Triclosan Market Research, 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 2022 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 is 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 global triclosan market growth is driven by robust demand for triclosan in the personal care and cosmetic industry. Factors such as improvement in the standard of living, positive effect of beauty and personal care products on self-esteem, and rapid shift of consumers towards luxurious and premium cosmetic brands have spurred the personal care and cosmetic industry. For instance, according to an article published by Cosmetics Europe in 2021, the personal care industry was valued at €80 billion at a retail sales price in 2021. The triclosan carries all the essential assets for the body and skin. Triclosan possesses properties, such as dispersant, anti-viral, cleansing, anti-bacterial, and anti-inflammatory. Due to these attributes, it is mainly used in the manufacture of lotions, face creams, deodorants, soaps, shower gels, and other products. These factors together act as one of the key drivers responsible for the growth of the triclosan market during the forecast period.
However, risk associated with use of triclosan is anticipated to hamper the market growth. The exposure comes mainly by absorption of triclosan through the skin and the lining of the mouth. Leading to such exposure has various side effects, such as dermatitis, skin irritation, and it may develop allergic reactions, especially in children. For instance, according to an article published by Beyond Pesticide, the interference of triclosan in the body is expected to affect the thyroid hormone metabolism and leads to potential endocrine disruption. In addition, exposure to triclosan in children at an early age is believed to lead to the development of allergic reactions, eczema, asthma, and many others. These factors together are predicted to hamper the overall growth of the triclosan market.
On the contrary, the pharmaceutical sector is growing at a rapid pace owing to rise in population, increase in R&D activities, and government initiation and investment in this sector. Furthermore, there are several key manufacturers actively engaged in the production of triclosan due to their widespread functionalities and application in various end-use industries. For instance, Kumar Organic Products Limited, Jiangsu Huanxin High-tech Materials Co., Ltd., and other key players are manufacturing triclosan for the pharmaceutical industry. The pharmaceutical grade triclosan acts as a biocide, antibacterial, antifungal, and disinfectant agent, owing to which, it is predominantly used in the formulation of pharmaceutical products, such as surgical wipes, sterile hand scrub, hand wash, sanitizer, ointments, antiseptic creams, gels, and others. Therefore, the demand for triclosan is expected to increase in the pharmaceutical industry
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 major companies profiled in this report 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.
The Asia-Pacific triclosan market accounted for 38% of the global triclosan market share in 2021, and is projected to grow at the highest CAGR of 5.1% during the forecast period. Triclosan poses antibacterial property, making it viable to be used as an 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. The growing cosmetics industry across China is anticipated to escalate the demand for triclosan, thereby driving the growth of the global triclosan market. Moreover, triclosan contains phenolic group, making it useful to be used during formulation of personal healthcare products, such as hand washes, body washes, and other hygienic care products. Use of triclosan tend to prohibit growth of gram-positive bacteria, gram-negative bacteria, fungi, and viruses. All these factors are escalating the use of triclosan in personal care products, thereby augmenting the growth of the triclosan market in Asia-Pacific.
In 2021, the industrial grade was the largest revenue generator, and is anticipated to grow at a CAGR of 4.7% during the forecast period. 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. This is anticipated to increase the demand for triclosan in industrial applications. Furthermore, triclosan is used as a material preservative in residential and public access premises and is mainly used in shower curtains, floors, mattresses, and others as an antibacterial agent, which helps in reducing the growth of bacteria. This is expected to act as one of the key drivers responsible for the growth of triclosan in industrial applications.
By end-use industry, the personal care and cosmetic segment dominated the global market in 2021, and is anticipated to grow at a CAGR of 4.7% during the forecast period. 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. 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. Rise in population, urbanization, improvement in the standard of living, changing lifestyles, and increased focus in the personal care & beauty care industry have surged the demand for triclosan, where it is used as an preservative and biocide in the formulation of various skin care products, such as body soaps, lotions, face creams, perfumes, and many others. This is augmented to increase the demand for triclosan in the cosmetics industry.
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.
Triclosan Market Report Highlights
| Aspects | Details |
 By Type |
|
 By End-use Industry |
|
 By Region |
|
 Key Market Players | BASF SE, R. A. DYESTUFFS (INDIA) P. LIMITED, DEV IMPEX, Spectrum Chemical, Cyaman Chemical, Shandong Aoyou Biological Technology Co. Ltd., Merck KGaA, Kumar Organic Products Limited, Salicylates And Chemicals Pvt. Ltd., Jiangsu Huanxin High-tech Materials Co. Ltd. |
 Other Key Market Players | Shandong Aoyou, Xian MEHECO, Xiangyun Group, Yichang Yongnuo |
Analyst Review
The global triclosan market is expected to exhibit high growth potential during the forecast period. Triclosan acts as a good source of antibacterial, antifungal, preservative, and disinfectant agent, owing to which, it is extensively used in the pharmaceutical industry, cosmetics, textile, medical, and other end-use sectors.
In addition, triclosan is an excellent source of pesticide and antibacterial dyeing agent, owing to which, it has been used predominantly in the agriculture and textile sector, which is expected to surge the overall demand for triclosan in the upcoming years.
Furthermore, the antibacterial and non-toxic properties of triclosan enable consumers to use them in the form of lotions, face creams, ointments, toothpaste, and other pharmaceutical and skin care products. In response to this, the growing demand for triclosan in the paint and coating from the construction industry is witnessing the significant growth of market. Sustained economic growth and the development of the cosmetic and pharmaceutical sectors have surged the popularity of triclosan.
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. These are the upcoming trends of triclosan market in the world.
Personal care & cosmetics and healthcare are the leading application of triclosan market.
The Asia-Pacific triclosan market size is projected to grow at the highest CAGR during the forecast period in 2021.
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.
BASF SE, Cayman Chemical, Dev IMPEX, Jiangsu Huanxin High-tech Materials Co., Ltd., and Kumar Organic Products Limited are the top companies to hold the market share in triclosan
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