Soap And Cleaning Compounds Global Market Report 2024

The soap and cleaning compounds market size has grown strongly in recent years. It will grow from $190.89 billion in 2023 to $207.75 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth observed during the historical period in the soap and cleaning compounds industry can be attributed to various factors, including increased awareness of hygiene, population growth, urbanization, industrialization, and the implementation of environmental regulations. These factors have played a significant role in shaping the industry as consumers and businesses seek effective cleaning and sanitizing solutions while complying with environmental standards.

The soap and cleaning compounds market size is expected to see strong growth in the next few years. It will grow to $290.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. Anticipated growth in the forecast period within the soap and cleaning compounds industry can be attributed to various factors, including the growing demand for eco-friendly and sustainable cleaning products, heightened focus on health and safety, the expansion of e-commerce and digitalization, regulatory changes, and the impact of globalization. Major trends expected in the forecast period include the rise of natural and organic cleaning products, the popularity of antibacterial and disinfectant products, the DIY and homemade cleaning solutions movement, the emergence of smart and connected cleaning devices, and the adoption of subscription and refill services to cater to evolving consumer preferences and environmental concerns.

The soap and cleaning compounds market is expected to face challenges due to the high volatility in the raw materials market during the forecast period. This volatility can negatively impact the market as soap and cleaning product manufacturers grapple with the need to balance increasing raw material costs against decreasing sales prices. Moreover, the market is also being adversely affected by the rising rates in trucking, railroad, dry-bulk, and air-freight, which further squeeze profit margins. Manufacturers in this industry are particularly sensitive to fluctuations in raw material costs.

The primary categories within the soap and cleaning compounds industry include soap and other detergents, surface-active agents, polish, and other sanitizing goods. Surface-active agents are substances that can lower the surface tension of a liquid in which they are dissolved, enhancing their ability to spread and wet surfaces. These products can be categorized as mass-produced or premium, and they find applications in both household and commercial settings. The end-use applications vary and can include health and beauty products, dishwashers, textiles, and other applications. The distribution channels through which these products are available include hypermarkets and supermarkets, e-commerce platforms, pharmacy stores, and other distribution channels.

The soap and cleaning compounds market research report is one of a series of new reports that provides soap and cleaning compounds market statistics, including soap and cleaning compounds industry global market size, regional shares, competitors with a soap and cleaning compounds market share, detailed soap and cleaning compounds market segments, market trends and opportunities, and any further data you may need to thrive in the soap and cleaning compounds industry. This soap and cleaning compounds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

In response to concerns about health and environmental safety, companies in the soap and cleaning industry are phasing out the use of triclosan and triclocarban. These chemicals are being replaced with alternatives such as benzalkonium chloride, benzethonium chloride, or chloroxylenol (PCMX). Triclosan and triclocarban are antimicrobial agents commonly found in personal care products, including soaps, lotions, hand washes, toothpaste, mouthwashes, deodorants, and cleaning compounds. The Food & Drug Administration has raised concerns about the safety of these ingredients for long-term daily use and their effectiveness in preventing illnesses and the spread of infections. Additionally, these chemicals have been found in water bodies, leading to environmental concerns and their impact on marine life. Major consumer product companies like P&G and Unilever have ceased using triclosan and triclocarban, opting for alternative chemical ingredients.

Leading companies in the soap and cleaning products market are actively introducing innovative cleaning solutions to gain a competitive edge. One such solution is Triameen Y12D, an exceptionally effective antimicrobial agent known for its broad spectrum of action against bacteria, including mycobacteria, fungi, and specific viruses. This antimicrobial agent is used in various cleaning applications, including household, institutional, and industrial use. For example, in January 2023, Nouryon, a Netherlands-based manufacturer of everyday products spanning personal care, cleaning, paints and coatings, agriculture and food, pharmaceuticals, and building products, launched Triameen Y12D as an advanced disinfection solution in the US cleaning market. What sets Triameen Y12D apart is its use of non-quaternary ammonium technology, its absence of aldehydes and halogens, and its non-sensitizing properties.

Major companies operating in the soap and cleaning compounds market include Procter & Gamble, Unilever PLC, SC Johnson & Son Inc., Henkel AG & Co KGaA, Ecolab Inc., BASF SE, Colgate-palmolive co, Kao Corporation, Reckitt Benckiser Group PLC, The Clorox Co., Method Products PBC, Ecover, Mrs. Meyer's Clean Day, Dr. Bronner's, L'Occitane International S.A., Crabtree & Evelyn, The Body Shop International Limited, Bath & Body Works LLC, Lush Cosmetics, Natura & Co Holding S.A., Avon Products Inc., Beiersdorf AG, Shiseido Company Limited, L'Oreal S.A., Estee Lauder Companies Inc., JohnsonDiversey Inc., Diversey Inc., Betco Corporation, ZEP Inc., Spartan Chemical Company Inc.

Asia-Pacific was the largest region in the soap and cleaning compounds market in 2023. Western Europe was the second-largest region in the soap and cleaning compounds market. The regions covered in the soap and cleaning compounds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the soap and cleaning compounds market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa

The soap and cleaning compounds market consists of the sales of detergents, degreasers, abrasives, and acids. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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