Global Talc Market – Market Size and Dynamics According to the analysts at MarketIntelReports“ The worldwide talc market is estimated to cross US $ 1.6 billion by 2022, growing at a CAGR closed to 4.6 %”. Talc is one of the most prominently used mineral fillers due to its relatively easier availability, high performance-to-cost ratio, and the wide usage in various end-user applications. The mineral, which is widely recognized for keeping skin dry and as an extender for various plastic composites, has gained demand in the past few decades. The worldwide demand for talc is estimated to reach approx. 7.33 million ton by 2022, growing at a CAGR of 2.9 %. A satisfactory description of the various deposit types and end user segment is provided in the research report. Over the past decade, the consumption of talc in end uses pertaining to plastics and personal care flourished while the same has witnessed a sluggish growth in segments related to ceramics and roofing.
This market research report includes a detailed analysis of the pricing factors. Prices of talc during the forecast period are expected to rise by as much as 10 % due to the robust demand from the APAC and MEA markets. While, the price is forecasted to rise over the forecast period, the same is expected to face headwinds over the forthcoming two years because of higher inventory of steatite and subdued prices of its substitutes, particularly calcium carbonate.