Global Electric Dryers Market

The dry-cleaning and laundry services market consists of sales of dry-cleaning and laundry services and related goods by entities (organizations, sole traders and partnerships) that operate coin-operated or similar self-service laundries and drycleaners; provide dry-cleaning and laundry services (except coin-operated); and/or supply, on a rental or contract basis, laundered items such as uniforms, gowns, and shop towels. Establishments in the dry-cleaning and laundry services industry are mainly involved in washing and/or cleaning clothes and linen and include coin-operated laundries and drycleaners, dry-cleaning and laundry services, linen suppliers and industrial launderers. The main types of dry-cleaning and laundry services are coin-operated laundries and drycleaners, dry-cleaning and laundry services (except coin-operated) and linen and uniform supply. A coin-operated laundry or dry-cleaning business is a public location where customers can use customer-operated machines to launder or dry clean garments and other materials for a fee. The different end users include commercial dry-cleaning and laundry services, residential dry-cleaning and laundry services, coin-operated laundries and drycleaners and available through various distribution channels such as offline, online. The global dry-cleaning and laundry services market size is expected to grow from $104.23 billion in 2021 to $111.93 billion in 2022 at a compound annual growth rate (CAGR) of 7.4%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The dry-cleaning and laundry services market is expected to reach $141.50 billion in 2026 at a CAGR of 6.0%. Gradual shift in customer spending towards tourism is expected to positively impact the hospitality sector in the forecast period driving the market for dry-cleaning and laundry services. In order to cater to increasing tourists' demands, hotels are coming up with new business models where the rooms are available for multiple bookings on a single day. This in turn is expected to increase the number of times a linen is changed in a hotel room on a daily basis, increasing the amount of linen to be washed after every change. This business model is expected to drive the demand for dry-cleaning and laundry services in the hospitality industry, where hotels prefer using a professional launderette to optimize operations time and keep quality services. Therefore, the growth of the hospitality industry is expected to drive the dry-cleaning and laundry services market. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the dry-cleaning and laundry services market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of lockdown and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the dry-cleaning and laundry services market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Use of cashless self-service laundries or coin-operated laundries and drycleaner machines is growing across the world. This growth is primarily due to emergence of cards and other alternative electronic payment methods such as RFID contactless credit cards, or NFC enabled mobile wallets that provide a cost-effective alternative to handle cash and are also easy to use. Apart from this, cashless laundry machines also provide relief from painstaking cash management in laundries, and secure solutions over cash operated machines, which have to be carefully monitored for thefts. For instance, companies such as 'Texas Coin And Commercial Laundry' and 'Lone Star Laundromat Services' based in Texas, USA are laundry service providers that adopted cashless laundry services. Major companies in the dry-cleaning and laundry services market include Elis SA, Spotless Group Holdings Ltd, CSC Serviceworks Holdings Inc., Johnson Service Group, Downer EDI Limited, K Bro Linen Inc., Atlantic City Linen Supply LLC, Linen King LLC and Radiant Services Corporation. North America was the largest region in the dry-cleaning and laundry services market in 2021. Asia Pacific was the second largest region in the dry-cleaning and laundry services market. The regions covered in the dry-cleaning and laundry services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the dry-cleaning and laundry services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global dry-cleaning and laundry services market is segmented - 1) By Type: Coin-Operated Laundries and Drycleaners, Dry-Cleaning and Laundry Services (except Coin-Operated), Linen and Uniform Supply 2) By End-Use: Commericial Dry-Cleaning and Laundry Services, Residential Dry-Cleaning and Laundry Services, Coin-Operated Laundries and Drycleaners 3) By Distribution Channel: Offline, Online

