Global Soap And Cleaning Compounds Market Research 2024, Forecast To 2033
19 Jan, 2024
The market for soap and cleaning compounds has grown robustly, surging from $190.89 billion in 2023 to $207.75 billion in 2024, displaying an 8.8% CAGR. Historical growth is attributed to hygiene awareness, population growth, urbanization, industrialization, and environmental regulations. Projections for 2028 estimate a strong expansion to $290.33 billion, with an 8.7% CAGR. Key contributors include the rising demand for eco-friendly cleaning products, health and safety concerns, e-commerce, regulatory changes, and globalization. Notable trends encompass natural and organic products, antibacterial solutions, DIY cleaning, smart cleaning devices, and subscription services.
Global Soap And Cleaning Compounds Market Key Driver
The automotive industry's growth is anticipated to propel the soaps and cleaning products market. Cleaning compounds and soaps play a vital role in vehicle care, manufacturing, and overall hygiene within the automotive sector. In March 2022, the European Automobile Manufacturers' Association reported a 5.5% increase in US passenger car sales in 2021. The automotive industry's expansion directly influences the demand for soaps and cleaning products.
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The soap and cleaning compounds market covered in this report is segmented –
1) By Type: Soap and Other Detergents, Surface Active Agents, Polish and Other Sanitation Goods
2) By Application: Household, Commercial
3) By Distribution Channel: Hypermarkets/Supermarkets, E-Commerce, Pharmacy Stores, Other Distribution Channels
4) By Category: Mass, Premium
5) By End User Application: Health & Beauty, Dishwash, Clothes, Other End Use Applications
By Geography: 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. Among these regions
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.
Major Soap And Cleaning Compounds Industry Players
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.
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Soap And Cleaning Compounds Market Overview
The soap and cleaning compounds refer to cleaning products, surface-active agents, and textile and leather finishing agents used to clean, reduce tension, or speed the drying process. These products generally contain spreading and wetting properties.
Soap And Cleaning Compounds Global Market Report 2023 provides data on the global soap and cleaning compounds market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The soap and cleaning compounds market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.