India ranks on 3rd in being the largest detergent and soaps producer and manufacturer of the world owing to its demand in India and also it’s export to other foreign nations. The industry of soap manufacturing is one of the oldest industries operating in the FMCG sector in India and holds for approx. 50% of the consumer goods sector. The industry of soap and detergent covers laundry and toilet soaps and also synthetic detergent in the form of liquid, powder, and bar. Bar soaps are classified into three sections, premium, popular, and economic. Some of the important uses for soap were in the household for toilet soap, washing clothes, and in textile manufacturing, particularly for fulling, cleansing, and scouring woolen stuff.
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Whereas having been used in some of the major cleaning ingredients in the detergent industry for 30 years, showing almost one-third of the active ingredients in the detergents worldwide, the industry of Acid slurry with its properties is still dominating the surfactant industry. Due to its properties of being readily miscible with water and containing less salt content, it is used as an important ingredient in detergent powders, cakes, and liquids. Another reason for acid slurry’s synthetic detergent being famous in the market is soap’s capabilities to wash off materials in hard water.
Demand of Soap and Detergent, Globally
- Globally, the soap and detergent market size was anticipated at USD 97.26 billion in the year 2018. Whereas, the market was worth $100.04 billion in 2019. It is anticipated to grow at a CAGR of 7.5% and reach $133.85 billion by the year 2023. The increasing disposable income, increasing the textile industry, and rising penetration of washing machines in the developed economies are expected to push the growth in the upcoming years. Also, the increased healthcare awareness coupled with increasing disposable income has made soaps and detergent as an important consumable product in the developed as well as developing regions.
- Soaps and detergent are important necessities as consumer goods and are used by a large population base. The sellers are spreading their business by building manufacturing facilities in the developed economies like China and India, which holds high potential in terms of revenue. Moreover, the increasing penetration of washing machines in developing countries is expected to push market growth. The large chunk of demand for washing machines is from the urban cities, however, the increasing demand for this machine is increasing in rural areas as well. Hence there is sustainable consumption of powder and liquid detergents required for washing machines. Product innovation and new product launch is another major factor anticipated to push market growth.
Key Driving Factor for Acid Slurry Industry
The potential for acid slurry production has been booming due to increasing demand that is spread across almost every industry using this cleaning ingredient processed in the form of a synthetic detergent for their respective consumption.
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Additionally, the invention of synthetic detergent in terms of shapes, sizes, state, and color has been successfully meeting the niche consumer needs hence increasing the sales of this detergent that in turn increases the demand for acid slurry.
The book by NPCS “Handbook on Soaps, Detergents & Acid Slurry (3rd Revised Edition)” covers Present Market Position and Expected Future Demand, Technology, Manufacturing Process, Investment Opportunity, Plant Economics, and Project Financials. As in the industry, the entrepreneurs face a lot of difficulties in the starting period the book has been written in a way to help and make the correct decision for the market growth.