Triclosan is a chlorinated aromatic compound and an antibacterial, antifungal, disinfectant, and persevering agent, which is added to consumer products intended to halt bacterial and fungal contaminations. Triclosan carries significant benefits over other antibacterial chemicals, owing to which it has been extensively used in the various end-use industries, including medical, textile, pharmaceutical, cosmetics, paint and coatings, agriculture, and others.
The growth of the triclosan market is driven by rise in urbanization, increase in disposable income, adoption of western culture, and increase in fashion consciousness among people. Triclosan is gaining popularity in the textile sector due to its antibacterial property where it is applied on the cotton fabrics as a finishing agent and antibacterial agent, owing to which it helps increase the shelf life and quality of various fabrics and cotton. This is projected to propel the growth of the triclosan market in the textile industry.
Triclosan is used to kill bacteria and it was an important ingredient in manufacturing of liquid soaps, and other body care products. For instance, according to an article published by Office of Environmental Health Hazard Assessment (OEHHA), the use of triclosan is banned by the U.S. Food and Drug Administration (FDA) as of September 2017. This is because of there are no extra health benefits of using soap containing triclosan as compared to ordinary soap, and the habitual use of antibacterial poses health concerns in humans. These factors together are expected to hamper the growth of the triclosan market.
The rapid increase in the population in both, developed and developing economies, rise in import and export of various cosmetics and skincare products, up-gradation in technology, and increased focus in the cosmetic sector drive the demand for triclosan. The triclosan acts as antibacterial agent, which is used in formulation of various cosmetics and other skin care products, such as creams, deodorants, sunscreens, and other personal hygiene care products. These factors are anticipated to offer remunerative opportunities for the triclosan market during the forecast period.
The triclosan market is segmented on the basis of type, end-use industry, and region. On the basis of type, the market is categorized into industrial grade and pharmaceutical grade. On the basis of end-use industry, it is divided into personal care and cosmetics, healthcare, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global triclosan market profiles leading players, such as BASF SE, Cayman Chemical, DEV IMPEX, Jiangsu Huanxin High-tech Materials Co., Ltd., Kumar Organic Products Limited, Merck KGaA, R. A. DYESTUFFS (INDIA) P. LIMITED, Salicylates and Chemicals Pvt. Ltd., Shandong Aoyou Biological Technology Co., Ltd., and Spectrum Chemical. The global triclosan market report provides in-depth competitive analysis as well as profiles of these major players
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the triclosan market analysis from 2021 to 2031 to identify the prevailing triclosan market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the triclosan market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global triclosan market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Industrial Grade
- Pharmaceutical Grade
By End-use Industry
- Personal Care and Cosmetics
- Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- BASF SE
- Cyaman Chemical
- DEV IMPEX
- Jiangsu Huanxin High-tech Materials Co. Ltd.
- Kumar Organic Products Limited
- Merck KGaA
- R. A. DYESTUFFS (INDIA) P. LIMITED
- Salicylates And Chemicals Pvt. Ltd.
- Shandong Aoyou Biological Technology Co. Ltd.
- Spectrum Chemical
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
Executive Summary
According to the report, titled, “Triclosan Market," the triclosan market was valued at $69.90 million in 2021, and is estimated to reach $111.1 million by 2031, growing at a CAGR of 4.8% from 2022 to 2031.The global triclosan market was valued at $69.9 million in 2021, and is projected to reach $111.1 million by 2031, growing at a CAGR of 4.8% from 2021 to 2031.
Triclosan is a polychloro phenoxy phenol, which is an aromatic compound and acts as an antibacterial and antifungal agent. It is a white crystalline solid, soluble in alkali, and rarely soluble in water. It is frequently added to consumer products for preventing bacterial contaminations. It has a wide range of applications in various end-use industries, including personal care & cosmetics, pharmaceutical, agriculture, healthcare, and others.
The cosmetics and personal care sector is one of the emerging sectors across the globe where triclosan is extensively used in the formulation of various skincare, and body care products, such as soap, lotions, face creams, gels, and moisturizers as an antibacterial, antifungal, and preservative agent. The growing demand from the cosmetics and personal care industry has increased the potential sales of triclosan in the market.
However, there are some standards set by the Food and Drug Administration (FDA) on the use of triclosan. Habitual consumption of triclosan may cause allergic effects, skin irritation, asthma, skin burn, and others. In addition, stringent government rules and regulations on the use of triclosan in consumer products in the U.S. and Europe have hampered the overall market growth. For instance, the U.S. Food and Drug Administration (USFDA) has stated that manufacturers must demonstrate that their consumer products containing triclosan are safe. These factors are restraining the overall growth of the triclosan market.
Rise in population across the globe, rise in infrastructure activity, increase in urbanization, industrialization, and others propel the construction sector growth, where triclosan is used as a coating, preservative, and protecting layer. The triclosan market has witnessed significant growth owing to increase in demand for paint and coating from the construction industry. These factors together are projected to create remunerative opportunities for the expansion of the triclosan market in the future.
