Global SEA and MEA Talc Market Size By Product(Talc-Carbonate and Talc-Chlorite), By Application(Plastic & Polymer, Paints & Coatings, Pulp and Paper), By Geographic Scope And Forecast
Global SEA and MEA Talc Market Size By Product(Talc-Carbonate and Talc-Chlorite), By Application(Plastic & Polymer, Paints & Coatings, Pulp and Paper), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global SEA and MEA Talc Market Size By Product(Talc-Carbonate and Talc-Chlorite), By Application(Plastic & Polymer, Paints & Coatings, Pulp and Paper), By Geographic Scope And Forecast
SEA and MEA Talc Market Size And Forecast
SEA and MEA Talc Market size was valued at USD 145.34 Million in 2021 and is projected to reach USD 182.35 Million by 2030, growing at a CAGR of 2.63% from 2023 to 2030.
The growing population and increasing disposable income of the middle-class population of emerging economies have led to the increased demand for various consumer products, such as cosmetics, ceramics, automotive plastic parts, and pharmaceuticals, which in turn, is driving the growth of the market. The Global SEA and MEA Talc Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is SEA and MEA Talc?
Talc, a mineral we've been using forever, comes straight from the earth. It’s basically a mix of magnesium, silicon, oxygen, and hydrogen – or, if you want to get technical, hydrous magnesium silicate (Mg3Si4O10(OH)2). What's cool is that it doesn't smell, and it stubbornly refuses to dissolve in water, even with weak acids or alkalis. It’s not super reactive, but it does like to chill with some organic compounds. Oh, and it’s completely non-flammable. Because talc is great at resisting heat, electricity, acids, oils, and grease, loads of industries are after it. Plus, it’s super soft, loves to hold onto fragrances, and is usually a nice, pure white. You'll find it in tons of cosmetics and personal care products. For example, it's great for soaking up moisture, preventing clumps, making makeup look opaque, or just improving how things feel. From paper and plastics to paints and coatings (like the ones on metal moulds), rubber, food, electrical cables, pharmaceuticals, cosmetics, and ceramics, it’s everywhere! It often comes out of the ground as Steatite, also called soapstone, which is a chunky, grey-green rock full of talc. Steatite is often made into electrical panels, slabs, and more. Because it can handle heat, electricity, and acids, it’s a go-to for lab table tops and switchboards. You might even find it in medicine as a preservative or as an ingredient in food. In medicine, talc is sometimes used in a procedure called pleurodesis to prevent recurring pneumothoraxes or pleural effusions.
SEA and MEA Talc Market Overview
Wow, the talc market is booming in South East Asia and the Middle East & Africa! It seems like everyone who uses talc wants more. The automotive industry is a major reason why, especially there. The Middle East & Africa are super interesting right now – they're changing so much with sustainability initiatives, awesome tech, and people really thinking about what they want in a car. Also, Southeast Asia, with countries like Thailand and Malaysia becoming more industrialized, really gave the market a shot in the arm in 2021. And you know, as emerging economies grow, and people have more money, they naturally want more cosmetics, ceramics, car parts, and medicines – things that all need talc!
Hey, guess what? Talc is really taking off in the construction world, particularly in the Middle East and Africa! There's tons of excitement around all the new building projects there, fueled by massive investments and initiatives. Plus, countries in the GCC are working to diversify their economies beyond just oil and gas, which is really boosting the construction industry. Check out Kuwait Vision 2035, for instance; it's focused on creating eco-friendly, sustainable structures with designs that are high-performance and energy-efficient. And get this – we're also seeing more talc in personal care and cosmetics! It's popping up in everything from loose powders (you know, like talcum powder and baby powder!) to blush, eyeshadow, and tons of other stuff.
Despite of several advantages and strong demand from the end-user industries, the risk associated with talc in combination with stringent government regulations hampers the adoption of Talc. Studies revealed that usage of talc is linked to asbestosis, mesothelioma, and lung cancer.
SEA and MEA Talc MarketSegmentation Analysis
The SEA and MEA Talc Market is segmented on the basis of Type, Application, and Geography.
