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Global Lanolin Market to Rise at a CAGR of 6.2% in the Forecast Period of 2022-2027, Aided by Applications in Personal Care Products

According to a new report by EMR titled, ‘Global Lanolin Market Report and Forecast 2022-2027’, The global lanolin industry attained a value of about USD 230 million in 2020. The market is further expected to grow at a CAGR of 6.2% during the forecast period of 2022-2027.

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.

Market Analysis by Applications, Derivatives, and Regions:

  • Based on applications, the market is segmented into personal care cosmetics, baby care products, pharmaceuticals, and industrial, among others.
  • On the basis of derivatives, the industry is divided into lanolin alcohol, cholesterin, isopropyl lanolate, laneth, laogene, lanosterols, quaternium 33, PEG-75, and lanolin fatty acid, among others.
  • The major regional markets for lanolin include North America, Latin America, Europe, the Asia Pacific and the Middle East and Africa.

Key Findings of the Report:

  • The lanolin market is being driven by its industrial uses as a lubricant for machinery and engineering parts and preventing damage from corrosion.
  • As lanolin is biodegradable and non-toxic, it is used as an eco-friendly alternative to mineral oil, which is augmenting the market growth.
  • The robust demand for plant-based, natural, and vegan cosmetic products is bolstering the market growth of lanolin.
  • Applications of lanolin and its derivatives are used as key ingredients in pharmaceutical and healthcare products, such as in ointment bases, burns dressing, and wound sprays, is further invigorates market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the lanolin industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for applications, derivatives, and major regions.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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