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The global lanolin market attained a value of about USD 275.48 million in 2023. The market is further expected to grow at a CAGR of 6.2% during the forecast period of 2024-2032 to reach USD 473.44 million by 2032.
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The market growth of lanolin is being aided by its rising industrial use. Lanolin is a significant component for a broad range of industrial and technical applications, owing to which the demand for lanolin is surging. The rising demand from the shipping sector, where it is used to protect the vessels against the corrosion by seawater, is further propelling the market growth. In addition, the rising adoption of lanolin across industries due to being biodegradable and non-toxic, and thus, environment friendly, is, thereby, augmenting the market growth. As natural resources are being depleted, the biocompatible, biodegradable, and non-toxic properties make lanolin a viable alternative to mineral oil, which is further contributing to the market growth by propelling its adoption in downstream industries. Furthermore, the growing use of lanolin as a lubricating material for machinery and engineering parts and in metal processing like rolling grinding and pressing is bolstering the growth of the market. In addition, lanolin’s wide applicability in various other uses such as aircraft glues, conveyor belt wax, vulcanizing pastes, and special greases, among other uses, is further invigorating the market growth.
Lanolin refers to a waxy substance that is naturally produced by sheep and can be found in their wool. It keeps the sheep’s coat waterproof and refreshed. Raw wool is either treated with soap solutions or kneaded with water to extract lanolin for commercial use in cosmetics, pharmaceuticals, and industrial products.
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On the basis of applications, the market can be segmented into:
Based on derivative, the market can be categorised into:
The EMR report looks into the regional markets of lanolin like North America, Europe, Latin America, the Asia Pacific and the Middle East and Africa.
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The market for lanolin is augmenting due to its rising usage in cosmetic products. Skincare products like creams and oil-based skin lotions have lanolin as a primary product, which is used as a moisturiser, stabiliser, emollient, and emulsifier. Meanwhile, in nail polish removers, lanolin is used to prevent the defatting of the surrounding skin, and in lipsticks and eye make-up, lanolin is deployed as a film modifier and crystal inhibitor, used for uniform dispersal of pigments. Thus, the multiple uses of lanolin in cosmetic products are surging its adoption across the cosmetics industry and further supporting the market growth. In addition, the robust demand for clean label and cruelty-free ingredients is further augmenting the market growth. Furthermore, the robust applications of lanolin and its derivatives as key ingredients in pharmaceutical and healthcare products, such as in ointment bases, burns dressing, and wound sprays is adding to the market growth.
The report presents a detailed analysis of the following key players in the global lanolin market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Derivative |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of approximately USD 275.48 million in 2023.
The market is projected to grow at a CAGR of 6.2% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 473.44 million by 2032.
The growing demand for lanolin for cosmetic and personal care products owing to its moisture retaining properties, and the rising demand for organic ingredients in various products are the major drivers of the market.
he rising demand for lanolin for industrial uses, such as in machinery and engineering parts as a lubricating material, and the growing preference for vegan diets are the key trends of the market.
The major regional markets for lanolin are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The leading applications of lanolin in the market are personal care cosmetics, baby care products, pharmaceuticals, and industrial, among others.
The significant derivatives of lanolin are lanolin alcohol, cholesterin, isopropyl lanolate, laneth, lanogene, lanosterols, quaternium 33, PEG-75, and lanolin fatty acid, among others.
The key players in the global lanolin market are Lubrizol Corporation, Imerial Oel- Import Handelsges mbH, Nippon Fine Chemicals Co. Ltd, Lanotec Australia Pty Ltd, Croda International Plc, and Rolex Lanolin Products Limited, among others.
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+1-415-325-5166
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193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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