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(MoneyNewsWire.Net, July 23, 2018 ) The talc market includes mining of talc that is used in paper making, plastic, paint and coatings, rubber, food, electric cable, pharmaceuticals, cosmetics, and ceramics. Mining operators are outlining data collection and sharing via cloud-based networks, genomic mining solutions, machine learning to reduce labor costs, wearable technologies, and even hybrid airships to easily transport equipment to remote regions.
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The market was valued at $1.7 billion in 2017, and it is expected to be driven by the burgeoning demand from end user industries like cosmetics, plastics, ceramics, paper & pulp, pharmaceuticals, paints & coatings, and food. The Asia-Pacific region was the largest market for the global talc market. This increased demand can be attributed to the growing demand for talc reinforced plastic parts from the automotive industry, cosmetics, paper and paints & coatings in the region. China, India, and Japan are the leading countries in terms of production and consumption of talc in the Asia-Pacific region. North America is the second largest region for the global talc market.
The talc mining sector in the report is split into following segments: talc chlorite, talc carbonate and others.
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The USA was the largest country accounting for one fifth of the global talc mining market.
The top five competitors in the market are Golcha Minerals (Golcha Group), Imerys, IMI Fabi, Minerals Technologies Inc., and Mondo Minerals. Golcha Minerals was the leading player in the talc market in 2017. The lamellarity, whiteness and purity of the company’s products are the key factors which gives Golcha a competitive edge over the other options available in the global market.
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