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The lanolin market is witnessing robust growth due to the extensive applications of lanolin in industrial use. Lanolin is used as a lubricating agent in machinery and engineering parts. In the textile industry, lanolin is a widely used product to protect the leather from the natural degradation process and to soften leathers, which is augmenting the market growth. The demand for lanolin to treat and process tanned leather can be attributed to the growing income levels of people, and the extensive demand for leather in the interiors of vehicles, bags, and other products is adding to the industrial growth. Lanolin is a nourishing oil and emollient used for weathered leather and suede textiles is further invigorating market growth. Lanolin is used as an emulsifier, and gloss enhancer in shoe polishes is providing impetus to market growth. In addition, as an emollient to enhance the soft finishing of textiles, the lanolin market is surging.
Some of the leading market players involved in the production of lanolin are Lubrizol Corporation (NYSE: LZ), Croda International Plc (LON: CRDA), and Rolex Lanolin Products Limited, among others. Lubrizol Corporation provides a wide variety of lanolin which is suitable for numerous end-user industries such as personal care, industrial, and pharmaceuticals, among others. The Ceralan lanolin by Lubrizol Corporation is a 100% active lanolin alcohol. It is available in amber, waxy, or solid form and can be used for applications in personal care products. As an excellent emulsifier and moisturiser, it can be used in products like conditioners, mascaras, soaps, and lipsticks, among others. Hence, such products available in the market are accelerating the market growth of lanolin.
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The major players in the global lanolin market are Lubrizol Corporation, Imperial-Oel-Import Handelsges mbH, Nippon Fine Chemicals Co. Ltd., Lanotec Australia Pty Ltd., Croda International Plc, and Rolex Lanolin Products Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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