The North America Triclosan Market would witness market growth of 4.3% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 967.0 Tonnes, showcasing a growth of 3.5% (2019-2022).
The industrial grade variant serves as a key component in various applications across different industries. Primarily, it finds extensive use in the manufacturing of personal care products, including soaps, hand sanitizers, and toothpaste. Due to its antimicrobial properties, industrial-grade variant effectively inhibits the growth of bacteria, making it a popular ingredient for products aimed at promoting hygiene and cleanliness. Therefore, the US Market utilized 9,222.9 Tonnes in the Industrial grade in 2022.
The US market dominated the North America Triclosan Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $18.5 Million by 2030. The Canada market is experiencing a CAGR of 6.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.7% during (2023 - 2030).
Triclosan is an aromatic polychloro phenoxy phenol with antibacterial and antifungal properties. Rarely soluble in water, it is a white, crystalline substance that dissolves in alkali. It is often used in consumer products to prevent bacterial contamination. One of the primary drivers behind adopting this is its proven efficacy as an antimicrobial agent.
Triclosan exhibits broad-spectrum activity against a wide range of bacteria, making it effective in inhibiting the growth of both Gram-positive and Gram-negative organisms. This antimicrobial activity has positioned this as a key ingredient in multiple consumer and industrial products, including soaps, hand sanitizers, toothpaste, and medical devices.
As per the International Trade Administration (ITA), in the first half of 2022, the Canadian cosmetics industry was the fastest-growing industry in the country. In 2022, Canada’s personal care and beauty sector earned around $11 billion in revenue. The cosmetic industry in Canada demands antimicrobial ingredients to ensure product safety and longevity. Canadian consumers are increasingly conscious of hygiene and product safety, driving demand for cosmetics with antimicrobial properties. Hence, the factors mentioned above will drive the regional market growth.
Free Valuable Insights: The Triclosan Market is Predict to reach USD 106.5 Million by 2030, at a CAGR of 4.5%
Based on Type, the market is segmented into Industrial, and Pharmaceutical. Based on Application, the market is segmented into Personal Care & Cosmetics, Healthcare, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Type (Volume, Tonnes, USD Billion, 2019-2030)
By Application (Volume, Tonnes, USD Billion, 2019-2030)
By Country (Volume, Tonnes, USD Billion, 2019-2030)
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