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Razors & shaving

Razors, blades, and shaving prep; concentrated among a few global makers with German/Mexican production.

Why it matters · Blade prices reflect a highly concentrated manufacturer base and steel costs.

4

Inputs

19

Companies

8

Facilities

10

Source countries

How it's made

The process

  1. 01

    Blade Steel Production

    Ultra-hard martensitic stainless razor-blade steel strip is produced by a few specialty steelmakers (Sandvik, Voestalpine) — hardened, tempered and rolled to micron tolerances.

  2. 02

    Blade Forming & Edging

    Strip is stamped into blades; edges are ground, honed and PVD/PTFE/chromium-coated to a few-nanometer tip radius — the core of blade performance.

  3. 03

    Cartridge & Handle Molding

    Plastic cartridges (with multiple blades, lubricating strips, springs) and handles are injection-molded and assembled.

  4. 04

    Shave-Prep Production

    Shaving creams/gels/foams are compounded (surfactants, oils, propellants) and filled into cans/tubes.

  5. 05

    Assembly & Packaging

    Blades, cartridges and handles are assembled and blister/box-packaged — production concentrated in Germany, the US and Mexico.

Where it comes from

Country dependencies

Weighted share of upstream inputs sourced from each country.

CountryWeighted shareInputs supplied to razors & shaving
CACanada22%Sodium Laureth Sulfate (SLES) Surfactant · Razor Handle Polymer (PP/PS + Elastomer Grip) · Razor Lubricating Strip (PEG / Polyethylene Oxide)
GRGreece17%Razor-Blade Steel Strip (Martensitic Stainless)
MXMexico16%Sodium Laureth Sulfate (SLES) Surfactant · Razor-Blade Steel Strip (Martensitic Stainless) · Razor Handle Polymer (PP/PS + Elastomer Grip) +1
DEGermany15%Sodium Laureth Sulfate (SLES) Surfactant · Razor-Blade Steel Strip (Martensitic Stainless) · Razor Handle Polymer (PP/PS + Elastomer Grip) +1
CNChina14%Sodium Laureth Sulfate (SLES) Surfactant · Razor-Blade Steel Strip (Martensitic Stainless) · Razor Lubricating Strip (PEG / Polyethylene Oxide)
USUnited States10%Sodium Laureth Sulfate (SLES) Surfactant
KRSouth Korea10%Sodium Laureth Sulfate (SLES) Surfactant · Razor-Blade Steel Strip (Martensitic Stainless) · Razor Handle Polymer (PP/PS + Elastomer Grip) +1
INIndia9%Sodium Laureth Sulfate (SLES) Surfactant · Razor-Blade Steel Strip (Martensitic Stainless) · Razor Lubricating Strip (PEG / Polyethylene Oxide)
GBUnited Kingdom7%Sodium Laureth Sulfate (SLES) Surfactant
IDIndonesia6%Sodium Laureth Sulfate (SLES) Surfactant

Shipped finished

Top finished-goods sources

Countries that ship finished razors & shaving directly to the U.S. — distinct from the upstream raw inputs above.

CountryU.S. importsShare of U.S. imports
MXMexico$246M28%
DEGermany (Federal Republic of Germany)$155M18%
CNChina$154M18%
GRGreece$102M12%
NLNetherlands$39M4%
GBUnited Kingdom$34M4%
VNVietnam$28M3%
IDIndonesia$20M2%
CACanada$18M2%
ILIsrael$17M2%

Who makes it

Supplier companies

19 companies in this supply chain, sorted by market share.

Dominant global razor brand and originator of the razor-and-blades business model; owned by P&G. Major blade production in Boston (US) and Germany.

Supplies these inputs

Razor-Blade Steel Strip (Martensitic Stainless)

Replaceability

Substitutability 40% · 9 mo to replace

Business segments

  • Men's Razors & Blades72% rev
  • Women's Razors & Blades (Venus)18% rev
  • Shave Preparation & Aftercare10% rev

Owns Gillette; injection-molds razor handles (PP/PS + elastomer grip) in-house.

