At 5.8% CAGR, Asia Pacific Talc Market is Projected to be Worth US$ 1,470.84 Million by 2030, says Business Market Insights

According to Business Market Insights research, the Asia Pacific talc market was valued at US$ 940.38 million in 2022 and is expected to reach US$ 1,470.84 million by 2030, registering a CAGR of 5.8% from 2022 to 2030. Growth of ceramics industry and increasing demand from various end-use industries are among the critical factors attributed to the Asia Pacific talc market expansion.

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. Together, China and India account for almost 60% of global ceramic tile manufacturing and nearly all global consumption. Presently, India is the world's second-largest producer of ceramic tiles (2.5 billion sqm) and its third-largest exporter (half a billion sqm shipped).Further, the technical ceramics market in China is showing rapid growth due to the expanding electronics market in the country. Thus, the growing ceramics industry is expected to boost talc usage, which would offer lucrative opportunities for the talc market during the forecast period.

On the contrary, health concerns related to usage of talc hampers the growth of Asia Pacific talc market.

Based on type, the Asia Pacific talc market is bifurcated into talc chlorite and talc carbonate. The talc carbonate segment held 57.9% share of Asia Pacific talc market in 2022, amassing US$ 544.95 million. It is projected to garner US$ 862.89 million by 2030 to expand at 5.9% CAGR during 2022-2030.

In terms of application, the Asia Pacific talc market is categorized into plastics, pulp and paper, ceramics, paints and coatings, rubber, pharmaceuticals, food, and others. The pulp and paper segment held 35.4% share of Asia Pacific talc market in 2022, amassing US$ 332.87 million. It is projected to garner US$ 535.43 million by 2030 to expand at 6.1% CAGR during 2022-2030.

By country, the Asia Pacific talc market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 45.1% share of Asia Pacific talc market in 2022. It was assessed at US$ 424.15 million in 2022 and is likely to hit US$ 686.21 million by 2030, exhibiting a CAGR of 6.2% during 2022-2030.

Key players operating in the Asia Pacific talc market are Elementis Plc, Golcha Minerals Pvt Ltd, Imerys SA, IMI Fabi SpA, Liaoning Aihai Talc Co Ltd, Minerals Technologies Inc, Nippon Talc Co Ltd, SCR-Sibelco NV, and Sun Minerals Pvt Ltd, among others.

•    In September 2022, Imerys SA entered the exclusive negotiations with Syntagma Capital for the potential sale of most of its assets producing kaolin, ground calcium carbonate ("GCC"), precipitated calcium carbonate ("PCC") and talc, which primarily serve the paper markets.
  
  

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