Home > Pressrelease > Global Lanolin Market size to exceed $450 mn by 2024
Global Lanolin Market size to exceed $450 mn by 2024
- Published Date: December 18, 2018
Lanolin Market size is set to surpass USD 450 million by 2024; according to a new research report by Global Market Insights Inc.
Growing application range in industrial applications such as bio lubricants, metal cutting fluids, anti-corrosive preparations and paper industry will boost lanolin market size. It acts as an ecofriendly alternative with water repellent characters in anticorrosion products applicable for house hold, automotive, electrical and industrial applications. Crude and technical grade wool grease serves as cost effective antifriction agent owing to its high tackiness to metal and superior lubricating qualities. Its biodegradable, biocompatible and nontoxic nature make it potential alternative to mineral oil, thus promoting market growth.
Lanolin is extensively used in men’s care formulations including, shaving creams, beard balm and beard softeners to lower the friction between razor & skin which helps in preventing skin rashes. It also helps in keeping the beard soft which facilitates easy removal of hair by leaving moisturizing effect on skin. Rising awareness regarding personal grooming along with growing expenditure on men specific toiletries and large variety of product easily available in the market will drive men’s care market growth which is likely to favor lanolin demand.
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U.S. lanolin market from baby care application may exceed USD 10 million by 2024. It is used to treat baby diaper rashes, skin eczema, chapped lips owing to its nontoxic, safe nature and its moisturizing & healing effect on tender skin. Growing consumer awareness regarding baby hygiene supported by easy product accessibility due to expanding retail channels will boost baby toiletries, thus escalating product demand in this sector.
Tedious purification process along with dependence on wool production may hamper industry profitability, thus negatively impacting market price trends. Lanolin may contain pesticides and chemicals sprayed on wool during recovery which may leading to harmful effect and increased toxicity of the product which may restrict industry growth.
Browse key industry insights spread 155 pages with 116 market data tables & 28 figures & charts from the report, “Lanolin Market Size By Application (Personal Care & Pharmaceuticals, Baby Care, Pharmaceutical, Industrial), By Downstream Potential Derivatives (Lanolin Alcohol, Ethoxylated Lanolin, Acetylated Lanolin, Lanolin Acids), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
France lanolin market size may register gains up to 4.5% by 2024. Occurrence of key cosmetic manufacturing firms has led to increasing imports of these emollients in this country, thus surging product demand. Intensive promotion strategy of companies creating awareness about natural and organic ingredients which is likely to foster regional market growth.
India lanolin market size from pharmaceutical applications is poised to surpass USD 6 million by 2024 due to its low irritation potential and physiologically compatible emollient mainly in ophthalmic formulations. It also finds application in surgical tapes as impregnating agent, skin suited stack enhancer and plasticizer.
Global lanolin market share is competitive and moderately fragmented with major manufacturing companies include Suru Chemicals, Rolex, Lanotech, Lubrizol, Wellman, Croda, Nippon, NKC, Orthochem, Sancai and Tallow Products. Manufacturers are developing purification techniques to minimize health hazards which may cause through contaminants like pesticide presen in the wool which may promote market size.
Lanolin market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD from 2013 to 2024, for the following segments:
Lanolin Market, By Application
- Personal care & cosmetics
- Baby care
Lanolin Market, By Downstream Potential Derivatives
- Lanolin Alcohol
- Ethoxylated Lanolin
- Acetylated Lanolin
- Lanolin Acid
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Saudi Arabia
- South Africa