The talc market is estimated to be USD 2.68 billion in 2018 and is projected to reach USD 3.35 billion by 2023, at a CAGR of 4.6% from 2018 to 2023. Growth of the market can be attributed to the rising demand for talc-reinforced polypropylene from the automotive industry, as automotive components made using talc-reinforced polypropylene reduce the weight of vehicles.
Imerys (France), Mondo Minerals (Netherlands), Minerals Technologies (US), IMI Fabi (Italy), and Golcha Minerals (India) are recognized as leaders in the talc market. These companies are focused on broadening their product portfolios to compete with other key market players.
Imerys is a world leader in the production and processing of industrial minerals. The company transforms a large variety of minerals into high-value specialty products using sophisticated technical processes. The company’s solutions contribute to a large number of applications and mainly address 4 types of uses, including functional additives, mineral components, process enablers, and finished products. Imerys operates through 4 segments, namely, energy solutions & specialties, filtration & performance additives, ceramic materials, and high resistance minerals.
In February 2016, Imerys launched a new product, Nicron 674C talc, for the plastic compounding industry. This launch has helped the company expand its talc portfolio for Polypropylene (PP) and Thermoplastic Olefin (TPO) polymer compounds. In October 2015, Imerys launched JetWhite 7C for engineered polymers. JetWhite 7C improves compounders’ overall operating efficiencies and maximizes outputs. In September 2015, Imerys launched Mistron HAR talc for the tire and industrial rubber markets. This product is the world’s first high aspect ratio talc that greatly expands the performance of engineered polymers. In March 2014, Imerys launched the Mistrogard product range for industrial coating applications and putties.
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Mondo Minerals is the world’s second-largest talc producer. The company owns talc mines and operates highly efficient factories in Finland and the Netherlands. The company produces brands, such as Finntalc, Plustalc, and Microtalc. These 3 product lines comprise highly specialized, valuable additives for paper, paints & coatings, plastics, cordierite ceramics, consumables, personal care, and pharmaceutical products.
In April 2016, Mondo Minerals launched a new grade of Mondana. Mondana is a 100% natural, pure and ultra-fine talc. It is colorless and unperfumed. This launch has helped the company in expanding its talc product portfolio for cosmetic applications.
In April 2014, Mondo Minerals announced the launch of a new line of talc products for the polyolefin markets. The new products are marketed under the ULTRATALC and MICROTALC trademarks and are commercially available from mid-2014. In January 2012, Mondo Minerals announced the launch of 2 new antiblock blends, OPTIBLOC 8 and OPTIBLOC 325 talc, for film and bag applications.
Talc Market by Deposit Type (Talc Carbonate, Talc Chlorite), End-use Industry (Plastics, Pulp & Paper, Ceramics, Paints & Coatings, Cosmetics & Personal Care, Pharmaceuticals, Food), and Region (Asia Pacific, North America) - Global Forecast to 2023
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