Soap & Cleaning Compound Manufacturing in the US
Over the past five years, the Soap and Cleaning Compound Manufacturing industry contended with steep competition from foreign-based soap manufacturers. Foreign manufacturers benefit from lower wage and operating expenses abroad and, as a result, have inundated the market with competitively priced soap products. In response, domestic soap and cleaning compound manufacturers have advertised ecofriendly products to appeal to environmentally conscious consumers, which has helped buoy demand. Over the next five years, as per capita disposable income rises and the unemployment rate stays low, many consumers are expected to slowly shift to relatively higher-cost, brand-name soaps and cleaning products. Additionally, increasing demand from downstream markets, such as restaurants, hotels and other accommodation industries, will require more cleaning products to comply with regulations and maintain cleanliness in line with the rise in consumer foot traffic.
This industry produces substances that loosen and remove soil from a surface for personal hygiene, sanitization or cleaning clothes, linens and furnishings. The 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.
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