During the past five years, the Soap and Cleaning Compound Manufacturing industry has struggled to remain afloat. While some noncommercial and commercial businesses have required additional cleaning products to comply with sanitation regulations, demand was not adequate enough to prompt revenue growth. In the coming years, as per capita disposable income rises, consumers will shift toward relativity high-cost, brand-name soaps and cleaning products. Moreover, downstream markets will likely experience a rise in consumer foot traffic, bolstering demand for industry products.
Operators in this industry produce substances that loosen and remove soil from a surface to maintain personal hygiene, sanitization, clean clothes, linens and furnishings. This industry does not include manufacturers of synthetic glycerin, industrial bleaches or shampoos.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.