At 3.8% CAGR, South & Central America Talc Market is Projected to be Worth US$ 446.00 Million by 2030, says Business Market Insights

According to Business Market Insights research, the South & Central America talc market was valued at US$ 330.11 million in 2022 and is expected to reach US$ 446.00 million by 2030, registering a CAGR of 3.8% from 2022 to 2030. Growing demand for plastics in automotive industry are among the critical factors attributed to the South & Central America talc market expansion.

Talc is a core additive for all types of ceramics as it helps improve the vitrification process. It also assists in reducing firing temperatures and shortening firing cycles. Since talc has a high-temperature resistance, it improves the thermal shock resistance of ceramics and reduces fractures. Further, the growing demand for smartphones, tablets, and other electronic items that are used daily is predicted to propel the size of the worldwide electronics ceramics market to about US$16 billion by 2026. Ceramics have good heat conductivity and chemical erosion resistance, which makes them a popular choice for the "package" of integrated circuits or microchips. Brazil holds a significant position in the worldwide ceramic tile market, coming in at number three for both production and consumption and sixth for exports, with sales to over 110 nations. In 2023, Brazil's exports of ceramic tiles came to 88.6 million square meters or US$ 392 million in revenue. The US, Paraguay, Argentina, Uruguay, Bolivia, Chile, the Dominican Republic, Colombia, Jamaica, and Honduras were among the top import destinations. 792.9 million square meters of ceramic tiles were produced domestically. Further, the ceramics industry in Brazil has eighty production units, primarily located in three major regional centers: The Northeast area, the states of São Paulo, and Santa Catarina. The nation is a pioneer in sustainability as well. Brazil is the world leader in the production of environmentally friendly ceramics, using the least amount of gas, water, and power per square meter. Thus, the growing ceramics industry is expected to boost talc usage, which would offer lucrative opportunities for the talc market during the forecast period.

On the contrary, health concerns related to usage of talc hampers the growth of South & Central America talc market.

Based on type, the South & Central America talc market is bifurcated into talc chlorite and talc carbonate. The talc carbonate segment held 68.6% share of South & Central America talc market in 2022, amassing US$ 226.40 million. It is projected to garner US$ 309.30 million by 2030 to expand at 4.0% CAGR during 2022-2030.

In terms of application, the South & Central America talc market is categorized into plastics, pulp and paper, ceramics, paints and coatings, rubber, pharmaceuticals, food, and others. The pulp and paper segment held 31.6% share of South & Central America talc market in 2022, amassing US$ 104.30 million. It is projected to garner US$ 148.51 million by 2030 to expand at 4.5% CAGR during 2022-2030.

By country, the South & Central America talc market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 57.5% share of South & Central America talc market in 2022. It was assessed at US$ 189.96 million in 2022 and is likely to hit US$ 261.32 million by 2030, exhibiting a CAGR of 4.1% during 2022-2030.

Key players operating in the South & Central America talc market are Elementis Plc, Golcha Minerals Pvt Ltd, Imerys SA, Liaoning Aihai Talc Co Ltd, Minerals Technologies Inc, and SCR-Sibelco NV, among others.

•    In September 2022, Imerys SA entered the exclusive negotiations with Syntagma Capital for the potential sale of most of its assets producing kaolin, ground calcium carbonate ("GCC"), precipitated calcium carbonate ("PCC") and talc, which primarily serve the paper markets.
  
  
  

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