Triclosan Market: Current Analysis and Forecast (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.

The Triclosan Market is expected to grow at a steady rate of around 3% owing to the wide applications of antimicrobial agents, medical devices, textiles, coatings and paints, and the construction sector.

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.

Based on application, the market is categorized into personal care & cosmetics, healthcare, and others. Among these, personal care & cosmetics to hold a significant share of the market in 2021. This is mainly due to being widely used as an antimicrobial agent in personal care and cosmetic products such as soaps, toothpaste, deodorants, and lotions. Additionally, triclosan is very effective at killing bacteria, viruses, and other pathogens, which makes it an attractive ingredient for personal care and cosmetic products.

For a better understanding of the market adoption of the triclosan industry, the market is analyzed based on its worldwide presence in the countries such as 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 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.

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