Triclosan Market Size, Growth Strategies 2022-28

The global triclosan market size was valued at USD 68.6 million in 2021 and is expected to reach a value of USD 93.98 million by 2028, growing at a CAGR of 4.6% during the forecast period 2022 to 2028. Polychloro phenoxy phenol, or triclosan, is an aromatic chemical that has antibacterial and antifungal properties. It is a white, crystalline material that is usually soluble in alkali but not in water. It is typically included in consumer goods as a bacterial contamination preventative. In numerous end-use industries, including personal care & cosmetics, pharmaceutical, agricultural, healthcare, and others, it has a wide range of uses. Strong demand for triclosan in the personal care and cosmetics industries is what fuels the growth of the global triclosan market. The personal care and cosmetic industries have grown as a result of factors like rising living standards, the boosting effects of beauty and personal care products on self-esteem, and the quick movement in customer preferences toward expensive and upscale cosmetic companies.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/triclosan-market/

Triclosan Market Growth Factors:
The main driver of the market's expansion is the rising demand for coatings and paints as a result of the expansion of the construction sector's operations. Triclosan's increasing use in healthcare and cosmetics due to its antibacterial and antifungal properties is another factor that is expected to contribute to the market's expansion. However, the availability of alternatives and the installation of government regulatory compliance over its side effects are projected to restrain market growth. The Triclosan Market has also expanded tremendously as a result of factors including rising demand for coatings and paints from the construction sector. Additionally, it is employed as a disinfectant in the production of food, which supports the expansion of the market globally.

Nevertheless, the availability of alternatives and the installation of government regulatory compliance over its side effects are projected to restrain market growth. The Triclosan Market has also expanded tremendously as a result of factors including rising demand for coatings and paints from the construction sector. Additionally, it is employed as a disinfectant in the production of food, which supports the expansion of the market worldwide.

Triclosan Market Segmentation:
1) By Type: Commercial Grade, Technical Grade.
2) Application: Antibacterial Agent, Antifungal Agent, Others.
3) End-User: Personal care, Cosmetics, Healthcare, Others

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=53190

Triclosan Market Regional Analysis:
In 2022, the Asia-Pacific region accounted for 37% of the worldwide triclosan market share. During the forecast period, the region is expected to grow at the highest CAGR of 5.5%. Triclosan has antibacterial properties that make it suitable for usage as an active component in polymers, textiles, and shaving creams. Additionally, due to its bacteriostatic property, triclosan is added in low concentrations while cosmetics and oral care products are being formulated. Due to reasons including the surge in cosmetic sales and the rising demand for high-end beauty goods, China's cosmetic business has experienced enormous growth.

Major players working in the triclosan market are BASF, Cayman Chemical, Dev Impex, Jiangsu Huanxin High-tech Materials Co. Ltd., Salicylates & Chemicals Pvt. Ltd.

Contact:
Mr. Satya
Precision Business Insights | Toll-Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Website: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.