US$ Million)
9.1.3.5 Canada Talc Market Volume and Forecasts to 2030 (Kilo tons)
9.1.3.5.1 Canada Talc Market Breakdown by Type
9.1.3.5.2 Canada Talc Market Breakdown by Application
9.1.3.6 Mexico Talc Market Revenue and Forecasts to 2030 (US$ Million)
9.1.3.7 Mexico Talc Market Volume and Forecasts to 2030 (Kilo tons)
9.1.3.7.1 Mexico Talc Market Breakdown by Type
9.1.3.7.2 Mexico 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 Liaoning Aihai Talc Co Ltd
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 Minerals Technologies Inc
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 SCR-Sibelco NV
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
12. Appendix
LIST OF TABLES
Table 1. North America Talc Market Segmentation
Table 2. North America Talc Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. North America Talc Market Volume and Forecasts to 2030 (Kilo tons)
Table 4. North America Talc Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 5. North America Talc Market Volume and Forecasts to 2030 (Kilo tons) – Type
Table 6. North America Talc Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 7. US Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 8. US Talc Market Volume and Forecasts to 2030 (Kilo tons) – By Type
Table 9. US Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 10. Canada Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 11. Canada Talc Market Volume and Forecasts to 2030 (Kilo tons) – By Type
Table 12. Canada Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Application
Table 13. Mexico Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 14. Mexico Talc Market Volume and Forecasts to 2030 (Kilo tons) – By Type
Table 15. Mexico Talc Market Revenue and Forecasts to 2030 (US$ Million) – By Application
LIST OF FIGURES
Figure 1. North America Talc Market Segmentation, By Country
Figure 2. Talc Market – Porter’s Five Forces Analysis
Figure 3. Ecosystem: North America Talc Market
Figure 4. Market Dynamics: North America Talc Market
Figure 5. North America Talc Market Impact Analysis of Drivers and Restraints
Figure 6. North America Talc Market Revenue (US$ Million), 2020 – 2030
Figure 7. North America Talc Market Volume (Kilo tons), 2020 – 2030
Figure 8. North America 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. North America 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. North America Talc Market By Key Country – Revenue 2022 (US$ Million)
Figure 23. North America Talc Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 24. US Talc Market Revenue and Forecasts to 2030 (US$ Million)
Figure 25. US Talc Market Volume and Forecasts to 2030 (Kilo tons)
Figure 26. Canada Talc Market Revenue and Forecasts to 2030 (US$ Million)
Figure 27. Canada Talc Market Volume and Forecasts to 2030 (Kilo tons)
Figure 28. Mexico Talc Market Revenue and Forecasts to 2030 (US$ Million)
Figure 29. Mexico Talc Market Volume and Forecasts to 2030 (Kilo tons)
The List of Companies – North America Talc Market
1. Elementis Plc
2. Golcha Minerals Pvt Ltd
3. Imerys SA
4. Liaoning Aihai Talc Co Ltd
5. Minerals Technologies Inc
6. SCR-Sibelco NV
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