Global Soap And Cleaning Compounds Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
2 Apr, 2021
The soap and cleaning compounds market consists of the sales of soap and cleaning compounds by entities (organizations, sole traders or partnerships) that produce and package soaps and other cleaning compounds, surface active agents, and textile and leather finishing agents used to reduce tension or speed the drying process.
Global Soap And Cleaning Compounds Market Size And Drivers:
The global soap and cleaning compounds market is expected to grow from $180.99 billion in 2020 to $188.09 billion in 2021 at a compound annual growth rate (CAGR) of 3.9%. The market is expected to reach $224.13 billion in 2025 at a CAGR of 4%. This significant rise in demand from the population for end-use products gave a major boost to the overall soap and cleaning compounds market.
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Trends In The Global Soap And Cleaning Compounds Market
Companies in the industry are replacing triclosan and triclocarban with chemicals such as benzalkonium chloride, benzethonium chloride or chloroxylenol (PCMX) as they are known to be harmful to both health and environment. Triclosan and triclocarban are the anti-microbial ingredients used in personal care products to stop or slower the growth of bacteria causing harm. These agents are used in products such as soaps, lotions, hand washes, toothpastes, mouthwashes, soaps, deodorants, and cleaning compounds. The US Food & Drug Administration stated that the manufacturers did not demonstrate the ingredients to be safe for long-term daily use and more effective in preventing illness and spread of infections. They are also found in water bodies, thus affecting the marine life.
Global Soap And Cleaning Compounds Market Segments:
The global soap and cleaning compounds market is further segmented based on type, application, distribution channel, category, end use application and geography.
By Type: Soap And Other Detergents, Surface Active Agents, Polish And Other Sanitation Goods.
By Application: Household, Commercial.
By Distribution Channel: Hypermarkets/Supermarkets, E-Commerce, Pharmacy Stores, Others.
By Category: Mass, Premium.
By End Use Application: Health & Beauty, Dishwash, Clothes, Others.
By Geography: The global soap and cleaning compounds market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global soap and cleaning compounds market, accounting for 31% of the market.
Read More On The Report For The Global Soap And Cleaning Compounds Market At:https://www.thebusinessresearchcompany.com/report/soap-and-cleaning-compounds-global-market-report-2020-30-covid-19-impact-and-recovery
Soap And Cleaning Compounds Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides soap and cleaning compounds market overviews, analyzes and forecasts market size and growth for the global soap and cleaning compounds market, soap and cleaning compounds market share, soap and cleaning compounds market players, soap and cleaning compounds market segments and geographies, soap and cleaning compounds market’s leading competitors’ revenues, profiles and market shares. The soap and cleaning compounds market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.