Global Talc Market – Market Size and Dynamics According to the analysts at MarketIntelReports “ The worldwide talc market is estimated to cross US $ 1.6 billion by 2022 , growing at a CAGR closed to 4.6 %”. Talc is one of the most prominently used mineral fillers due to its relatively easier availability , high performance-to-cost ratio , and the wide usage in various end-user applications . The mineral , which is widely recognized for keeping skin dry and as an extender for various plastic composites , has gained demand in the past few decades . The worldwide demand for talc is estimated to reach approx . 7.33 million ton by 2022 , growing at a CAGR of 2.9 %. A satisfactory description of the various deposit types and end user segment is provided in the research report . Over the past decade , the consumption of talc in end uses pertaining to plastics and personal care flourished while the same has witnessed a sluggish growth in segments related to ceramics and roofing .
This market research report includes a detailed analysis of the pricing factors . Prices of talc during the forecast period are expected to rise by as much as 10 % due to the robust demand from the APAC and MEA markets . While , the price is forecasted to rise over the forecast period , the same is expected to face headwinds over the forthcoming two years because of higher inventory of steatite and subdued prices of its substitutes , particularly calcium carbonate .