At 4.2% CAGR, North America Talc Market is Projected to be Worth US$ 293.24 Million by 2030, says Business Market Insights

According to Business Market Insights research, the North America talc market was valued at US$ 211.23 million in 2022 and is expected to reach US$ 293.24 million by 2030, registering a CAGR of 4.2% 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 North America talc market expansion.

Talc is commonly used in the pulp & paper industry as a pitch control agent, coating pigment, and functional filler. It helps enhance the runnability of a paper machine. Talc is used to recycle paper and produce new paper, pulp, and cardboard. The properties of talc prevent pitch agglomeration within the production machine. Talc is used as a filler to give smoothness, porosity, and opacity to paper. Also, in paper production, talc use enhances the quality of finished products and reduces production costs. The demand for paper packaging is increasing in various sectors. Quick service restaurants (QSR) and fast-food restaurants are among the largest users of paper packaging products. The paper & pulp industry growth is driven by the increasing use of paper-based packaging due to the rising adoption of e-commerce platforms, especially in developing countries. Moreover, increasing environmental concerns such as global warming and biodegradability and health problems caused by plastic packaging are bolstering the growth of the paper & pulp industry in different regions. As a result, various paper and pulp manufacturers are investing in expanding their production capacities. The growing paper & pulp industry propels the demand for talc, which drives the talc market growth.

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

Based on type, the North America talc market is bifurcated into talc chlorite and talc carbonate. The talc carbonate segment held 69.6% share of North America talc market in 2022, amassing US$ 146.95 million. It is projected to garner US$ 205.31 million by 2030 to expand at 4.3% CAGR during 2022–2030.

In terms of application, the North America talc market is segmented into plastics, pulp and paper, ceramics, paints and coatings, rubber, pharmaceuticals, food, and others. The ceramics segment held 21.8% share of North America talc market in 2022, amassing US$ 46.14 million. It is projected to garner US$ 63.80 million by 2030 to expand at 4.1% CAGR during 2022–2030.

By country, the North America talc market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 70.1% share of North America talc market in 2022. It was assessed at US$ 148.05 million in 2022 and is likely to hit US$ 207.77 million by 2030, exhibiting a CAGR of 4.3% during 2022–2030.

Key players operating in the North America talc market are Elementis Plc, Golcha Minerals Pvt Ltd, Imerys SA, Liaoning Aihai Talc Co Ltd, Minerals Technologies Inc, and SCR-Sibelco NV, among others.

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