Industry Analysis & Industry Trends
Representing roughly 6% 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 industry, which has an economic footprint worth $10 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 Analysis Chapter
For the Australian Soap and Cleaning Compound Manufacturing industry, the five years through 2013-14 were characterised by ongoing consolidation as the global players dominating the industry (both on the international and local scene) continued to rationalise their Australian operations. This development helps explain the industry's weak performance with revenue contracting by 4.8% annualised over the five-year period. In 2013-14, estimated revenue of $2.0 billion will be significantly lower than 2008-09 levels of $2.6 billion. Following contractions in the two years through 2012-13, the industry will again contract in 2013-14 with sales falling 1.9% as industry participants continue to contend with challenging trading conditions... purchase to read more