The electric dryers manufacturing market consist of sales of clothes dryers. The clothes dryers are extensively employed by the household consumers for carrying out the activity of drying clothes. The main function that is performed by the device is to soak up the moisture from the clothes, lessen the aroma level, and eliminate dust-mites from the clothes. The main types of dryers are spin dryers, condenser dryers, heat pump dryers, mechanical steam compression dryers, solar clothes dryers and others. The various vent types include vented dryer and ventless/condenser dryer. A spin dryer is a low-energy dryer that uses centrifugal force to remove water from clothes. These dryers are typically much smaller than standard clothes dryers and do not use heat to dry clothes; instead, they rely on centrifugal force. The dryers are distributed through specialty stores, company-owned stores, hypermarkets and supermarkets, online and other sales channels and are used by commercial and residential end-users. The global electric dryers manufacturing market size is expected to grow from $12.43 billion in 2021 to $14.60 billion in 2022 at a compound annual growth rate (CAGR) of 17.4%.The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The electric dryer manufacturing market is expected to reach $22.43 billion in 2026 at a CAGR of 11.3%. Technological advances is expected to drive the growth of the market for dryers in the forecast period. Increased access to the internet and use of smartphones supported the development and consumption of innovative technologically enabled appliances. About 4.66 billion people globally had access to the internet in 2020 and 91% of internet users accessed the web from a mobile device. Furthermore, increasing integration of the Internet of Things (IoT) allowed customers to connect with the dryers via internet and remotely control essential tasks by collecting and exchanging data. This in turn drives the market for dryers. Increasing demand for online on demand laundry services is expected to restrain the market for dryers in the forecast period. The on-demand laundry services market is expected to be aided by stable economic growth forecast in many developed and developing countries. The International Monetary Fund (IMF) stated that the global real GDP growth was 3.7% in 2019 and will be 3.6% from 2021 to 2023. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. For instance, China registered GDP growth of 6.2% in 2019. Stable economic growth, increasing internet penetration, and rising disposable income coupled with hectic lifestyle of individuals will lead to an increase in on demand laundry services, thereby limiting the growth of the market for dryers. Dryer manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. Energy efficient appliances are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy efficient appliances. For example, in the USA, ENERGY STAR certified dryers use 20% less energy than a standard washing machine. Major players in the electric dryers manufacturing market are Haier Electronics Group, LG Electronics, SAMSUNG, Robert Bosch, Koninklijke Philips, Whirlpool, Panasonic, Groupe SEB, HAAN, Conair. Asia Pacific was the largest region in the electric dryers manufacturing market in 2021. Western Europe was the second-largest region in the dryers market. The regions covered in the electric dryers manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the dryers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global dryers market is segmented - 1) By Type: Spin Dryers, Condenser Dryers, Heat Pump Dryers, Mechanical Steam Compression Dryers, Solar Clothes Dryer, Others 2) By Type of Vent: Vented Dryer, Ventless/Condenser Dryer 3) By Distribution Channel: Specialty Stores, Company-Owned Stores, Hypermarkets and Supermarkets, Online, Others 4) By End-User: Commercial, Residential

The electric dryers manufacturing market consist of sales of clothes dryers. The clothes dryers are extensively employed by the household consumers for carrying out the activity of drying clothes. The main function that is performed by the device is to soak up the moisture from the clothes, lessen the aroma level, and eliminate dust-mites from the clothes. The main types of dryers are spin dryers, condenser dryers, heat pump dryers, mechanical steam compression dryers, solar clothes dryers and others. The various vent types include vented dryer and ventless/condenser dryer. A spin dryer is a low-energy dryer that uses centrifugal force to remove water from clothes. These dryers are typically much smaller than standard clothes dryers and do not use heat to dry clothes; instead, they rely on centrifugal force. The dryers are distributed through specialty stores, company-owned stores, hypermarkets and supermarkets, online and other sales channels and are used by commercial and residential end-users. The global electric dryers manufacturing market size is expected to grow from $12.43 billion in 2021 to $14.60 billion in 2022 at a compound annual growth rate (CAGR) of 17.4%.The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The electric dryer manufacturing market is expected to reach $22.43 billion in 2026 at a CAGR of 11.3%. Technological advances is expected to drive the growth of the market for dryers in the forecast period. Increased access to the internet and use of smartphones supported the development and consumption of innovative technologically enabled appliances. About 4.66 billion people globally had access to the internet in 2020 and 91% of internet users accessed the web from a mobile device. Furthermore, increasing integration of the Internet of Things (IoT) allowed customers to connect with the dryers via internet and remotely control essential tasks by collecting and exchanging data. This in turn drives the market for dryers. Increasing demand for online on demand laundry services is expected to restrain the market for dryers in the forecast period. The on-demand laundry services market is expected to be aided by stable economic growth forecast in many developed and developing countries. The International Monetary Fund (IMF) stated that the global real GDP growth was 3.7% in 2019 and will be 3.6% from 2021 to 2023. