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Lanolin Market to Witness Exponential Growth by 2025

Lanolin, also called wool wax or wool grease is manufactured from sebaceous glands of wool-bearing animals such as sheep.


New York, NY -- (SBWIRE) -- 06/13/2017 -- Lanolin Market: Introduction

Lanolin, also called wool wax or wool grease is manufactured from sebaceous glands of wool-bearing animals such as sheep. Lanolin was introduced in the market in 1992 and was used for the production of pesticides. In today's scenario, lanolin and its derivatives are used for manufacturing pharmaceutical and cosmetic products. Lanolin as a medicine is used as a moisturizer to prevent rough, dry, itchy and scaly skin. Lanolin also has the healing properties to cure skin irritations like diaper rashes, skin burns caused by radiation therapy, etc.

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Lanolin is often mixed with various esters, fatty acid and alcohols and is a soft, yellow, waxy substance which acts as a waterproofing agent to protect wool. Furthermore, lanolin offers moisturizing property for dry skin which results in the wide consumption of lanolin in production of cosmetic products such as moisturizers and body lotions by cosmetic manufacturers.

Lanolin also finds its application in technical sector in the form of lubricants or protective preparations for ferrous metals. For example, strongly corroded ships, sea water tanks, etc. can be protected by using lanolin oil as a low-viscous fluid. In the automotive industry, anti-corrosive preparations that contain lanolin are in ample demand.

Global lanolin market is highly fragmented due to the presence of a large number of companies in the arena. However, production of lanolin is quite concentrated in matured regions due to the presence of multinational companies.

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Global Lanolin Market: Market Dynamics

Rapid urbanization along with the substantial demand of cosmetic products are expected to fuel the growth of global lanolin market. Rising demand for personal care products, high disposable incomes and growth of pharmaceutical sector are the major driving factors fuelling the growth of lanolin market. Furthermore, the adoption of lanolin in cosmetic sector for manufacturing pocket size products at low cost triggers the growth of lanolin market. Whereas, rising prevalence of chronic diseases and high geriatric population promoting the development of advanced pharmaceuticals and healthcare facilities drive the broadening of global lanolin market. All these factors directly or indirectly enhance the demand of global lanolin market.

Stringent government regulations on protection of animals in major developed countries result in increasing substitution of lanolin by bio-based alternatives and further is expected to hamper the growth of global lanolin market.

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Growing consumption of lanolin derivatives in industrial and automotive sectors for various applications such as manufacturing of anti-corrosive solutions, etc. act as opportunities for the global lanolin market.

Global Lanolin Market: Market Segmentation

Global lanolin market is segmented based on its application and by end-use.

Global lanolin market is segmented into the following, on the basis of application:

Others (Emulsifying agents, slip agents etc.)
Global lanolin market is segmented as follows, based on the end-use industries:

Cosmetic and personal care
Industrial sector
Global Lanolin Market: Region-wise Outlook

Asia Pacific is expected to dominate the global lanolin market, increasing consumption of lanolin from cosmetic and personal care manufacturers is expected to boost the demand for lanolin market in the upcoming years. In addition, advancement of health care and pharmaceutical industries in the developing countries of this region such as India and China are significantly contributing to the growth of the global lanolin market from past few years.

North America is expected to witness moderate growth in the global lanolin market. Growth in cosmetic and pharmaceutical sectors are expected to drive the lanolin market. Whereas, stringent government regulations is expected to hamper the growth of the market in the aforementioned region. In addition, Western Europe is expected to have a relatively lower share in the global lanolin market followed by Latin America and Middle East & Africa.

Global Lanolin Market: Market Participants

Examples of some of the market participants in the global lanolin market includes,

Quimica Del Centro S.A De C.V.
Nippon Fine Chemical,
Lubrizol Corporation,
Tallow Products Pty Ltd
Lanolin Products Ltd.
Croda International Plc
The participants of global lanolin market are focusing on further expansions and strategic collaborations to increase their capacities in developing countries.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain
Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint