Global Triclosan Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.
Triclosan is an antibacterial and antifungal agent added to many consumer products such as toothpaste, body washes, soaps, and others cometic products to reduce and prevent bacterial contamination including bacteria, fungus, and mildew etc. It is utilized across different end use industries such as personal care & cosmetics, pharmaceutical, agriculture, and healthcare among others. The rising personal care and cosmetics sector and increasing end use applications of triclosan are factors that are accelerating the global market demand. For instance, according to Cosmetics Europe (The personal care association of Europe) estimates - during 2021, cosmetics industry in Europe was valued at USD 81.46 billion. Further, the largest national markets for cosmetics and personal care products within Europe were estimated as Germany with USD 13.24 billion, France with USD 12.22 billion, Italy with USD 10.79 billion, the UK with USD 10.08 billion, followed by Spain with USD 7.03 billion and Poland USD 4.07 billion. Moreover, as per Statista - as of 2022, the revenue in the global Beauty & Personal Care market is estimated at USD 534 billion and the market is expected to grow annually by 5.86% between 2022 and 2026 to reach to USD 670.61 billion by 2026. Also, growing expansion of pharmaceutical sector in emerging regions and increasing number of R&D activities in pharma sector are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, rising bans due to health concerns associated with triclosan, e.g., in February 2019, Colgate Palmolive announced elimination of triclosan from its toothpaste products coupled with increasing adoption of alternative compounds impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Triclosan Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing pharmaceuticals sector and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of the cosmetics and personal care and increasing penetration of leading market players, would create lucrative growth prospects for the Triclosan Market across the Asia Pacific region.
Major market players included in this report are:
Jiangsu Huanxin High-tech Materials Co. Ltd.
Kumar Organic Products Limited
R. A. DYESTUFFS (INDIA) P. LIMITED
Salicylates And Chemicals Pvt. Ltd.
Shandong Aoyou Biological Technology Co. Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End-use Industry
Personal Care and Cosmetics
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period: 2022 to 2028
Target Audience of the Global Triclosan Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers