Super Fine Talc Powder Market REPORT OVERVIEW
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The global super fine talc powder market size was USD 332 million in 2021 and market is projected to touch USD 571 million in 2031, at a CAGR of 5.57% during the forecast period.
The term "super fine talc powder" refers to powder with a single particle size and a distinct gritty texture. It is composed of incredibly small-diameter particles. Talc is a silicate mineral that is extracted from the Earth's crustal rock formations. By crushing, drying, and milling talc into a fine, supple, and white powder, talcum powder is created. The powder lubricates while also giving goods a softness and shine. This is frequently used as a filler for foods, cosmetics, and medicines for a variety of reasons, including controlling the release of substances or offering unique qualities.
Baby powders, cosmetics, deodorants, ceramics, and paint frequently contain the soft, naturally occurring mineral talc. A combination that efficiently absorbs moisture in this area includes the previously listed elements in addition to them. As a result, rashes can be avoided and the skin around the diaper area can be kept dry. Its main function is to absorb moisture and give the skin a silky feel. Additionally, talc is utilized in the production of pharmaceuticals, meals, and vitamins. The demand for food and medicines is rising, and consumer awareness of food safety requirements is rising. These are the main reasons propelling the growth of the world’s super fine talc powder market. A significant application segment, paper consumption will increase as the population grows.
COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth
The COVID-19-led global economic slump is predicted to cause a drop in the super fine talc powder industry in 2020. Due to supply chain interruptions, a decline in sales, and the closing of several enterprises in several industries over the past few months, the pandemic has slowed demand for goods in many sectors. The choice of consumers has changed in favor of significant life events like delivery and marriage due to factors like unemployment and financial uncertainty. However, the super fine talc powder market will begin to rebound in 2021.
LATEST TRENDS
"Rise in Need for Specialized Micronized Grade Talc to Boost Market Growth"
The need for specialized micronized grade talc is on the rise, as is the use of plastic in the automotive sector for items like seat backrests and seat pans. These new developments have direct bearing on the super fine talc powder market. New trends include a rise in demand for specialty micronized grade talc, which has an immediate effect on the dynamics of the super fine talc powder market. Global super fine talc powder market demand is being driven by an increase in the demand for eye-catching paints and coatings for electrical and electronic components, car parts, and sophisticated coating in building and construction. Furthermore, it has been demonstrated that the aforementioned sector is dominated by effective chemical and physical properties following installation.
Super Fine Talc Powder Market Segmentation
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- By Type Analysis
As per the type, the market is classified as follows: Industrial Grade Super Fine Talc Powder, Cosmetic Grade Super Fine Talc Powder, and Food and Pharmaceutical Grade Super Fine Talc Powder Pharmaceutical Grade is advantageous in medical or veterinary settings because of its significant greater level of purity than industrial grades. Therefore, the pharmaceutical segment dominated the super fine talc powder market share.
- By Application Analysis
Based on application, the market is segmented as follows: Used in Plastics and Rubber, Used in Coatings and Painting, Paper, Food, Pharmaceuticals, and Cosmetics. In 2021, the paper-grade market sector generated the most revenue. So, the paper segment leads the super fine talc powder market share.
DRIVING FACTORS
"Development in the Automobile and Other Industries to Facilitate Market Development"
It is widely accepted as a polymer stabilizer to enhance its performance, significant growth in building and construction, and enormous development in the automobile, and other industries will increase the demand for super fine talc powder, contributing to the growth of the super fine talc powder market globally. Due to its qualities, such as resistance to the adsorption of grease, acid, heat, moisture, oil, and moisture, the product is generating a lot of interest. As a result, it is being widely used to improve the impact resistance, toughness, thermal conductivity, and chemical resistance of materials used in a variety of end-use industries.
"Expansion of Healthcare and Cosmetics Sectors to Promote Industry Progress"
The primary factors fueling the super fine talc powder market in terms of volume and value throughout the anticipated period are a number of ongoing expansions in the healthcare and cosmetics sectors. The super fine talc powder market is projected to grow as a result of the availability of raw materials and various applications from the end-user sector. On the other hand, the polymers and plastic industry is being drawn to invest in the superfine talc market, which is also thought to be a key growth factor, as a result of the enormous demand for plastic and related products in numerous emerging sectors like food, cosmetic, and medicine packaging products, as these products offer excellent quality, safety, and long product lives.
