HOME › Research Insight › Key Players Operational in the Talc Market is focusing on New Product Launches, Expansions, Acquisitions, and Agreements to cater to the Increasing Demands across Various Industry Verticals
Key Players Operational in the Talc Market is focusing on New Product Launches, Expansions, Acquisitions, and Agreements to cater to the Increasing Demands across Various Industry Verticals
The global talc market was valued at USD 2.46 billion in 2015 and is projected to reach USD 3.29 Billion by 2021, at a CAGR of 4.9% from 2016 to 2021. This growth can be attributed to the increasing demand for talc reinforced polypropylene automotive parts from the automotive industry. Imerys SA (France), Mondo Minerals (Netherlands), Minerals Technologies Inc. (U.S.), IMI FABI Talc Company (Italy), American Talc Company (U.S.), Golcha Minerals (India) Pvt. Ltd., Magnesita Refratarios SA (Brazil), Nippon Talc Co., Ltd. (Japan), Liaoning Aihai Talc Company Limited (China), and Guangxi Longsheng Huamei Talc Development Co., Ltd. (China) are some of the leading players in this market.
The key players operational in the talc market are focusing on new product launches, expansions, acquisitions, and agreements to cater to the increasing demands across various industry verticals. Imerys SA, Mondo Minerals, Minerals Technologies Inc., American Talc Company, and IMI FABI Talc Company reported the highest number of developments in the global talc market between 2011 and 2016.
Imerys SA is one of the leading manufacturers of talc globally. The company is focused on maintaining its position in the talc market through strategies such as new product launches and expansions. For example, Imerys SA launched a new product, Nicron 674C talc for the plastic compounding industry in 2016. This launch has helped the company expand its talc portfolio for polypropylene (PP) and thermoplastic olefin (TPO) polymer compounds. The company also launched products such as JetWhite 7C, Mistron HAR, and Jetfine 3CW in 2015. This helped the company to enhance its product portfolio and maintain its position in the market.
Mondo Minerals is another key player in the talc market and has a presence in several regions across the globe. Mondo Minerals offers economical as well as environment-friendly and cost-efficient products and services to help customers in meeting environmental standards. The company focuses on the new product launches strategy to maintain its position in the market. For example, the company launched a new grade of Mondana. Mondana is a 100% natural, pure, and ultra-fine talc. It is colorless and unperfumed. The company also launched FINNTALC M15SL, which is a purified, platy talc that is used as an ideal extender for interior and exterior decorative paints. These launches have helped the company in expanding its talc product portfolio for the cosmetics and paints & coatings applications.
Talc Market by Type of Deposit (Talc Chlorite, Talc Carbonate), Application (Paper & Pulp, Cosmetics, Plastics, Ceramics, Paints & Coatings, Pharmaceuticals, and Food) and Region - Global Forecast to 2021
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