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Lanolin Market Opportunity Assessment Study Report 2019-2024 | Suru Chemicals & Pharmaceuticals Pvt. Ltd., The Lubrizol Corporation, Wellman, Croda, Nippon Chemicals
Lanolin Market
Rapid globalization has led to rise in disposable income, which has commanded incorporation of natural and safe ingredients, thus escalating product demand over the projected timeframe. Expanding cosmetic sector along with mounting need for natural products in order to reduce side effects of synthetic ingredients and adoption of healthy lifestyle by consumer have promoted lanolin market growth.
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Suru Chemicals
• Rolex
• Lanotech
• Lubrizol
• Wellman
• Croda
• Nippon
• NKC
• Orthochem
• Sancai
• Tallow Products
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.
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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.
Lanolin Market, By Downstream Potential Derivatives
• Lanolin Alcohol
• Ethoxylated Lanolin
• Acetylated Lanolin
• Lanolin Acid
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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.
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