Talcum Powder Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Scented, Regular); Distribution channel (Supermarkets and Hypermarkets, Convenience stores, Online retail, Others) and Geography
Talcum powder is made from talc and is a mineral made up mainly of magnesium, silicon, and oxygen. It absorbs moisture well and helps cut down on friction, which makes it helpful in keeping skin dry and helping to prevent rashes. It is mainly used in cosmetic products such as baby powder and adult body and facial powders, and several other consumer products.
The "Global Talcum Powder Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the talcum powder market with detailed market segmentation by type, distribution channel, and geography. The report provides key statistics on the market status of the leading talcum powder market players and offers key trends and opportunities in the market.
- Based on type, the global talcum powder market is segmented into scented and regular.
- Based on distribution channel, the global talcum powder market is segmented into hypermarkets & supermarkets, convenience stores, online retail, and others.
MARKET DYNAMICS Drivers:
- Ability to absorb moisture and provide lubrication at the same time.
- Increase in disposable income in emerging economies such as India and China.
- Increasing use of talcum powder for babies which has long been a medicine-cabinet staple, used to prevent irritation and absorb moisture.
- Increasing use in cosmetics: lipstick, mascara, face powder, blush.
- Stringent government regulations.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The talcum powder market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the talcum powder market in these regions.
IMPACT OF COVID-19 ON TALCUM POWDER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
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The report covers key developments in the talcum powder market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from talcum powder market are anticipated to lucrative growth opportunities in the future with the rising demand for talcum powder in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the talcum powder market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Johnson and Johnson
- Colgate-Palmolive Company
- Mondo Minerals
- Specialty Minerals Inc
- IMI FABI Talc Company
- Golcha Group
- Beihai Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. Johnson and Johnson
2. Colgate-Palmolive Company
4. Mondo Minerals
5. Specialty Minerals Inc
6. IMI FABI Talc Company
7. Golcha Group
10. Beihai Group