The alkali soap market manufactures various types of detergents that are effective cleansers and have wide applications across sectors like laundry, dish wash, car wash, and personal care. Soap noodles or soap bars made from alkali soaps have outstanding grease-cutting properties that help remove dirt, stains, and oils effectively from various surfaces. The growing awareness about hygiene and cleanliness has led to an increased consumption of detergents globally. Additionally, the proliferation of washing machines in households has augmented the demand for laundry detergents. Moreover, the tourism and hospitality industries require large volumes of detergents to clean linens, towels, and dishes on a daily basis, thereby stimulating market growth.
The Global alkali soap market is estimated to be valued at US$ 22.15 Bn in 2024 and is expected to exhibit a CAGR of 14% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the alkali soap market are Syngenta AG, The Dow Chemical Company, Bayer CropScience Company, BASF SE, Isagro Company, Novozymes A/S, Marrone Bio Innovation Inc., Valent BioSciences Corporation, and Koppert Biological Systems. These players are focusing on new product launches, acquisitions, and geographic expansions to strengthen their presence in the market.
The demand for Alkali Soap Market Demand is growing due to the increasing consumption of detergents for laundry and dish wash applications in households. Statista estimates that over 3 billion units of laundry detergent pods/tablets/liquids were sold in 2021 globally. The booming laundromat industry and hospitality sector also contribute to detergent demand.
The global alkali soap market is expanding into new geographies led by Asian countries such as China, India, and South Korea. The proliferation of washing machines and dishwashers in these developing nations is creating huge opportunities for alkali soap manufacturers. Additionally, growing international tourism is prompting hotel chains and airlines to increase detergent purchases.
Get More Insights on- Alkali Soap Market