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. For instance, China registered GDP growth of 6.2% in 2019. Stable economic growth, increasing internet penetration, and rising disposable income coupled with hectic lifestyle of individuals will lead to an increase in on demand laundry services, thereby limiting the growth of the market for dryers. Dryer manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. Energy efficient appliances are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy efficient appliances. For example, in the USA, ENERGY STAR certified dryers use 20% less energy than a standard washing machine. Major players in the electric dryers manufacturing market are Haier Electronics Group, LG Electronics, SAMSUNG, Robert Bosch, Koninklijke Philips, Whirlpool, Panasonic, Groupe SEB, HAAN, Conair. Asia Pacific was the largest region in the electric dryers manufacturing market in 2021. Western Europe was the second-largest region in the dryers market. The regions covered in the electric dryers manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the dryers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global dryers market is segmented - 1) By Type: Spin Dryers, Condenser Dryers, Heat Pump Dryers, Mechanical Steam Compression Dryers, Solar Clothes Dryer, Others 2) By Type of Vent: Vented Dryer, Ventless/Condenser Dryer 3) By Distribution Channel: Specialty Stores, Company-Owned Stores, Hypermarkets and Supermarkets, Online, Others 4) By End-User: Commercial, Residential

The household laundry equipment market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out design, manufacturing, and sales of household laundry equipment. The market also consists of sales of household-type laundry equipment including household washing machines, dryers, ironers, and other laundry equipment. The main types of household laundry equipment are washing machines, ironers, dryers, and other household laundry equipment. A washing machine is a machine that is used to wash clothes without applying any physical efforts. The technologies used are automatic, semi-automatic/ manual, and others. The household laundry equipment are distributed through direct selling, retail, e-commerce, and other channels. The global household laundry equipment market size is expected to grow from $101.43 billion in 2021 to $110.84 billion in 2022 at a compound annual growth rate (CAGR) of 9.3%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The household laundry market is expected to reach $150.93 billion in 2026 at a CAGR of 8.0%. Rapid urbanization is expected to contribute to the growth of the household laundry equipment in the forecast period. Globally, the percentage of population living in urban areas is expected to increase from 56.2% in 2020 and reach 68% by 2050. The growth in the urban population coupled with the rise in disposable incomes and affordability among residents of cities will drive the demand for household laundry equipment. Increasing demand for online on demand laundry services is expected to restrain the market for household laundry equipment in the forecast period. The on-demand laundry services market is expected to be aided by stable economic growth forecast in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global real GDP growth will be 3.7% over 2019 and 2020, and 3.6% from 2021 to 2023. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. For instance, China is forecast to register GDP growth of 6.2% in 2019. Stable economic growth, increasing internet penetration, and rising disposable income coupled with hectic lifestyle of individuals will lead to an increase in on demand laundry services, thereby limiting the growth of the market for household washing machines. Household laundry equipment manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. Energy efficient appliances are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy efficient appliances. For example, in the USA, ENERGY STAR certified washing machines use 25% less energy and 33% less water than a standard washing machine. Major players in the household laundry equipment market are LG Electronics, Whirlpool Corporation, Haier Corporation, Electrolux AB, Panasonic Corporation, BSH Home Appliances Group, Haier Group Corporation, Miele, Siemens AG, Toshiba Corporation, and General Electric Company. Asia Pacific was the largest region in the household laundry equipment market in 2021. Western Europe was the second-largest region in thehousehold laundry equipment market. The regions covered in the household laundry equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the household laundry equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global household laundry equipment market is segmented - 1) By Type: Washing Machines, Ironers, Dryers, Others 2) By Technology: Automatic, Semi-Automatic/ Manual, Others 3) By Distribution Channel: Direct Selling, Retail, E-Commerce, Others