Supplies these inputs

Razor Handle Polymer (PP/PS + Elastomer Grip)

Replaceability

Substitutability 40%

Business segments

  • Grooming
  • Fabric & Home Care
  • Baby, Feminine & Family Care
  • Beauty

Leading specialty-steel maker; its strip steel (e.g. 13C26) is a reference material for razor and surgical blades — same metallurgy serves industrial knives and medical cutting.

Supplies these inputs

Razor-Blade Steel Strip (Martensitic Stainless)

Replaceability

Substitutability 25% · 12 mo to replace

Business segments

  • Manufacturing & Machining Solutions (Coromant)38% rev
  • Mining & Rock Solutions35% rev
  • Materials Technology (Strip Steel, Alloys, Kanthal)17% rev
  • Rock Processing Solutions10% rev
BASF SE
HQ DE20% share

BASF SE (Ludwigshafen Germany; DAX: BAS; ~€69B revenue) is the world's largest chemical company and a major buyer, processor, and re-supplier of C12/C14 fatty acids through its Care Chemicals division. BASF does not produce palm kernel oil-derived fatty acids at the primary cracking stage, but it processes fatty acid streams into finished personal care and cosmetic ingredients — including fatty acid alkanolamides (cocamide MEA, lauramide DEA), sodium laurate soap bases, and other derivatives. BASF also acts as a strategic procurer of fatty acids from Malaysian and Indonesian producers (KLK OLEO, Wilmar, Emery) for conversion at its Ludwigshafen Verbund complex. BASF's acquisition of Cognis in 2010 (€3.1B) brought it the Cognis fatty acid and surfactant businesses including European oleochemical processing capacity. BASF's Care Chemicals segment supplies personal care ingredient distributors and direct-to-manufacturer across Europe, North America, and Asia. While BASF is not a primary C12/C14 fatty acid producer, its conversion capacity and market intermediation role give it ~5-8% effective share of the European C12/C14 fatty acid market.

Supplies these inputs

Sodium Laureth Sulfate (SLES) Surfactant

Replaceability

Substitutability 55% · 3 mo to replace

Business segments

  • Chemicals20% rev
  • Materials (Performance Polymers)18% rev
  • Industrial Solutions (Dispersions & Additives)15% rev
  • Surface Technologies (Coatings & Catalysts)17% rev

Specialty-steel maker; high-speed steel and the famous YSS "white/blue paper" knife/tool steels.

Supplies these inputs

Razor-Blade Steel Strip (Martensitic Stainless)

Business segments

  • Specialty steels
  • Magnetic materials
  • Automotive castings & components
  • Electronic & wire materials
BASF SE (BAS)
HQ DE15% share

World's largest chemical company by revenue; dominant Western producer of food-grade sodium nitrite. BASF expanded sodium nitrite production capacity in Germany specifically to meet growing demand for high-purity pharmaceutical and food applications. Primary production at Ludwigshafen (world's largest contiguous chemical complex). Also produces sodium nitrite catalysts, sulfuric acid, and intermediates for pharmaceutical synthesis. BASF sells food-grade sodium nitrite to meat processors globally through distribution networks and third-party channels.

Supplies these inputs

Sodium Laureth Sulfate (SLES) Surfactant

Replaceability

Substitutability 55% · 6 mo to replace

Business segments

  • Chemicals (Petrochemicals + Intermediates)18% rev
  • Agricultural Solutions (BASF Crop Protection)20% rev
  • Materials (Polyurethanes + Plastics)20% rev
  • Nutrition, Care & Vitamins12% rev

Galaxy Surfactants Ltd. (Tarapur, Maharashtra India; NSE: GALAXYSURF; ~₹4,000 Cr revenue) is one of the world's largest SLES manufacturers by volume. Founded 1986; produces SLES and a full range of anionic, amphoteric, and specialty surfactants at its Tarapur Maharashtra plant (primary) and US facility. Customers include Unilever, Procter & Gamble, Colgate-Palmolive, Henkel, and L'Oréal. Galaxy is unusual in the surfactant industry for having vertically integrated backwards into fatty alcohol ethoxylation and sulfonation at the same Tarapur site. Estimated ~10-14% global SLES share by volume — making it the largest single-site SLES producer in Asia outside of multinational Verbund complexes.

