The global talc market is experiencing robust growth, driven by increasing demand across various industries. From paints and coatings to ceramics and cosmetics, talc’s versatility and unique properties are propelling its market value to US$2.35 billion by 2034.
The World Health Organization’s cancer agency has classified talc, a mineral commonly used in cosmetics, as ‘probably carcinogenic’ for humans. This classification, based on limited evidence of a link to ovarian cancer in humans and strong evidence of carcinogenicity in animals, has sparked concerns among consumers but experts caution against drawing definitive conclusions. The classification, which falls under Group 2B, calls for further research and does not necessarily prove talc causes cancer. The announcement follows a recent $700 million settlement by Johnson & Johnson over allegations of misleading customers about the safety of its talcum-based products. While the IARC found evidence of an increased risk of ovarian cancer in women who use talc on their genitals, contamination with asbestos, a known carcinogen, could not be ruled out. Other studies, including one evaluating US cosmetics, found no detectable levels of asbestos in talc-based products. Expert opinion emphasizes that observational studies cannot definitively prove causation, and the IARC’s classification focuses on the potential for cancer under unspecified conditions. The use of asbestos-free talc in most cosmetic products is prevalent, and regulatory agencies continue to monitor the safety of products containing talc.
Johnson & Johnson (JNJ) has announced a settlement of $6.475 billion to resolve lawsuits related to ovarian cancer caused by cosmetic talc. The plan includes a three-month period for ovarian cancer claimants to vote on the settlement terms. If approved by 75% of claimants, the company will file for Chapter 11 bankruptcy to ensure the settlement’s confirmation. Johnson & Johnson has previously settled 95% of mesothelioma lawsuits related to talc exposure and allocated $11 billion to cover talc-related settlements.
