Asia-Pacific talc market is anticipated to grow at a healthy CAGR of 3.8% during the forecast period. Asia-Pacific accounted for the largest market for talc. Countries that largely contribute to the talc market in the region are China, India, and Pakistan. Asia-Pacific hosts one of the most robust manufacturing and other crucial industries, including plastics, construction, paints & coatings, ceramics industry, pulp & paper, and pharmaceutical. The consumption of talc in Asia-Pacific is high due to the enormous population and their increasing disposable incomes. While the developed markets in Europe and North America are unable to keep pace with the emerging markets in Asia-Pacific, these markets are growing both in terms of consumption and purchasing power. For instance, China is expected to add 400 million consumers whose annual income is more than $8,000. Similarly, India is expected to add 60 million households with an annual income of more than $6,000 by 2021. Higher disposable incomes mean not only higher consumption but also imply a growing preference for differentiated and value-added products.
The Asia-Pacific talc market is segmented based on the deposits and end-user. Based on deposits, the market is sub-segmented into talc carbonates, talc chlorites, and others. Based on end-user, the market is segmented into ceramics, construction, cosmetics and personal care, paints and coatings, pharmaceuticals, plastics, pulp and paper, and others. Owing to the properties of talc such as softness, lamellar, resistivity to heat, and stiffness, it is used in various industries. Talc is a mineral substance used in cosmetics and personal care products. It is added to absorb moisture, smooth, or soften products, prevent caking, and make makeup opaque. However, in the long term, the usage of talc in the cosmetics & personal care industry is expected to decrease owing to rising cases of ovarian cancer. Major companies such as L’oreal, Revlon, and Chanel have stopped using talc in their cosmetics.
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Market Coverage
- Market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
- Segment Covered- by Deposits and End-user
- Countries Covered- China, India, Japan, South Korea, and Rest of Asia-Pacific
Asia-Pacific Talc Market Report Segment
By Deposits
- Talc Carbonates
- Talc Chlorites
- Others
By End-user
- Ceramics
- Construction
- Cosmetics and Personal Care
- Paints and Coatings
- Pharmaceuticals
- Plastics
- Pulp and Paper
- Others
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Asia-Pacific Talc Market Report Segment
- China
- Japan
- India
- South Korea
Rest of Asia-Pacific
Company Profiles
- AIHAI MINERALS EUROPE GMBH
- ANAND TALC
- First Source Worldwide
- Golcha Group
- Guangxi Longsheng Huamei Talc Development Co., Ltd.
- Haichen Minchem Co., Ltd.
- IMI FABI S.p.A.
- Liaoning Beihai Industry (Group) Co., Ltd.
- Minerals Technologies Inc.
- Rockleigh Industries Inc
- SKKU
- Xilolite
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