The washing machine market consists of revenues generated by entities (organizations, sole traders, or partnerships) that carry out design, manufacturing, and sales of washing machines. The market consists of sales of washing machines. A washing machine is an appliance used to wash various types of clothes without applying any physical efforts. The main types of washing machines are fully automatic, semi-automatic and others. A fully automatic washing machine completes the entire clothes washing cycle without any effort from the user. It will rinse, wash, agitate, and spin dry clothes all on its own. When time is up, the user need only retrieve the washed laundry from the machine’s basin, and either place it in an automatic dryer or hang it out. The various products of washing machine include automatic, semi-automatic and dryers that are distributed through E-commerce, retail chains and direct sales. The different technologies of washing machine are top load and front load that are used for residential and commercial applications. The global washing machines market size is expected to grow from $73.31 billion in 2021 to $77.63 billion in 2022 at a compound annual growth rate (CAGR) of 5.9%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The washing machine market is expected to reach $98.71 billion in 2026 at a CAGR of 6.2%. Rapid urbanization is expected to contribute to the growth of the washing machine market in the forecast period. According to UNCTAD handbook of statistics 2020, globally the share of urban population increased to 55.7% in 2019. It is generally higher in the developed (80.5% in 2019) than in the developing (51.1% in 2019). The growth in the urban population coupled with the rise in disposable incomes and affordability among residents of cities will drive the demand for washing machines during the forecast period. Increasing demand for online on demand laundry services is expected to restrain the market for washing machines in the forecast period. According to a recent study it was revealed that the majority of the millennial populace doesn’t want to invest their valuable time in day-to-day household chores such as washing the clothes. In the USA, the revenue of dry cleaning and laundry services is projected to reach $7,660 million by 2022. Therefore, rising disposable income coupled with hectic lifestyle of individuals will lead to an increase in on demand laundry services, thereby limiting the growth of the market for washing machines. Washing machine manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to the stringent government regulations on electric home appliances and advances in technology. Energy efficient appliances are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy efficient appliances. For example, in the USA, ENERGY STAR certified washing machines use 25% less energy and 33% less water than a standard washing machine. Major players in the washing machine market are Whirlpool Corporation, Panasonic Corporation, Robert Bosch GmbH, Miele, Haier Group Corporation, Electrolux AB, GE Appliances, AEG, Tecnik, and IFB. Asia Pacific was the largest region in the washing machine market in 2021. Western Europe was the second-largest region in the washing machine market. The regions covered in the washing machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the washing machine market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global washing machines market is segmented - 1) By Type: Fully Automatic, Semi-Automatic, Others 2) By Product: Automatic, Semi-Automatic, Dryers 3) By Sales Channel: E-Commerce, Retail Chains, Direct Sales 4) By Technology: Top Load, Front Load 5) By Application: Residential, Commercial

The smart washing machine market consists of sales of smart washing machines and related services. The sales comprise of revenues generated by establishments that are primarily engaged in the manufacturing and selling of smart front load, Inclined Load and top load smart washing machines. Smart washing machine is defined as the machine which helps the user to control the washing process remotely. Smart washing machines are connected to the internet and to smart phone, or other smart devices through the cloud or app. The connectivity gives more control on the machine, and user can decide its activity through the commands on the app or through other means like voice. The main type of smart washing machine are top load, front load that are applied in both residential, commercial use. The top load smart washing machine allow loading the washing machine with clothes from the top. Smart washing machine use different kinds of connectivity such as Wi-Fi, Bluetooth, near-field communication and other connections. The global smart washing machines market size is expected grow from $14.87 billion in 2021 to $15.93 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The