Supplies these inputs

Sodium Laureth Sulfate (SLES) Surfactant

Replaceability

Substitutability 60% · 4 mo to replace

Business segments

  • Personal Care Surfactants55% rev
  • Home Care Surfactants25% rev
  • Specialty Surfactants & Industrial15% rev
  • Performance Products5% rev

German specialty chemicals company; major producer of methyl mercaptan (used in methionine synthesis for animal feed) and other organosulfur chemicals. Also produces specialty sulfur chemicals including mercaptan blends used in gas odorization. Evonik's organosulfur chemicals are primarily focused on methionine production (world's largest DL-methionine producer under 'EVONIK MetAMINO' brand) — methionine is the most important amino acid supplement for poultry and aquaculture. Same mercaptan chemistry used in safety odorants also underpins the global animal feed amino acid supply chain.

Supplies these inputs

Sodium Laureth Sulfate (SLES) Surfactant

Replaceability

Substitutability 55% · 6 mo to replace

Business segments

  • Nutrition and Care (Methionine)40% rev
  • Smart Materials30% rev
  • Performance Materials20% rev
  • Technology + Infrastructure10% rev
Kao Corporation
HQ JP10% share

Kao Corporation (Tokyo Japan; TSE: 4452; ~¥1.5T revenue) is Japan's largest personal care and household products company and a major producer of fatty alcohol-derived surfactants including SLES. Kao produces SLES under the Emal® brand (Emal 10N, Emal 70, Emal E series) — a standard reference grade in Asian personal care formulation. Kao controls its own fatty alcohol supply through its oleochemicals division, producing from palm kernel oil and coconut oil. Primary SLES manufacturing at Wakayama Japan and sites in Thailand, Indonesia, and China. Kao supplies Shiseido, Unilever Asia, P&G Asia, and domestic Japanese personal care manufacturers. Estimated ~8-12% SLES global share; dominant ~30% share in Japan/SE Asia.

Supplies these inputs

Sodium Laureth Sulfate (SLES) Surfactant

Replaceability

Substitutability 55% · 3 mo to replace

Business segments

  • Personal Care (Japan & Asia)40% rev
  • Household & Fabric Care25% rev
  • Chemical (Oleochemicals & Surfactants)20% rev
  • Information Technology (Toner)15% rev
Nouryon
HQ NL10% share

Largest global sodium chlorate (NaClO3) supplier; also provides ECF ClO2 bleaching technology (Eka brand) to pulp mills; 13 production sites across North America, Scandinavia, and other regions; critical chemical supply chain node for tissue pulp bleaching.

Supplies these inputs

Sodium Laureth Sulfate (SLES) Surfactant

Replaceability

Substitutability 55% · 6 mo to replace

Business segments

  • Industrial Chemicals (Sodium Chlorate + ClO2 Technology)45% rev
  • Performance Formulations (Specialty Surfactants)30% rev
  • Base Chemicals25% rev

Stepan Company (Northfield IL; NYSE: SCL; ~$2.3B revenue) is the largest US-based surfactant manufacturer. Stepan's Surfactants segment (approximately 65% of revenue) produces SLES and a broad range of anionic, nonionic, and amphoteric surfactants for personal care, detergent, agricultural, and industrial markets. Key US plants: Maywood NJ (fatty acid sulfonation), Elwood IL, and Millsdale IL (largest plant — Joliet IL area). International plants in Voreppe France, Manno Switzerland, Nanjing China, Pasir Gudang Malaysia, and Ecatepec Mexico. Stepan holds exclusive rights to produce certain specialty low-1,4-dioxane SLES grades — a competitive advantage as New York and other states tighten dioxane limits.

