Talc Products Generated Billions in Lawsuits: Why is the Global Talc Market Increasing?
Many of us grew up with talc products like Johnson’s Baby Powder. You may even have used them on your children. But recent investigations by the New York Times and Reuters revealed that Johnson & Johnson, makers of the ubiquitous baby powder, knew for years that asbestos was contaminating its talc-based products. Asbestos, often found in mineral deposits near talc, is a deadly carcinogen.
Talc Product Manufacturers and Suppliers Face Lawsuits
Now Johnson & Johnson, its talc suppliers, and other manufacturers of talc-based products are facing tens of thousands of lawsuits. Consumers who used talc products contaminated with asbestos, a known carcinogen, face ovarian cancer, mesothelioma, and other chronic health conditions. Johnson & Johnson alone faces more than
$3.5 billion in judgments and settlements
against them, with more than 38,000 talc cases still pending.
Global Talc Market Increasing
Despite the dangers of talc-based products, the global talc market is still increasing in size and scope. A recent talc industry report estimated the global market for talc at $1.376 billion for 2021 and projected the market will grow to $1.81 billion by 2028. This is a compound annual growth rate (CAGR) of four percent during the forecast period.
How is Talc Used?
Talc is a common mineral used because of its slippery or soapy feel, which makes it soft to the touch. It has a Mohs scale rating of one, the lowest on the scale of hardness. Despite the dangers, manufacturers still use talc in lump and powder form in many consumer products including:
- Cosmetics
- Crayons
- Plastic
- Roofing materials
- Children's toys
- Chewing gum
- Rubber
- Paint
- Paper
- Food
- Supplements
- Medication
- Baby powder
- Body powder
Consumers should be aware of all the products containing talc that can seriously endanger their health.
You Need Skilled Legal Advice
If you’re facing mesothelioma, cancer, or another chronic health condition that you believe is the result of using talc products, we may be able to help. The Madeksho Law Firm has been helping clients fight for compensation for injuries since 1974. Find out how we can help you. Call us at 1-888-910-6376 or contact us online. Your initial consultation is free, and there's no charge until we recover compensation on your behalf.
