North America Talc Market Forecast to 2028 -Regional Analysis by Deposit Type (Talc Chlorite and Talc Carbonate), and End Use Industry (Plastics, Pulp and Paper, Ceramics, Paints and Coatings, Rubber, Pharmaceuticals, Food, and Others)

North America Talc Market Forecast to 2028-Regional Analysis by Deposit Type (Talc Chlorite and Talc Carbonate), and End Use Industry (Plastics, Pulp and Paper, Ceramics, Paints and Coatings, Rubber, Pharmaceuticals, Food, and Others)

The North America talc market is expected to grow from US$ 422.18 million in 2022 to US$ 541.38 million by 2028. It is estimated to grow at a CAGR of 4.2% from 2022 to 2028.

Growing Use of Talc in Paper & Pulp Industry Fuels North America Talc Market

Talc is commonly used in the pulp & paper industry as a pitch control agent, coating pigment, and functional filler. It helps enhance the runnability of a paper machine. Talc is used to recycle paper and produce new paper, pulp, and cardboard. The properties of talc prevent pitch agglomeration within the production machine. Talc is used as a filler to give smoothness, porosity, and opacity to paper. Also, in paper production, talc use enhances the quality of finished products and reduces production costs. Various countries in North America are major pulp and paper producers. The demand for paper packaging is increasing in various sectors. Quick service restaurants (QSR) and fast-food restaurants are among the largest users of paper packaging products. Moreover, increasing environmental concerns such as global warming and biodegradability and health problems caused by plastic packaging are bolstering the growth of the paper & pulp industry. As a result, various paper and pulp manufacturers are investing in expanding their production capacities. The growing paper & pulp industry propels the demand for talc, which drives the North America talc market growth.

North America Talc Market Overview

The US, Canada, and Mexico are the key economies in North America. Plastics, paints & coatings, ceramics, pharmaceuticals, rubber, food, and packaging are the major end use industries driving the North America talc market in North America. According to the Government of Canada, North America produces goods and services valued at more than US$ 23 trillion every year. Furthermore, the construction sector in North America is rapidly developing due to a robust economy and increased federal and state financing for public works and institutional structures. Rapid development and urbanization are also driving the demand for ceramics and paints and coatings in North America. North America's construction industry is a major contributor to the region's economy. According to the Associated General Contractors of America (AGC), the US construction industry annually creates US$ 1.4 trillion worth of structures. The rise in construction activities owing to the increasing population and rapidly growing commercial sector across the region is driving the construction sector in North America. These factors are propelling the growth of the North America talc market in North America.

North America Talc Market Revenue and Forecast to 2028 (US$ Million)

North America Talc Market Segmentation

The North America talc market is segmented into deposit type, end use industry, and country.

Based on deposit type, the North America talc market is segmented into talc chlorite and talc carbonate. The talc carbonate segment held a larger share of the North America talc market in 2022.

Based on end use industry, the North America talc market is segmented into plastics, pulp and paper, ceramics, paints and coatings, rubber, pharmaceuticals, food, and others. The ceramics segment held the largest share of the North America talc market in 2022.

Based on country, the North America talc market is segmented int o the US, Canada, and Mexico. The US dominated the share of the North America talc market in 2022.

Elementis Plc; Golcha Minerals Pvt Ltd; Imerys SA; Liaoning Aihai Talc Co Ltd; Minerals Technologies Inc; and SCR-Sibelco NV are the leading companies operating in the North America talc market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America talc market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the North America talc market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.