Europe Talc Market Analysis and Size

This talc is used in lightweight plastics for the automotive industry. Data Bridge Market Research analyses that the Europe talc market is expected to reach the value of USD 71.56 million by the year 2029, at a CAGR of 3.2% during the forecast period. "Pulp paper" accounts for the most prominent application segment. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

The Market Dynamics of the Europe Talc Market Include:

Drivers/Opportunities

• Extensive applications in producing lightweight plastics for automotive components

The main exteriors applications of talc lie in bumper fascias, rocker panels and grills. Strong impact resistance and low thermal expansion are required for all these applications to join them with metal parts with a very low dimensional variation with temperature. Most of these items are painted on the car body to enhance aesthetic appeal. Talc-filled composites are also used in under-the-hood applications. In this case, good thermal properties are generally required. Therefore, with the growing automotive industry and the increasing requirement for lightweight vehicles and components to increase vehicle efficiency, there will be a huge demand for talc, which is expected to drive the Europe talc market.

• Rapid industrialization and surge in disposable income of the middle-class population of emerging economies

Major European countries are undergoing a societal and economic transformation. The region is moving through rapid economic development, with firm support from various government policies to reduce poverty, increase the workforce's skill levels and open the region up to higher-value economic activity such as manufacturing. In addition, wages are growing rapidly in line with this. Therefore, the European market has taken off with the increased disposable income. This may create a platform for the growth of the Europe talc market.

• Easy availability of raw materials along with affordable labor

The European countries have a huge workforce that is cheap compared to other regions and is engaged in the process of mining and synthetic talc manufacturing. Furthermore, France is among the major hubs for talc extraction, making it easier for other European countries to get the talc raw material at a lower price and in required quantities. Moreover, France's talc resources include not only its significant reserve volume but also the superior quality of its white talc, and France is the most important talc supplier, including all medium and high-grade products. Therefore, the easy availability of talc raw materials in this region and around is projected to help the growth of the Europe talc market.

• Rising research activities for the advancement of new grades of talc

There has been a focus on the exploration of talc as a dissolution retardant in controlled-release products and a novel substrate for pellet design due to its physicochemical, physiological inert and inexpensive nature. Due to these attractive features, the wet spherical agglomerates of talc have been used as a substrate for coating and as a diluent in Crystallo-Co-Agglomeration (CCA). The use of such high functionality excipient gives better products with lower costs, shorter time to market and extended product lifecycle. The growth of the pulp, paper, automotive, plastics, paints, coatings, cosmetics, personal care, ceramics, agriculture and food industries are among the major consumers of talc in the region and are expected to offer opportunities for the growth o Europe talc market.

Restraints/Challenges

• Guidelines regulating the production and usage of talc

According to the International Journal of Gynecological Cancer, it has been proved that women's frequent use of talc in different forms can cause ovarian cancer. Moreover, the use of talcum powder is associated with respiratory issues in infants, and long-term exposure to it can cause pneumonia and asthma symptoms. Furthermore, exposure to talc for a longer duration has serious ill effects on the body functions, such as any application of talc on wounds can give rise to scab formation, possible infection and foreign body granulomas in the dermis. Therefore, owing to these harmful effects created while the production and usage of talc, strict rules and regulations have been enforced. This is expected to hamper the growth in the Europe talc market.

• Moderate development of the pulp and paper industry due to digitization

The growth in the pulp and paper industry in European region has been very slow than before, and this is expected to restrain the growth of the Europe talc market. Moreover, talc is widely being substituted by biotechnological solutions in various applications, such as pitch control in pulp and paper manufacturing. These biotechnological solutions use enzymes or fungi for pitch control in the paper. Hence, the use of talc in the pulp and paper industry is declining rapidly, leading to decreased demand for talc.

• Easy accessibility of substitutes

Silica turns up in mineral makeup that boasts talc-free. It is used for its ability to absorb oil and to prevent caking and clumping. Amorphous, synthetic silica used in cosmetics and other personal care products does not contain crystalline silica and is generally considered safe for use. Thus, the easy availability of a wide range of substitutes for talc in the market is projected to challenge the development of the Europe talc market greatly.

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Europe Talc Market Scope

Europe talc market is segmented on the basis of deposit type, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

 Deposit Type

• Talc Carbonate
• Talc Chlorite
• Others

On the basis of deposit type, the market is segmented into talc carbonate, talc chlorite, and others.

Type

• Fine Grade
• Others

On the basis of type, the market is segmented into fine grade, and others. 

 Application

• Pulp Paper
• Plastic Industry
• Ceramics
• Paints Coatings
• Cosmetics Personal Care
• Pharmaceuticals
• Food Industry
• Rubber Industry
• Others

On the basis of application, the market is segmented into pulp paper, plastic industry, ceramics, paints coatings, cosmetics personal care, pharmaceuticals, food industry, rubber industry, and others. All the segments are further segmented into talc carbonate, talc chlorite, and others.

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Major TOC of the Report

1 INTRODUCTION

2 MARKET SEGMENTATION

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

5 MARKET OVERVIEW

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https://www.databridgemarketresearch.com/toc/?dbmr=europe-talc-market

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