During the past five years, the Soap and Cleaning Compound Manufacturing industry has contended with steep competition from foreign-based soap manufacturers, which have inundated the domestic market with low-price products. Additionally, in response to low per capita disposable income, many consumers have moved toward low-cost, private-label soap and cleaning products, further restricting industry revenue growth. Many manufacturers have increasingly looked for growth opportunities abroad as domestic growth slows. Nevertheless, soap and cleaning compound manufacturers have used eco-friendly products to appeal to environmentally conscious consumers and attain higher margins, and will continue to spend on research and development as disposable income rises and the market for these products expands.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.