Key findings: Triclosan
This procurement market intelligence report on triclosan analyzes the impact of regional and global regulations on the procurement process. The report also offers an analysis of the US supply market and market entry barriers to help buyers and suppliers achieve cost-savings.
Triclosan is a common antibacterial and antifungal agent that is present in many consumer products. Soaps, detergents, toothpaste, toys, and surgical cleaning instruments are examples of consumer goods that utilize triclosan. However, recent studies indicate that triclosan has numerous side-effects, which may impede its adoption among end-user industries. In this report, experts state that the rising health concerns about the long-term consumption and use of triclosan will negatively impact category growth. Triclosan causes hormonal changes since it interferes with molecules in the body that binds to receptors called aryl-hydrocarbon. Normally, when this reactor is activated, it initiates cell division but when triclosan binds to it, hormonal changes are triggered. This leads to hormonal imbalances, abnormal endocrine signaling, and congenital disabilities. The after-effects associated with the use of triclosan will result in the decelerating spend growth momentum for this category.
To know more about the year-over-year spend growth rate, download a free sample report.
Purchasing triclosan at a time when consumers have started focusing on the health effects of such compounds is no easy task for companies. Our reports offer a comprehensive overview of the global and regional supply market, cost drivers, category risks, and supplier ecosystem to help procurement teams determine the best possible strategies for procuring triclosan at cost-effective rates.
Our portfolio of reports for the chemicals category help buyers understand:
- Global and regional spend potential for triclosan for the period of 2017-2022
- Risk management and sustainability strategies
- Incumbent supplier evaluation metrics
- Pricing outlook and factors influencing the procurement process
Analyze the global category spend for triclosan
The antimicrobial and antibacterial properties of triclosan make it a preferred compound for manufacturing consumer goods. An analysis of the market space reveals that the consumption of triclosan will be between be 4,500-6,000 tons per year, with segments such as oral care accounting for the largest market share. Every year, this segment consumes more than 1,000 tons of triclosan and will continue to do so in the years to come, owing to its ability to offer protection against gingivitis and periodontics. At present, the global category spend looks promising, but experts believe that by 2022, the global category spend will be much lower than what it is now. For more information on the exact spend growth rate and yearly category spend, download a free sample.
This procurement research report offers a coverage of:
- Regional spend dynamism and factors impacting costs
- Total cost of ownership and cost-saving opportunities
- Supply chain margins and pricing models
Optimize category spend for triclosan
At a time when adulteration and counterfeiting have started posing challenges for buyers, procuring triclosan from the right supplier has become quintessential for businesses. Purchasing triclosan from low-cost countries is not an advisable approach since they have weaker regulations. A failure to recognize such products can be risky for buyers as it might increase legal costs, instances of product recalls, and replacements. Buyers should, therefore, procure triclosan from suppliers who can help trace the raw materials involved in the production process.
This market intelligence report also offers a coverage of:
- Key category management objectives
- Supplier cost breakup
- Category pricing dynamics
Assess category spend for the US region
Though triclosan has always been one of the key contributors to the healthcare industry in the US, the FDA’s ban on triclosan-based products in personal care and healthcare industries will impede the market’s growth potential in the United States. It is also used in healthcare equipment such as stents and sutures, but the prolonged use of triclosan has resulted in bacteria becoming resistant to it. The FDA has, therefore, decided to ban triclosan-based products to curb instances of disease outbreaks.
Additional information offered in this sourcing and procurement report will help buyers analyze:
- Margins of suppliers in the US
- Category spend in the US
- Price outlook and forecasts until 2023
Build strategies for effective supplier selection
Selecting a supplier on the basis of supply consistency is one of the best strategies to reduce excess spend. Consistent supply is crucial for buyers as it helps them to meet production targets and improve asset utilization. To evaluate consistency levels, buyers must assess the number of shipment delays, duration of delay, and supply shortages within the contract period.
This sourcing and procurement report identifies the major costs incurred by suppliers and provides additional information on:
- Competitiveness index for suppliers
- Market favorability index for suppliers
- Supplier and buyer KPIs
Devise effective category management strategies for triclosan
Meeting production deadlines and reducing inventory holding costs is crucial for buyers. Assuring continuous supply ensures high plant utilization rates and helps buyers prevent instances of production halts in their facilities. In addition, adherence to regulatory nuances is another factor that buyers must consider before engaging with an appropriate supplier. This is an extremely crucial step for better category management since, in the US, triclosan is constantly under scrutiny by leading regulatory bodies such as the FDA due to its carcinogenic properties.
Key insights offered in this market intelligence report will help the buyers identify:
- Risk mitigation strategies
- Cost-saving opportunities: Supply-side levers
- Supplier relationship management strategies
Determine the spend dynamics for key geographies
Though the spend momentum is decreasing across different geographies, the lateral use of triclosan in manufacturing industries will drive its consumption and partially offset the decline in major end-user industries such as personal care and healthcare. Last year, South America was one of the regions with the lowest spend on triclosan. However, with the rising demand for triclosan from the oral care segment, regions such as North America will witness a higher spend.
Key geographies analyzed in this procurement research report include the following:
- North America
- South America
Information on the top triclosan suppliers and major risks faced while procuring triclosan is offered in this market intelligence report. Download a free sample to access the report’s complete scope of coverage.