The soap and cleaning compounds comprises of
establishments primarily engaged in manufacturing and packaging soap and other
cleaning compounds, surface active agents and textile and leather finishing
agents used to reduce tension or speed the drying process.
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The reasons for
substantial growth of the market from $242.9 billion in 2017 to $283 billion by
2021 are the economic growth and introduction of new products.
The soap and
cleaning compounds market in The Business Research Company’s report is
segmented into three segments, namely soap and other detergent manufacturing; surface
active agent manufacturing and polish and other sanitation goods manufacturing. While the first segment accounts for
more than half of the market share, the remaining share is attributed to the other two
segments.
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Asia Pacific was
the largest region in the soap and cleaning compounds market in 2017, accounting
for 43% market share followed by Western Europe
Procter &
Gamble Co. (P&G) was the largest competitor in the soap and cleaning
compounds market, followed by Unilever and Ecolab Inc. Procter
& Gamble provides branded consumer packaged goods to consumers around the
world. Its products are sold primarily through mass merchandisers, grocery stores,
membership club stores, drug stores, high frequency stores and neighbourhood
stores which serve many consumers in both developed and developing markets.
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