Supplies these inputs

Sodium Laureth Sulfate (SLES) Surfactant

Replaceability

Substitutability 55% · 3 mo to replace

Business segments

  • Surfactants (US Largest)65% rev
  • Polymers20% rev
  • Specialty Products (Including Coca Leaf)15% rev

Evonik Industries AG (XETRA: EVK; Essen Germany; MDAX listed); world's largest DL-methionine producer under the MetAMINO brand. Total DL-methionine capacity exceeds 700,000 MT/year across three continental hubs: Jurong Island Singapore (~340,000 MT/year — world's largest single methionine complex, expanded +40k MT August 2024), Theodore Mobile County Alabama USA (~245,000 MT/year), and Antwerp Belgium (~120,000 MT/year). The Wesseling Germany DL-Met line closed Q1 2021 as Evonik consolidated production to the three-hub network. Evonik first commercialized DL-methionine synthesis in the 1950s under predecessor Degussa. MetAMINO is Evonik's largest single product. ~30-32% global market share. In February 2022 Evonik announced a $176.5M investment in a new methyl mercaptan (MMP intermediate feedstock) plant at the Alabama site.

Supplies these inputs

Sodium Laureth Sulfate (SLES) Surfactant

Replaceability

Substitutability 55% · 3 mo to replace

Business segments

  • Nutrition & Care — Animal Nutrition22% rev
  • Nutrition & Care — Health Care15% rev
  • Nutrition & Care — Care Solutions10% rev
  • Smart Materials — Silica18% rev

Japanese maker of premium blade steel and finished razor blades.

Supplies these inputs

Razor-Blade Steel Strip (Martensitic Stainless)

Business segments

US specialty chemical company; world's largest vinyl acetate monomer (VAM) producer (~18% global share, >1,565 kt/yr capacity across 7 plants); also major VAE emulsion supplier for architectural paint binders.

Supplies these inputs

Razor Handle Polymer (PP/PS + Elastomer Grip)

Business segments

  • Acetyl Chain (VAM + Acetic Acid + VAE)45% rev
  • Acetate Tow (Cigarette Filters)20% rev
  • Engineered Materials (Engineering Plastics)35% rev

Owns Schick/Wilkinson Sword; razor handles and grips.

Supplies these inputs

Razor-Blade Steel Strip (Martensitic Stainless) · Razor Handle Polymer (PP/PS + Elastomer Grip)

Replaceability

Substitutability 45% · 9 mo to replace

Business segments

  • Wet shave
  • Sun & skin care
  • Grooming
  • Feminine & infant care

F&F major (~20% global share); Nouryon acquisition brought enzymes and surfactant inputs.

Supplies these inputs

Razor Lubricating Strip (PEG / Polyethylene Oxide)

Business segments

  • Fragrance (Fine, Functional, Beauty)25% rev
  • Taste, Flavor, and Nutrition25% rev
  • Food and Beverage (DuPont N&B Heritage)30% rev
  • Health and Biosciences20% rev

Sumitomo Seika Chemicals Co., Ltd. (Osaka, Japan; TSE: 4008; Sumitomo Chemical Group subsidiary; ~¥180B revenue) produces carbomer-equivalent polyacrylic acid (PAA) polymers primarily for Japanese and Asian markets under its specialty polymer business. Sumitomo Seika's PAA polymers serve personal care and industrial thickening applications as alternatives to Lubrizol Carbopol within Japan and Asia. Sumitomo Seika is also Japan's second-largest superabsorbent polymer (SAP) producer under the AQUA KEEP brand for diaper applications, and produces hydrogen for fuel cells as a separate specialty gas business. Sumitomo Seika's carbomer market share outside Japan is limited.

Supplies these inputs

Razor Lubricating Strip (PEG / Polyethylene Oxide)

Business segments

  • Superabsorbent Polymers (SAP)45% rev
  • Functional Polymers (PAA/Carbomer-equivalent)25% rev
  • Specialty Gases (Hydrogen)20% rev
  • Fine Chemicals & Other10% rev

Where it's made

Facilities

8 facilities producing inputs that feed razors & shaving.

