Soap, Washing Powder and Synthetic Detergent Manufacturing in China Industry Research Report – Now Available from IBISWorld
San Francisco, CA (PRWEB) July 31, 2013 -- Revenue for the Soap, Washing Powder and Synthetic Detergent Manufacturing industry in China has been increasing at an average annualized rate of 9.6% over the past five years to $26.2 billion in 2013, says IBISWorld. Industry growth has been driven by rising hygiene awareness in China and the rapid development of synthetic detergents, including laundry detergent and liquid soap. In addition, the growing purchasing power of Chinese consumers has led to a declining sensitivity to product prices. Last, there are over 4,000 manufacturers, distributors and agents nationwide, which has supported the development of the retailing network in suburban and rural areas.
IBISWorld estimates that the top four industry participants – Procter & Gamble, Nice Group, Liby Group and Unilever – jointly contribute 47.5% of total industry revenue, suggesting a moderate level of concentration. These major players have experienced much faster growth in the past few years than the industry as a whole, which has resulted in increasing market share concentration. As two of the top four manufacturers are global consumer goods companies, the industry is deemed to have a high globalization level. Foreign brands are most competitive in the shampoo and washing powder product segments.
IBISWorld forecasts that sales of soap, washing powder and synthetic detergent products will continue to increase in second- and third-tier cities. In addition, the rapid expansion of online shopping will promote the development of the industry. However, increasing raw material prices will put pressure on enterprises in the Soap, Washing Powder and Synthetic Detergent Manufacturing industry in China, limiting growth over the next five years.
For more information, visit IBISWorld’s Soap, Washing Powder and Synthetic Detergent Manufacturing in China industry report page.
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IBISWorld Industry Report Key Topics
Firms in the Soap, Washing Powder and Synthetic Detergent Manufacturing industry in China manufacture laundry soap, transparent soap, translucent soap, toilet soap, medicated soap, industrial soap, soap flakes, soap powder and synthetic products. Synthetic products include household and industrial detergents used for clothes washing, dish washing, body and hair washing, and hard surface cleaning.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
Gavin Smith, IBISWorld, 310 866 5042, [email protected]
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