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)
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.
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.
1. INTRODUCTION
1.1 The Insight Partners 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
1.1 The Insight Partners 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
