Talc Market Report 2025

The talc market size has grown rapidly in recent years. It will grow from $10.44 billion in 2024 to $11.63 billion in 2025 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to cosmetics and personal care industry, plastics and polymers manufacturing, paper and pulp industry, ceramics and paints, pharmaceuticals.

The talc market size is expected to see strong growth in the next few years. It will grow to $16.13 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to increasing demand for cosmetics, rising demand for plastics and polymers, growing paper and pulp industry, expanding applications in ceramics and paints, innovations in pharmaceuticals. Major trends in the forecast period include focus on talc in the paper and pulp industry, talc in ceramics and refractories, talc in agriculture for crop protection, shift towards talc alternatives in cosmetics, global regulatory compliance in talc products.

The increasing demand in the paints and coatings industry is expected to drive the growth of the talc market. This demand is fueled by the need for high-performance products that offer enhanced durability, weather resistance, and aesthetic appeal in both residential and commercial applications. Talc improves paint quality by enhancing durability, moisture resistance, and smoothness, making it essential in the construction and automotive sectors where high-quality coatings are crucial. For instance, according to the World Paint and Coatings Industry Association, a Belgium-based international non-profit organization, the global paints and coatings market reached $185.5 billion in 2023, a 3.2% increase from 2022. Thus, rising demand in the paints and coatings industry is set to propel the talc market forward.

Anticipated growth in the pharmaceutical industry is poised to further propel the talc market. The pharmaceutical industry, engaged in the discovery, development, production, and commercialization of drugs and medications, utilizes talc to reduce friction between powder particles during tablet compression. This facilitates the flow of powder particles, ensuring consistent tablet formation and preventing issues such as sticking or capping. In October 2022, Statistics Canada reported a 2.8% increase in sales within the personal and household goods subsector, primarily driven by a 3.9% growth in the pharmaceuticals and pharmacy supplies industry, reaching $6.4 billion. This marked the highest level since January 2022. Hence, the growing pharmaceutical industry is a significant factor driving the talc market.

Leading companies in the talc market are investing in specialized production facilities, such as talc processing plants, to boost productivity and improve commercial outcomes. Talc processing plants are facilities where talc is mined, milled, and refined to produce various grades for industries including cosmetics, plastics, paints, and pharmaceuticals. For example, in November 2023, Imerys S.A., a France-based company specializing in industrial minerals production, inaugurated a new talc processing plant in Wuhu, China. This facility, Imerys’ largest recent investment in the region, is dedicated to producing high-value specialty talcs for the automotive polymers market. It manufactures a range of engineered talcs - such as high aspect ratio, ultrafine, and micro lamellar types, including HAR, Jetfine, and Steamic - designed to enhance the mechanical properties of talc-reinforced plastics used in metal replacement for modern vehicles, alongside the ImerFlex line for downgauging tire inner liners.

Leading companies in the talc market are pursuing strategic partnerships to expand distribution networks. Strategic partnerships involve companies leveraging one another's strengths and resources to achieve shared goals and mutual benefits. For instance, in October 2022, R.E. Carroll, Inc., a U.S.-based distributor of raw materials, broadened its product range by introducing a new line of talc products through a partnership with Specialty Minerals Inc. (SMI), a U.S.-based producer of high-performance minerals, including talc. This collaboration aims to enhance R.E. Carroll's capabilities in delivering specialty mineral solutions. The new talc line is intended to meet rising demand for high-performance materials across industries such as plastics and rubber, highlighting R.E. Carroll's commitment to innovation and customer service within the specialty chemicals sector.

Major companies operating in the talc market include Imery SA, SCR-Sibelco NV, Minerals Technologies Inc., HZM Corp., Nippon Talc Co. Ltd., Elementis plc, R.T. Vanderbilt Holding Company Inc. - gouverneur talc, Petrovietnam Chemical and Services Corporation, 20 Microns Limited, Burgess Pigment Company, Ashapura Minchem Ltd., Golcha Group, Mondo Minerals, Magris Performance Materials, Eurominerals Ltd., ANAND TALC, IMI Fabi SpA, Haichen Minchem Co. Ltd., Jai Group, Shri Vinayak Industries, Sun Minerals Pvt. Ltd., Xilolite SA, AKJ MinChem Pvt. Ltd., Chanda Minerals, LITHOS Industrial Minerals GmbH, Ashirwad Minerals & Marbles, Liaoning Aihai Talc Co. Ltd., Oriental Talc Pvt. Ltd., Shivam Multi Microns LLP, Pingdu talc mining Co. Ltd.

Eastern Europe was the largest region in the talc market in 2024. The regions covered in the talc market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the talc market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The talc market includes revenues earned by entities by providing mining services such as conventional drilling and blasting methods. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Talc mining involves extracting talc, a mineral with various properties such as fragrance retention, luster, purity, softness, and whiteness.

The primary types of talc are talc chlorite, talc carbonate, and other variations of talc. Talc chlorite is a hydrated magnesium sheet silicate with the chemical formula Mg3Si4O10(OH)2. The fundamental sheet structure comprises a layer of magnesium-oxygen/hydroxyl octahedra situated between two layers of silicon-oxygen tetrahedra. Talc deposits can be categorized into talc carbonate and talc chlorite. End-users of talc span various industries, including plastics, pulp and paper, ceramics, paints and coatings, cosmetics and personal care, pharmaceuticals, food, and other sectors. The mining methods for talc extraction encompass both underground mining and surface mining.

The talc market research report is one of a series of new reports that provides talc market statistics, including talc global industry, regional shares, competitors with a talc global market share, detailed talc market segments, market trends and opportunities, and any further data you may need to thrive in the talc industry. This talc global market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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