Triclosan Market - New Actionable Insights 2023

 

According to a new report published by UnivDatos Markets Insights, the 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. The analysis has been segmented into Type (Industrial Grade and Pharmaceutical Grade); Application (Personal Care & Cosmetics, Healthcare, and Others); Region/Country.

The triclosan market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the triclosan market. The triclosan market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the triclosan market at the global and regional levels.

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Market Overview

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.

Factors such as the increasing use of antimicrobial agents, medical devices, textiles, coatings, and paints, and the construction sector., increasing adoption, and product launches in the market are some of the prominent factors that are positively influencing the market growth globally.

Some of the major players operating in the market 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.; Spectrum Chemical

COVID-19 Impact

The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted industries and has transformed the way industries are delivered. The triclosan market has been significantly affected during these times owing to the delay in the supply chain, manufacturing, production, import, export, and many other factors during the pandemic.

The global triclosan market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

·        Based on type, the market is bifurcated into industrial grade and pharmaceutical grade. The pharmaceutical grade accounted for a significant market share in 2021. This is mainly due to the higher purity form of triclosan that is manufactured to meet specific quality standards required for use in pharmaceutical products. This form of triclosan is typically produced using more rigorous manufacturing processes and undergoes additional testing to ensure that it meets strict quality standards.

·        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.

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Triclosan Market Geographical Segmentation Includes:

·        North America (U.S., Canada, Rest of North America)

·        Europe (Germany, U.K., France, Spain, Italy, Rest of Europe)

·        Asia-Pacific (China, India, Japan, Rest of Asia-Pacific)

·        Rest of the World

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. 

The major players targeting the market 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. 

·        Spectrum Chemical

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the triclosan market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the triclosan market?

• Which factors are influencing the triclosan market over the forecast period?

• What are the global challenges, threats, and risks in the triclosan market?

• Which factors are propelling and restraining the triclosan market?

• What are the demanding global regions of the triclosan market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

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