SEA and MEA Talc Market by Type
Talc-Carbonate
Talc-Chlorite
To Get Summarized Market Report By Type-
Based on type, the market is bifurcated into Talc-Carbonate and Talc-Chlorite. The Talc-Carbonate segment is accounted for the largest market share in 2021 and is projected to grow at the CAGR of 3.43% during the forecast period. Talc carbonates are a collection of rocks and mineral compounds found in metamorphic ultramafic rocks. The term refers to two common terminal minerals found in ultramafic rocks that have undergone carbonization or talc carbonization reactionstalc and the carbonate mineral magnesite.
SEA and MEA Talc Market by Application
Plastic & Polymer
Paints & Coatings
Pulp and Paper
Ceramic
Cosmetics & Personal Care
Food and Beverage
Pharmaceuticals
Others
To Get Summarized Market Report By Application-
So, where does all the talc actually go? The market's divided into chunks like Plastic & Polymer, Paints & Coatings, Pulp and Paper, Ceramic, Cosmetics & Personal Care, Food and Beverage, Pharmaceuticals, and even just plain ol' Others. Plastic & Polymer took the crown in 2021, and it's expected to keep chugging along, growing around 2.47% annually. But keep an eye on Paints & Coatings – it's set to be a real mover and shaker! Why the boom in plastics and polymers? Well, talc's a champ at filling in the blanks, making these materials super strong and impact-resistant. And, let's face it, we need tougher plastics for everything from cars and planes to food and medicine packaging, so that demand just keeps on rising.
SEA and MEA Talc Market by Geography
Southeast Asia
Middle East & Africa
To Get Summarized Market Report By Geography-Â
So, when we talk about the SEA and MEA Talc Market, we're basically looking at two big chunksSoutheast Asia and the Middle East & Africa. Southeast Asia is made up of places like Thailand, Malaysia, and the rest of Southeast Asia. And the Middle East & Africa? That's the UAE, Saudi Arabia, and the rest of the Middle East and Africa. Guess what? Back in 2021, Southeast Asia grabbed a significant share of the whole market! It's all because of those fast-growing economies, more factories popping up, and people having more cash in their pockets. And with countries like Thailand and Indonesia becoming more industrialized all the time, the talc market is exploding, especially since it's used in so many different industries for, well, everything!
Key Players
The major players in the market are Imerys S.A., Minerals Technologies Inc., Elementis Plc., Mitsubishi Chemical Holding Group, Liaoning Aihai Talc Co Ltd, Associated Soapstone Distribution Co. Pvt. Ltd., IMI Fabi Spa, Liaoning Xinda talc group, Nippon Talc, PT Talc Indonesia, Flexicon Corporation, Nissei Corporation and Others.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Imerys S.A., Minerals Technologies Inc., Elementis Plc., Mitsubishi Chemical Holding Group, Liaoning Aihai Talc Co Ltd, Associated Soapstone Distribution Co. Pvt. Ltd., IMI Fabi Spa, Liaoning Xinda talc group, Nippon Talc, PT Talc Indonesia, Flexicon Corporation, Nissei Corporation and Others.
SEGMENTS COVERED
By Product, By Application, and By Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
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Reasons to Purchase this Report
Let's explore the market, combining hard numbers (quantitative data) with smart observations (qualitative insights). We'll slice and dice the market into different segments, taking into account economic factors and pretty much everything else that matters. For each segment and sub-segment, you’ll see the market value in USD Billion. We'll call out the region and segment we think will see the biggest boom, and who the current leaders are. Plus, we'll break down each region to show you how much of the product/service they're using and what's driving their purchasing. We'll also map out the competitive landscape, ranking the key players and highlighting what they've been up to lately—new product launches, partnerships, expansions, and acquisitions—over the past five years. Look for detailed company profiles, offering an overview, key insights, product comparisons, and a SWOT analysis for the top companies. You'll get a clear picture of where the market stands now and where it's going, staying on top of the newest trends, growth opportunities, drivers, and challenges in both established and emerging markets. We’ll also provide an in-depth view using Porter's five forces analysis and a value chain perspective, digging into the market dynamics and what the future holds for growth. Oh, and did we mention you get 6-month post-sales analyst support to help you navigate all this information?
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