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

Soap and cleaning compound manufacturing activity has risen in recent years as the pandemic drove demand for industry products. Industry companies have also benefited from growth in the Canadian population, which has increased purchases of household cleaning products. Rising production costs have contributed to manufacturers raising product prices in recent years, which has helped bolster industry profit. Industry revenue is projected to rise at a CAGR of 4.4% to $3.0 billion over the five years to 2023, including a forecast increase of 1.5% in 2023 alone.

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.