The talc market is intricately tied to mining operations across key regions, with supply chain dynamics influenced by the scale and location of extraction. Major mining regions such as the China, Brazil, India, and Europe play pivotal roles in shaping market features. The abundance and quality of talc deposits in these regions affect supply, influencing market stability and pricing. These mining hubs serve as critical sources, supporting the global demand for talc and dictating market trends.
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Data Bridge Market Research analyses the Indonesia Talc Market is growing with a CAGR of 2.5% in the forecast period of 2022 to 2029. The growth of Indonesia's automotive industry is a significant driver for the talc market, as talc is extensively utilized in the manufacturing of polymer compounds essential for automotive parts. The expanding demand for lightweight and durable materials in vehicle components enhances the reliance on talc, contributing to its increased use in this sector.
Key Findings of the Study
Increasing stringent environmental regulations is expected to drive the market's growth rate
In the Indonesia talc market, stringent environmental regulations play a pivotal role as a driver. Government-imposed environmental standards and regulations may compel industries to reevaluate their manufacturing processes. As companies strive to comply with these regulations, there could be a heightened demand for environmentally friendly alternatives or modifications in talc formulations. This may lead to increased research and development efforts to create sustainable and eco-friendly talc-based products. Consequently, the market may witness a shift towards more environmentally conscious practices, influencing both production methods and consumer preferences for talc applications in various industries.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Year
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2020 (Customizable to 2014-2019)
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Segments Covered
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Deposit Type (Talc Carbonate, Talc Chlorite, and Others), End-Use (Pulp and Paper, Plastic Industry, Ceramics, Paints and Coatings, Cosmetics and Personal Care, Pharmaceuticals, Food Industry, Rubber Industry, and Others)
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Market Players Covered
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Imerys (France), Minerals Technologies Inc. (U.S.), PT. TALC INDONESIA (Indonesia), Nippon Talc Co. Ltd. (Japan), Kaolin (Malaysia) Sdn Bhd. (Malaysia), NISSEI CORPORATION (Japan) and Sibelco (Belgium) among others.
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Indonesia talc market is segmented on the basis of deposit type, and end-use.
- On the basis of deposit type, the Indonesia talc market is segmented into talc carbonate, talc chlorite, and others
- On the basis of end-use, the Indonesia talc market is segmented into pulp and paper, plastic industry, ceramics, paints and coatings, cosmetics and personal care, pharmaceuticals, food industry, rubber industry, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major Indonesia talc market players in Indonesia talc market are Imerys (France), Minerals Technologies Inc. (U.S.), PT. TALC INDONESIA (Indonesia), Nippon Talc Co. Ltd. (Japan), Kaolin (Malaysia) Sdn Bhd. (Malaysia), NISSEI CORPORATION (Japan)
Market Developments
- In 2022, Nippon Talc Co., Ltd. successfully completed the acquisition of FAITH MINERALS (PVT.) LTD., a Pakistan-based company with which it had previously established a joint venture in 2015. This strategic move resulted in FAITH MINERALS becoming a wholly-owned subsidiary of Nippon Talc Co., Ltd., marking a significant development in the company's expansion and control over its operations
- In 2022, Imerys and Safic-Alcan strengthened their distribution collaboartion by extending it to encompass the Turkish market. This agreement broadened the scope of distribution, now covering all mineral fillers such as Kaolin, Talc, Carbonates, PCC, Mica, Diatomite, Perlite, and Wollastonite. Additionally, the collaboration extended its reach to include the rubber and plastics markets, further solidifying the collaboration between the two companies
- In 2021, Minerals Technologies made a significant announcement regarding its Talc products produced at Barretts, MT, and Bay City, TX. The company revealed plans to implement a price increase ranging between 5-10%, depending on the specific product line. This decision reflected the company's strategic approach to navigate market dynamics and maintain competitiveness
- In 2020, Magris Resources Canada Inc. made a significant acquisition by finalizing a deal worth USD 223 million. This deal involved the acquisition of Imerys Talc America Inc., Imerys Talc Vermont Inc., and Imerys Talc Canada Inc. The acquisition was carried out through a definitive stalking-horse agreement, encompassing substantially all the assets of Imerys' North America Talc Business. This business segment included three long-life mines and six processing facilities located in the U.S. and Canada
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