Global Soap and Detergent Market:

Size & Forecast with Impact Analysis of

COVID-19 (2020-2024)

May 2020

Global Soap and Detergent Market : Coverage

Executive Summary and Scope

Introduction/Market Overview

Global Market Analysis

Regional Market Analysis

Dynamics

Competitive Landscape

Company Profiles

Global Soap and Detergent Market : Coverage

Scope of the Report

Attributes Details

Title Global Soap and Detergent Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)

Coverage Global and Regional

Regional Coverage North America, Europe, Asia Pacific, and ROW

Market Influencing Variables Growth Drivers, Challenges, Market Trends

Forecast Period of Market 2020-2024

Competition in the Market Fragmented

Key Players Procter & Gamble, Unilever, Henkel and Colgate Palmolive

Global Soap and Detergent Market

Soap is defined as a chemical compound or mixture of compounds used mainly as a cleaning agent. Soaps are prepared when animal fats orvegetable oils are treated with an alkaline solution. The fats and oils used in soap-making are derived from animal or plant sources. Every fat oroil is made up of a distinctive mixture of several different triglycerides. Similarly, detergent is also a cleaning agent, prepared from synthetic orman-made materials.

Both soap and detergent are used for cleaning purposes but in some scenarios detergent can perform better cleaning jobs than soap. Detergentsare frequently used in products for personal hygiene, dishwashing, and laundry. They are also used as ingredients in antiseptic agents, dry-cleaning solutions, lubricating oils, and gasoline.

The soap and detergent market can broadly be classified on the basis of application into the following: homecare detergents, industrial soaps &detergents, homecare soaps and others.

The global soap and detergent market has increased at a significant CAGR during the years 2015-2019 and projections are made that the marketwould rise in the next four years i.e. 2020-2024 tremendously. The soap and detergent market is expected to increase due to rapid urbanization,increasing prevalence of chronic diseases, surging household spending, growth in middle class expenditure, accelerating textile industry, etc.

However, the market faces some challenges which create hindrance in the market growth. Some of the major challenges faced by the industryare: variation in raw material prices, and stringent regulations. Whereas, the market growth would be further supported by various markettrends like surging demand of waterless car wash detergent & soap, life-style sectors of detergent fragrances, etc.

Executive Summary

Global Soap and Detergent Market: An Analysis

Global Soap and Detergent Market by Value

The global soap and detergent market value was US$.... billion in 2019, in comparison to US$... billion in 2018, the market propelled at aCAGR of xx% during 2015-2019 years. The global soap and detergent market is anticipated to rise up to US$.... billion by 2024, as comparedto US$.... billion in 2020, representing a CAGR of xx% over the years 2020 to 2024.

CAGRs

2015-2019 xx%

2020-2024 xx%

2020 2021 2022 2023 2024

US

$ B

illio

n

2015 2016 2017 2018 2019

US

$ B

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Soap and Detergent Market: Global Analysis

Global Soap and Detergent Market Value by ApplicationApplication Share

Homecare Detergents xx%

Industrial Soap & Detergent xx%

Homecare Soaps xx%

Others xx%

Global Soap and Detergent Market Value by RegionRegions Share

Asia Pacific xx%

North America xx%

Europe xx%

ROW xx%

Soap and Detergent Market: Application Analysis

Global Homecare Soaps Market by Value Global Homecare Detergent Market by Value

2020 2021 2022 2023 2024

US

$ B

illio

n

2020 2021 2022 2023 2024

US

$ B

illio

n

Global Industrial Soap & Detergent Market by Value

2020 2021 2022 2023 2024

US

$ B

illio

n

Application CAGR

2020-2024

Homecare Detergents xx%

Industrial Soap & Detergent xx%

Homecare Soaps xx%

Others xx%

Soap and Detergent Market: Regional Analysis

North America Soap and Detergent Market by Value

Asia Pacific Soap and Detergent Market by Value

Europe Soap and Detergent Market by Value

2020 2021 2022 2023 2024

US

$ B

illio

n

2020 2021 2022 2023 2024

US

$ B

illio

n

2020 2021 2022 2023 2024

US

$ B

illio

n

Region CAGR

2020-2024

Asia Pacific xx%

North America xx%

Europe xx%

ROW xx%

Soap and Detergent Market: Dynamics

Growth Driver

•Increasing Prevalence of Chronic Diseases

•Augmenting E-Commerce Sales

Challenges

•Variation in Raw Material Prices

•Stringent Regulation

Market Trends

•Surging Demand of Waterless Car Wash Detergent & Soap

•Life-Style Sectors of Detergent Fragrances

Soap and Detergent Market: Competitive Landscape

Players Profiled

Note: The graphs on this slide are only for sample representation.

• Henkel

• Procter & Gamble

• Unilever

• Colgate Palmolive