The triclosan market is segmented on the basis of type, end-use industry, and region.
By type, the market is segregated into industrial grade and pharmaceutical grade. The industrial grade dominated the global market, in terms of revenue in 2021, with 68% share in the global market. Industrial grade exhibits various industrial products, such as types of machinery, equipment, and others that are extensively used for industrial applications. The triclosan possesses antibacterial and antifungal attributes, owing to which it is widely used in industrial application, such as conveyor belts, ice-making equipment, adhesives, textiles, and other industries. Industrial grade comprises various products and equipment that are being used for industrial applications where triclosan is incorporated into items, such as conveyor belts, as it prevents microbial growth while carrying material and goods In addition, it is widely used in the ice-making equipment and applied directly to HVAC (Heating, ventilation, and air conditioning) coils as an antimicrobial pesticide to prevent the growth of microorganism.
By end-use industry, the market is fragmented into personal care and cosmetics, healthcare, and others. The personal care and cosmetics segment dominated the global market, in terms of revenue in 2021, with 65% share in the global market. The personal care and cosmetics segment comprises diversified skin care products where triclosan plays a significant role in increasing the potential sales of the personal care & beauty care industry. The triclosan is identified as a good source of preservative and biocide, owing to which, it is used in the formulation of cosmetics products, lotions, creams, and others. Region-wise, the triclosan market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The Asia-Pacific triclosan market size is projected to grow at the highest CAGR during the forecast period in 2021. Triclosan pose antibacterial property, making it viable to be used as active ingredient in shaving creams, plastics, and textiles. In addition, low concentration of triclosan is added during formulation of cosmetics and oral care products owing to its bacteriostatic property. The cosmetic industry in China has witnessed tremendous growth owing to factors, such as growing demand for luxury beauty products and rise in sales of cosmetic products. Growing cosmetics industry across China is anticipated to escalate the demand for triclosan, thereby driving the growth of the global triclosan market.
Key players operating in the global triclosan market include, BASF SE, Cayman Chemical, DEV IMPEX, Jiangsu Huanxin High-tech Materials Co., Ltd., Kumar Organic Products Limited, Merck KGaA, R. A. DYESTUFFS (INDIA) P. LIMITED, Salicylates and Chemicals Pvt. Ltd., Shandong Aoyou Biological Technology Co., Ltd., and Spectrum Chemical.
Key Findings of the Study
- By grade, the pharmaceutical grade segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 4.9% from 2022 to 2031.
- By end-use industry, the healthcare segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 5.0% from 2022 to 2031.
- Asia-Pacific garnered the highest share of 38% in 2021, in terms of revenue, growing at a CAGR of 5.1%.
COVID-19 Analysis
- The novel coronavirus is an incomparable pandemic that has spread to over 180 countries and caused huge losses of lives and economy around the globe. The global triclosan market has been moderately affected amid the COVID-19 pandemic. Antibacterial and antifungal property of triclosan makes it viable to be used as active ingredient during formulation of hand sanitizers and other consumer cleaning products. Emergence of COVID-19 has pushed the demand and need for hand sanitizers, antibacterial soaps, and other cleaning products. In addition, several key-players in the triclosan market are offering triclosan, which offers improved antibacterial and antifungal property.
- For instance, Kumar Organics, a triclosan manufacturer conducted a third-party study that further demonstrated that triclosan was effective against HCoV-229E, a COVID-19 strain. In addition, virucidal efficacy of triclosan helps to prohibit the spread of the COVID-19 infection. Use of sanitizers and surface disinfection is primary paramount for limiting the growth of and transmission of virus particles. Moreover, use of triclosan could find its application across protective face masks, wipes, antimicrobial coatings, paints, pipes, door handles, bed foams, cleansers, hygiene products, sanitizers, and medical devices owing to its antibacterial property. All these factors have collectively escalated the demand for triclosan despite the COVID-19 pandemic.
- In addition, antiviral activity of triclosan was studied and the triclosan was capable of blocking the synthesis of fatty acids by inhibiting the enoyl-acyl carrier protein reductase enzyme. Moreover, several assessments were also carried out to demonstrate the antiviral activity of triclosan against murine hepatitis virus (MHV), as a potential surrogate for SARS-CoV.
Companies Mentioned
- Basf Se
- Cyaman Chemical
- Dev Impex
- Jiangsu Huanxin High-Tech Materials Co. Ltd.
- Kumar Organic Products Limited
- Merck Kgaa
- R. A. Dyestuffs (India) P. Limited
- Salicylates and Chemicals Pvt. Ltd.
- Shandong Aoyou Biological Technology Co. Ltd.
- Spectrum Chemical
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 230 |
Published | August 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 69.9 million |
Forecasted Market Value ( USD | $ 111.1 million |
Compound Annual Growth Rate | 4.7% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |