Soap Noodles Market Segmentation:
Source Segment Analysis
Vegetable oil segment is expected to account for more than 66% soap noodles market share by the end of 2035. The segment growth can be attributed to its ability to provide lather. In the market, vegetable oil has various advantages, particularly in the chemical sector. First of all, soap noodles made from vegetable oil offer a sustainable and renewable substitute for components made from petroleum.
They contribute to a cleaner and more ecologically friendly production process and lessen reliance on fossil fuels. Second, compared to synthetic counterparts, soap noodles made from vegetable oil contain less potentially dangerous ingredients. Because of this, they are a safer and more appealing choice for customers who value natural and chemical–free products.
The Malaysia Palm Oil Board (MPOB) reported that in 2018, Malaysia's palm oil plantation area reached 5.85 million hectares, showing a 0.7% increase from the previous year. Additionally, Malaysia's export of oil palm products in 2018 accounted for over 24 million tons, a 3.8% rise from the previous year. This is expected to boost the soap noodles market share, as Malaysia is one of the major suppliers of soap noodle feedstock.
Application Segment Analysis
By 2035, household segment is set to hold more than 36% soap noodles market share. Also, in 2022, the segment accumulated a value of around USD 2 billion. The segment growth is due to its extensive use in household cleaning products. They are an essential component in many and personal care products for the home.
Bar soaps, liquid soaps, and even specialty soaps for particular uses like antibacterial or moisturizing soaps are made from soap noodles. In homes, these soaps are frequently used for laundry, dishwashing, bathing, and hand washing. Because they effectively clean, lather, and remove dirt from surfaces, soap noodles are vital for preserving household cleanliness and personal hygiene. Because of their adaptability, they may be made to match the tastes and requirements of individual customers by adding new scents, colors, and ingredients. In 2022, the median yearly price of soaps and detergents in the US was approximately USD 85.37 per unit of consumption.
Process Segment Analysis
In soap noodles market, saponification segment is projected to hold more than 52% revenue share by 2035. The process of saponification entails turning oil or fat into soap noodles while an aqueous alkali is present. As this procedure is economical and easy to operate, it is greatly preferred over the fatty acid approach.
At a temperature of 80 oC, saponification occurs with the use of 5 M KOH to separate the bonds of triglycerides in WCO, producing glycerol and potassium oleic, linoleic, palmitic, and stearic acid with a conversion rate of 78.3%. The method results in soap noodles, which are connected
with a superb oil combination and remarkable perfume retention. One of the main areas that went the oil–saponification road in 2018 was Asia Pacific, and it is expected that this trend will continue for forecast timeline.
Our in–depth analysis of the global soap noodles market includes the following segments:
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