Industry Analysis & Industry Trends
Representing roughly 5.5% 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 has an economic footprint worth $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 Analysis Chapter
For the Soap and Cleaning Compound Manufacturing industry, the five years through 2014-15 have been characterised by ongoing consolidation. Global players dominating the global and local markets have continued to rationalise their Australian operations. This development helps explain the industry's dismal performance, with revenue estimated to contract at an annualised 10.0% annualised over the five-year period. In 2014-15, revenue is forecast to reach $1.63 billion, which is significantly lower than $2.75 billion in 2009-10. Industry revenue is expected to contract by 4.0% over 2014-15, as industry participants continue to contend with challenging trading conditions... purchase to read more