Industry Analysis & Industry Trends
Representing roughly 5.7% of Australia's overall chemical production industry by revenue, the Australian Soap and Cleaning Compound Manufacturing industry has a long and varied history. The industry forms part of Australia's formulated hygiene, cosmetic and specialty products sector, which is worth nearly $10.0 billion in annual retail sales (according to industry body Accord Australasia Ltd).
Industry products are designed and formulated using simple chemistry, but the industry itself is dynamic and characterised by strong product innovation, as manufacturers compete to retain consumer interest. A continued stream of new, enhanced, repackaged, reformulated and eco-ethical products have been introduced over the past five years... purchase to read more
Industry Report - Industry Key Buyers Chapter
The top two players in the Soap and Cleaning Compound Manufacturing industry account for just under 40.0% of all industry sales, which reflects the dominance of global players. Overall, the top four players within the industry account for just over 45.0% of all sales, suggesting that the industry has a medium level of market share concentration. This has gradually increased over the past decade, following a spate of acquisitions and the closure of various facilities. These trends are expected to continue in the foreseeable future, which means the level of market share concentration will gradually increase.
Within individual product segments, concentration levels may be considerably higher, especially at the downstream retail level... purchase to read more