Lanolin Market Company Profiles, Financial Performance & Product Benchmarking, 2024

Felton, Calif., USA, Aug. 05, 2021 — /EPR Network/ —

The global Lanolin Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.

Market Overview:

Global Lanolin Market is expected to reach USD 227.7 million by 2024. Lanolin is also termed as wool grease or wool wax. It is a yellow-colored, viscous semi-solid fat secreted by the sebaceous glands of wool-bearing animals. It is used as a raw material for the processing of enhanced anti-oil, senior soap, rheumatism ointment, cream, zinc oxide adhesive plaster, and lip balm. It is a long-chain waxy ester that comprises cholesterol, but with a dissimilar composition than human sebum.

Key Players:

• Wellman Advanced Materials
• Lanotec
• NK Ingredients
• The Lubrizol Corporation
• Nippon Fine Chemical
• Yixin Chemical Co.
• Croda International
• Orthochem
• Zhejiang Garden Biochemical High-Tech
• Nanjing Duoyuan Biochemistry

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Growth Drivers:

The Lanolin Market is estimated to grow at a significant CAGR of 5.0% over the forecast period as the scope and its applications are rising enormously across the globe. Rapid urbanization and presence of international cosmetic brands, growing demand for personal care products, rise in pharmaceutical sector, and high disposable income are documented as major factors of Lanolin Market that are estimated to enhance the growth in the years to come. However, growth in bio-based alternatives and strict government policy for protection of animals may restrain overall market growth in the coming years. Lanolin Market is segmented based on application and region.

Application Outlook:

• Personal Care & Cosmetics
• Baby Care Products
• Pharmaceuticals
• Industrial

The personal care & cosmetics sector accounted for the substantial market share of Lanolin and is estimated to lead the overall market in the upcoming period. Also, pharmaceutical sector is estimated to grow at the fastest pace in the years to come.

Regional Insights:

• North America
• Europe
• Asia Pacific
• Central & South America
• MEA

Globally, Asia Pacific accounted for the substantial market share of Lanolin and is estimated to lead the overall market in the upcoming period. The reason behind the overall market growth could be high demand from cosmetics & personal acre manufacturers and expansion of pharmaceutical and healthcare industries. The developing countries like India and China are the major consumers of Lanolin in the coming years.

Instead, North America and Europe are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. This may be because of rise in pharmaceutical and cosmetic sector. However, Europe is estimated to grow at the fastest pace in the foremost period.

The key players of lanolin industry are Wellman Advanced Materials, Lanotec, NK Ingredients, The Lubrizol Corporation, Nippon Fine Chemical, Yixin Chemical Co., Croda International, Orthochem, Zhejiang Garden Biochemical High-Tech, and Nanjing Duoyuan Biochemistry. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition.

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