The Asia-Pacific talc market is anticipated to grow at a healthy CAGR of 3.8% during the forecast period. Asia-Pacific accounted for the largest market for talc. Countries that largely contribute to the talc market in the region are China, India, and Pakistan. Asia-Pacific hosts one of the most robust manufacturing and other crucial industries, including plastics, construction, paints & coatings, ceramics industry, pulp & paper, and pharmaceutical. The consumption of talc in Asia-Pacific is high due to the enormous population and their increasing disposable incomes. While the developed markets in Europe and North America are unable to keep pace with the emerging markets in Asia-Pacific, these markets are growing both in terms of consumption and purchasing power. For instance, China is expected to add 400 million consumers whose annual income is more than $8,000. Similarly, India is expected to add 60 million households with an annual income of more than $6,000 by 2021. Higher disposable incomes mean not only higher consumption but also imply a growing preference for differentiated and value-added products.

The Asia-Pacific talc market is segmented based on the deposits and end-user. Based on deposits, the market is sub-segmented into talc carbonates, talc chlorites, and others. Based on end-user, the market is segmented into ceramics, construction, cosmetics and personal care, paints and coatings, pharmaceuticals, plastics, pulp and paper, and others. Owing to the properties of talc such as softness, lamellar, resistivity to heat, and stiffness, it is used in various industries. Talc is a mineral substance used in cosmetics and personal care products. It is added to absorb moisture, smooth, or soften products, prevent caking, and make makeup opaque. However, in the long term, the usage of talc in the cosmetics & personal care industry is expected to decrease owing to rising cases of ovarian cancer. Major companies such as L’oreal, Revlon, and Chanel have stopped using talc in their cosmetics.

Country-wise, the market is segmented into China, Japan, India, South Korea, and the Rest of Asia-Pacific. China holds the largest market share in the Asia-Pacific, accounting for nearly half of the market share. The country has 15 provinces, with Liaoning, Shandong, Guangxi, Jiangxi, and Qinghai being the most prominent areas, accounting for more than 90% of talc reserves in the country. Liaoning, Shandong, and Guangxi are the main production areas for white talc. There are 126 talc mining areas with a reserve of 7.5 million tons, basic reserves of 153 million tons, stock reserves of 141 million tons, and proven reserves of 267 million tons.v

Research Methodology

The market study of the Asia-Pacific talc market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia-Pacific Talc Market Research and Analysis by Deposits
2. Asia-Pacific Talc Market Research and Analysis by End-user

The Report Covers

• Comprehensive research methodology of the Asia-Pacific talc market.
• This report also includes a detailed and extensive market overview with the key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific talc market.
• Insights about market determinants which are stimulating the Asia-Pacific talc market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.