Soap And Cleaning Compounds Market Global Report 2017

LONDON, June 22, 2017 /PRNewswire/ -- Soap and cleaning compounds are substances made of a compound of natural oils or fats with sodium hydroxide or another strong alkali and typically having perfume and colouring added. They are used with water for washing and cleaning. The soap and cleaning compounds industry comprises 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 global soap and cleaning compounds market is expected to reach over $350 billion in 2020. New technologies are expected to drive the soap and cleaning compounds market growth. The introduction of new products varying in terms of fragrance, shape and cost will drive growth. Many companies will increase their R&D spend to capitalize on these new opportunities. An increase in online advertisements are also encouraging customers to try new products, thereby increasing sales volume.

Asia was the largest region in the soap and cleaning compounds market in 2016, accounting for around 54% market share. Asia is the largest market due to the presence of countries with large populations such as China and India. Americas was the second largest region accounting for around 28% market share. Europe was the third largest region accounting for around 15% market share..
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