smart washing machine market is expected to reach $20.83 billion in 2026 at a CAGR of 6.9%. The increasing need for energy-efficient washing machines will drive the growth of the smart washing machines market in the forecast period. Smart washing machines increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient washing machines can be attributed to the stringent government regulations on electric home machines and advances in technology. According to the U.S. Energy Information Administration (EIA), the demand for global energy will grow by 37% due to a rise in energy requirements per household by 2035. Energy-efficient machines are designed to utilize minimum energy to complete the required task. Currently, over 80 countries have standards and labels for energy-efficient machines. Thus, smart washing machines will drive the smart washing machines market in the forecast period. Smart washing machine utilizes wireless technology (such as WiFi, 3G, Bluetooth, etc.) to communicate and interact with other devices or networks. Therefore, the cost of smart washing machine is high compared to conventional washing machine. The smart washing machine cost ranges from $650 to $2500 compared to conventional ones which ranges from $100 to $1000. The cost will also depend on the size of the washing machine, with larger units fetching higher prices, such as a Samsung 16kg front load washing machine, which retails for around $3,000. Although the higher expense of smart washing machine with a comparable build quality to a regular washing machine is not unreasonable, the high cost of these washing machines would hinder the demand and growth of the smart washing machines market. Artificial Intelligence is expected to be a trend in smart washing machines market. AI uses a simulation of human intelligence into machine. These machines are programmed with AI technology to think and function like humans. For instance, LG electronics newly released smart washing machine LG thinkQ which uses Artificial Intelligence and analyses the wash load and suggests the wash settings accordingly. Similarly, Samsung released Samsung Grande AI washer and drier in January 2020 which uses Artificial Intelligence for effective ways to laundry and connect with drier to ease the process of laundry. AI-programmed smart washing machines are expected to ease the process of laundry. Major players in the smart washing machines market are General Electric Co., LG Electronics Inc., Samsung Electronics Co. Ltd., Whirlpool Corp., Robert Bosch GmbH, Haier Consumer Electronics Group Co. Ltd., Panasonic Corp., Siemens AG, AB Electrolux, and Whirlpool. Asia Pacific was the largest region in the smart washing machines market in 2021. Western Europe was the second-largest region in the smart washing machines market. The regions covered in the smart washing machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart washing machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global smart washing machines market is segmented - 1) By Type: Top Load, Front Load 2) By Application: Residential, Commercial 3) By Connectivity: Wi-Fi, Bluetooth, Near-Field-Communication (NFC), Others

The soap and other detergents market consists of sales of soap and other detergents and related services for removing dirt from human skin, textiles, and other solid surfaces. Soap and detergents are chemical compounds that refer to surface-active agents in general. These products are made from animal fats or vegetable oil and are used to clean a solid surface. Surface-active agents are categorized into four groups: anionic detergents, cationic detergents, nonionic non-ionic detergents, and ampholytic. The main product types of soap and other detergents are laundry detergent, soap, dishwashing detergent, toothpaste, and other product types. Toothpaste is a paste for cleaning the teeth. The various applications are homecare detergents, industrial soap and detergent, homecare soaps, and other applications. The end users are body, clothing, and other end-users. The global soap and other detergents market size is expected to grow from $105.6 billion in 2021 to $116.36 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The global soaps and other detergents market size is expected to grow to $167.35 billion in 2026 at a CAGR of 9.5%. The introduction of innovative new products is a key factor leading to the growth of the soap and other detergent industries. Manufacturers continue to focus on innovative product development to meet the unmet needs of their customers. Companies are launching anti-allergy soaps and natural ingredients containing detergents that are widely adopted. For instance, in 2019, Unilever, a British-Dutch consumer goods company launched a new liquid detergent product under the brand Hindustan Unilever (HUL), 'Love Home and Planet', which is HUL's fifth fabric wash brand, thereby is driving the demand for the soap and other detergents market globally. Soap and other detergent providers globally faced an uncertain regulatory environment in the historic period. There are certain regulations governing reducing the release of toxic chemical