Market Size – USD 920.1 Million in 2018, Market Growth - CAGR of 3.1%, Market Trends – The increasing demand for special purpose soaps.
The Global Soap noodles market is forecast to reach USD 1,218.3 Million by 2027, according to a new report by Reports and Data. Soap noodles can be defined as fatty acid’s sodium salt, which are derived from oils and fats of vegetable and animals. These fatty acids are usually made from vegetable oils like palm oils, olive oil, coconut oils, and animal fats. It is specified with the help of sodium hydroxide, which helps in forming salt of the fatty acids. These are the main component used in the manufacturing of soap bars. It is used in various types of soaps like toilet soap, multipurpose products, and laundry soaps.
The rising awareness about the importance of hygiene and expansion of various industries like the textile industry & hospitality sector are some of the mentionable factors supporting the growth of the market. Demand for vegan soaps is also a mentionable factor, which is positively impacting the growth of the market. Another market trend, which is having a positive impact on the market is the increasing popularity of handmade soaps. The availability of these fatty acids in various online stores are also propelling the market growth.
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The key players dominating the industry are thoroughly assessed in the report along with their market and geographical reach and their production and manufacturing capacities. The report also offers key insights into the intense competitive scenario and offers strategic recommendations to established companies and new entrants to help them overcome barriers. It also focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and product launches and brand promotions among others.
Key participants include KLK Oleo, IOI Oleochemicals, Jocil Limited, Wilmar International, Olivia Impex Private Limited, Evyap-Oleo, John Drury & Co Ltd, and M Bedforth & Sons, Raj Industries, Timur oleochemicals Malaysia and Godrej.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the global Soap noodles market according to Source, Process, End-user, Application, and Region:
Source Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
Process Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
End-User Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
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Objective of Studies:
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