The Talc Market trends are
analyzed from recent past with an eye on coming years in this report that also
offers projections for Talc industry targeted at helping in business decisions.
Talc is the softest known mineral and
possesses a rating of 1 on the Mohs hardness scale, which is the lowest in all
the known minerals. It can be easily scratched by a fingernail and can be
smoothly cut into pieces by a knife. It has clear luster and takes a specific
gravity ranging from 2.5 top 2.8. It is insoluble in water and is slightly soul
be in dilute mineral acids. It is a metamorphic in nature which occurs due to
magnesium metamorphism with amphibole, olivine, pyroxene and serpentine in
presence of water and CO2. It has a tri-octahedral layered structure similar to
pyrophyllite.
Based on
deposit type, talc market is majorly dominated by talc carbonate and is
expected to be the fastest growing segment over the forecasted period. Through
various researches, it found to possess higher purity rates compared to any
other deposit types.
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It is a soft mineral chemically composed of silica,
water and magnesium. The basic chemical composition is hydrated magnesium
silicate and is significant industrial and commercial mineral. Its chemical
formula remains close to this basic composition but also shows variations in
the structure owing to the substitution of magnesium with other elements. It
has wide applications as an industrial mineral owing to its resistance to heat,
acids and electricity and grease & oil adsorption. It has broad commercial
usage due to its softness, fragrance retention, luster, whiteness and purity.
Plastics is
the fastest growing segment among all applications in the industry. High demand
of talc in plastics industry comes due to its superior property be reinforcing
filler. It increases the product impact resistance, conductivity and rigidity.
It is chiefly applied in production of household appliances and automobile
parts. Pulp & paper application segment also holds promising futuristic
demand owing to broad applications in paper, offset paper and color paper
sectors.
Asia Pacific
is the largest market with its growing manufacturing and infrastructural
expansion. Almost all the large chemical and mineral manufacturing companies
has presence in the region due to leverage upon cheap production facilities.
High demand of mineral is driven by the consumption in fast growing end use
industries including plastics, ceramics and costings. China, India, South
Korea, Japan and Bhutan are the major markets in the region. Among these, China
is the leader in the production of white talc and is the tough competitive
product supplier to other countries.
Europe are
other potential regions to showcase high product demand during the forecasted
period due to escalating growth in automotive and household industry in the
region. France, UK and Italy are key consumer of talc in Europe.
Some of the
key industry players include Mondo Minerals, IMI FABI, Imerys, Minerals
Technologies, Liaoning AIHAI, Jai Vardhman Khaniz and Haicheng Xinda Mining.
In 2016, Brazil
based Magnesita Refratarios sold its talc business to Italian talc
manufacturer, IMI Fabi. This strategy was associated with the company’s
continuing expansion planning. the operations concerned with this deal is one
of the world’s largest white talc reserve, including various manufacturing
plants, vital research centers and highly innovative product portfolio.
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