Triclosan is a common antibacterial and antifungal agent that is a white to off-white crystalline solid, easily soluble in dilute alkali solutions and meagerly soluble in water with a slight aromatic odor. According to BlueQuark Research & Consulting, the global Triclosan market is expected to witness a significant growth rate during the forecasted period. Factors like the increasing use of Triclosan in the personal goods industry as an active antimicrobial ingredient are expected to drive its market growth. Further, the use of Triclosan in the Cosmetics industry as a preservative to prevent bacterial growth is projected to drive the future market. Furthermore, the use of Triclosan in the manufacturing of paints and coatings is expected to drive the market. Moreover, its use as a surface biocide in the food contact materials and as a disinfectant in feed and food production is projected to drive the future market. However, factors like the side effects of Triclosan on human health, such as weakening of the immune system and availability of substitutes, are expected to hinder the future market growth during the forecast period.
Triclosan is used as an antifungal and antibacterial agent to manufacture thousands of personal care and cosmetic products, including toothpaste, mouthwashes, soaps, deodorants, and cleaning products, and other items, including pharmaceutical products.
Personal care products are the biggest consumer of Triclosan and are projected to drive the global market. With the growing inclination of modern consumers towards personal care and grooming, the demand for cosmetics and personal care products has increased rapidly, thereby fueling demand for Triclosan Globally. Triclosan is a broad-spectrum antimicrobial thus, it can be used in cosmetics products, perfume, and deodorants and can also be used as antibacterial/antimicrobial in soaps, hand-wash, liquid sanitizers, oral care for cavity in toothpaste, etc. Further, the primary use of Triclosan, i.e., in maintaining hygiene and health, makes its use more prominent in the sector with more individuals, societies, and organizations moving towards more hygienic ways of life is expected to be the driver in the Triclosan sales. The Procter & Gamble Company posted fiscal 2021 USD 76.1 Billion, a 7 percent year-on-year increase in net sales, showing the industry's growth despite the Covid 19 outbreak. In oral care, Triclosan is used in toothpaste to prevent gingivitis, oral ulcers, and paradentitis. Unilever PLC, the maker of Vaseline, which contains up to 10% of Triclosan, posted a turnover of EUR 13.5 Billion and a total turnover of EUR 25.8 Billion for the first six months of 2021, showing the demand and growth of the global Triclosan market. Thus the use of Triclosan as an antibacterial and antifungal agent in thousands of daily use products has made the use of Triclosan essential.
Some of the major market players in the global market are Kumar Organic Products Limited , Vivimed Labs Limited, Dev Impex, Salicylates And Chemicals, SURAJ IMPEX (INDIA) PVT. LTD ., among others.
The Asia Pacific region is rapidly becoming the leader in Triclosan industry production and consumption, with most of the consumption in countries like China and India. The demand for personal care products, cosmetics, and pharmaceuticals is enormous in the region since more than half of the world's population lives there. Further, the use of Triclosan as a preservative in paints and other coatings in the construction industry is expected to grow the demand in the region. Moreover, it is used as surface biocide in the food contact materials and as a disinfectant in feed and food production. Growing demand from the Asia Pacific region for better products in the personal care, cosmetics, and pharmaceutical industries has made the Triclosan an essential material for the region's growth. The increase in the use of Triclosan in medical devices as coatings on the surface of catheters and surgical sutures and in applications such as hand washes propel the market growth for Triclosan. Factors like these have made the Asia Pacific an essential region for growth in the Triclosan market in the forecast period.
Global Triclosan Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Triclosan market by segmenting based on the Type (Industrial Grade, Pharmaceutical Grade), Purity(98% Purity, 99% Purity, >99% Purity), Application (Personal Care Products, Cosmetics, Paints, Disinfection and Medical, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, market analysis, market dynamics, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.