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?
Humans have known about talc for ages. It's a natural mineral, dug right out of the earth, and it's made up of magnesium, silicon, oxygen, and hydrogen. Think of it as a hydrous magnesium silicate with the fancy chemical formula Mg3Si4O10(OH)2. Interestingly, talc doesn't have a smell and won't dissolve in water, even if you add weak acids or alkalis. While it likes to hang out with some organic compounds, it's generally not very reactive. Plus, it won't catch fire or explode. Because it's so good at resisting heat, electricity, acids, oils, and grease, lots of different industries want it. It's also sought after because it’s incredibly soft, can hold onto fragrances, and is usually pure white. You'll find it in tons of cosmetics and personal care products. For example, it can soak up moisture, prevent clumping, make makeup look opaque, or just improve how something feels. From paper and plastics to paints and coatings (like the ones on metal moulds), rubber, food, electrical cables, pharmaceuticals, cosmetics, and ceramics, talc is all over the place. It often comes from the ground as Steatite, also called soapstone, which is a coarse, grey-green rock with a lot of talc in it. Steatite is often used for electrical panels, slabs, and other things. Since it can stand up to heat, electricity, and acids, it’s commonly used 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
Hey, it looks like the talc market is really taking off in South East Asia and the Middle East & Africa! This growth is mainly fueled by huge demand from industries that use talc. Specifically, the automotive industry is a big player in these regions. The Middle East & Africa are especially interesting because they're changing fast – think sustainability initiatives, cool new tech, and people rethinking what they want in a car. Plus, places like Thailand and Malaysia in Southeast Asia are becoming more industrialized, giving the market a boost in 2021. And let's not forget that with more people and more money to spend in emerging economies, everyone wants more cosmetics, ceramics, car parts, and medicines – all of which rely on talc!
Hey, guess what? Talc is becoming super popular in the construction industry, especially in the Middle East and Africa! There's a lot of buzz around new construction projects there, with tons of investments and initiatives. Plus, countries in the GCC are trying to branch out from just oil and gas, which is helping the construction scene boom. Take Kuwait Vision 2035, for example; it's all about building eco-friendly, sustainable structures with high-performance, energy-efficient designs. And that's not all – we're seeing more talc in personal care and cosmetics too! You'll find it in things like loose powders (think talcum powder, baby powder!), blush, eyeshadow, and all sorts of other products.
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-
When it comes to how it's used, the talc market is split into categories like Plastic & Polymer, Paints & Coatings, Pulp and Paper, Ceramic, Cosmetics & Personal Care, Food and Beverage, Pharmaceuticals, and well, Others too. Plastic & Polymer was the biggest piece of the pie in 2021, and we're expecting it to keep growing at a rate of about 2.47% each year. But don't count out Paints & Coatings – it's predicted to be one of the fastest-growing areas. What's driving the growth of plastics and polymers? It's largely because talc is great for filling gaps in those materials, making them tougher and more resistant to impact. Plus, there's a growing need for those sturdy plastics in cars, planes, food and medicine packaging, and other areas, which is also fueling that growth.
SEA and MEA Talc Market by Geography
Southeast Asia
Middle East & Africa
To Get Summarized Market Report By Geography-Â
Looking at the SEA and MEA Talc Market by region, we've divided it into Southeast Asia and the Middle East & Africa. Southeast Asia includes Thailand, Malaysia, and the rest of Southeast Asia. The Middle East & Africa consists of the UAE, Saudi Arabia, and the rest of the Middle East and Africa. Back in 2021, Southeast Asia held a significant share of the whole SEA and MEA talc market! Why? Well, it's thanks to booming demand from emerging economies, those rising industrialization rates, and people having more money to spend. Plus, with places like Thailand and Indonesia industrializing so quickly, the talc market is really taking off, since it's used in so many different industries for all sorts of things.
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
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We'll dive into the market using both numbers (quantitative) and insights (qualitative), breaking it down by different segments, considering both economic and, well, everything else. You'll get the market value in USD Billion for each of those segments and sub-segments. We'll point out which region and segment we think is going to explode with growth, and which ones will be the big dogs. Plus, we'll analyze each region, showing you how much of the product/service they're gobbling up and what's influencing their buying habits. We'll map out the competitive landscape, ranking the key players and highlighting their recent moves—new launches, partnerships, expansions, and acquisitions—over the last five years. Expect detailed company profiles that include an overview, insights, product comparisons, and a SWOT analysis for the major companies. Get a good look at where the market is now and where it's headed, keeping up with the latest happenings and the growth opportunities, drivers, and challenges in both established and up-and-coming areas. We'll also give you an in-depth look at the market from all angles through Porter's five forces analysis and provide a value chain view, plus explore the market dynamics and future growth possibilities. And don't forget – you get 6-month post-sales analyst support to help you make sense of it all.
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