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World - Talc And Steatite - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Article Publishing Date: 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 tonnes 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 tonnes), with most of this produced domestically. In 2019, China manufactured 1.8M tonnes, 669K tonnes 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 tonnes) and Brazil (655K tonnes), 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 tonnes, which equated to $966M. Germany (289K tonnes), Japan (272K tonnes), the U.S. (262K tonnes), the Netherlands (219K tonnes), South Korea (189K tonnes), Belgium (149K tonnes), Thailand (147K tonnes), Spain (132K tonnes), Italy (129K tonnes), Indonesia (106K tonnes), China (101K tonnes) and Austria (95K tonnes) represented roughly 69% of total imports of talc and steatite in 2019. Mexico (93K tonnes) 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 Platform

Product coverage:

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 2025.



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
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• 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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

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
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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