Triclosan Market: Current Analysis and Forecast (2022-2028)

Report Description

Global Triclosan Market was valued at more than USD 69.9 million in 2021 and is expected to grow at a CAGR of around 3% from 2022-2028. Triclosan is defined as a synthetic antibacterial and antifungal chemical that is used in a variety of consumer and personal care products, including soaps, toothpaste, and deodorants. Triclosan works by disrupting bacterial cell membranes, which can help to kill or inhibit the growth of bacteria, viruses, and other pathogens. In recent years, Triclosan is developed as a surgical scrub for healthcare workers, but its use has since expanded to a wide range of consumer products. Additionally, the wide applications of antimicrobial agents, medical devices, textiles, coatings, and paints, and the construction sector are increasing the demand for triclosan in the market.

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.; Spectrum Chemical are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, industrial grade category is to witness a higher CAGR during the forecast period”

Based on type, the market is bifurcated into industrial grade and pharmaceutical grade. The industrial grade category is to witness a higher CAGR during the forecast period. This is because industrial grade triclosan is used in products like conveyor belts to stop microbial growth while transporting goods and materials. Also, triclosan is frequently applied directly to HVAC (Heating, ventilation, and air conditioning) coils as an antimicrobial pesticide to stop the growth of microorganisms and is widely used in ice-making equipment. This is expected to raise triclosan’s demand in industrial settings. Additionally, triclosan is employed as a material preservative in residential and public access buildings. It is mostly used as an antibacterial agent in shower curtains, floors, beds, and other items to help slow the spread of bacteria.

“Amongst application, healthcare to hold a significant share in the market in 2020”

Based on application, the market is categorized into personal care & cosmetics, healthcare, and others. Among these, healthcare to hold a significant share in the market in 2020. Triclosan has been used in healthcare settings for many years as an antimicrobial agent to help prevent the spread of infections. It is used in a variety of healthcare products, including hand sanitizers, soaps, and disinfectants. In addition, triclosan has been used as an ingredient in wound dressings and other medical devices to help prevent infections. The antimicrobial properties of triclosan make it an effective ingredient for these applications, as it can help to kill bacteria and other pathogens that can cause infections.

“APAC to hold a significant share in the market”

In 2021, APAC is anticipated to grow at a substantial CAGR during the forecast period owing to its wide use in personal care and household cleaning products due to its effective antimicrobial properties. Also, the APAC region is one of the largest markets for personal care and household cleaning products globally and is considered by growing consumer demand for such products, driven by increasing awareness of hygiene and health, as well as growing populations and rising incomes.

Triclosan Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global triclosan market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Triclosan Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global triclosan market were the three major steps undertaken to create and analyze the adoption of triclosan in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global triclosan market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the triclosan market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the triclosan market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the triclosan market. Further, we conducted factor analysis using dependent and independent variables such as various type and applications of triclosan. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the triclosan market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global triclosan market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the triclosan market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global triclosan market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global triclosan market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and application in the global triclosan market.

The main objective of the Global Triclosan Market Study

The current & future market trends of the global triclosan market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the triclosan market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type and application.
• Define and analysis of the regulatory framework for the triclosan
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the triclosan market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the triclosan market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
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