BASF Verbund Ludwigshafen — Care Chemicals / Surfactants

DE

BASF SE · Rhineland-Palatinate · chemical-plant

BASF's headquarters Verbund complex in Ludwigshafen is the largest contiguous chemical complex in the world (~10 km²; ~200 production plants; 30,000+ employees on site). The Care Chemicals division produces SLES (Texapon N 70) here via falling-film SO3 sulfonation of ethoxylated fatty alcohols. Fatty alcohols are supplied from BASF's own production or from Wilmar/KLK OLEO. The Verbund integration means ethylene oxide (for ethoxylation) is piped from BASF's own crackers — a structural cost and supply advantage over standalone surfactant plants. Source: https://www.basf.com/global/en/who-we-are/organization/locations/europe/german-sites/ludwigshafen.html

BASF Verbund Site — Ludwigshafen

DE

BASF SE · Rhineland-Palatinate · headquarters

World's largest integrated chemical complex (Verbund concept); corporate HQ; produces specialty chemicals, MDI, and specialty pharma APIs alongside commodity chemicals.

Evonik Goldschmidt Essen Surfactant Plant

DE

Evonik Industries AG · North Rhine-Westphalia · chemical-plant

Evonik's Goldschmidt Essen site is the historical center of Evonik's surfactant and specialty chemical operations — dating to the Deutsche Goldschmidt AG merger absorbed into what became Evonik. The Essen site produces SLES and related anionic and amphoteric surfactants for the Consumer Specialties division. The Essen-Goldschmidt complex is where Evonik's surfactant R&D and scale-up operations are also based. Source: https://www.evonik.com/en/company/sites-and-offices/essen.html

Evonik Marl Chemical Park

DE

Evonik Industries AG · North Rhine-Westphalia · chemical-plant

Largest Evonik site; ethoxylation, surfactant production, specialty chemicals.

Galaxy Surfactants Tarapur Manufacturing Complex

IN

Galaxy Surfactants Ltd. · Maharashtra · chemical-plant

Galaxy Surfactants' primary and largest manufacturing facility at Tarapur Maharashtra India (Boisar MIDC, Thane district; ~75 km north of Mumbai). This is one of the largest dedicated surfactant manufacturing sites in Asia outside of multinational Verbund complexes. Produces the full Galaxy product range including SLES (Sodium Laureth Sulfate), SLES variants, cocamidopropyl betaine, and specialty care surfactants. The Tarapur site is vertically integrated: fatty alcohol ethoxylation and sulfonation in a single complex. Galaxy disclosed in its FY2024 annual report that Unilever and P&G together represent >40% of revenue. Source: https://www.galaxysurfactants.com/investor-relations/annual-report/

Kao Corporation Wakayama Plant — Oleochemicals & Surfactants

JP

Kao Corporation · Wakayama Prefecture · chemical-plant

Kao Corporation's Wakayama plant is the primary Japanese production site for fatty alcohol-derived surfactants including SLES (Emal brand). The Wakayama complex is vertically integrated: palm kernel oil and coconut oil are processed to fatty alcohols, then ethoxylated and sulfonated to produce SLES. Wakayama is one of Kao's oldest and largest chemical manufacturing sites. Kao's fatty alcohol self-supply from Wakayama makes it structurally independent of third-party fatty alcohol suppliers (Wilmar, KLK) — a meaningful supply security advantage. Source: https://www.kao.com/global/en/about/facilities/manufacturing/

Nouryon Stenungsund Ethylene Oxide / Surfactants Plant

SE

Nouryon · Västra Götaland · chemical-plant

Ethylene oxide and ethoxylation; key surfactant intermediate production for Northern Europe.

Stepan Company Millsdale Plant (Joliet IL)

US

Stepan Company · Illinois · chemical-plant

Stepan Company's Millsdale Illinois plant (Will County, near Joliet) is Stepan's largest manufacturing site and a major SLES production facility. The Millsdale plant houses Stepan's sulfation/sulfonation capacity for anionic surfactants including SLES, linear alkylbenzene sulfonate (LAS), and alpha-olefin sulfonate (AOS). Stepan's Millsdale plant is the primary source of SLES for major US personal care and household products manufacturers. Source: https://www.stepan.com/content/stepan-com/global/en/about-us/locations.html