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World - Talc And Steatite - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

World - Talc And Steatite - Market Analysis, Forecast, Size, Trends and Insights

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Mar 19, 2021

Plastic Industry to Keep Afloat the Talc and Steatite Market Stroked by the Pandemic

The global talc and steatite market was hit severely by the pandemic, with the trade volume dropping twofold in May 2020 and failing to recover. The decreases in the printing and cosmetics industries challenge the talk market, partially offset by rising demand from the plastics industry. China appears to be less seriously hit by the pandemic than the rest of the world, which points out the Chinese downstream industries to buoy the global talc market's expected slight growth.

According to a new report published by IndexBox, the talc and steatite market totals approx. $3.3B worldwide. This product is widely used as fillers in plastic, cosmetics, ceramics, paper, and latex manufacturing. During the pandemic, talc and steatite consumption plummeted almost in all end-user industries except pharmaceuticals and plastics. The significant drop in printing paper and cosmetic production dealt a blow to the talc and steatite market.

Support for the global talc and steatite demand in 2020 came from the expanding plastics industry, especially in the Asia-Pacific region. Assuming this factor could partially offset the drop in the paper industry, the talc market is expected to continue an upward consumption trend over the next decade, expanding with an anticipated CAGR of +0.1% to near 8.1M tons through to 2030.

Rising Demand from China to Buoy the Global Talc and Steatite Market

China consumes the highest volumes of talc and steatite (near 1.2M tons), with most of this produced domestically. In 2019, China manufactured 1.8M tons, 669K tons of which were exported.

China features the largest plastic and paper-consuming countries, backed up by rapid urbanization and relatively fast recovery from the pandemic-related lockdown. The World Bank estimates China to overcome 2020 with a GDP growth of near 2%, which is significantly higher than the global GDP fall of -4.3%.

In terms of talc consumption, China was followed by India (702K tons) and Brazil (655K tons), with a combined 32% share of the global market. Japan, the U.S., Turkey, South Korea, Germany, Canada, Thailand, France, Russia, and Spain lagged, together comprising a further 43%. From 2012 to 2019, the biggest increases were in Turkey, while talc and steatite consumption for the other global leaders experienced more modest paces of growth. (IndexBox estimates).

In value terms, the largest talc and steatite markets worldwide were Japan ($752M), China ($381M), and Brazil ($317M), together accounting for 44% of the global market.

The countries with the highest levels of talc and steatite per capita consumption were South Korea (9.58 kg per person), Turkey (6.07 kg per person), and Canada (5.77 kg per person).

Germany, the U.S., and Japan Remain the Largest Markets for Talc Suppliers

In 2019, talc and steatite's overseas purchases amounted to 3M tons, which equated to $966M. Germany (289K tons), Japan (272K tons), the U.S. (262K tons), the Netherlands (219K tons), South Korea (189K tons), Belgium (149K tons), Thailand (147K tons), Spain (132K tons), Italy (129K tons), Indonesia (106K tons), China (101K tons) and Austria (95K tons) represented roughly 69% of total imports of talc and steatite in 2019. Mexico (93K tons) held a minor share of total imports. (IndexBox estimates)

From 2012 to 2019, the most notable growth rate in terms of purchases amongst the key importing countries was attained by China, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest talc and steatite importing markets worldwide were Germany ($115M), the U.S. ($100M), and Japan ($96M), together comprising 32% of global imports. These countries were followed by the Netherlands, Italy, Thailand, China, Spain, South Korea, Belgium, Mexico, Austria, and Indonesia, which accounted for a further 39%.

China saw the highest growth rate of imports among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global talc and steatite market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

    + the largest producing countries

    Data coverage:

    • Global market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Global production, split by region and country
    • Global trade (exports and imports)
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. GLOBAL PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. GLOBAL IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. GLOBAL EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • United States
      • China
      • Japan
      • Germany
      • United Kingdom
      • France
      • Brazil
      • Italy
      • Russian Federation
      • India
      • Canada
      • Australia
      • Republic of Korea
      • Spain
      • Mexico
      • Indonesia
      • Netherlands
      • Turkey
      • Saudi Arabia
      • Switzerland
      • Sweden
      • Nigeria
      • Poland
      • Belgium
      • Argentina
      • Norway
      • Austria
      • Thailand
      • United Arab Emirates
      • Colombia
      • Denmark
      • South Africa
      • Malaysia
      • Israel
      • Singapore
      • Egypt
      • Philippines
      • Finland
      • Chile
      • Ireland
      • Pakistan
      • Greece
      • Portugal
      • Kazakhstan
      • Algeria
      • Czech Republic
      • Qatar
      • Peru
      • Romania
      • Vietnam

    12. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2023
      18. Production, In Value Terms, 2012–2023
      19. Production, By Country, 2023
      20. Production, In Physical Terms, By Country, 2012–2023
      21. Imports, In Physical Terms, 2012–2023
      22. Imports, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, By Country, 2023
      24. Imports, In Physical Terms, By Country, 2012–2023
      25. Imports, In Value Terms, By Country, 2012–2023
      26. Import Prices, By Country, 2012–2023
      27. Exports, In Physical Terms, 2012–2023
      28. Exports, In Value Terms, 2012–2023
      29. Exports, In Physical Terms, By Country, 2023
      30. Exports, In Physical Terms, By Country, 2012–2023
      31. Exports, In Value Terms, By Country, 2012–2023
      32. Export Prices, 2012–2023

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