Europe Talc Market Forecast to 2030 - Regional Analysis - by Deposit Type (Talc Chlorite and Talc Carbonate) and End-Use Industry (Plastics, Pulp & Paper, Ceramics, Paints & Coatings, Rubber, Pharmaceuticals, Food, and Others)

The Europe talc market is expected to grow from US$ 411.22 million in 2022 to US$ 602.74 million by 2030. It is estimated to grow at a CAGR of 4.9% from 2022 to 2030.

Growth of Ceramics Industry Drives Europe Talc Market

Talc is a core additive for all types of ceramics as it helps improve the vitrification process. It also assists in reducing firing temperatures and shortening firing cycles. Since talc has a high-temperature resistance, it improves the thermal shock resistance of ceramics and reduces fractures. Further, the growing demand for smartphones, tablets, and other electronic items that are used daily is predicted to propel the size of the worldwide electronics ceramics market to about US$16 billion by 2026. Ceramics have good heat conductivity and chemical erosion resistance, which makes them a popular choice for the"package" of integrated circuits or microchips. In Europe, the ceramic sector is one of the strongest industrial sectors. Italy, Germany, Spain, France, the UK, Portugal, and Austria are among the major countries in Europe with a strong ceramics manufacturing sector. The countries export their products to different countries across the world. Thus, the growing ceramics industry is expected to boost talc usage, which would offer lucrative opportunities for the talc market during the forecast period.

Europe Talc Market Overview

Germany, France, Italy, the UK, and Russia are the main countries in the talc market in Europe. According to the IMA-Europe aisbl, Europe's talc production has increased along with the rise in living standards, per capita income, and technology. Economic development in the region has also led to rapid urbanization. The region's talc market is driven by automotive, construction, paints & coatings, ceramics, and pulp & paper industries. This growth ensues from rising investments in the construction industry and infrastructural developments in other industries. According to the FIEC - European Construction Industry Federation, investment in nonpresidential construction, such as the construction of offices, hospitals, hotels, schools, and industrial buildings, experienced an increase of 2.6% in 2021 compared to 2020.

Furthermore, according to the International Organization of Motor Vehicle Manufacturers (OICA), total vehicle production in European Union was 13.09 million units in 2021. Talc is usually used to modify several polymeric matrices used in automobile production. The expanding automotive market is propelling the demand for talc.

Europe Talc Market Segmentation

The Europe talc market is segmented into type, application, and country.

Based on type, the Europe talc market is bifurcated into talc chlorite and talc carbonate. The talc carbonate segment held a larger share of the Europe talc market in 2022.

In terms of application, the Europe talc market is segmented into plastics, pulp and paper, ceramics, paints and coatings, rubber, pharmaceuticals, food, and others. The pulp and paper segment held the largest share of the Europe talc market in 2022.

By country, the Europe talc market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe talc market in 2022.

Elementis Plc, Golcha Minerals Pvt Ltd, Imerys SA, IMI Fabi SpA, Liaoning Aihai Talc Co Ltd, Minerals Technologies Inc, Nippon Talc Co Lt, and SCR-Sibelco NV are some of the leading companies operating in the Europe talc market.