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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