At 4.9% CAGR, Europe Talc Market is Projected to be Worth US$ 602.74 Million by 2030, says Business Market Insights

According to Business Market Insights research, the Europe talc market was valued at US$ 411.22 million in 2022 and is expected to reach US$ 602.74 million by 2030, registering a CAGR of 4.9% from 2022 to 2030. Growing use of talc in paper & pulp industry and increasing demand from various end-use industries are among the critical factors attributed to the Europe talc market expansion.

Talc is used in various end-use industries such as paints & coatings, plastics, agriculture, and food. In the paint industry, talc use reduces the use of primary pigment in paint production, which reduces manufacturing costs. Talc reinforces the paint film and improves the durability and stain resistance of paint. Owing to its rust-inhibitive and corrosion-resistance properties, the finish lasts longer. Also, talc as an extender increases the viscosity of a paint. The strong growth of the construction, automotive, and industrial sectors propels demand for paints and coatings. In the plastics industry, the use of talc improves the characteristics of plastics such as quality, aspect ratio, particle size distribution, and whiteness. The high demand for plastics in automotive, construction, consumer goods, electrical & electronics, and other industries boosts the need for talc. In the agriculture industry, talc is an effective anticaking agent and dispersing agent for pesticides and fertilizers. Also, in agricultural chemicals, talc has been considered as an ideal inert carrier. Increasing demand for fertilizers due to the growing agricultural production in different regions bolsters the need for talc. Further, food-grade talc is hydrophobic. Therefore, it functions as an anticaking agent by coating other substances and making them water-repellent. It also prevents lump formation. This property makes talc an ideal ingredient to be used in starch, chocolates, chewing gums, baked goods, dried fruits, cheese, seasoning, and table salt. The growing demand for all these products boosts the use of talc in the food industry. Therefore, the rising demand for talc from end-use industries is driving the growth of the talc market.

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

Based on type, the Europe talc market is bifurcated into talc chlorite and talc carbonate. The talc carbonate segment held 63.8% share of Europe talc market in 2022, amassing US$ 262.25 million. It is projected to garner US$ 390.17 million by 2030 to expand at 5.1% CAGR during 2022-2030.

In terms of application, the Europe talc market is categorized into plastics, pulp and paper, ceramics, paints and coatings, rubber, pharmaceuticals, food, and others. The pulp and paper segment held 28.9% share of Europe talc market in 2022, amassing US$ 118.65 million. It is projected to garner US$ 180.19 million by 2030 to expand at 5.4% CAGR during 2022-2030.

By country, the Europe talc market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 30.8% share of Europe talc market in 2022. It was assessed at US$ 126.56 million in 2022 and is likely to hit US$ 181.03 million by 2030, exhibiting a CAGR of 4.6% during 2022-2030.

Key players operating in the Europe 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 Lt, and SCR-Sibelco NV, 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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