RESTRAINING FACTORS
"Chances of Having Health Issues to Hinder Market Growth"
Talcum powder manufacturers and makers assert that the finely ground mineral used in cosmetics is secure. However, some research has linked the use of talcum powder to cancers like mesothelioma and ovarian cancer. Despite not being linked to cancer, talc in cosmetics has been linked to several other health problems. It could be more difficult to breathe if face powder is inhaled. These elements are anticipated to limit the super fine talc powder market's revenue growth to some extent. When compared to alternative goods that provide comparable benefits but at cheaper prices, this product's high cost has limited its adoption. Consumers are turning to cosmetic-grade talcum powder since it doesn't include any of the hazardous compounds or asbestos fibers found in industrial-grade talcum powders as they become more aware of health issues like childhood asthma.
Super Fine Talc Powder Market REGIONAL INSIGHTS
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"Increase in Demand to Propel Market Progress in North America"
The North American super fine talc powder market is anticipated to have the highest CAGR during the projected period. The growing demand for talc from the paint and coatings sector and high levels of end-use spending on cosmetics are the main drivers of the super fine talc powder market growth in this region. Due to increasing investments from downstream businesses including the pharmaceutical and food and beverage sectors, North America is expected to hold a sizeable super fine talc powder market share. North America is expected to be a more stable region than other regions due to expanding industrialization activities which will encourage investment in factories that heavily employ talc powder.
KEY MARKET PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- IMI FABI (Italy)
- Guiguang Talc (China)
- Xilolite (Brazil)
- Beihai Group (China)
- Pingdu Talc Mine Industrial (China)
- Haicheng Jinghua Mineral (China)
- Imerys (U.S.)
- Haicheng Chintalc Technologies New Materials (China)
- Liaoning Qian He Talc (China)
- Laizhou Talc Industry (China)
- Golcha Associated (India)
- Guangxi Longguang Talc (China)
- American Talc (U.S.)
- Longsheng Huamei Talc(China)
- Haicheng Xinda Mining (China)
- Liaoning Dongyu Chemical and Mining Industry (China)
- Mondo Minerals (Netherlands)
- Hayashi-Kasei (Japan)
- Liaoning Aihai Talc (China)
- Specialty Minerals(U.S.)
- Minerals Technologies Inc. (U.S.)
REPORT COVERAGE
The report covers overall market aspects, including market segmentation based on its type and application. The report depicts a diverse group of participants, including the market and potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 332 Million in 2021 |
Market Size Value By |
US$ 571 Million by 2031 |
Growth Rate |
CAGR of 5.57% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the super fine talc powder market expected to touch by 2031?
Based on our research, the super fine talc powder market is projected to touch USD 571 million by 2031.
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What CAGR is the super fine talc powder market expected to exhibit by 2031?
The super fine talc powder market is expected to exhibit a CAGR of 5.57% by 2031.
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What are the driving factors of the super fine talc powder market?
The development in the automobile and other industries and the expansion of the healthcare and cosmetics sectors are the driving factors of the super fine talc powder market.
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Which are the top companies operating in the super fine talc powder market?
IMI FABI(IT), Guiguang Talc(CN), Xilolite(BR), Beihai Group(CN), Pingdu Talc Mine Industrial(CN), Haicheng Jinghua Mineral(CN), Imerys(US), Haicheng Chintalc Technologies New Materials(CN), Liaoning Qian He Talc(CN), Laizhou Talc Industry(CN), Golcha Associated(IN), Guangxi Longguang Talc(CN), American Talc(US), Longsheng Huamei Talc(CN), Haicheng Xinda Mining(CN), Liaoning Dongyu Chemical and Mining Industry(CN), Mondo Minerals(NL), Hayashi-Kasei(JP), Liaoning Aihai Talc(CN), Specialty Minerals(US), and Minerals Technologies Inc. are the top companies operating in the super fine talc powder market.