Soap & Cleaning Compound Manufacturing in Canada - Industry Market Research Report

Soap & Cleaning Compound Manufacturing in Canada - Industry Market Research Report

Soap & Cleaning Compound Manufacturing in Canada

The Soap and Cleaning Compound Manufacturing industry in Canada has expanded over the past five years, despite increased import competition from foreign manufacturers and declining crude oil prices, which forced many operators to reduce their selling prices to remain competitive. Instead, industry operators have benefited from growth in the Canadian population, which increased demand for industry products from everyday households. This development was bolstered by overall growth in the Canadian economy, which resulted in rising levels of disposable income, among other improving consumer conditions. In turn, these trends enabled consumers to purchase relatively expensive, high-margin soaps and cleaning compounds, supporting revenue growth and boosting industry profit margins. Over the next five years, the industry is expected to continue expanding as growing demand for restaurants, janitorial services, hospitals and other downstream industries leads to greater demand for industry products. Moreover, a projected increase in the world price of crude oil is expected to raise the selling price of most industry goods, bolstering industry revenue growth.

Operators in the Soap and Cleaning Compound Manufacturing industry in Canada produce substances that loosen and remove soil from a surface to maintain personal hygiene, sanitization, clean clothes, linens and furnishings. This industry does not include manufacturers of synthetic glycerin, industrial bleaches or shampoos.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

MAJOR COMPANIES

The Procter & Gamble Company

Ecolab Inc.