“Global Triclosan Market to reach a market value of USD 106.5 Million by 2030 growing at a CAGR of 4.5%”
The Global Triclosan Market size is expected to reach $106.5 million by 2030, rising at a market growth of 4.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 5,077.1 Tonnes, experiencing a growth of 3.7% (2019-2022).
The Asia Pacific region is witnessing rapid urbanization, rising disposable incomes, and changing lifestyles, leading to increased spending on personal care products. Therefore, the Asia Pacific region captured $30.9 million revenue in the market in 2022. The expanding healthcare infrastructure in countries across the Asia Pacific region drives its demand in healthcare settings.
Foodborne illnesses pose significant public health risks and can result in severe health consequences, including hospitalization and even death. As a result, there is heightened awareness and concern among consumers, regulatory agencies, and food manufacturers regarding food safety. Therefore, the market is expanding significantly due to the growing prevalence of foodborne illnesses.
Additionally, triclosan is extensively used in veterinary healthcare products to promote animal health and prevent infections. Veterinary clinics, animal hospitals, and livestock farms utilize such products such as wound cleansers, antiseptic solutions, and oral care formulations to treat wounds, prevent infections, and maintain animal hygiene. Thus, because of the expansion of the animal health industry, the market is anticipated to increase significantly.
However, regulatory authorities require safety assessments and toxicological studies to examine the potential health effects of its exposure. These assessments may involve reviewing scientific data on it’s toxicity, carcinogenicity, reproductive effects, and endocrine-disrupting properties. Thus, regulatory restrictions can slow down the growth of the market.
Based on application, the market is classified into personal care & cosmetics, healthcare, and others. In 2022, the personal care & cosmetics segment witnessed 63.7% revenue share in the market. This prevents the growth of germs that cause odour on the skin and is used in deodorants and antiperspirants.
By type, the market is categorized into industrial and pharmaceutical. The pharmaceutical segment covered 31.9% revenue share in the market in 2022. This is incorporated into wound care products such as antiseptic creams, ointments, and wound dressings to prevent infections and promote wound healing.
Free Valuable Insights: Global Triclosan Market size to reach USD 106.5 Million by 2030
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region acquired 24.7% revenue share in the market. North America has witnessed a growing demand for antimicrobial products among consumers seeking enhanced hygiene and protection against pathogens.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 75.3 Million |
| Market size forecast in 2030 | USD 106.5 Million |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 4.5% from 2023 to 2030 |
| Quantitative Data | Volume in Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Number of Pages | 227 |
| Number of Tables | 490 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Type, Application, Region |
| Country scope |
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| Companies Included | BASF SE, Cayman Chemical Company, Inc., Merck KGaA, Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.), Jiangsu Huanxin High-tech Materials Co., Ltd., R A Dyestuffs India Private Limited, Kumar Organic Products Limited, Dev Impex , Salicylates and Chemicals Private Limited, Shandong Aoyou Biological Technology Co. Ltd |
By Type (Volume, Tonnes, USD Billion, 2019-2030)
By Application (Volume, Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Tonnes, USD Billion, 2019-2030)
This Market size is expected to reach $106.5 million by 2030.
Growing prevalence of foodborne illnesses are driving the Market in coming years, however,Significant regulatory restrictions issues restraints the growth of the Market.
BASF SE, Cayman Chemical Company, Inc., Merck KGaA, Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.), Jiangsu Huanxin High-tech Materials Co., Ltd., R A Dyestuffs India Private Limited, Kumar Organic Products Limited, Dev Impex , Salicylates and Chemicals Private Limited, Shandong Aoyou Biological Technology Co. Ltd
In the year 2022, the market attained a volume of 5,077.1 Tonnes, experiencing a growth of 3.7% (2019-2022).
The Industrial segment is generating highest revenue in the Market, By Type in 2022; there by, achieving a market value of $70.4 Million by 2030.
The Asia Pacific region dominated the Market, By Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $44.3 Million by 2030.
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