Learn about the global soap and cleaning compounds market through The Business Research Company, which provides information on soap and cleaning compounds market size, soap and cleaning compounds market drivers and restraints, soap and cleaning compounds market players, the COVID-19 impact on the soap and cleaning compounds market, and more.

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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 growth 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 market is expected to reach $224.13 billion in 2025 at a CAGR of 4%.

The global population increased from 7.3 billion in 2015 to 7.6 billion in 2018, 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.

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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 Segments Include:

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 market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global soap and cleaning compounds market, accounting for 31% of the market in 2020.

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. 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.

TBRC’s soap and cleaning compounds market report covers:

Major Market Players: P&G, Unilever, Ecolab Inc, S. C. Johnson & Son Inc, Colgate-Palmolive.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Soap And Cleaning Compounds Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides soap and cleaning compounds market overviews, analyses and forecasts market size, share, soap and cleaning compounds market players, soap and cleaning compounds market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s soap and cleaning compounds market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Hand Sanitizers Global Market Report 2021

Soap And Other Detergents Global Market Report 2021

Chemicals Global Market Report 2021

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