Triclosan Market Size (2023-2028):

The Global Triclosan Market size was valued at US$ XX billion in 2022 and is anticipated to grow to US$ XX billion by 2028 and increase at a CAGR of 4.2% between (2023-2028).

Triclosan is treated as an antibacterial and antifungal agent that is a polychoral phenoxy phenol. It is a white crystalline substance that is water-soluble but highly soluble in alkaline solutions. Triclosan is frequently used in goods such as detergents, soaps, kinds of toothpaste, body washes, and cosmetics to prevent the formation of bacteria. Moreover, it is also used to avoid bacterial growth in food storage containers, kitchen utensils, and furniture. In addition, for decades, Triclosan has been utilized in pesticides as an antibacterial agent.

Market Drivers:

The demand for personal care and cosmetic goods is increasing due to rising urbanization. The increased use of Triclosan in cosmetics, personal care, and healthcare items propels the worldwide triclosan market. Triclosan is also found in kinds of toothpaste and is used to reduce gingivitis, oral ulcers, and paradentosis. Additionally, the increased usage of Triclosan in medical devices as coatings on the surface of catheters and surgical sutures and applications such as hand washes is driving market expansion. Furthermore, the triclosan market has seen significant growth due to increased demand for paints and coatings from the construction industry.

Moreover, it is employed as a disinfectant in food processing, contributing to its global development. Triclosan, with the chemical formula C12H7Cl3O2, is a somewhat aromatic antibacterial and antifungal compound. It's a crystalline solid that's white to off-white in colour and soluble in dilute alkali solutions but not water. Triclosan is frequently used in goods such as detergents, soaps, kinds of toothpaste, body washes, and cosmetics to prevent the formation of bacteria. It's also used as a bactericide in food storage containers, kitchen utensils, furniture, and other items. In the cosmetics and personal care industries, Triclosan is utilized as a preservative and biocide. It is used to make medicinal soaps, shampoos, antibiotic-perfumed soaps, face creams, disinfecting liquid soaps, washing powder, and dinnerware detergents, among other personal care items and cosmetics. It stops the growth of microorganisms on products when used as a preservative. In the healthcare industry, Triclosan is used in hand washes and surgical scrubs. In the healthcare industry, it's widely utilized as a disinfectant and antiseptic. In addition, Triclosan is used as a disinfectant in air fresheners, sanitary equipment, and other products. The increased use of Triclosan in cosmetics, personal care, and health care products is driving the worldwide triclosan market. It's extensively used in toothpaste formulations to reduce gingivitis, oral ulcers, and paradentosis. The cosmetics industry's increased demand for Triclosan is expected to drive the triclosan market over the forecast period. One of the primary features of the market is the healthcare industry's rapid expansion. Triclosan is also used as a preservative in paints. Therefore the triclosan market is expected to grow throughout the forecast period as the paints sector expands.

Market Restraints:

The use of Triclosan in medical devices is boosting the overall market for the substance. Triclosan, on the other hand, has several health-related adverse effects. As a result, it is disliked in many countries. As a result, the triclosan market is being hampered by this problem. Furthermore, during the projection period, the availability of replacements such as benzethonium chloride is expected to harm the triclosan market.

TRICLOSAN MARKET REPORT COVERAGE:

Market Segmentation:

Triclosan Market - By Type:

• Pharmaceutical grade
• Industrial grade

Pharmaceutical grade is anticipated to contribute the largest global triclosan market share during the forecast period. Triclosan is broadly utilized as an antimicrobial ingredient. Therefore, it is primarily used in hand washes and surgical hand scrubs in healthcare facilities and hospitals. Moreover, it acts as a crucial player in consumer antiseptic products, including rubs, gels, and hand wipes used to wash hands instead of water or if water is unavailable. 

Triclosan Market - By Application:

• Cosmetics
• Pharmaceuticals
• Others

Majorly Triclosan is used to make medicinal soaps, shampoos, antibiotic-perfumed soaps, face creams, disinfecting liquid soaps, washing powder, and dinnerware detergents, among other personal care items and cosmetics. It stops the growth of microorganisms on products when used as a preservative. Cosmetics serve a variety of functions. Cleanse and protect the body or skin with those developed for personal care and skin care. Makeup can be used to disguise imperfections, accentuate one's natural features (mainly the eyebrows and eyelashes), add color to a person's face, and even transform the appearance of the face totally to resemble a new person creature or item. Cosmetics can also be designed to give the body a pleasant scent. Cleansers, toners, serums, moisturizers, and balms are examples of skincare cosmetics that can be crucially utilized to wash the face, exfoliate, and protect the skin while also renewing it. But, majorly, Shampoo and body wash are designed for more general personal care, which helps clean the body.

On the other hand, Pharmaceutics primarily deals with the process of converting a novel chemical entity (NCE) or an existing substance into a pharmaceutical that can be administered to patients safely and effectively. It's also known as dosage form design science. Many compounds have pharmacological capabilities, but many require precise handling to achieve therapeutically relevant concentrations in their action areas—Pharmaceutics aids in connecting drug formulation and delivery and disposal in the body. Thus, Pharmaceutics is the science of converting a pure pharmacological material into a usable dose form. In the healthcare industry, Triclosan is used in hand washes and surgical scrubs. In addition, in the healthcare industry, it's widely utilized as a disinfectant and antiseptic. Therefore, pharmaceuticals tend to have significant global triclosan market growth in the next six years.

Market Regional Analysis: 

The Triclosan Market Report includes the segmentation of Regions:

• North America 
• Europe 
• Asia Pacific 
• Latin America 
• Middle East and Africa 

Over the next six years, Asia-Pacific is predicted to lead the worldwide triclosan market, owing to rising triclosan usage in personal care, health care, and cosmetic products in developing nations like China and India

North America is estimated to have the highest CAGR in the global triclosan market due to the rapid increase in demand for cosmetics. In addition, personal care products have risen significantly as modern consumers' attitudes toward personal care and grooming have shifted.

Furthermore, the growing healthcare industry in Europe has fueled pharmaceutical sector demand, and the triclosan market is expected to be a substantial opportunity in Europe in the coming years.

The global triclosan market is anticipated to grow in the Middle East and Africa due to increased demand for Triclosan in the paints sector. On the other hand, the triclosan market in Latin America is expected to grow significantly in the coming years.

Impact of COVID-19 on the Triclosan Market:

• According to WHO, the global outbreak of novel coronavirus has significantly impacted the global triclosan market. In addition, transportation constraints and stringent government laws aimed at maintaining social distance among employees in the workplace have resulted in a drop in triclosan production, limiting the worldwide market's growth.
• Because Triclosan is primarily used in non-essential personal care and cosmetics, sales of these items have dropped dramatically during the lockdown. As a result, the demand for Triclosan in the end-user industry has plummeted. 

Market Key Developments:

• At the Bioprocess International Conference in Boston, Spectrum Chemical Mfg. Corp., a major global manufacturer, and distributor of fine chemicals, laboratory equipment, and supplies, will unveil its new certified Cleaning in Place (CIP) high-purity solutions.

Market Key Players:

The companies covered in the report include:

1. Cayman Chemical
2. Dev Impex
3. Salicylates & Chemicals Pvt. Ltd.
4. Jiangsu Huanxin High-tech Materials Co. Ltd.
5. Spectrum Chemical Manufacturing Corp.
6. Shandong Aoyou Biological Technology Co. Ltd.
7. Xian Meheco