The Europe talc market is anticipated to grow at a substantial CAGR of 3.3% during the forecast period. Europe is one of the largest and wealthiest economies. The region has world-class manufacturing industries such as automobiles and construction. Europe has grown rapidly in terms of per capita income, living standards, and technology. Economic development in the region has also led to rapid urbanization. The market for talc in the region will be driven by automotive, construction, paints & coatings, ceramics, and pulp & paper.
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This growth ensues from rising investments in the construction industry and infrastructural developments in other general industries. The key markets for talc in 2020 were the UK, France, Italy, Russia, Austria, and Norway. However, some of the potential markets over the next five years include countries such as the Netherlands, Denmark, Russia, and Portugal due to rapid infrastructural development.
The European 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. In the construction industry, talc is used in the production of cement and in roofing materials. Since talc is hydrophobic, it is used in the production of cement to blend or disperse polymers › In roofing materials, talc is added to asphaltic materials to make roofing materials more weather resistant. Talc is also sprinkled on roll roofing and shingles to prevent sticking. The construction industry in Europe is expanding significantly, thus the segment is expected to record substantial growth over the forecast period.
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Europe Talc Market Segmentation
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
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