substances into the atmosphere during the manufacturing process of soaps and detergents. For instance, according to the US code of federal regulations (40 CFR), regarding the safety of the environment (part 417) comply with manufacturers of soap and detergent, which thereby restraints the soap and other detergents market. With increasing water scarcity worldwide, soap and other detergent manufacturers are working continuously on creating opportunities for water-efficient laundry products. These water-efficient laundry products require less water for rinsing as these concentrated detergents contain chemicals with less water-dependent laundry ingredients. Furthermore, these products also cut down packaging and transportation cost for the manufacturers. In August 2019, Hindustan Unilever (HUL) launched an ongoing premiumization strategy in the laundry category with the brand 'Love & Care'. The new brand is produced for washing premium fabrics like silk, fine cotton, and others. Thereby, are driving the market of soap and other detergents in the forecast period. Major players in the soap and other detergents markets are Procter & Gamble, Ecolab Inc, Unilever plc, Henkel AG & Co KGaA, Church & Dwight Co. Inc, Colgate-Palmolive Company, Dial, Reckitt Benckiser Group plc, The Clorox Company, and Lion Corp. Asia Pacific was the largest region in the soap and other detergents market in 2021. Western Europe was the second-largest region in the global soap and detergents market. The regions covered in the global soap market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the soap and other detergents market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The global soap and other detergents market is segmented - 1) By Product Type: Laundry Detergent, Soap, Dishwashing Detergent, Toothpaste, Others 2) By Application: Homecare Detergents, Industrial Soap and Detergent, Homecare Soaps, Others 3) By End-User: Body, Clothing, Others

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. The main types of soap and cleaning compounds are soap and other detergents, surface-active agents, polish, and other sanitation goods. Surface active agents are substances that will reduce the surface tension of a liquid in which it is dissolved, thereby increasing its spreading and wetting properties. The categories are mass, and premium. The applications are household, and commercial. The end-use applications are health and beauty, dishwasher, clothes, and other end-use applications. The distribution channels are hypermarkets/supermarkets, e-commerce, pharmacy stores, and other distribution channels. The global soap and cleaning compounds market size is expected to grow from $157.02 billion in 2021 to $172.1 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. The soap and cleaning compounds market size is expected to grow to $242.7 billion in 2026 at a CAGR of 9%. The global population is 7.9 billion in 2022, thus increasing the global demand for soaps and cleaning products. This significant rise in demand from the population for end-use products gave a major boost to the overall soap and cleaning compounds market. Additionally, rapid urbanization especially in the developing economies supported the demand for these compounds through increased end-use product consumption. The raw materials market is highly volatile, this is expected to have a negative impact on the growth of the soap and cleaning compounds market during the forecast period. When increasing raw material costs coincide with decreasing sales prices, soap and cleaning companies have to compromise on their profit margins. Rising trucking, railroad, dry-bulk, and air-freight rates are also negatively impacting the market. Soap and cleaning product manufacturers are extremely sensitive to fluctuating raw material costs. Companies in the soap and cleaning compounds 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 the environment. Triclosan and triclocarban are the anti-microbial ingredients used in personal care products to stop or slow the growth of bacteria causing harm. These agents are used in products such as soaps, lotions, hand washes, toothpaste, mouthwashes, soaps, deodorants, and cleaning compounds. 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 marine life. For instance, P&G and Unilever, consumer products companies, stopped manufacturing and using triclosan and triclocarban agents and are replacing them with other chemical ingredients Major companies in the soap and cleaning compounds market include 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, and The Clorox Co. Asia Pacific was the largest region in the soap and cleaning compounds market in 2021. Western Europe was the second-largest region in the global soap and cleaning compounds market. The regions covered in the global soap market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the soap and cleaning compounds market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The global soap and cleaning compounds market 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, Others 4) By Category: Mass, Premium 5) By End-User Application: Health and Beauty, Dishwash, Clothes, Others