The gross output of the US soap and cleaning compound manufacturing industry is projected to experience modest growth from 2024 to 2028, starting at 43.2 billion USD in 2024 and gradually increasing to 43.7 billion USD in 2028. This forecast indicates a slow yet steady annual growth rate, attributed to a consistent demand for cleaning products.
From 2023 to 2024, the industry had recorded a slight increase as the projected figures for 2024 stand higher than the actual figures from 2023. However, exact percentage variations from 2023 were not specified. The compound annual growth rate (CAGR) across 2024 to 2028 reflects a moderate annual increase, underscoring stable industry performance.
Future trend considerations:
- Increased consumer preference for eco-friendly and sustainable cleaning products.
- Impact of regulatory changes on chemical use in manufacturing processes.
- The role of technological advances in manufacturing efficiency and cost reductions.
- Potential market disruptions from global supply chain challenges or economic fluctuations.
