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North America Talc Market is expected to reach US$ 293.24 million by 2030

North America Talc Market is growing at a CAGR of 4.2% to reach US$ 293.24 million by 2030 from US$ 211.23 million in 2022 by Deposit Type, and End Use Industry.

By The Insight Partners

Increasing Demand from Various End-Use Industries Drives North America Talc Market Growth

The North America talc market is expected to grow from US$ 211.23 million in 2022 to US$ 293.24 million by 2030; it is expected to register a CAGR of 4.2% from 2022 to 2030.

Talc is a naturally occurring mineral known for its softness and versatility. It is primarily composed of silicon, magnesium, and oxygen. Talc is often used in various industries, such as cosmetics, pharmaceuticals, and the manufacturing of ceramics and paints. Its soft and smooth texture makes it a common ingredient in cosmetics, such as powders and blushes. In pharmaceuticals, it can be found in medications and as a lubricant in pill manufacturing. 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. In addition, talc lowers the firing temperature of ceramics, enabling the creation of products with lower energy consumption and reduced production costs. In the context of the ceramic industry, this is particularly important as it can lead to increased competitiveness and profitability for ceramic manufacturers. Talc also acts as a key component in ceramic glaze and engobes, enhancing ceramic products' visual appeal and functionality. It provides a smooth, glossy finish and helps improve the workability of glaze formulations. These factors drive the North America talc market growth.

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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 the 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 North America talc market growth.

SCR-Sibelco NV, Mineral Technologies Inc, Liaoning Aihai Talc Co Ltd, Golcha Mineral Pvt Ltd, Elementis Plc, and IMI Fabi SpA are among the key players operating in the North America talc market.
Impact of COVID-19 Pandemic on North America Talc Market Growth

The North America talc market witnessed growth before the onset of the COVID-19 pandemic due to the increased use of precast concrete in the manufacturing of plastics, pulp & paper, ceramics, and paints & coatings. The COVID-19 pandemic adversely impacted the North America economy and slowed down the growth of various industries in 2020. The pandemic adversely affected the manufacturing industry, resulting in the shutdown of manufacturing facilities, challenges in procuring raw materials, and restrictions on logistic operations. The unprecedented rise in the number of COVID-19 cases across the country and the subsequent lockdown of numerous manufacturing facilities negatively influenced the growth of the North America talc market. Further, the overall disruptions in manufacturing processes, research, and development activities restrained the North America talc market growth. The severely decreased manufacturing activities reduced the demand for talc in North America.

However, the market is reviving due to the government's significant measures, such as vaccination drives. The growing demand for talc from the manufacturing sector is propelling the North America talc market growth. Moreover, various players in the region are seeking more investment opportunities as businesses gain confidence in stabilizing economies and increasing demand, thereby providing the impetus for the North America talc market share.

The "North America talc market forecast analysis to 2030" is a specialized and in-depth study of the chemicals & materials industry, focusing on the North America talc market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The North America talc market is divided based on deposit type and end use industry. In terms of deposit type, North America talc market is segmented into talc chlorite and talc carbonate. Based on end use industry, the North America talc market is divided into plastics, pulp & paper, ceramics, paints & coatings, rubber, pharmaceuticals, food, and others. In 2022, the talc carbonate segment dominated the North America talc market and is expected to be the fastest-growing segment during the forecast period. Talc-carbonate ore bodies mainly contain talc carbonate and chlorite traces. These deposits are often found in metamorphic rocks and can be considered a subtype of metamorphic deposits. In talc carbonate deposits, the formation of talc is often linked to the alternation of pre-existing rocks rich in magnesium-rich minerals. Talc replaces these minerals under the influence of metamorphic conditions, leading to the development of talc-rich rocks. Talc-carbonate ores are processed to remove associated minerals and produce pure talc concentrate. Talc carbonate provides lower viscosity and better scrub resistance than other talc types. Talc carbonate deposits are valued for their high-quality talc, which is used in various industrial applications such as paints & coatings, construction, cosmetics, and personal care industries. The mineral composition of these deposits, particularly the association with carbonate, can influence the properties and characteristics of the talc, making it suitable for specific applications. All these factors are boosting the growth of the North America talc market for the talc carbonate segment.

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